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Home My WebLink AboutOrdinance 22877-09-2017 Ordinance No. 22877-09-2017 AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14 —TRINITY BLUFF FUND 1N THE AMOUNT OF $5,541.00 AND DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14 — TRINITY BLUFF FUND UNAUDITED, UNASSIGNED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF FUNDING THE FISCAL YEAR 2017-2018 ANNUAL OPERATING BUDGET; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2017-2018 in the Budget of the City Manager, there shall also be increased appropriations in Fort Worth Public Improvement District 14—Trinity Bluff Fund in the amount of$5,541.00, and decreasing the Fort Worth Public Improvement District 14—Trinity Bluff Fund unaudited, unassigned fund balance by the same amount, for the purpose of funding the Fiscal Year 2017-2018 annual operating budget. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2017, and ending September 30, 2018, and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FOR ND LEGALITY: CITY SECRETARY �rler Wall'odfi, As (stant City Attorney Pary J. K r ADOPTED AND EFFECTIVE: September 12, 2017 City of Fort Worth FORT WORTH Five Year Service Plan FY 017-18-FY 2021-222 Public Improvement District No.14-Fort Worth FYI 7/18 FY18/19 FY19/20 FY20/21 FY21122 REVENUES PID Assessments $65,019 $66,319 $67,646 $68,999 $70,379 Budget Revenues $65,019 $66,319 $67,646 $68,999 $70,379 Use of Fund Balance $5,541 $5,612 $5,684 $5,758 $5,833 Total Revenues $70,560 $71,931 $73,330 $74,756 $76,212 EXPENSES Management Fee 12,700 12,954 13,213 13,477 13,747 Utilities 500 510 520 531 541 Landscaping 27,400 27,948 28,507 29,077 29,659 Litter Abatement 3,600 3,672 3,745 3,820 3,897 Ambassador Program 23,360 23,827 24,304 24,790 25,286 Marketing 1,000 1,020 1,040 1,061 1,082 Holiday Lighting Public - - - - - Events - - - - - Capital Improvements - - - - - Insurance - - - - - AAnnual - - - - - ReviewReview 2,000 2,000 2,000 2,000 2,000 City Administrative Fee Budget Expenses 70,560 71,931 73,330 74,756 76,212 Contribution to Fund Balance - - - - Total Expenses $70,560 $71,931 $73,330 $74,756 $76,212 Submitted by Downtown Fort Worth,Inc. August 3,2017 F-O-RTWO�RT-H�. Trinity Bluff Public Improvement District R, ; 2 Al .F.8 •� - 5ti.+� +,•- , � Q. ° yam. � ^ - . jr R SRA h } *.. . If .. 1k p J 13 Or .ar .f %041 � � t , '��CCG ► LEGEND ' ' - •�Y fir, J� � a k - - -— '_ PID14 - TRINITY BLUFF N 0 0.05 0.1 0.2 Miles Prepared on:August 19 2014 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL, ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEYAND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/12/2017 -Ordinance Nos. 22876-09-2017, 22876-09-2017 & 22877-09-2017 DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-370 LOG NAME: 03PBD PID14FY18 SUBJECT: Conduct Public Benefit Hearing for Public Improvement District 14, Trinity Bluff PID, Approve Fiscal Year 2017-2018 Budget and Five-Year Service Plan in the Amount of$70,560.00, Approve Tax Year 2017 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at a Rate of$0.10 Per Each $100 of Property Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 14-Trinity Bluff Fund in the Amount of$65,019.00, Adopt Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 14 -Trinity Bluff Fund in the Amount of$5,541.00, and Reducing the Unaudited, Unassigned Fund Balance by the Same Amount, and Authorize Execution of an Agreement with Downtown Fort Worth, Inc., in the Amount of$12,700.00 to Manage the District (COUNCIL DISTRICT 9) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 14, Trinity Bluff Public Improvement District for the 2017 tax year; 2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Trinity Bluff Public Improvement District in the amount of$70,560.00; 3. Approve the Tax Year 2017 Assessment Roll for the Trinity Bluff Public Improvement District, on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in the Trinity Bluff Public Improvement District for the 2017 tax year at a rate of$0.10 per each $100 of property value; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 14 -Trinity Bluff Fund in the amount of$65,019.00 from available funds; 6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 14 - Trinity Bluff Fund in the amount of $5,541.00, and reducing the unaudited, unassigned fund balance by the same amount; and 7. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of $12,700.00 to provide management and improvement services for the Trinity Bluff Public Improvement District during Fiscal Year 2017-2018. DISCUSSION: Un June 1(i, 1UU9, the City (:ounce adopted Resolution No. 3/46-U15-1UU9 establishing Fort Worth FUNIC Logname: 03PBD PID 14FY18 Pagel of 3 Improvement District 14 (Trinity Bluff PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Trinity Bluff PID and the proposed assessments to be levied on each property in the Trinity Bluff PID for the 2017 tax year. Following the public hearing, it is recommended that the City Council approve the 2017 Tax Roll for the Trinity Bluff PID, approve the attached Budget and Five-Year Service Plan of the Trinity Bluff PID, adopt the attached ordinance levying the proposed assessments, and adopt the attached ordinances increasing estimated receipts and appropriations to the Fort Worth Public Improvement District 14 —Trinity Bluff Fund . On August 29, 2017, Mayor and Council Communication (M&C BH-364) the City Council conducted a public hearing to receive comments on the proposed 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Trinity Bluff PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Trinity Bluff PID, in accordance with state law. The improvements and services to be provided in the Trinity Bluff PID and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee $ 12,700.00 Utilities $ 500.00 Landscaping $ 27,400.00 Litter Abatement $ 3,600.00 Ambassador Program $ 23,360.00 Marketing $ 1,000.00 City Administrative Fee $ 2,000.00 Total Expenses $ 70,560.00 The total budgeted costs of the improvements and services are in the amount of$70,560.00. Of this amount, $65,019.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of$0.10 cents to each $100.00 of property value. The remainder of the costs in an amount equal to $5,541.00 will be funded by a transfer from unaudited, unassigned fund balance. The Trinity Bluff PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION /CERTIFICATION: The Director of Finance certifies that, upon approval of the above recommendations and the adoption of the Fiscal Year 2017-2018 Budget by the City Council, funds will be available in the Fiscal Year 2018 operating budget, as appropriated, of the Fort Worth Public Improvement District 14 -Trinity Bluff Fund. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 CERTIFICATIONS: Logname: 03PBD PID14FY18 Page 2 of 3 Susan Alanis (8180) Originating Department Head: Lynda Johnson (6222) Additional Information Contact: Terry Hanson (7934) Logname: 03PBD PID14FY18 Page 3 of 3