HomeMy WebLinkAboutResolution 2573A Resolution
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WHEREAS, on August 3 1999 the City Council of the City of Fort Worth
received a petition for the reestablishment of the Fort Worth Public Improvement
District No 1 and
WHEREAS, on August 17 1999 the City Council found and determined
that such petition included sufficient signatures and met other requirements of
Sections 372 002 and 372 005 of the Public Improvement District Assessment Act
(V T C A Texas Local Government Code Section 372 001 et seq) (the Act')
and
WHEREAS, the City Secretary of the City of Fort Worth gave written
notice and notice by publication that a public hearing would be held by the City
Council on September 7 1999 at 7 00 p m and in accordance with Section
372 009 of the Act and
WHEREAS, the City Council held such public hearing at its regular open,
public meeting on September 7 1999 at 7 00 p m and closed the hearing on the
same day
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS
1 The City Council after duly considering the evidence and testimony
presented at such public hearing hereby makes the following findings
(a) It is advisable to reestablish a public improvement district
under Chapter 372 Local Government Code which District shall be known as the
Fort Worth Public Improvement District No 1 ("the District ')
(b) It is advisable to authorize the City of Fort Worth to exercise
the powers granted by the Act, in connection with the reestablishment of the
District, including the undertaking of improvement projects and/or services that
confer a special benefit on property in the District and the levying and collection
of special assessments on property in the District, based on the benefit conferred
by the improvement project and/or services to pay the costs of such project and/or
services
(c) It is advisable for improvements and/or services to be
undertaken and provided by the District .,_..Y; .;;~,, =~_-.; ~--°---=~~~~-
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(d) The general nature of the improvements and/ r services> of the
District shall include `•~'''~ '- ~{
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CITY OF FORT WORTH
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The cost of such improvements and/or services in subsequent yeazs will be determined
in accordance with the service plan adopted by the City Council.
(f) The boundanes of the District shall be:
The area bounded by Jones Street on the east; Lancaster Avenue on the south,
Texas Street, Macon Street, Fifth Street, Fourth Street, Burnett Street, Belknap Street and
Taylor Street on the west; and the Tnmty River and the East 100 and East 200 blocks of Bluff
Street on the north. Such area is more particularly shown on a map, which is on file in the
Office of the City Secretary of the City of Fort Worth, 1000 Throckmorton, Fort Worth, Texas,
and is made a part hereof by reference.
(g) The method of assessment shall be:
(1) A service plan shall be approved and adopted by the City Council
for a period of not less than five yeazs. The plan will be reviewed and updated
annually by the City Council to determine the annual budget for unprovements
and/or special supplemental services within the District.
(2) The cost of an improvement and/or special supplemental service
will be assessed against real property within the District according to the value
of such property as determined by the City Council, including the value of
structures or other umprovements on the property
(3) During the five-year term of the Distrct, the annual assessments
against real property in the District will not exceed an amount equal to 14 0
cents per $100 of the value of such property as determined by the City Council,
including the value of structures or other improvements on the property
(h) The apportionment of costs between the District and the City as a whole shall
be•
(1) All of the costs of an unprovement and/or service will be paid by
special assessments against real property and structures or other improvements
thereon in the District.
(2) The City of Fort Worth will be responsible for the payment of
assessments on exempt City-owned real property and structures or other
unprovements thereon in the District. The payment of assessments, if any on
property owned by other exempt jurisdictions will be estal~'1`i~ed ;~y cp~it-ractl;
The City as a whole will continue to provide the standard improvements aria
services to the District as referred tom 1(d) above. If rt des ~'nqt~ ~a mutual
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CITY OF FORT WORTH
ADOPTED this 7th day of September 1999
ATTEST
City Secretary
Mayor
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CITY OF FORT WORTH