HomeMy WebLinkAboutOrdinance 17755-09-2007Ordinance No. 17755-09-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $64,000 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 $64,000 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hereby expressly repealed.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 VEDAS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 11, 2007
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City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District #12 -Chapel Hill
FY07/08 FY08/09 FY09/10 FY10/11 FY11/12
REVENUE
Assessment Revenues 48,000 65,000 90,000 115,000 140,000
City Payment in-lieu of Services 4,000 6,000 8,000 10,000 12,000
Chapel Hill Venture LLLP Subsidy 12,000 12,500 19,050 20,475 3,600
Total Revenues 64,000 83,500 117,050 145,475 155,600
EXPENSES
Operations 5,000 5,600 6,900 8,200 8,700
Utilities 2,650 3,100 3,650 4,100 4,800
Landscape Maintenance Program 43,750 58,900 86,500 104,100 116,200
Communications/Newsletters - 500 500 500 1,000
Marketing 1,000 1,000 1,250 1,500 2,000
Social Programs/Holiday Lighting 1,000 1,750 3,500 3,250 4,000
Capitallmprovements 500 1,000 2,000 10,000 3,500
Replacements 2,500 3,000 3,500 4,000 5,000
Insurance 5,000 6,000 6,500 7,000 7,500
Annual Audit Review 600 650 750 825 900
City Administration 2,000 2,000 2,000 2,000 2,000
Total Expenses 64,000 83,500 117,050 145,475 155,600
City ®f F®r~ W®rfh, 7"exas
Mayor and Council Communication
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COUNCIL ACTION: Approved on 9/11/2007 -Ord. No. 17754-09-2007 & 17755-09-2007
DATE: Tuesday, September 11, 2007
LOG NAME: 13PID12BEN07-08 REFERENCE NO.: BH-230
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District 12 (Chapel Hill) Concerning Proposed
Property Assessments; Adoption of Ordinance Levying Assessments for Fiscal Year 2007-08 and
Adoption of Appropriation Ordinance Allocating Estimated Receipts to the District
RECOMMENDATION:
It is .recommended that the City Council:
1. Hold a benefit hearing concerning the proposed property assessments for Fort Worth Public
Improvement District 12 (PID 12) for Fiscal Year 2007-08;
2. Adopt the attached ordinance which levies the proposed assessments for PID 12 for Fiscal Year 2007-
08; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$64,000.00 in the Special Assessment District Fund PID 12 Project account from available funds.
DISCUSSION:
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2007-
08 proposed assessments to be levied on each property in Fort Worth PID 12, to adopt an ordinance
levying the proposed assessments and to adopt an appropriation ordinance allocating estimated receipts
to the District.
On August 21, 2007, (M&C G-15842) the City Council approved the Fiscal Year 2007-08 budget and five-
year service plan (attached), directed that certain improvements and/or services be provided in PID 12
during the Fiscal Year 2007-08, adopted the proposed 2007 assessment roll and provided notice of this
benefit hearing.
The improvements and services to be provided and the costs thereof are:
Improvements
1) Grounds Maintenance Program
2) Operations
3) Utilities
4) Communications/Newsletters
5) Marketing
6) Social Programs/Holiday Lighting
7) Capital Improvements
Total Budgeted Costs
$43,750.00
$5,000.00
$2,650.00
$1,000.00
$1,000.00
$500.00
Logname: 13PID12BEN07-08 Page 1 of 2
8) Replacements $2,500.00
9) Insurance $5,000.00
10) Annual Audit $600.00
11) City Administration (2% of budgeted assessments) 2 000.00
Total $64,000.00
The total budgeted costs of the improvements are $64,000.00. Of this amount, $48,000.00 will be funded
by assessments collected on privately owned parcels located in the district by applying a rate of $0.19
cents to each $100.00 of property value for residential and commercial property. (Note: First year
assessments will be collected for this PID.)
The remainder of the costs, $16,000.00 will be funded by other revenue sources, including:
$4,000.00 in a direct payment from the City for payment in lieu of services (appropriated from
the General Fund by City Council action on August 21, 2007, M&C G-15842); and
$12,000.00 paid by the Chapel Hill Venture ~~LP subsidy.
Based on the appraised value of the property and considering the benefits to be received from the
proposed improvements, it is the opinion of the City staff that an amount equal to or more than the
proposed assessments, upon completion of the improvements in accordance with the contract, will
enhance each parcel of property in value.
PID 12 is commonly known as the "Chapel Hill" PID and is located in COUNCIL DISTRICT 7. A map and
budget are attached.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon adoption of the attached ordinances, funds required for this
expenditure will be available in the Fiscal Year 2007-08 operating budget, as appropriated, of the Special
Assessment District Fund.
TO Fund/Account/Centers FROM Fund/Account/Centers
GS87 488342 002512002000 $64,000.00
GS87 539120 002512002000 $64,000.00
Submitted for City Manager's Office by: Karen Montgomery (6222)
Originating Department Head: Lena H. Ellis (8517)
Additional Information Contact: Becky Wood (8550)
Logname: 13PID12BEN07-08 Page 2 of 2