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HomeMy WebLinkAboutResolution 1456< $ fe - ~, . >~.a~ ., a ~ _. • ~4 `` `~ ®~u~ WHEREAS, on August 3, 1989, the City Council of the City of Fort Worth received a Petition for Reestablishment of the ;,. Fort Worth Improvement District No .. 1; and WHEREAS, the .City Manager and City Attorney have examined the Petition to determine whether it includes the necessary signatures and meets other requirements of Chapter 372, Local Government Code (the "Public Improvement District Assessment Act" or "the Act"); and WHEREAS, on August 15, 1989, the City Manager and City Attorney reported that the Petition includes the signatures of 59 percent of the property owners, the signatures of the owners of 81 percent of the taxable land area and the signatures of the owners of property representing 41 percent of the appraised value of the taxable real property within the area of the proposed public improvement district, as determined by the current roll of the Tarrant Appraisal District; and WHEREAS, the City Manager and City Attorney reported that the Petition contains sufficient signatures and meets other applicable requirements of the Act; and WHEREAS, Secl~ion 372.HQ8 of the Act provides that an advisory bod~ may be established with the responsibility of dev loping and recommending to the City Council a ser- vic assessment and improvement plan for the proposed public improvement district; and WHEREAS, Section 372.008 of the Act provides that the advisory body shall be composed of more than 50 percent of owners of record of property or record owners of more than 50 percent of the land area and owners of taxable property representing more than 50 percent of the appraised value of the taxable real property, including the value of structures and other improvements within the area of the proposed district; and WHEREAS, the composition of the advisory body and appointments thereto must be approved by the City Council; 1 NOW, THEREFORE, BE IT RESOLVED HY THE CITY CODNCIL OF THE CITY OF FORT WORTH, TEXAS: ~, ~ - ~~r, - .._ ~ 1. The City Council hereby finds and determines that the . aforesaid Petition for Reestablishment of the Fort Worth Improvement District, No. 1 includes sufficient signatures and ,;. meets other requirements of Section 372.002 and 372.005 of the 'f ACt. 2. The City Council hereby establishes an advisory body with the responsibility of developing and, recommending a service, assessment and improvement plan to the City Council. The advisory body shall be known as the Advisory Board of Fort Worth Improvement District No. 1. The Advisory Board shall consist of the 33 members listed in Exhibit "A" who are hereby appointed by the City Council. The composition of the Advisory Board, by the appointment of such members, meets the requirements of Section 372.008 of the Act. 3. The Advisory Board shall prepare a proposed ongoing service, assessment and improvement plan for review and considera- tion by the. City Council. The plan shall be for a period of not less than five years, subject, however, to the provisions of Paragraph 8.1 of the Petition, and shall be reviewed and updated by the Advisory Board annually to determine tH'e annual budget for improvements and/or special supplemental services to be provided by the proposed district, 4. The City Manager is hereby directed to prepare the fol- lowing documents and information concerning the proposed district and to file the same with the City Secretary: (a) a statement of the general nature of the proposed improvements and/or services; , (b) preliminary estimates of costs of improvements and/or services; (c) a map showing boundaries bf the proposed district, prop- erty to be assessed and ownership of property; (d) the proposed method of assessments; (e} the proposed apportionment of costs between the improve- ment district and the City as a whole; and (f) a statement of the probable maximum benefits to be con- ferred on each tract. 5. September 5, 1989, at 7:00 p.m. is set as the date and time for a public hearing before the City Council concerning the items listed in Paragraph 4 above, the advisability of the improvements and/or services and the advisability of reestablish- ment of the District. _ ~. y-._.~,` r 6. The City Secretary is hereby directed to give notice of ' the public hearing as ~p/r~o-v'ided in Section 372.009 of the Act. ADOPTED this ~"' day of August, 1989. 4: ~_ MAYOR ATTEST ` APPROVED BY City Secretary CITY COUNCIL AUG I5 1989 City Secretory of the Citt. of Fon Worth, Tattara ~~