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HomeMy WebLinkAboutResolution 1341,, ~~~ ~~ ~ _ ~ ~~1~~~~ A~30LUTION NO. ~/, q'•S/ WHEREAS, on July 12, 1988, a petition for creation of the Fort worth Improvement District No. 2 was filed with the City Secretary of the City of Fort Worth sand presented to the City Council of the City of Fort worth; and WHEREAS, on July 12, 1988, 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., 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 August 9, 1988, at 7:00 p.m., in accordance with Section 372.009 of the Act; and WHEREAS, the City Council held such public hearing on August 9, 1988, finally adjourned such hearing, and voted to adopt the following Resolution. which authorizes establishment of the district and the exercise of the powers granted by the Act, makes findings concerning improvements and/or ser- vices to be provided by the district and authorizes the City Secretary to publish notice of establishment of the ~ district; 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 August 9, 1988, _hereby makes the following findings: (a) It is advisable to establish a public improvement district under the Public Improvement District Assessment Act (V.T.C.A., Local Government Code, Section 372.001, et seq.), which district shall be known as the Fort Worth Improvement District No. 2. (b) It is advisable to authorize the City of Fort Worth to. exercise the powers granted by the Public Improvement District Assessment Act in connection with the establishment of a public improvement district, including .- . ®~ F®$'1' W®8'&'~ ,. ... utilizing the district to reimburse costs of previously completed improvement projects and to undertake improve- ment projects and/or services that confer a special bene- fit on property in the district and the levying and collecting of special assessments on property in the dis- >~ trict, based on the benefit conferred by the improvement projects and/or services, to pay the costs of such pro- jects (including previously completed improvement pro- jects) and/or services. (c) It is advisable for improvements and/or services to be undertaken and provided by the district. (d) The general -nature of the improvements and/or services to be provided by the district shall include: (1) an improvement district landscaping, construc- tion, and maintenance program consisting of the planting and maintenance of special supplemental landscaping, the construction and maintenance of special supplemental fencing, and the -construc- tion and maintenance of special supplemental irrigation systems along Park Vista Boulevard and Basswood Boulevard; (2) an improvement district management program to provide for the establishment, administration, _ management and operation of the district. The improvements and/or services will be a supplement to the standard existing level of city improvements and/or services and will constitute an added incre- ment to~_the improvements and/or services normally provided to the taxpayers generally. The City will 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. (e) The estimated costs of the improvements and/or services for the district during the first year of opera- tion are: (1) Expense of establishing district $ 20,000 (2) Cost of maintenance $ 76,600 (3) Replacement reserve $ 9,000 (4) Expense of administration and Operation $ 10,000 TOTAI, ESTIMATED COST $115,600 • caa o~ roaa wosaa The cost of constructing additional improvements and/or providing additional supplemental services in subsequent years will be determined in the service plan to be adopted and amended from time to time by the City Council. (f) The improvement district consists of a tract of n•°- land containing 427.254 acres, more or less, in the City '+ of Fort Worth, Tarrant County, Texas, and is a portion of the land lying north of Western Center Boulevard, south of Summerfields Boulevard, east of Teal Drive and west of Old Denton Highway (S.H. 377). A map of the proposed district is on file in the office of the City Secretary, 1000 Throckmorton Street, Fort Worth, Texas, and is made a part hereof by reference. The boundaries of the improve- ment district are more particularly described by metes and bounds in Exhibit "A" attached hereto and made a part hereof by reference. (g) The method of assessment is: (1 ) A service plan wil l be approved and adopted by the City Council for a period of not less than five years. The plan would be reviewed and up- dated annually by the City Council to determine the annual budget for improvements and/or ser- vices within the district. (2) The cost of improvements and/or services will be assessed against real property within the dis- trict on a square foot 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 cate- gory of property. In determining the relative benefit conferred, consideration will be given to the proximity of the property to the improve- ments, traffic generation, enhanced value, noise abatement, and security. Using the results of the benefit analysis, actual assessment rates for each category of property will be calculated based on the total square footage contained in each category and on the approved district budget. (3) The City Council of the City of Fort Worth will be authorized to establish by ordinance reason- n O c~a~s op ros'r wows r.-~~--- - - able classifications and formulas for the appor- tionment 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. ,.~ (h) The apportionment of costs between the improve- . ment 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 and structures or other improve- ments thereon in the district. (2) The City as. a whole will continue to provide standard improvements and services to the,dis- trict at the same level as they are provided to the taxpayers generally. (i) The probable maximum benefits to be conferred on each tract in the district because of the improvements and/or services will be greater than the amount of the assessment against such tract and the owners thereof. (j) The area to be assessed may not include any prop- erty not within the area described in paragraph (f) unless an additional hearing is held to include the property and notice for the hearing is given in the same manner as • notice under Section 372.009 of the Public Improvement District Assessment Act. 2. The Fort Worth Improvement District No. 2 is authorized to be and is hereby established as a public improvement district under the Public Improvement District Assessment Act, in accordance with the above findings as to the advisability of the improvements and/or services. The district shall be subject to all of the terms, condi- tions, limitations and reservations contained in such findings. 3. The City Secretary is hereby directed to give notice of authorization for establishment of the district by publishing a copy of this Resolution once in a newspaper of general circulation in the City of Fort Worth. Such authorization shall take effect and the district shall be deemed to be established effective upon the publi- cation of such notice. 4. Actual construction of improvements or implementation of services by the district may not begin until after the 20th day after the date the authorization for the district takes effect. I\ c~ or poor wows 5. The district shall be a complete alternative to other methods by which the City of Fort Worth may finance public improve- ments and/or special supplemental services by assessing property owners. Adopted this'~~day of August, 1988. i Mayo r ATTEST: City Secretary • AP~~~'~~~ ~~ ~!T~` ~~~ICIL auy d i~$Q ~--- ._ c;e~ se5 ei ~, c.ty 9§ FBt: W'~ crri or roar wows -, 4 • PUBLIC IMPROVEMENT DISTRICT BOUNDARY DESCRIPTION Being a tract of land situated in the William Evans Survey, Abstract No. 467, the James C. Bradford Survey, Abstract No. 140, the Heirs of William W. Thompson Survey, Abstract Number 1498, the Nancy Ann Robert Survey, Abstract No. 1275 and the Philip Green Survey, Abstract No. 566, all of Tarrant County, Texas and being a portion of that certain tract of land as described by deed to Perot Investment Partners, Ltd. and recorded in Deed Volume 8976, Page 2306, and volume 8976, Page 2293, and all of that certain tract of land as described by deed to Centennial Homes, Inc. and recorded in Volume 9000, Page 2283, County Records, Tarrant County, Texas, said tract being more particularly described by metes and bounds as follows: BEGINNING at a point where the westerly line of Texas and Pacific • Railroad tract intersects the centerline of Basswood Boulevard as recorded in Volume 8099, Page 816, said County Records; THENCE S 07° THENCE N 89° THENCE S 00° THENCE N 44° THENCE N 17° THENCE N 00° THENCE N 57° THENCE N 15° THENCE N 33° 41' 38' 36' 10' 32' 36' 00' 30' 00' 32" 32" 16" 24" 19" 16" 00" 00" 00" W, 1850.39 feet; W, 2792.65 feet; W, 1737.38 feet; W, 816.34 feet; E, 257.49 feet; E, 176.77 feet; W, 125.50 feet; W, 138.71 feet; E, 260.00 feet; • THENCE N OB° 53' 00" W, 297.47 feet; .~ , C6B No. F186061008 06/09/88 PD10 .4 Page 1 of 4 EXHIBIT "A'~ .. ,. , ,,.R THENCE N 02° 51' S1" W, 263.13 feet; •~ THENCE N OS° 47' 3B" E, 176.98 feet; THENCE N 30° 00' 00" W, 240.00 feet; THENCE N 53° 28' 10" i~', 299_80 feet; THENCE N 06° 31' S0" W, 193.10 feet to a point in the southerly right-of-way line of the aforementioned Basswood Boulevard; THENCE N 24° 19' 31" W, 120.OD feet crossing said Basswood Boule- vard [o a point in its northerly right-af-way line to the beginning of a non-tangent curve to the left; THENCE along said non-tangent curve to the left and along [he northerly right-of-way line of said Basswood Boulevard through a central angle of 03° 19' 46`, a radius of 2340.00 feet, an arc length of 135.98 feet and a long chord of N 64° 00' 36" E, 135.96 feet to the southwest corner of Phase I Hillwood Addition, an addition to the City of Fort Worth as recorded in Plat Volume 388/212, Page 29, said County $ecords; • THENCE along the westerly line of .said Hillwood 9ddition, the following courses and distances: N 30° 00' 00" W, 4.18 feet to the beginning of a curve to the right; Along said curve to the right through a central angle of 65° 33' S1", a radius of 375.00 feet, an arc length of 429.12 feet and a long chord of N 02° 46' S5" E, 406.08 feet; N 39° 00' 00" W, 118.53 feet; N 23° 08' 38" W, 198.69 feet; N 38° 39' 47" W, 168.31 feet; N 18° 14' 20" E, 94.83 feet; N 49° 42' 00" E, 168.56 feet; . N 39° 21' 39" W., 159.74 feet; C6B No. F186061008 06/09/88 PD10 .5 Page 2 of 4 ~~ f - - ~,. N 00° 00' 00" E, 331.38 feet; ~a S 84° 29' 38" E, 107.51 .feet to the beginning of a non- tangent curve [o the right; Along said non-tangent curve to the right through a central angle of 14° 48' 15", a radius of 1475.00 feet, an arc length of 381.11 feet and a long chord of N 12° 54' 30" E, 380.05 feet; N 55° 31' OS" W, 96.17 feet; N 49° 46' 26" W, 88.43 feet; THENCE N 89° 29' 35" W, 36.23 feet leaving the westerly line of said Hillwood Addition; THENCE N 00° 04' O1" E, 1658.30 feet; THENCE S 89° 28' S8" W, 269.90 feet; THENCE N 00° 00' 06" E, 105.55 feet; THENCE N 89° 36' 00" W, 1444.82 feet to a point in the easterly right-of-way line of the proposed Teal Drive, said point being the beginning of a non-tangent curve to the right; THENCE along said non-tangent curve to the right and along the easterly right-of-way line of said proposed Teal Drive through a central angle of 20° 30' S2", a radius of 1166.00 feet, an arc length of 417.48 feet and a long chord of N 06° 47' 15" E, 415.25 feet; THENCE N 17° 02' 42" E, 244.39 feet continuing along said easterly right-of-way line to a point in the southerly right-of~ay line of the proposed Summerfields Boulevard, the beginning of a non- tangent curve Lo the left; THENCE along the southerly right-of -way line of said proposed Sum- merfields Boulevard, the following courses and distances: Along said non-tangent curve to the left through a central angle of 16° 17' 02", a radius of 2560.00 feet, an arc length • of 727.57 feet, and a long chord of S 81° 51' 29" E, 725.12 _ feet; C6B F186061008 06/09/88 PD10 .6 Page 3 of 4 ~~.- ~- • N 90° 00' 00" E, 1062.61 feet; N 89° 16' 18" E, 39.66 feet; S 88° 24' 23" E, 127.88 feet; N 82° 21' 31" E, 83.69 feet; N 80° 50' 00" E, 185.00 feet to the beginning of a curve to the right; Along said curve to the right through a central angle of 62° 44' 02", a radius of 90.00 feet, an arc length of 98.54 feet and a' long chord of S 67° 47' S9" E, 93.69 feet; N 76° 19' 10" E, 152.47 feet to the beginning of a non- tangent curve to the right; Along said curve to the right through a central angle df 62° 44' 02", a radius of 90.00 feet, an arc length of 98.54 feet and a long chord of N 49° 27' S9" E, 93.69 feet; . N 80° 50' 00' E, 252.98 feet to the beginning of a curve to the left; Along said curve to the left through a central angle of 25° 50' 00", a radius of 1260.00 feet, an arc length of 568.10 .feet and a long chord of N 67° 55' 00' E, 563.30 feet; N 55° 00' 00" E, 642.90 feet to a point in the westerly line of Ray White (revocable trust) tract as recorded ,in Deed Volume 7088, Page 1323, said County Records; • THENCE 'S 00° O1' 21" W, 2858.10 feet leaving the southerly right- of-way line of said proposed Summerfields Boulevard, along the westerly line of said Ray White tract; THENCE S 89° 42' 36" E, 1153.11 feet continuing along said westerly line; THENCE S 00° 24' 25" W, 1465.78 feet continuing along said westerly line to the centerline of the aforementioned Basswood Boulevard; Thence N 89° 57' 09" $, 697.59 feet, along said centerline to the POINT OF BEGINNING and containing 427.254 acres of land, more or less. ' CdB No. F186061008 06/09/88 PD10 .7 Paee 4 of ~