HomeMy WebLinkAboutResolution 1689~.~,-_~ -
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RESOLUTION NO. ~6 8~
WHEREAS, on August 9, 1988, the City Council of the City of Fort
Worth, Texas, adopted a Resolution which authorized the
establishment of the Fort Worth Improvement District
No. 2 (the "District") as provided by state law; and
WHEREAS, at 10:00 a.m. on November 27, 1990, the City Council
held a public hearing concerning the following matters:
(a) the general nature of the proposed improvements
and/or services to be provided by the District
during 1990;
(b} the estimated cost of such improvements and/or
services;
(c) the proposed method of assessment;
(d) the proposed apportionment of costs between the
Improvement District and the City as a whole; and
WHEREAS, the City Council adjourned such public hearing and
adopted this resolution which:
(a) makes findings concerning the nature and
advisability of the improvements and/or services
to be provided by the District during 1990, the
estimated costs, the method of assessment, and the
apportionment of costs between the District and
the City as a whole;
(b) adopts the service, improvement and assessment
plan which was recommended by The Perot Group for
1990; and
(c) approves the budget, service, and assessment plan
recommended by The Perot Group for the years 1990-
1994, and authorizes the City Manager to execute a
contract with The Perot Group for payment from
available district funds for costs incurred to
provide services as outlined in the plan.
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 the public hearing held on November
27, 1990, hereby makes the following findings:
(a) It is advisable for the Fort Worth Improvement
District No. 2 (the "District") to undertake and provide
improvements and/or services during 1990.
CITY OF FORT WORTH
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(b) The general nature of the proposed improvements
and services to be provided by the district shall include:
(1) An improvement district landscaping,
construction and maintenance program consisting of
the planting. and maintenance of special
supplemental landscaping, the construction and
maintenance of special supplemental fencing, and
the construction and maintenance of special.
supplemental irrigation systems along Park Vista
Boulevard and Basswood Boulevard. A description
of the proposed improvements is on file in the
office of the City Secretary of the City of Fort
Worth.
(2) An improvement district management program to
provide for the establishment, administration,
management, and operation of the district.
(3} The City will be paid $10,000 per year for
administrative costs, and an additional $10,000
for the first year for the additional costs of
establishing a district.
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(c) According to the Plan of Services and Budget
hereto approved and adopted by the City Council, the cost of
the improvements and/or services of the district during
calendar year 1990:
TOTAL TO BE 1.
COST ASSESSED
The proposed improvements and/or services would be
a supplement to the standard existing level of
city improvements and/or services and would
constitute an added increment to the improvements
and/or services normally provided to the taxpayers
generally. The City would continue to furnish or
pay for standard improvements and/or services in
the district at the same level as they would be
provided to the taxpayers generally.
(a) Expense of establishing the district $ 20,000 $ 20,000
(b) -Cost of maintenance $221,335 $125,052
{c) Replacement reserve $ 5,000 $ 5,000
{d) Expense of administration/operation $ 10,000 $ 10,000
{e) Capital recovery $ 1,000 5~~000
TOTAL $257,335 $161,052
Note 1. The remaining $96,283 in revenue-will come from a
subsidy provided by the Hillwood Development Company.
CFPY OF FORT r01ORTS
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The cost of constructing additional improvements and/or
providing additional supplemental services in subsequent
years will be determined in the annual service plan to be
adopted and amended from time to time by the City Council.
(d) The approximate boundaries of the improvement
district are:
Within an area bounded by State Highway 377 on the
east; Western Center Boulevard on the South; Teal
Drive on the west; and Summerfields Boulevard 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 Street, Fort Worth, Texas, and is
made a part hereof by reference.
(e) The method of assessment is:
(1) A service plan will be approved and adopted by
the City Council for a period of not less than
five years. The plan shall be reviewed and
updated annually by the City Council to deter-
mine the annual budget for improvements and/or
services within the district.
(2) The cost of an improvement and/or special
service will be assessed against real property
within the District on a square footage
basis.- The assessment rate per square foot
will vary for different categories of property
(e.g., commercial vs. residential and platted
vs. unplatted) depending on the relative
benefit conferred on each category of
property. In determining the relative benefit
conferred, consideration will be given to the
proximity of the property to the improvements,
traffic generation, enhanced value, noise
abatement, and security. Using the results of
the benefit analysis, actual assessment rates
for each category of property were calculated
based on the total square footage contained in
each category and on the approved district
budget. The assessment rates are as follows:
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CITY OF FORT N1ORTH
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Category
Unplatted Commercial
Unplatted Multi-Family
Unplatted,Sngle Family
Platted Commercial
Platted Multi-Family
Platted Single Family
$0.001353
$0.004342
$0.005086
$0.007670
$0.024646
$0.028880
For all platted single family properties,
assessments will levied against the full area of a
subject parcel, provided however, that no
assessment. will be levied for the area in excess
of 7,500 square feet.
(f) The apportionment of costs between the improvement
district and the city as a whole shall be:
(1) All of the cost of an improvement and/or
service shall be paid by special assessments
against real property in the district or by
subsidy funds provided by the Hillwood
Development Company.
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(2) The City Council of the City of Fort
Worth will be authorized to establish by
ordinance reasonable classifications and
formulas for the apportionment of costs
between the City and the property to be
assessed and to establish the methods for
assessing special benefits for various classes
of improvements and/or services.
(3) The City as a whole will continue to
provide standard improvements and sezvices to
the district at the same level as they are
provided to the taxpayers generally.
(g) The probable maximum benefits to be conferred on
each tract in the district because of the improvements
and/or services shall be greater than the amount of the
assessment against such tract and the owners thereof.
(h} The City Council Resolution of August 9, 1988
authorizing establishment of the district provides that
the District will exist for an indefinite term unless
the District is terminated as provided by law.
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Per Sg, Foot__Assessment,
f.TPY OF FORS' WOR'!'B
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2. The City Secretary is hereby directed to give notice of
authorization for the district to provide improvements and/or
services during 1990 by publishing a copy of this Resolution once
in a newspaper of general circulation in the City of Fort Worth.
3. The City Manager is hereby authorized to execute a
contract with The Perot Group to provide improvements and/or
services in the district under this Resolution and_ the service
plan for 1990 is hereby adopted by the Council.
4. The district shall be a complete alternative to other
methods by which the City of Fort Worth may finance public
improvements and%or special supplemental services by assessing
property owners.
Adopted this ~ T/~ day of November, 1990.
Mayor
ATTEST:
City Secretary
APPROVED BY
CITY COUNCIL
NOV 27 1990
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City Secretary of the
City of Fort Worth, Texas
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CITY OF FORT N10RTS