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Home My WebLink AboutOrdinance 24371-08-2020 Ordinance No. 24371-08-2020 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE AMOUNT OF $4,178,453.00, IN THE FISCAL YEAR 2020-2021 TOURISM PID FUND, FROM AVAILABLE FUNDS, (CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR SUCH FISCAL YEAR), FOR THE PURPOSE OF PROVIDING IMPROVEMENTS, SERVICES, AND MANAGEMENT OVERSIGHT FOR PUBLIC IMPROVEMENT DISTRICT 18 - TOURISM; 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 2020-2021 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the amount of$4,178,453.00 in the Fiscal year 2020-2021 Tourism PID Fund, from available funds, (contingent upon the adoption of the ordinance levying special assessments for such fiscal year), for the purpose of providing improvements, services, and management oversight for Public Improvement District 18-Tourism. 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 of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2020, and ending September 30,2021,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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 FORM AND LEGALITY: CITY SECRETARY Ty er Wallxh(Auk 27,20J01 7;16 CDT': Tyler F.Wallach, Assistant City Attorney Mary J. Kayser FORT ADOPTED AND EFFECTIVE:August 25,2020 A./0", IL;' *JP U 2 �L`XP►S City of Fort Worth Seven Year Service Plan Public Improvement District No.18-Tourism FY 20/21 FY21122 FY22123 FY23124 FY24/25 REVENUES PID Assessments $ 4,178,453 $ 4,746,249 $ 5,102,218 $ 5,408,351 $ 5,678,769 EXPENSES Incentives&Sales Efforts $ 1.855,554 $ 2,111,062 $ 2,271,249 $ 2,409.008 $ 2,530,696 Marketing and Research(Promotion/Advertising) 1,443,208 1,641.937 1,766.526 1,873,673 1,968,319 Site Visits&Familiarization Tours 309,259 351,844 378,541 401,501 421,783 Cultural Enhancements through Marketing and promotion of the Arts 309,259 351,844 378,541 401,501 421,783 Operations&Administration 206,173 234,562 252,361 267,668 281,188 City Administrative Fee 55,000 55,000 55,000 55,000 55,000 Total Budgeted Expenses $ 4,178,463 $ 4,746.249 $ 5,102,218 $ 6,408,361 $ 5,678,769 Net Change in Fund Balance $ - $ - $ $ - $ Estimated Fund Balance,Beginning of Year 2,236,747 2,236,747 2,236,747 2,236,747 2,236,747 Estimated Fund Balance,End of Year 2,236,747 2,236,747 2,236,747 2,236,747 2,236,747 Reserve Requirement 618,992 696,409 791,042 850,370 901,392 Over(Under)Reserve $ 1,617,755 $ 1,540,338 $ 1,446,706 $ 1,386,377 $ 1,336,365 Tourism P1D Hotels Account Name Address City,State,Zip RMS AC Hotel Fort Worth-Downtown 610 Main St Fort Worth,TX 76102 252 Aloft Downtown Fort Worth 300 Throckmorton Fort Worth,TX 76102 180 American Airlines Training and Conference Center 4601 State Hwy 360 Fort Worth,TX 76155 299 Autograph Collection Downtown Fort Worth 512 Main St. Fort Worth,TX 76102 165 Budget Suites of America-Fossil Creek 3500 NE Loop 820 Fort Worth,TX 76137 366 Candlewood Suites-DFW South 4200 Reggis Drive Fort Worth,TX 76155 174 Courtyard by Marriott-Alliance 3001 Amador Dr. Fort Worth,TX 76177 127 Courtyard by Marriott-Blackstone 609 Main Street Fort Worth,TX 76102 203 Courtyard by Marriott-Fossil Creek 3751 NE Loop 820 Fort Worth,TX 76137 154 Courtyard by Marriott-Stockyards 2537 Main St. Fort Worth,TX 76164 124 Courtyard by Marriott-University Drive 3150 Riverfront Fort Worth,TX 76107 130 Courtyard by Marriott-West at Cityview 6400 Overton Ridge Boulevard Fort Worth,TX 76132 104 Crossland Economy Studios-Fossil Creek 3860 Tanacross Fort Worth,TX 76137 124 Dalworth Inn 812 E.Felix Street Fort Worth,TX 76115 120 DFW Airport Marriott South 4151 Centreport Boulevard Fort Worth,TX 76155 295 DFW Marriott Hotel and Golf Club at Champions Circle 3300 Championship Pkwy Fort Worth,TX 76177 286 Embassy Suites Hotel-Downtown Fort Worth 600 Commerce Street Fort Worth,TX 76102 156 Extended Stay America-City View 5065 Bryant Irvin Rd Fort Worth,TX 76132 104 Fairfield Inn&Suites Downtown 1010 Houston Fort Worth,TX 76102 110 Fairfield Inn&Suites Fossil Creek 3701 NE Loop 820 Fort Worth,TX 76137 106 Hampton Inn and Suites- West/1-30 2700 Green Oaks Fort Worth,TX 76177 105 Hampton Inn and Suites-DFW South 4201 Reggis Court Fort Worth,TX 76155 116 Hampton Inn and Suites Downtown Fort Worth 1001 Commerce St. Fort Worth,TX 76102 245 Hawthorn Suites-University 1701 South University Drive Fort Worth,TX 76107 120 Hilton Fort Worth 815 Main Street Fort Worth,TX 76102 294 Hilton Garden Inn-Fort Worth Alliance Airport 2600 Westport Parkway Fort Worth,TX 76177 127 Hilton Garden Inn-Medical Center 912 Northton Street Fort Worth,TX 76104 157 Holiday Inn-DFW Airport South 14320 Centre Station Road Fort Worth,TX 76155 143 Holiday Inn Express-Downtown 1111 W Lancaster Fort Worth,TX 76102 132 Holiday Inn North-Fossil Creek 4635 Gemini Place Fort Worth,TX 76106 126 Homewood Suites-Fossil Creek 3701 Tanacross Fort Worth,TX 76137 137 Homewood Suites-Medical Center 2200 Charlie Lane Fort Worth,TX 76104 157 Hyatt Place-Alliance Town Center 3201 Alliance Town Center Fort Worth,TX 76177 130 Hyatt Place-Cityview 5900 Cityview Street Fort Worth,TX 76132 127 Hyatt Place-Stockyards 132 E Exchange FortWorth,TX 76164 100 Hyatt Place-TCU 2500 West Berry Street Fort Worth,TX 76109 127 Kimpton Hotel 714 Main St Fort Worth,TX 76102 232 La Quinta Inn and Suites-Fort Worth North 2501 Polaris Dr Fort Worth,TX 76137 133 La Quinta Inn and Suites-Southwest 6100 Overton Ridge Fort Worth,TX 76132 128 Omni Fort Worth Hotel 1300 Houston Fort Worth,TX 76102 614 Quality Inn and Suites-Cattle Baron 2700 S Cherry Lane Fort Worth,TX 76116 109 Radisson-Fort Worth South Hotel 100 Alta Mesa East Fort Worth,TX 76134 247 Radisson Hotel-Fort Worth Fossil Creek 2540 Meacham Street Fort Worth,TX 76106 247 Residence Inn-Alliance Airport 13400 North Freeway Fort Worth,TX 76177 111 Residence Inn-Cultural District 2500 Museum Way Fort Worth,TX 76177 150 Residence Inn-Fossil Creek 5801 Sandshell Drive Fort Worth,TX 76137 114 Sheraton Fort Worth Hotel and Spa 1601 Commerce Street Fort Worth,TX 76102 429 SpringHill Suites by Marriott-Stockyards 2315 N Main St Fort Worth,TX 76164 170 SpringHill Suites by Marriott-University 3250 Lovell Street Fort Worth,TX 76107 145 Stay Express Hotel Fort Worth 2000 Beach Street Fort Worth,TX 76111 168 TownePlace Suites Downtown 801 E Belknap Fort Worth,TX 76102 140 TownePlace Suites University 3450 W Vickery Fort Worth,TX 76107 128 WoodSpring Suites Fort Worth 3501 NE Loop 820 Fort Worth,TX 76137 121 Worthington Renaissance Hotel 200 Main Street Fort Worth,TX 76102 504 City of Fort Worth,Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0577 LOG NAME: 13FMS PID18FY21 SUBJECT (ALL)Conduct Public Benefit Hearing for the Fort Worth Public Improvement District No. 18-Tourism,Approve Fiscal Year 2020-2021 Budget in the Amount of$4,178,453.00 and Seven-Year Service Plan,Approve Assessment Roll,Adopt Ordinance Levying Special Assessments for Fiscal Year 2021,and Adopt Appropriation Ordinance (PUBLIC HEARING-a. Report of City Staff:Anthony Rousseau;b.Public Comment;c.Council Action:Close Public Hearing and Act on M&Cl RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on property located in the Fort Worth Public Improvement District 18-Tourism for Fiscal Year 2020-2021; 2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$4,178,453.00 and Seven-Year Service Plan for the Fort Worth Public Improvement District 18-Tourism; 3. Approve the Assessment Roll for the Fort Worth Public Improvement District 18-Tourism,on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on property located in the Fort Worth Public Improvement District 18-Tourism for Fiscal Year 2020-2021;and 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#18-Tourism Fund for Fiscal Year 2020-2021 in the amount of$4,178,453.00 from available funds. DISCUSSION: On August 29,2017,the City Council adopted Resolution No.4837-08-2017,establishing the Fort Worth Public Improvement District 18-Tourism (Tourism PID) On August 18,the City Council adopted a Resolution to expand the boundaries of the Tourism PID to include five(5)additional hotels(M&C 20-0551). The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2020-2021 budget and seven-year service plan for the Tourism PID,and the proposed assessments to be levied on each property in the Tourism PID for the 2020 tax year.Following the public hearing,it is recommended that the City Council take the following actions:(a)approve the attached budget and seven-year service plan, (b)approve the 2020 assessment roll;and(c)adopt the attached ordinances levying the proposed assessments and appropriating funds. The improvements and services to be provided in the Tourism PID during Fiscal Year 2021 and the associated costs thereof are as follows: Fiscal Year 2021 Budget Total Budgeted Improvements Costs Incentive&Sales Efforts $1,855,554.00 Marketing and Research $ 1,443,208.00 Site Visits&F_amiliarization Tours $309,259.00 Cultural Enhancements through Marketing and promotion of the Arts $309,259.00 Operations&Administration $206,173.00 City Administrative Fee _ J $55,000.00 Total Expenses $4,178,453.00 The total budgeted costs of the improvements and services are$4,178,453.00,all of which will be funded by the owners/operators of Tourism PID hotels with 100 or more rooms paying a special assessment at a rate of two percent of revenues they receive from a hotel room.The ownerstoperators may seek reimbursement in an amount equal to the special assessment from hotel guests,with such reimbursement being a mandatory charge that is subject to state and local hotel tax. Due to the steep drop in hotel occupancy rates as a result of the COVID-19 situation,City staff,the Fort Worth Tourism Public Improvement District Corporation(FWTPIDC),and the Fort Worth Convention and Visitors Bureau(FWCVB)have identified the need to decrease the Tourism PID Assessment revenue equal to 18%,or$937,425.00,over the Fiscal Year 2019-2020 budget. On August 18,2020,the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2020-2021 Budget,seven- year service plan,and 2020 assessments for the Tourism PID(M&C 13FMS PID18FY21 BENEFIT).Notice of the August 18,2020, benefit hearing and this hearing were published in the Fort Worth Star-Telegram on August 2,2020,and mailed to all hotel owners/operators on record in the Tourism PID on July 31,2020,in accordance with state law. In fiscal year 2018,the City entered into a contract with the FWTPIDC and the FWCVB to manage the operations of the Tourism PID.The term of this agreement is commensurate with the term of the Tourism PID;thus,the FWTPIDC and the FWCVB will continue to manage the operations of the Tourism PID for Fiscal Year 2020-2021. The Tourism PID properties are located in ALL COUNCIL DISTRICTS. A Form 1295 is not required because:This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2020-2021 Budget by the City Council,funds will be available in the Fiscal Year 2021 operating budget,as appropriated,of the FWPID#18-Tourism Fund. Prior to any expenditure being incurred,the Financial Management Services Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by: Jay Chapa 5804 Originating Business Unit Head: Reginald Zeno 8517 Additional Information Contact: Crystal Hinojosa 7808