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HomeMy WebLinkAboutOrdinance 19885-09-2011ORDINANCE NO. 19885 -09 -2011 AN ORDINANCE LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS AND /OR SERVICES PROVIDED IN FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 8 DURING FISCAL YEAR 2011- 12; SETTING CHARGES AND LIENS AGAINST PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF SUCH ASSESSMENTS; RESERVING UNTO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUNT OF THE RESPECTIVE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Fort Worth, Texas, has heretofore directed that certain improvements and /or services (the "Improvements ") shall be provided in Fort Worth Public Improvement District No. 8 (the "District'); and WHEREAS, the District consists of the area that includes all commercial land use areas along the Camp Bowie Boulevard corridor from University Drive on the east, (excluding Museum Place Holdings) to Alta Mere Drive (on the west); all commercial land use areas along the Spur 580 corridor between Camp Bowie Boulevard (on the east) and Loop 820 (on the west); and WHEREAS, the Improvements to be provided in Fiscal Year 2011 -2012 and their estimated costs are as follows: Expenses Management Fee $ 74,312 Landscape & Maintenance $ 71,100 Comm/Newsletters $ 10,000 Marketing $ 41,000 Security $ 25,000 Public Events $ 115,000 Capital Improvements $ 155,000 Professional Services $ 72,000 Insurance $ 4,100 Audit/Accounting $ 18,000 City Administrative Fee $ 7,431 Budget Expenses $ 592,943 Estimated Operating Reserve $ 28,615 Total Expenses $ 621,558 The total budgeted costs of the improvements are $621,558.00. Of this amount, $371.558.00 will be funded by assessments collected on privately owned parcels located in the district. The remainder of the costs, $250,000.00 will be funded by unused prior years' assessments; and WHEREAS, it is proposed that commercial property subject to assessment in the District be assessed at a rate of $0.10 per each $100 of property value, as of January 1, 2011 and determined by the appraisal district with jurisdiction over property in the District; and WHEREAS, the Improvements and proposed assessment roll were previously presented in a public hearing conducted by the City Council on August 23, 2011 (M &C 13H -264) and have been on file in the office of the City Secretary for public inspection; and WHEREAS, the Improvements and proposed assessment roll were once again presented to the City Council in a public hearing conducted on the 13th day of September, 2011, at 7:00 p.m. in the Council Chamber in the City Hall in the City of Fort Worth, Texas (the "Public Hearing "), notice of which was published and mailed to all record owners of property in the District, and at such hearing all desiring to be heard were given a full and fair opportunity to be heard; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. The Public Hearing is hereby closed and any and all protests and objections, whether herein enumerated or not, are hereby overruled. SECTION 2. The City Council, from all evidence before it, including all information provided to it and considered in the Public Hearing, finds that the assessments herein described should be made and levied against the respective parcels of property in the District and against the owners of such property. Such assessments and charges are right and proper and are substantially in proportion to the benefits to the respective parcels of property by means of the Improvements in the District for which such assessments are levied and establish substantial justice and equality and uniformity between all parties concerned, considering the benefits received and burdens imposed. The City Council further finds that in each case the property assessed is specially benefited in enhanced value to the said property by means of the Improvements in the District and for which assessment is levied ORDINANCE 19885-09-2011 and charge made, and further finds that the apportionment of the cost of the Improvements is in accordance with applicable law. The City Council, from the evidence, further finds that the values of the respective parcels of property on January 1, 2011, are true and correct. SECTION 3. There shall be, and are hereby, levied and assessed against the parcels of property in the District and against the real and true owners thereof (whether such owners be correctly named herein or not), the sums of money itemized per parcel of property, and the owners thereof, as far as such owners are known, at the following rate: $0.10 per each $100 of value for commercial property subject to assessment in the District. SECTION 4. Where more than one person or entity owns an interest in any property described herein, each such person or entity shall be personally liable only for its, her or his pro rata share of the total assessment against such property in proportion to its, his or her respective interest to the total ownership such property, and its, his or her respective interest in such property may be released from the assessment lien upon payment of a proportionate sum. SECTION 5. The several sums above mentioned and assessed against the said parcels of property, and owners thereof, and penalty and interest thereon at the rate prescribed by Chapter 372, Texas Local Government Code (the Public Improvements District Assessment Act), together with reasonable attorney's fees and cost of collection, if incurred, are hereby declared to be and are made a lien upon the respective parcels of property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be correctly named herein or not, and such liens shall be and constitute the first enforceable lien and claim against the property on which such asslessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims, except state, county, school district and city ad valorem taxes. A copy of this ordinance may be filed with the County Clerk of Tarrant County, Texas, and when so filed shall constitute complete and adequate legal notice to the public concerning the liens hereby assessed against the respective parcels of property and the owners thereof. The sums so assessed against the respective parcels of property and the owners thereof shall be and become due and payable on or before January 31, 2012, and shall become delinquent if not paid by February 1, 2012. The entire amount assessed against each parcel of property shall bear 3 ORDINANCE 19885-09-2011 penalty and interest, from and after February 1, 2012 at the same rate as prescribed by law for any delinquent ad valorem tax until paid. SECTION 6. If default shall be made in the payment of any assessments, collection thereof shall be enforced by suit in any court of competent jurisdiction, and said City shall exercise all of its lawful powers to aid in the enforcement and collection of said assessments. SECTION 7. The total amount assessed against the respective parcels of property, and the owners thereof, is in accordance with the proceedings of the City hereto and is less than the proportion of the cost allowed and permitted by applicable law. SECTION 8. Although the aforementioned charges have been fixed, levied and assessed in the respective amounts herein stated, the City Council does hereby reserve the right to reduce the aforementioned assessments by allowing credits to certain property owners where deemed appropriate and provided that such any such allowance does not result in any inequity and /or unjust discrimination. SECTION 9. Full power to make and levy reassessments and to correct mistakes, errors, invalidates or irregularities in the assessments are, in accordance with the law in force in this City, vested in the City. SECTION 10. In any suit upon any assessment or reassessment, it shall be sufficient to allege the substance of the provision recited in this ordinance and that such recitals are in fact true, and further allegations with reference to the proceedings relating to such assessment and reassessment shall not be necessary. SECTION 11. 4 ORDINANCE 19885 -09 -2011 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 shall remain in full force and effect. SECTION 12. This Ordinance shall be cumulative of 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 13. This Ordinance shall take effect and be in full force and effect from and after the date of its passage. AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY: Deputy City Attorney M &C: BH -271 Adopted and Effective: September 13 2011 5 ORDINANCE 19885-09-2011 REVENUES PID Assessment Prior Year's Assessment Total Revenues EXPENSES Management Fee Landscape & Maintenance Comm /Newsletters Marketing Security * Public Events Capital Improvements Professional Services Insurance Audit/Accounting City Administrative Fee Budget Expenses Estimated Operating Reserve Total Expenses * Fort Worth Music Festival West Camp Bowie event Holiday Event Total City of Fort Worth PROPOSED BUDGET AND FIVE -YEAR SERVICE PLAN Public Improvement District No. 8 - CAMP BOWIE FY11112 FY12/13 FY13114 FY14/15 FY15/16 371,558 370,000 375,000 380,000 385,000 250,000 28,615 17,515 25,115 41,415 $ 621,558 $ 398,615 $ 392,515 $ 405,115 $ 426,415 74,312 74,000 75,000 76,000 77,000 71,100 65,000 65,000 65,000 65,000 10,000 8,000 8,000 8,000 8,000 41,000 25,000 30,000 30,000 30,000 25,000 20,000 20,000 20,000 20,000 115,000 90,000 90,000 90,000 90,000 155,000 30,000 10,000 5,000 5,000 72,000 45,000 45,000 45,000 45,000 4,100 4,700 4,900 5,100 5,200 18,000 12,000 12,000 12,000 12,000 7,431 7,400 7.500 7,600 7,700 $ 592,943 $ 381,100 $ 367,400 $ 363,700 $ 364,900 $ 28,615 $ 17,515 $ 25,115 $ 41,415 $ 61,515 $ 621,558 $ 398,615 $ 392,515 $ 405,115 $ 426,415 $ 70,000 $ 15,000 30,00 $ 115,000 City of Fort Worth, Texas Mayor and Council Communication SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 8, Camp Bowie Corridor 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, 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 Camp Bowie District, Inc., to Manage the District (COUNCIL DISTRICTS 3 and 7) 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 8, Camp Bowie Corridor Public Improvement District, for the the 2011 tax year; 2. Approve the attached Fiscal Year 2011 -2012 budget and five -year service plan for the Camp Bowie Corridor Public Improvement District; 3. Adopt the attached ordinance levying special assessments on property in the Camp Bowie Corridor Public Improvement District subject to assessment; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $371,558.00 in the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2011- 2012 Project Account, from available funds; 5. Authorize the transfer of $7,431.00 for administrative fees from the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2011 -2012 Project Account, to the Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments; 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund by $7,431.00 from available funds; and 7. Authorize the execution of an agreement with Camp Bowie District, Inc., to provide management and improvement services for the Camp Bowie Corridor Public Improvement District during Fiscal Year 2011- 2012 for the sum of $74,312.00. DISCUSSION: On December 16, 2008, (M &C G- 16380) the City Council adopted Resolution No. 3697 -12 -2008 Logname: 17PID08BENHEAR2011 Page 1 of 3 reestablishing Public Improvement District 8 (Camp Bowie Corridor 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 the attached appropriation ordinances allocating estimated receipts to the Camp Bowie Corridor PID's fund. On August 23, 2011, (M &C BH -264) 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 Camp Bowie Corridor PID in accordance with State law. The improvements and services to be provided in the PID and the costs thereof are: Improvements Total Budgeted Costs ,Management Fee ......... ................ .... $ 74,312.00 __. .. ....... . Landscape & Maintenance $ 71,100.00 'Communications /Newsletters $ 10,000.00 __._ _ Marketing ............................ $ 41,000.00' Economic Development $ 25,000.00 Public Events $115,000.00 ;Capital Improvements $155,000.00 Professional Services $ 72,000.00 ... ._ .. ;Insurance .......... ... ............................... . ............. . ..... $ 4,100.00''. _ . _.............:._ _ .. Audit/Accounting F ___.._...... _ $ 18,000.00. , City Administrative Fee ......:...:........:__.................:.:;.::... $ 7,431 00 3._.,.... .....:...........::.:.:.:,...' 'Budget Expenses ...... ___ ................... .._,.'. $592,943.00i .�..:.. _ W._ u . Estimated Operating ��� Reserve $ 28,615.00 Total Expenses $621,558.00, The total budgeted costs of the improvements and services are $621,558.00. Of this amount, $371,558.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.10 cents to each $100.00 of property value for commercial property. The remainder of the costs, $250,000.00 will be funded by prior years' assessments and revenues. The Camp Bowie Corridor PID is located in COUNCIL DISTRICTS 3 AND 7. 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 budget, as appropriated, of the Special Assessment District Fund and the Special Trust Fund. Logname: 17PID08BENHEAR2011 Page 2 of 3 FUND CENTERS: TO Fund /Account/Centers 5)6) FE72 481306 017587001000 6) FE72 511010 017587001000 4) GS87 488342 002508002000 4) GS87 539120 002508002000 CERTIFICATIONS: FROM Fund /Account/Centers $7,431.00 5) GS87 539120 002508002000 $7,431.00 7) GS87 539120 002508002000 $371,558.00 $371,558.00 Submitted for City Manager's Office by- Originating Department Head: Additional Information Contact: Susan Alanis (8180) Jay Chapa (5804) Sylvia Flores (8550) $7,431.00 $74,312.00 Logname: 17PID08BENHEAR2011 Page 3 of 3