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HomeMy WebLinkAboutResolution 4901-01-2018 A Resolution NO. 4901-01-2018 DESIGNATING ASH CRESCENT AS THE NEIGHBORHOOD IMPROVEMENT PROGRAM TARGET AREA FOR FISCAL YEAR 2018 AND SUPPORTING THE USE OF $2,770,000.00 IN CAPITAL FUNDS FOR THE PROGRAM WHEREAS, the City of Fort Worth ("City") values its diverse neighborhoods as the core building blocks of a great city; WHEREAS, the City Council recognizes that some of its neighborhoods face certain economic and social challenges that impact the City's overall livability and cause vulnerability for some of its residents; WHEREAS, the City has engaged its residents and other stakeholders as equal partners in creating and sustaining thriving neighborhoods that are safe, healthy, attractive, and economically stable; WHEREAS,the City's Neighborhood Improvement Program is a comprehensive community initiative led by its Neighborhood Services Department to improve the quality of life and overall health and well-being of residents in targeted neighborhoods utilizing data obtained through Neighborhood Profile Area ("NPA") Vitality Measures, prepared by the City's Planning and Development Department; WHEREAS, neighborhood vitality in the City includes decent affordable housing, strong performing schools, attainable health care and social services, accessible jobs, connective transportation systems, active retail/commercial hubs, safe streets, and sustainable infrastructure; WHEREAS, the Neighborhood Improvement Program in combination with NPA Vitality Measures identifies and understands strengths and challenges for City neighborhoods and provides strategies and allocation of resources for neighborhood improvement; WHEREAS, the City supports revitalizing challenged neighborhoods through an allocation of one-half cent of its municipal property tax rate for capital improvements for the Neighborhood Improvement Program; WHEREAS, on December 13, 2016, the City Council implemented a pilot program for the Neighborhood Improvement Program for Cavile Place and Stop Six using $2,560,000.00 in capital funds appropriated in the Fiscal Year 2017 Budget to implement strategic capital investments aimed at increasing public safety, improving the physical characteristics of the targeted area, promoting economic revitalization, providing supportive services to reduce poverty, and improving the quality of life in the targeted neighborhoods (Resolution No.4722-12-2016); WHEREAS, based on the evaluation of the lessons learned in Fiscal Year 2017 in Stop Six and Cavile Place, the City will annually designate a targeted neighborhood for the Neighborhood Improvement Program that has demonstrated indictors of distress such as significant blight,inadequate public infrastructure, persistent public safety issues and low educational attainment combined with high concentration of low and moderate income residents,and opportunity to leverage other economic and social investments; WHEREAS, the one-half cent of the City's municipal property tax rate is $2,770,000.00 in Fiscal Year 2018; and WHEREAS, the area known as Ash Crescent shown on the attached Exhibit "A", bordered on the north by East Rosedale Street, on the west by South Riverside Drive, on the south by Glen Garden Drive and on the east by Cobb Park Drive West and Martin Luther King Freeway/U.S. 287 as designated on the attached Exhibit A, has met the criteria to be d e s i g n a t e d as a Neighborhood Improvement Program Area. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: The City Council designates the Ash Crescent area as the Neighborhood Improvement Program Target Area for Fiscal Year 2018 and supports the investment of$2,770,000.00 in capital funds for capital projects to improve public safety and attract private i n v e s t m e n t in order to promote economic revitalization and improve the quality of life and overall health and wellbeing of neighborhood residents. AND IT IS SO RESOLVED. Adopted this 30" day of January, 2018. ATTEST: l OF F®Rr * ' 2 Mary J. Kayser,I City Secretary �XAS FORTWORTH Exhibit "A" Map of Ash Crescent Target Area 4 NORTH long" :fiQ I�rt 1 'tiKN� Meshy a we a 11M:III�CRG �' rAPYC1a fYIG7o1= � 8X t. MotetO'�iti wetwvrw - awe 42. Sle9111family wrse+r ��i +r.nsY �+ PCOWU :a4 Cnbtl�Paik ,�„ o, parC TaTraCt 3. King �ma tteatert �r Apartmtmtk i« F a ULU" naxsY C_ Valley a: CRCs Park paftmel�tf WPM ,14�- �u S. Garden t Cobb ' Part Apa 1}itirt11 t-,QrtamlaRil Hotel cnvw a'^ -C JAM � awe da+a�wa acnwarrF i. o rWo