HomeMy WebLinkAboutOrdinance 19887-09-2011Ordinance No. 19887-09-2011
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $2,000.00, FROM AVAILABLE
FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING
ASSESSMENTS, FOR ADMINISTRATIVE FEES FOR PUBLIC IMPROVEMENT
DISTRICT 11 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 $2,000.00 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 11 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hereby expressly repealed.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.
APPROVED 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. 11 - Stockyards
REVENUES
Assessment Revenues
Prior Year's Assessments
Total City Revenue
Web Site Advertising
Total Revenues
EXPENSES
Management Fee
Insurance
Trash Removal (all other Maintenance)
Website & Other Marketing
Public Events
City Administration
Budget Expenses
Estimated Operating Reserve
Total Expenses
FYI 1/12
FY12/13
FYI 3/14
FY14/15
FYI 5/16
$63,176
$63,176
$63,176
$63,176
$63,176
3,068
2,455
1,842
1,228
615
$ 66,244
$ 65,631
$ 65,018
$ 64,404
$ 63,791
$ 4,564
$ 4,564
$ 4,564
$ 4,564
$ 4,564
$ 70,808
$ 70,195
$ 69,582
$ 68,968
$ 68,355
12,635
12,635
12,635
12,635
12,635
425
425
425
425
425
10,200
10,200
10,200
10,200
10,200
33,093
33,093
33,093
33,093
33,093
10,000
10,000
10,000
10,000
10,000
2,000
2,000
2,000
2,000
2,000
$
68,353
$
68,353
$ 68,353
$ 68,353
$
68,353
$
2,455
$
1,842
$ 1,228
$ 615
$
2
$
70,808
$
70,195
$ 69,582
$ 68,968
$
68,355
City of Fort Worth, Texas
Mayor and Council Communication
& 19888.09 -2011
DATE: Tuesday, September 13, 2011
LOG NAME: 17PID11 BENHEAR2011
REFERENCE NO.: BH -272
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 11, Stockyards 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 the Fort Worth Stockyards Preservation
Foundation, Inc. to Manage the District (COUNCIL DISTRICT 2)
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 11, the Stockyards PID for the 2011 tax year;
2. Approve the attached Stockyards PID budget and five -year service plan for Fiscal Year 2011 -2012;
3. Adopt the attached ordinance which levies the proposed assessment for property located in the
Stockyards PID for Fiscal Year 2011 -2012;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$63,176.00 in the Special Assessment District Fund (Public Improvement District 11 Fiscal Year 2011-
2012 Project Account) from available funds;
5. Authorize the transfer of $2,000.00 for administrative fees from the Special Assessment District Fund
(Public Improvement District 11 Fiscal Year 2011 -2012 Project Account) to the Special Trust Fund
contingent upon the adoption of the proposed 2011 assessment roll;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund by $2,000.00 from available funds; and
7. Authorize the execution of an Agreement with the Fort Worth Stockyards Preservation Foundation,
Inc., to provide management and improvement services for the Stockyards PID during Fiscal Year 2011-
2012 for the sum of $12,635.00.
DISCUSSION:
On January 28, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public
Improvement District 11, the Stockyards PID.
Logname: 17PID11BENHEAR2011 Pagel o173
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year
2011 -2012 proposed assessments to be levied on each property in the Stockyards PID, to adopt an
ordinance levying the proposed assessments and to adopt an appropriation ordinance allocating
estimated receipts to the PID's fund.
On August 23, 2011, (M &C BH -265) the City Council conducted a public hearing to receive comments on
the proposed Fiscal Year 2011 -2012 budget and five -year service plan for the PID and provided notice of
this benefit hearing.
Based upon the budget and five -year service plan, the current and projected revenues will fund the
following:
Improvements
____...... � ...._..........�. �:..._
Management Fee
............... .........._..__._....._.�..... _.__ .........
....
Insurance
(Trash Removal (all other
Maintenance)
...__ ...._
Website and Other Marketing
Public Events
_� ._.______ ._
City Administration
Total Budgeted
Costs
........_. __...,..... ._..._......._
$12, 635.00
__.......... _ --- _.._
$425.00
$10,200.00'
$33,093.00
$10,000.00
..........___
$2,000.00
.._ ........ .........._._..__________......
Budget Expenses $68,353.00'
..... _.
Estimated Operating $2,455.00
Reserve
-
Total Expenses $70,808.00
The total budgeted costs of the improvements and services are $70,808.00. Of this amount, $63,176.00
will be funded by assessments collected on privately owned parcels located in the district by applying a
rate of $0.12 cents to each $100.00 of property value. The remainder of the costs, $7,632.00, will be
funded by the prior year's assessments carried forward to Fiscal Year 2011 -2012.
The Stockyards PID is located in COUNCIL DISTRICT 2.
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 and the Special Trust Fund.
FUND CENTERS:
TO Fund /Account/Centers
5 6 FE72___ 481306 017587001000
6) FE72 511010 017587001000
4) GS87 488342 002511003000
4)-GS-87 539120 0.02511003000
CERTIFICATIONS:
FROM Fund /Account/Centers
$2_000 00 5LGS87 539120 002511003000 $2,000.00
$22,000.00 7) GS87 539120 002511003000 $12,635.00
63 176.00
$63-176.00
Logname: 17PIDI IBENHEAR2011 Page 2 of 3
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Jay Chapa (5804)
Sylvia Flores (8550)
Logname: 17PIDI IBENHEAR2011 Page 3 of 3