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HomeMy WebLinkAboutOrdinance 17723-08-2007Ordinance No. 17723-08-2007 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $4,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 12 (CHAPEL HILL); 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 $4,000 from available funds for the purpose of funding improvements and services in Public Improvement District No. 12 (Chapel Hill). 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APP VED AS~TO~FORM AND LEGALITY: Assistant City Attorney ADOPTED AND EFFECTIVE: August 21, 2007 City of Fort Worth FIVE YEAR SERVICE PLAN Public Improvement District #12 -Chapel Hill FY07/08 FY08/09 REVENUE Assessment Revenues 48,000 65,000 City Payment in-lieu of Services 4,000 6,000 Chapel Hill Venture LLLP Subsidy 12,000 12,500 Total Revenues 64,000 83,500 FY09/10 FY10/11 FY11/12 EXPENSES Operations Utilities Landscape Maintenance Program Communications/Newsletters Marketing Social Programs/Holiday Lighting Capital Improvements Replacements Insurance Annual Review City Administration 5,000 5,600 2,650 3,100 43,750 58,900 - 500 1,000 1,000 1,000 1,750 500 1, 000 2,500 3,000 5,000 6,000 600 650 2,000 2,000 Total Expenses 64,000 83,500 90 , 000 115, 000 140, 000 8,000 10,000 12,000 19,050 20,475 3,600 117,050 145,475 155,600 6,900 8,200 8,700 3,650 4,100 4,800 86,500 104,100 116,200 500 500 1,000 1,250 1,500 2,000 3,500 3,250 4,000 2,000 10,000 3,500 3,500 4,000 5,000 6,500 7,000 7,500 750 825 900 2,000 2,000 2,000 117,050 ~ 145,475 155,600 City ®f ®rt VI/orth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 8/21/2007 -Ord. No. 17723-08-2007 DATE: Tuesday, August 21, 2007 LOG NAME: 13PID12PUBHEAR REFERENCE NO.: G-15842 SUBJECT: Approve Fiscal Year 2007-08 Budget and Five-Year Service Plan for Fort Worth Public Improvement District No.12 (CHAPEL HILL); Authorize Transfer of City's Payment In-Lieu of Services; Adopt Related Appropriation Ordinance; Adopt Proposed 2007 Assessment Roll; Set Benefit Hearing; Authorize Transfer for Administrative Fees; and Authorize Execution of a Contract with Community Management Associates, Inc., to Provide Management Services for the District 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.12 (Chapel Hill) (PID 12) 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 12 and approve adding to the FY2007-08 budget, as contingency, any unencumbered revenues from the PID 12 assessments from prior years; 3. Authorize the transfer of $4,000 for the City's payment in-lieu of services from the General Fund to the Special Assessment District Fund, PID 12 (FY2007-08 Project account); 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $4,000 in the Special Assessment District Fund (PID 12, FY2007-08 Project account) from available funds; 5. Adopt the proposed 2007 assessment roll for PID 12; 6. Set a public Benefit Hearing for Tuesday, September 11, 2007, at 7:00 p.m. in the City Council Chamber; 7. Authorize the transfer of $2,000 for administrative fees from the Special Assessment District Fund PID 12 (FY2007-08 Project account) to the General Fund; and 8. Authorize the City Manager to execute a contract with Community Management Associates, Inc., to provide management and improvement services for PID 12 during FY2007-08 for the sum of $64,000. DISCUSSION: On March 23, 2004, (M&C G-14312) the City Council established Fort Worth Public Improvement District No.12 (PID 12). State law requires an annual report on the proposed budget and five-year service plan for a PID, which is attached to this Mayor and Communication. Logname: 13PID12PUBHEAR. Page 1 of 2 The general nature of the proposed improvements and/or services to be provided by the PID shall include: • An improvement district landscaping, construction and maintenance program consisting of the planting and maintenance of special supplemental landscaping, the maintenance of supplemental irrigation systems and park, lake and fountain maintenance; • Public Events program consisting of recreational activities, special events and holiday lighting; • Special fencing in and along boulevards, parks and open spaces; and • An improvement district management program to provide for the administration, management and operation of the district. Two line items listed on the five-year service plan, which requires transfer of City funds are City Payment In- lieu of Services 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; and 2. On July 27, 2004, (M&C G-14443) the City Council adopted guidelines for setting an Administration 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 12 is located in COUNCIL DISTRICT 7. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that upon approval and completion of the above recommendations, funds will be available in the FY2007-08 operating budget, as appropriated, of the Special Assessment District Fund. TO Fund/i4ccountJCenters FROM Fund/Account/Centers GS87 472001 002512003000 4 000.00 GG01 538070 0905800 4 000.00 GG01 481306 0134010 2 000.00 GS87 539120 002512003000 2 000.00 GS87 539120 002512003000 4 000.00 GS87 539120 002512003000 $64,000.00 Submitted for City Manager's Office by: Karen Montgomery (6222) Originating Department Head: Lena Ellis (8517) Additional Information Contact: Becky Wood (8550) Logname: 13PID12PUBHEAR. Page 2 of 2