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HomeMy WebLinkAboutOrdinance 19893-09-2011Ordinance No. 19893-09-2011 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 14 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 14 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. 14 -- Trinity Bluff FY 11/12 FY12/13 FY13/14 FY14/15 FY 15/16 REVENUES PID Assessments 29,268 46,225 190,000 290,000 290,000 COFW Assessments - - - - - City Payment In -lieu of Services - - - - - Prior Year's Assessment 11,352 6,802 9,861 30,061 55,261 Total Revenues EXPENSES Management Fee (Admin.) Water Utilities Landscape /Tree Maint. Trash Removal Fence Maintenance Holiday Lighting /Decor. Security Patrols Communications Marketing (Ban. & main.) Public Events Capital Improvements Replacements Insurance Annual review (Audit) City Administrative Fee Budget Expenses Estimated Operating Reserve $ 40,620 $ 53,027 $ 199,861 $ 320,061 $ 345,261 1,575 2,366 19,000 29,000 29,000 1,000 1,000 2,000 2,000 2,000 5,000 8,000 8,000 12,000 12,500 15,000 20,000 20,000 8,443 10,000 42,200 78,000 113,000 - 67,000 105,200 105,200 8,800 8,800 8,800 8,800 8,800 3,000 5,000 5,000 5,000 500 500 1,000 1,000 1,000 500 500 1,000 1,000 1,000 500 1,000 1,000 1,000 2,000 2,000 3,800 5,800 5,800 $ 33,818 $ 43,166 $ 169,800 $ 264,800 $ 299,800 $ 6,802 $ 9,861 $ 30,061 $ 55,261 $ 45,461 Total Expenses $ 40,620 $ 53,027 $ 199,861 $ 320,061 $ 345,261 City of Fort Worth, Texas Mayor and Council Communication � ll ' ma a��oa�� aw�ca�� -ti a�wa�� .. c. :ter va "u .ctc��s .. x>: . � mr� COUNCIL ACTION: Approved on 9 {13/2011 - Ordinance Nos. 19892 -09- 2011, 19893 -09 -201'1 & 19894 -09 -2011 DATE: Tuesday, September 13, 2011 REFERENCE NO.: BH -274 LOG NAME: 17PID14BENHEAR2011 SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 14, Trinity Bluff 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 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 14, Trinity Bluff PID for the 2011 tax year; 2. Approve the attached Fiscal Year 2011 -2012 budget and five -year service plan for the Trinity Bluff PID; 3. Adopt the attached ordinance levying special assessments on property in the Trinity Bluff PID subject to assessment; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $29,268.00 in the Special Assessment District Fund (Public Improvement District 14 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 14 Fiscal Year 2011 -2012 Project Account, to the Special Trust Fund contingent upon the adoption of the proposed ordinance levying assessments; 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 Downtown Fort Worth, Inc., to provide management and improvement services for the Trinity Bluff PID during Fiscal Year 2011 -2012 for the sum of $1,575.00. DISCUSSION: On June 16, 2009, the City Council adopted Resolution No. 3748 -06 -2009 establishing Fort Worth Public Improvement District 14, Trinity Bluff PID. The purpose of this benefit hearing is to receive comments from the public regarding the 2011 -2012 Fiscal Logname: 17PID14BENHEAR2011 Pagel of 3 Year budget and five -year service plan for the PID, adopt the attached ordinance levying the proposed assessments and to adopt the attached appropriation ordinances allocating estimated receipts to the Trinity Bluff PID's fund. On August 23, 2011 (M &C BH -267) 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. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Trinity Bluff PID in accordance with State law. The improvements and services to be provided in the PID during the Fiscal Year 2011 -2012 and the costs thereof are: Improvements T Total Budgeted Costs ____ w_ _ _._.... � _. ... ....._.. .._ _ ......... . ... _ . ... Marketing (Banners and $8,800.00 maintenance) $ ----: ..... .......... __ .. .. ..... .... - The total budgeted costs of the improvements are $40,620.00. Of this amount, $29,268.00 will be funded by assessments collected on privately owned parcels located in the district by levying special assessments at a rate of $0.10 cents per each $100.00 of value. The remainder of the costs, $11,352.00, will be funded from the prior year's assessments. The Trinity Bluff 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 and the Special Trust Fund. FUND CENTERS: TO Fund /Account/Centers 5)6 L FE 481306 017587001000 6) FE72 _511010 017587001000 4) GS87 488342 002514009000 4) GS87 539120 002514009000 FROM Fund /Account/Centers $2,000.00 5) GS87 539120 002514009000 $2,000.00 $2-000.00 7) GS87_ 539120, $1,575.0.0 $29,268.00 $29,268.00 Logname: 17PID 14BENHEAR2011 Page 2 of 3 CERTIFICATIONS: Submitted for City Manager's Office by- Originating Department Head: Additional Information Contact: Susan Alanis (8180) Jay Chapa (5804) Sylvia Flores (8550) Logname: 17PID14BENHEAR2011 Page 3 of 3