HomeMy WebLinkAboutOrdinance 23776-08-2019 Ordinance No. 23776-08-2019
AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE FISCAL YEAR 2019-2020 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 1 —
DOWNTOWN FUND IN THE AMOUNT OF $3,171,069.00, FROM AVAILABLE FUNDS,
AND (2) INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF
$39,112.00 AND REDUCING FUND BALANCE BY THE SAME AMOUNT, CONTINGENT
UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR
THE 2019 TAX YEAR, FOR THE PURPOSE OF PROVIDING IMPROVEMENTS AND
SERVICES FOR THE PUBLIC IMPROVEMENT DISTRICT 1 — DOWNTOWN DURING
FISCAL YEAR 2019-2020; 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 2019-2020 in the
Budget of the City Manager, there shall also be (1) increased estimated receipts and appropriations in the
Fiscal Year 2019-2020 Fort Worth Public Improvement District 1 —Downtown Fund ("Fund")in the amount of
$3,171,069.00,from available funds,and(2)increased appropriations in the Fund in the amount of$39,112.00
and reducing fund balance by the same amount,contingent upon the adoption of the ordinance levying special
assessments for the 2019 Tax Year, for the purpose of providing improvements and services for Public
Improvement District 1 —Downtown during Fiscal Year 2019-2020.
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, 2019, and ending September 30,
2020, 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.
APPROV FORINDLITY: f� ECRETA
Tyler F.Wallach,A stant City Attorney ry J. Kayser
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ADOPTED AND EFFECTIVE:August 27, 2019
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FORT WORTH Downtown Public Improvement District
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Prepared An_Au ust 19 2014
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COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS
PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL
ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEYAND PRESENTS
ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES
NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA.
FORTWORTH. City of Fort Worth
Five Year Service Plan FY 2019-20-FY 2023-24
Public Improvement District No. 1 -Fort Worth .
PROPOSED FIVE YEAR SERVICE PLAN
FY19120 FY20121 FY21/22 FY22/23 FY23/24
REVENUES
PID Assessments $2,662,740 $2,716,095 $2,770,417 $2,825,825 $2,882,342
COFW Assessment $203,779 $207,855 $212,012 $216,252 $220,577
COFW Payment in lieu of Services $149,949 $152,948 $156,007 $159,127 $162,310
PID Generated Revenue $154,601 $157,693 $160,847 $164,064 $167,345
Budget Revenues $3,171,069 $3,234,590 $3,299,282 $3,365,268 $3,432,573
Use of Fund Balance 39,112 64,692 65,986 67,305 68,651
Total Revenues $3,210,181 $3,299,282 $3,365,268 $3,432,573 $3,501,225
EXPENSES
Management Fee 419,790 428,186 436,750 445,485 454,394
Water 11,500 11,730 11,965 12,204 12,448
Utilities 4,000 4,080 4,162 4,245 4,330
Landscaping 195,000 198,817 202,793 206,847 210,986
Trash Removal 1,226,250 1,263,173 1,288,436 1,314,205 1,340,489
Holiday Light/Deco 50,000 63,398 64,666 65,959 67,278
Security 61,200 62,515 63,765 65,042 66,341
Ambassador Program 605,000 617,191 629,535 642,127 654,968
Communications/Newsletters 8,000 8,160 8,323 8,490 8,659
Marketing & Research 372,670 380,123 387,726 395,480 403,390
Transportation & Planning 178,350 181,917 185,555 189,266 193,052
Annual Review 15,000 15,300 15,606 15,918 16,236
City Administrative Fee 63,421 64,692 65,986 67,305 68,652
Budget Expenses 3,210,181 3,299,282 3,365,268 3,432,573 3,501,225
Total Expenses $3,210,181 $3,299,282 $3,365,268 $3,432,573 $3,501,225
Submitted by Downtown Fort Worth, Inc. August 3, 2017
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/27/19 M&C FILE NUMBER: M&C 19-0104
LOG NAME: 13FMSPIDlFY20
SUBJECT
Conduct Public Benefit Hearing for Public Improvement District 1 -Downtown,Approve Fiscal Year 2019-2020 Budget and Five-Year Service Plan
in the Amount of$3,210,181,Approve Tax Year 2019 Assessment Roll,Adopt Ordinance Levying Special Assessments for the 2019 Tax Year at a
Rate of$0.105 Per Each$100 of Property Value,Authorize Execution of an Agreement with Downtown Fort Worth,Inc.,in the Amount of$419,790
to Manage the PID,and Adopt Appropriation Ordinance(COUNCIL DISTRICT 9)(PUBLIC HEARING-a. Report of City Staff:Angela Estrada;b.
Citizen Presentations;C.Council Action:Close Public Hearing and Approve the M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 1 -
Downtown for the 2019 tax year,
2. Approve the attached Fiscal Year 2019-2020 Budget in the amount of$3,210,181 and Five-Year Service Plan for Public Improvement District 1 -
Downtown;
3. Approve the Tax Year 2019 Assessment Roll for Public Improvement District 1-Downtown,on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Public Improvement District 1 -Downtown for the 2019 tax
year at a rate of$0.105 per each$100 of property value;
5. Adopt the attached ordinance(1)increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 1—Downtown
Fund("Fund")in the amount of$3,171,069 from available funds,and(2)increasing appropriations in the Fund in the amount of$39,112 and
reducing fund balance by the same amount;and
6. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of$419,790.00 to provide management and
improvement services for the Public Improvement District 1 -Downtown during Fiscal Year 2019-2020.
DISCUSSION:
On June 23,2009,the Mayor and City Council adopted Resolution No.3756-06-2009(M&C C-23627)re-establishing Fort Worth Public
Improvement District 1 -Downtown(Downtown PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2019-2020 Fiscal Year Budget and Five-Year Service Plan
for the Downtown PID and the proposed assessments to be levied on each property in the Downtown PID for the 2019 tax year. Following the public
hearing, it is recommended that the City Council take the following actions: (a)approve the attached Budget and Five-Year Service Plan; (b)
approve the 2019 Assessment Roll; and(c)adopt the attached ordinances levying the proposed assessments and appropriating funds.
On August 20,2019,the City Council conducted a public hearing(M&C 13FMS PID1 FY20 BENEFIT)to receive comments on the proposed 2019-
2020 Fiscal Year Budget,Five-Year Service Plan,and assessments for the Downtown PID. Notice of this benefit hearing was published in the g-
Worth Star-Telegram and mailed to all record owners of property in the Downtown PID,in accordance with state law.
The improvements and services to be provided in the Downtown PID during the 2019-2020 Fiscal Year and the costs thereof are as follows:
FY2019-2020 Budget
Management Fee 419, 790
Water 11,500
Utilities 4,000
Landscaping 195,000
Trash Removal 1,226,250
Holiday Lighting/Decorations 50,000
Security 61,200
Ambassador Program 605,000
Communications/Newsletters 8,000
Marketing&Research 372,670
Transportation&Planning 178,350
Annual Review 15,000
City Administrative Fe 163,421
Total Expenses $3,210,181
The total budgeted costs of the improvements and services are$3,210,181.00. Of this amount,$2,662,740 will be funded by assessments
collected on privately owned parcels located in the Downtown PID by applying a rate of$0.105,representing a decrease of$0.01,to each$100 of
property value.The remainder of the costs in the amount of$547,441 will be funded by other revenue sources including: (a)$203,779 in direct
payments from the City for Payment In-Lieu of Assessments,(b)$149,949 in direct payments from the City for Payment In-Lieu of Services, (c)
$154,601 in revenues generated by Downtown PID activities,and(d)$39,112 transferred from the unaudited,unassigned fund balance.
For Fiscal Year 2019(tax year 2018),the Downtown PID levied an assessment rate of$0.115 per$100 of property value.The Downtown PID
experienced growth in net taxable value equal to 14.5%,or$318,227,354 allowing for the assessment rate to be reduced by$0.01.Thus,the
recommended Fiscal Year 2020(tax year 2019)assessment rate is$0.105 per each$100 of property value. Even with the lower assessment rate,
revenue growth year over year is$109,679 or 4%.
On August 20,2019,the City Council conducted a public hearing to receive comments on the proposed 2019-2020 Fiscal Year Budget, Five-Year
Service Plan,and 2019 Assessments for the Downtown PID(M&C BH). Notice of the August 20,2019, benefit hearing and this hearing were
published in the Fort Worth Star-Telegram on August 08,2019 and mailed to all record owners of property in the Downtown PID on August 07,
2019, in accordance with state law. The Downtown PID advisory board recommended approval of the budget.
The Downtown PID is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION 1 CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2019-2020 Budget by the
City Council,funds will be available in the Fiscal Year 2020 operating budget,as appropriated,of the Fort Worth Public Improvement District 1 -
Downtown Fund.
Submitted for City Manager's Office by: Kevin Gunn 2015
Originating Business Unit Head: Reginald Zeno 8517
Additional Information Contact: Angela Estrada 8511