HomeMy WebLinkAboutResolution 1154
RESOLUTION NO.
WHEREAS, on June 3, 1986, the City Council of the City of Fort
Worth received a Petition for Creation of the Fort Worth
Improvement District No. 1; and
WHEREAS, the City council directed the City Manager and City
Attorney to determine whether the Petition includes the
necessary signatures and meets other requirements of
Article 1269j-4.12, V.A.C.S. (the "Public Improvement
District Assessment Act"); and
WHEREAS, on June 9, 1986, the City Manager and City Attorney
reported that the Petition includes the signatures of 57
percent of the property owners, the signatures of the
owners of 77.4 percent of the taxable land area and the
signatures of the owners of property representing 90.8
percent of t,:e appraised value of the taxable real prop-
erty within the area of the proposed public improvement
district, as determined by the current roll of the Tarrant
Appraisal District; and
r WHEREAS, the City Manager and City Attorney reported that the
Petition contains sufficient signatures and meets other
applicable requirements of Article 1269j-4.12, V.A.C.S.;
A and
WHEREAS, Section 5 of Article 1269j-4.12 provides that an advisory
body may be established with the responsibility of deve.l-
oping and recommending to the City Council a service
assessment and improvement plan for the proposed public
improvement district; and
WHEREAS, Article 1269j--4.12 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 taxabl- property representing more
than 5C percent of the appraised value of t..e taxable real
property, including the value of stru-tures 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;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
1. The City Council hereby finds and determines that the
aforesaid Petition for Creation of the Fort Worth Improve-
MT 01, FORT WOM
R
ment District No. 1 includes sufficient signatures and
meets other requirements of Section 1 and Section Sr
Article 1269]-4,12, V.A.C.S.
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 33 members who shall be
appointed by the City Council. The composition of the
Advisory Board shall meet the requirements of Section 5 of
Article 1269j-4.12.
3. The Advisory Board shall prepare a proposed on.going
service, asses<smen>t;. and improvement plan for review and
consideration by the City Council. The plan shall be for a
period of not loss 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 the annual budget for improvements and/or spc,-
cial supplemental services to be presided by the proposed
district.
4. The Cj ty Manager is hereby d':i.recte:d to prepare the follow-
ing documents and information concerning the proposed
district and to file the same wi_b the City 'Secretary:
tts?
(a) A statement of the general nature of the proposed'
improvements and/or services-;
(b) Preliminary estimates of costs of improvements .and/o-r
services;
(c) A map showing boundaries of the proposed digt:racta
property to be assessed and ownership of property;
(d) The proposed method of assessments;
(e) The proposed apportionment of costs between the
improvement district and the city as a whole; an
(f) A statement of the probable maximum benefits to be
conferred on each tract.
ADOPTED this day of June, 1986.
MA I
ATTEST:
ty Secretary
1