HomeMy WebLinkAboutIR 10460 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 20-10460
To the Mayor and Members of the City Council August 11, 2020
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* rn SUBJECT: UPDATE ON EXPANSION OF FORT WORTH PUBLIC
1875 IMPROVEMENT DISTRICT#18 - TOURISM EXPANSION
This Informal Report provides information to the Mayor and City Council on the proposed expansion
of Fort Worth Public Improvement District #18 —Tourism (Tourism PID), which is on the August 18,
2020 agenda for your consideration.
Background Information
A Public Improvement District is a defined geographical area established to provide specific types
of improvements or maintenance which are financed by assessments against the property owners
within the area. The current boundaries of the Tourism PID consist of noncontiguous areas
consisting solely of hotel properties with 100 or more rooms ordinarily used for sleeping within the
City of Fort Worth.
The City of Fort Worth Department of Financial Management Services (FMS) administers the City's
Public Improvement Districts (PIDs) in accordance with Chapter 372 of the Texas Local
Government Code ("Code"). The Tourism PID's management companies, Fort Worth Tourism
Public Improvement District Corporation (FWTPIDC) and Visit Fort Worth, have requested the
inclusion of five (5) additional hotels into the Tourism PID. FMS has proactively worked with
FWTPIDC and Visit Fort Worth and the City's Legal Department to complete all necessary steps to
expand the boundaries of the Tourism PID to include the additional five (5) hotels.
Section 372.0121 of the Code allows the City Council to include additional properties in the Tourism
PID if (i) the property is a hotel and (ii) the property could have been included in the Tourism PID
without violating Section 372.005(b-1) of the Code when the Tourism PID was created, regardless
of whether the record owners of the property signed the original petition.
Additional Hotels
The hotel properties to be included within the expanded boundaries of the Tourism PID are:
• Hyatt Place Fort Worth, TCU, 2500 West Berry Street, Fort Worth, Texas 76109;
• Kimpton Hotel, 714 Main Street, Fort Worth, Texas 76102;
• AC Hotel Fort Worth Downtown, 101 West 51" Street/610 Main St., Fort Worth, Texas 76102;
• OGC Main Street, Spring Hill Suites, 2315 N. Main Street, Fort Worth, Texas 76164; and
• Moon Hotel Alliance, Hyatt Place, 3201 Alliance Town Center, Fort Worth, Texas 76177
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 20-10460
To the Mayor and Members of the City Council August 11, 2020
° ram° Page 2 of 2
s
* rn SUBJECT: UPDATE ON EXPANSION OF FORT WORTH PUBLIC
1875 IMPROVEMENT DISTRICT#18 - TOURISM EXPANSION
Pursuant to Section 372.009 of the Act, the process to vet the petitioners and include the additional
hotels is as follows:
• The petition has been filed in the office of the City Secretary for public inspection.
• The properties have been qualified to be added to the Tourism PID pursuant to Section
372.0121 of the Code, meeting the established elements of the Code as described in
paragraph 3 above.
• Verification that the signors are the owners or duly authorized representatives, and
confirmation of square footage and values as recorded by the Tarrant Appraisal District.
• Verification that the petition complies with the established required percentages of the
appraised value and area of taxable real property liable for assessment.
• A public hearing will be held on August 18, 2020 to consider the sufficiency of the petition to
include the additional five (5) hotels within the expanded boundary of the Tourism PID and
ensure the petition meets the requirements set forth in the Code.
• Notice of the public hearing was published on August 2, 2020 in the Fort Worth Star-
Telegram and mailed to all record owners of property in the Tourism PID liable for
assessment on July 31, 2020.
• The Tourism PID's Fiscal Year 2020-2021 Budget and Five-Year Service Plan, which
include the new hotel properties, is scheduled for review by City Council on August 18, 2020,
and final consideration on August 25, 2020.
Proposed Improvements and Services
The general nature of the proposed improvements and services to be provided within the expanded
boundaries of the Tourism PID, include, without limitation, marketing, business recruitment, and
promotional activities.
If you have any questions, please call Reginald Zeno, Director of Financial Management Services
/ Chief Financial Officer, at 817-392-8500.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS