HomeMy WebLinkAboutOrdinance 17720-08-2007Ordinance No. 17720-08-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $130,165 FROM
AVAILABLE FUNDS CONTINGENT UPON THE ADOPTION OF THE FISCAL YEAR
2007-2008 BUDGET FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 1 (DOWNTOWN); MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR 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 2007-2008 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Assessment District Fund in the amount of $130,165 from available funds contingent upon adoption
of the Fiscal Year 2007-2008 budget for the purpose of funding improvements and services in Public
Improvement District No. 1 (Downtown).
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, 2007, and ending
September 30, 2008, 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hereby expressly repealed.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.
APPR VEDAS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: August 21, 2007
City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District No. 1 -Downtown
REVENUES
Private Assessment Revenues
CFW Assessment Revenues
City Payment in-lieu of Services
PID Generated Revenue
Interest
Prior Year's Assessment
Total Revenues
EXPENSES
- Operations
Maintenance & Landscaping
Security Enhancement
Marketing
Transportation & Planning
City Administration
Total Expenses
BALANCE
FY07/08 FY08/09 FY09/10 FY10/11 FY11/12
1,735,000 1,773,105 2,228,000 2,318,000 2,388,000
193,750 200,700 215,000 224,400 228,800
130,165 132,765 180,000 183,600 187,270
155, 565 156,000 158,555 158,000 161,160
25,000 26,000 30,000 33,000 35,000
70,360 100,000 60,000 60,000 60,000
2,309,840 2,388,570 2,871,555 2,977,000 3,060,230
308,550 324,200 337,530 349,387 359,090
1,126, 820 1,171,618 1,599,015 1,669,342 1,716,224
85,000 85,713 104,399 98,084 104,383
427,170 434,909 440,969 458,643 467,435
327,600 336,670 345,082 355,184 365,338
.34,700 35,460 44,560 46,360 47,760
2,309,840 2,388,570 2,871,555 2,977,000 3,060,230
$0 $0 $0 $0 $0
Cify of Ford V~/orfh, 1'exa~
Mayor and Council Communication
COUNCIL ACTION: Approved on 8/21/2007 -Ord. No. 17720-08-2007 & 17721-08-2007
DATE: Tuesday, August 21, 2007
LOG NAME: 13PID01 PUBHEAR REFERENCE NO.: G-15837
SUBJECT:
Approve Fiscal Year 2007-08 Budget and Five-Year Service Plan for Fort Worth Public
Improvement District No. 1 (DOWNTOWN); Authorize Transfer of City's Payment In-Lieu of Service;
Authorize Transfer of City Payment In-lieu of Assessments; Adopt Proposed 2007 Assessment Roll;
Set Benefit Hearing; Authorize Transfer for Administrative Fees and Authorize Execution of a
Contract with Downtown Fort Worth, Inc., to Provide Management Services for the District; and
Adopt Related Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a public hearing concerning the budget and five-year service plan for Fort Worth Public
Improvement District No. 1 (Downtown) (PID 1) for fiscal year 2007-08;
2. Approve the attached budget and five-year service plan for FY2007-08 as recommended by the Advisory
Board of PID 1 and approve adding to the FY2007-08 budget, as contingency, any unencumbered
revenues from PID 1 assessments from prior years;
3. Authorize the transfer of $130,165 for City's payment in-lieu of services, from the General Fund to the
Special Assessment District Fund (PID 1, FY2007-08 Project account);
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$130,165 in the Special Assessment District Fund from available funds;
5. Authorize the transfer of $193,750 for the City's payment in-lieu of assessments from the General Fund
to the Special Assessment District Fund (PID 1 Project account for FY2007-08);
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$193,750 in the Special Assessment District Fund (PID 1 Project account from available funds);
7. Adopt the proposed 2007 assessment roll for PID 1;
8. Set a public Benefit Hearing for Tuesday, September 11, 2007, at 7:00 p.m. in the City Council Chamber;
9. Authorize the transfer of $34,700 for administrative fees from the Special Assessment District Fund (PID
1, FY2007-08 Project account to the General Fund); and
10. Authorize the City Manager to execute a contract with Downtown Fort Worth, Inc., to provide
management and improvement services for PID 1 during FY2007-08 for the sum of $2,309,840.
DISCUSSION:
Logname: 13PIDOIPUBHEAR Page 1 of 3
On July 20, 2004, (M&C G-14435) the City Council adopted Resolution No. 3105 re-establishing Fort Worth
Public Improvement District No.1 (PID 1).
State law requires an annual report on the proposed budget and five-year service plan, which is attached to
this Mayor and Council Communication.
The general nature of the improvements and/or services to be provided by the PID shall include:
• An Improvement District Maintenance and Landscaping Program consisting of supplemental street
sweeping, sidewalk cleaning, bus shelter cleaning, planting and landscape maintenance, streetscape
improvements and trash receptacle pickup;
• An Improvement District Promotions Program consisting of recreational and cultural enhancements and
activities, a promotional program and the staging or monitoring of special recreational and cultural events;
• An Improvement District Marketing and Communications Program consisting of website development,
Downtown Co-Op marketing program, marketing research surveys, and marketing campaign to promote the
use of properties in the PID;
• An Improvement District Security Program consisting of a public relations crime prevention campaign,
private security force coordination campaign, parking garage and a parking lot security program;
• An Improvement District Transportation and Parking Program consisting of a campaign to promote Fort
Worth Transit Authority bus service and ridesharing, the development of a plan concerning better utilization
of short-term parking facilities and the improvement of traffic signs; and
• An Improvement District Management Program to provide for the administration and operation of the PID
activities and programs.
Three line items listed on the five-year service plan, which requires transfer of City funds are City Payment
In-lieu of Services, City Payment In-lieu of Assessments and City Administration Fee.
1. City Payment In-lieu of Services is a supplement to the PID budget funding the level of improvements or
services that would be provided by the City of Fort Worth to the taxpayers in the PID;
2. City Payment In-lieu of Assessments is an allocation to the PID budget for assessments the City would
pay on City-owned properties in the PID if the City were not considered absolute, exempt tax payer; and
3. On July 27, 2004, (M&C G-14443) the City Council adopted guidelines for setting an Administrative Fee
Structure. The City shall assess an annual administration fee for all districts equal to two percent of the
district's annual assessments, or $2,000, whichever is greater.
PID 1 is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval and completion of the above recommendations, funds will
be available in the FY2007-2008 operating budget, as appropriated, of the Special Assessment District
Fund.
TO Fund/Account/Centers
GS87 472001 002501002000
GS87 472001 002501002000
GS87 539120 002501002000
FROM Fund/Account/Centers
$193.750.00 GG01 538070 0905800
$130,165.00 0001 538070 0905800
$130,165.00 GS87 539120 002501002000
$193,750.00
$130,165.00
$2,309,840.00
Logname: 13PIDOIPUBHEAR Page 2 of 3
GG01 481306 134010 X34,700.00 GS87 539120 002501002000 $34.700.00
GS87 539120 002501002000 $193.750.00
Submitted for City Manager's Office b~ Karen Montgomery (6222)
Originating Department Head: Lena H. Ellis (8517)
Additional Information Contact: Becky Wood (8550)
Logname: 13PIDOIPUBHEAR Page 3 of 3