HomeMy WebLinkAboutOrdinance 19875-09-2011Ordinance No.19875 -09 -2011
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $35,365.00, FROM AVAILABLE
FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING
ASSESSMENTS, FOR ADMINISTRATIVE FEES FOR PUBLIC IMPROVEMENT
DISTRICT 1 DURING FISCAL YEAR 2011 -2012; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES;
REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN
EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in the amount of $35,365.00 from available funds, contingent upon the adoption of the
ordinance levying assessments for Fiscal Year 2011 -2012, for administrative fees for the Public
Improvement District 1 during Fiscal Year 2011 -2012.
SECTION 2.
That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void
for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way
impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining
provisions shall be and remain in full force and effect.
SECTION 3.
That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal
government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2011, and ending
September 30, 2012, and all other ordinances and appropriations amending the same except in those
instances where the provisions of this ordinance are in direct conflict with such other ordinances and
appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are
hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APP VED AS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 13, 2011
City of Fort Worth
PROPOSED BUDGET AND FIVE -YEAR SERVICE PLAN
Public Improvement District No. 1 - Downtown
REVENUES
PID Assessments
COFW Assessments
City Payment In -lieu of Service
PID Generated Revenue
Prior Year's assessment
Total Revenues
EXPENSES
Management Fee (Admin.)
Water
Utilities
Landscape/Tree Maint.
Trash Remov. (other Maint.)
Fence Maintenance
Holiday Light. /Deco.(Repairs)
Security Enhancement
Com m uni ca. /Newsletters
Marketing (& Research)
Public Events
Transportation & Planning
Capital Improvements
Replacements
Insurance
Annual review (Audit)
City Administrative Fee
Budget Expenses
Estimated Operating Reserve
FY11/12 FY12/13 FY13/14 FY 14/15 FY 15/16
1,578,715
1,590,000
1,621,700
1,654,125
1,687,200
189,518
197,175
201,118
205,140
209,240
138,498
144,095
146,972
149,145
152,128
130,163
140,000
145,000
145,000
150,000
415,438
219,141
229,141
214,142
189,142
$ 2,452,332 $ 2,290,411 $ 2,343,931 $ 2,367,552 $ 2,387,710
333,700
341,315
349,402
355,898
366,895
14,500
13,500
14,000
14,500
14,500
26,000
28,000
29,000
29,000
29,000
61,223
61,305
62,532
63,783
65,058
1,087,548
974,405
1,005,906
1,024,837
1,042,124
15,000
15,000
15,000
15,000
15,000
80,450
83,455
84,840
86,320
86,810
20,205
20,205
20,205
20,205
20,205
310,700
299,795
304,795
309,795
321,505
233,500
168,546
186,653
199,887
213,594
2,500
5,000
5,000
5,000
5,000
9,000
10,500
11,000
11,500
11,500
3,500
4,500
5,000
5,500
5,500
35,365
35,744
36,456
37,185
37,928
$ 2,233,191 $ 2,061,270 $ 2,129,789 $ 2,178,410 $ 2,234,619
$ 219,141 $ 229,141 $ 214,142 $ 189,142 $ 153,091
Total Expenses $ 2,452,332 $ 2,290,411 $ 2,343,931 $ 2,367,552 $ 2,387,710
City of Fort Worth, Texas
Mayor and Council Communication
& 19876 -09 »2011
DATE: Tuesday, September 13, 2011 REFERENCE NO.: BH -268
LOG NAME: 17PID01 BENHEAR2011
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 1, Downtown PID, Concerning the
Proposed 2011 -2012 Budget and Five -Year Service Plan and Proposed Assessment Roll, Adopt
Ordinance Levying Special Assessments for the 2011 Tax Year, Authorize the Transfer of $138,498.00
from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu of Services,
Authorize the Transfer of $189,518.00 from the General Fund to the Special Assessment District Fund for
the City's Payment in Lieu of Assessment, Adopt Appropriation Ordinances to Increase Estimated Receipts
in the Special Assessment District Fund and Special Trust Fund for Fiscal Year 2011 -2012, and Authorize
Execution of an Agreement with Downtown Fort Worth, Inc., to Manage the District (COUNCIL DISTRICT
9)
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a public benefit hearing concerning the proposed special assessments on property located in
Public Improvement District 1, Downtown Public Improvement District for the 2011 tax year;
2. Approve the attached 2011 -2012 Fiscal Year Budget and five -year service plan for the Downtown
Public Improvement District;
3. Adopt the attached ordinance levying special assessments on property located in the Downtown Public
Improvement District for the 2011 tax year;
4. Authorize the transfer of $138,498.00 from the General Fund to the Special Assessment District Fund,
Public Improvement District 1 Fiscal Year 2011 -2012 Project Account, for the City's payment in -lieu of
services;
5. Authorize the transfer of $189,518.00 from the General Fund to the Special Assessment District Fund,
Public Improvement District 1 Fiscal Year 2011 -2012 Project Account, for the City's payment in -lieu of
assessments;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$1,906,731.00 in the Special Assessment District Fund, Public Improvement District 1 Fiscal Year 2011-
2012 Project Account, from available funds;
7. Authorize the transfer of $35,365.00 for administrative fees from the Special Assessment District Fund,
Public Improvement District 1 Fiscal Year 2011 -2012 Project Account, to the Special Trust Fund
contingent upon the adoption of the proposed 2011 Assessment Roll;
Logname: 17PID01 BENHEAR2011 Page 1 of 3
8. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund by $35,365.00 from available funds; and
9. Authorize the execution of an agreement with Downtown Fort Worth, Inc., to provide management and
improvement services for the Downtown Public Improvement District during Fiscal Year 2011 -2012 for the
sum of $333,700.00.
DISCUSSION:
On June 23, 2009, the City Council adopted Resolution No. 3756 -06 -2009 (M &C C- 23627) re- establishing
Fort Worth Public Improvement District 1 (Downtown PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2011 -2012 Fiscal
Year budget and five -year service plan for the PID, and the proposed assessments to be levied on each
property in the PID for the 2011 tax year. Following the public hearing, it is recommended that the City
Council approve the attached budget and five -year service plan of the PID, adopt the attached ordinance
levying the proposed assessments and adopt appropriation ordinances allocating estimated receipts to the
Downtown PID's fund.
On August 23, 2011, (M &C BH -261) the City Council conducted a public hearing to receive comments on
the proposed 2011 -2012 Fiscal Year budget and five -year service plan for the PID. Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Downtown PID
in accordance with the State law.
The improvements and services to be provided in the PID during the 2011 -2012 Fiscal Year and the costs
thereof are:
Improvements 'Total Budgeted
Costs
.Management Fee (Admin.) $333,700.00
............. _.
Water I
$14,500.00
Utilities $26,000.00
Landscape /Tree Maintenance 1 $61,223.00
Trash Removal (other
Maintenance)
Holiday Lighting
(Decorations /Repairs)
Security Enhancement
. ..............._.________...__.
Communications /Newsletters
$1,087,548.00
$15,000.00
$80,450.00
$20,205.00
(Marketing and Research)
$310,700.00
Transportation and Planning
$233,500.00
Capital Improvements
$2,500.00
Insurance _
$9,000.00
Annual review (Audit)
$3,500.00;
,City Administrative Fee
........... ....._........_................ .
$35,365.00'
Budget Expenses
$2,233,191.00
Estimated Operating Reserve
$219,141.00
Logname: 17PID01 BENHEAR2011 Page 2 of 3
Total Expenses
$2,452,332.00
The total budgeted costs of the improvements are $2,452,332.00. Of this amount, $1,578,715.00 will be
funded by assessments collected on privately owned parcels located in the PID by applying a rate of
$0.10 cents to each $100.00 of property value. The remainder of the costs, $873,617.00 will be funded by
other revenue sources, including $189,518.00 in direct payments from the City for payment in -lieu of
assessments; $138,498.00 in direct payments from the City for payment in -lieu of services; $130,163.00 in
revenues generated by PID activities; and $415,438.00 from prior years' assessments and revenues.
The Downtown PID is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
and upon the adoption of the Fiscal Year 2011 -2012 budget by the City Council to include the above
recommended item(s), funds will be available in the Fiscal Year 2012 Operating Budgets, as appropriated,
of the Special Assessment District Fund, Special Trust Fund, and General Fund.
FUND CENTERS:
TO Fund /Account/Centers
7)8) FE72 481306 017587001000
8) FE72 511010 017587001000
4)6) GS87 488010 002501002000
5)6) GS87 488010 002501002000
6) GS87 488342 002501002000
6) GS87 539120 002501002000
CERTIFICATIONS:
FROM Fund /Account/Centers
$35,365.00 7) GS87 539120 002501002000
$35,365.00 4) GG01 539120 0801000
$138,498.00 5) GG01 539120 0801000
$189,518.00 9) GS87 539120 002501002000
$1,578.715.00
$1,906,731.00
Submitted for City Manager's Office -W
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Jay Chapa (5804)
Sylvia Flores (8550)
$35,365.00
$138,498.00
$189,518.00
$333,700.00
Logname: 17PID01 BENHEAR2011 Page 3 of 3