HomeMy WebLinkAboutOrdinance 23782-08-2019 Ordinance No.23782-08-2019
AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE FISCAL YEAR 2019-2020 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 11
—STOCKYARDS FUND IN THE AMOUNT OF $119,447.00, FROM AVAILABLE FUNDS,
AND (2) INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF
$12,111.00 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 11 —STOCKYARDS 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 11 —Stockyards Fund("Fund")in the amount
of $119,447.00, from available funds, and (2) increased appropriations in the Fund in the amount of
$12,111.00 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 11 —Stockyards 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.
APPROVED As_TO AND L I CI RETARY
Tyler F.W51F h,As stant City Attorney Mely J. Kayser '` Q R T
ADOPTED AND EFFECTIVE: August 27, 2019
TEXAS
FORT WORTH,
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City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District No. 11 -Stockyards
FY15/16 FY16/17 FYI 7/18
REVENUES
Assessment Revenues $67,420 $67,420 $67,420
Prior Year Assessments 12,857 11,168 9,074
Total City Revenue $80,277 $78,588 $76,494
Web Site Advertising 9,000 9,000 9,000
Total Revenues $89,277 $87,588 $85,494
EXPENSES
Management Fee 13,484 13,889 14,305
Insurance 425 425 425
Trash Removal (all other Maintenance) 10,200 10,200 10,200
Website& Other Marketing 42,000 42,000 42,000
Public Events 10,000 10,000 10,000
City Administration 2,000 2,000 2,000
Budget Expenses $78,109 $78,514 $78,930
Estimated Operating Reserve 11,168.00 9,074.48 6,564.30
Total Expenses $89,277 $87,588 $85,494
FY18/19 FY19/20
$67,420 $67,420
6,564 3,625
$73,984 $71,045
9,000 9,000
$82,984 $80,045
14,734 15,176
425 425
10,200 10,200
42,000 42,000
10,000 10,000
2,000 2,000
$79,359 $79,801
3,624.97 243.61
$82,984 $80,045
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/27/19 M&C FILE NUMBER: M&C 19-0108
LOG NAME: 13FMS PID 11 FY20
SUBJECT
Conduct Public Benefit Hearing for Public Improvement District 11 -Stockyards,Approve Fiscal Year 2019-2020 Budget in the Amount of
$131,558 and Five-Year Service Plan,Approve Tax Year 2019 Assessment Roll,Adopt Ordinance Levying Special Assessments for the 2019 Tax
Year at a Rate of$0.12 Per Each$100 of Property Value,Authorize Execution of an Agreement with Stockyards Preservation Foundation of Fort
Worth, Inc., in the Amount of$16,858 to Manage the District,and Adopt Appropriation Ordinance(COUNCIL DISTRICT 2)(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 11 -
Stockyards for the 2019 tax year;
2.Approve the attached Fiscal Year 2019-2020 Budget in the amount of$131,558 and Five-Year Service Plan for Public Improvement District 11 -
Stockyards;
3.Approve the Tax Year 2019 Assessment Roll for Public Improvement District 11 -Stockyards,on file with the City Secretary;
4.Adopt the attached ordinance levying special assessments on the property located in Public Improvement District 11 -Stockyards for the 2019
tax year at a rate of$0.12 per each$100 of property value;
5.Adopt the attached ordinance(1)increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 11 —
Stockyards Fund ("Fund")in the amount of$119,447,from available funds,and(2)increasing appropriations in the Fund in the amount of$12,111
and reducing the fund balance by the same amount;and
6.Authorize the execution of an Agreement with Stockyards Preservation Foundation of Fort Worth, Inc., in the amount of$16,858.00 to provide
management of the improvements and services for the Public Improvement District 11 -Stockyards during Fiscal Year 2019-2020.
DISCUSSION:
On February 25,2003,the City Council adopted Resolution No.2925 establishing Fort Worth Public Improvement District 11 -Stockyards
(Stockyards 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 Stockyards PID and the proposed assessments to be levied on each property in the Stockyards 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.
The improvements and services to be provided in the Stockyards PID and the costs thereof are as follows:
Improvements Total Budgeted Cos
Management Fee $16,858
Litter Abatement&Maintenance$25,000
Public Events $17,000
Capital Improvements $30,000
Insurance I$700F
l �I
ebsite&Other Marketing �$40,000
City Administrative Fee 2,000
�Total Expenses �,558
The total budgeted costs of the improvements and services are in the amount of$131,558.Of this amount,$119,447 will be funded by
assessments collected on privately owned parcels located in the Stockyards PID by applying a rate of$0.12 per each$100 of properly value.The
remainder of the costs in the amount of$12,111 will be transferred from the unaudited,unassigned fund balance.The assessment rate for this year
is the same as last year.
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 Stockyards 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 8,2019 and mailed to all record owners of property in the Stockyards PID on August 7,
2019,in accordance with state law.
The Stockyards PID is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION/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 11 -
Stockyards Fund.
Submitted for City Manager's Office by: Kevin Gunn 2015
Originating Business Unit Head: Reginald Zeno 8500
Additional Information Contact: Angela Estrada 8511