HomeMy WebLinkAboutOrdinance 17759-09-2007Ordinance No.17759-09-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $1,281,565 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 6 (PARK GLEN); 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 $1,281,565 from available funds for the purpose of
funding improvements and services in Public Improvement District No. 6 (Park Glen).
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hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 11, 2007
PUBLIC IMPROVEMENT DISTRICT # 6
PROPOSED FIVE YEAR SERVICE PLAN
REVENUES
Assessment Revenues
City Payment In-lieu of Service
Prior Years' Assessments
Total Revenues
EXPENSES
Operations
Water
Electric/Maintenance
Irrigation
Landscape/Tree Maintenance
Trash Removal
Fence Maintenance
Holiday Lighting
Security Patrols
Communications
Public Events
Capital Improvements
Replacements
Insurance
Contingency
Annual Review
City Administration
FY 07/08 FY 08109 FY 09/10 FY 10/11 FY 11112
Budget Budget Budget Budget Budget
1,143,462 1,146,605 1,158,071 1,169,651 1,181,348
138,103 140,864 143,681 146,555 149,486
1,281,565 1,287,469 1,301,752 1,316,206 1,330,834
101,170 103,193 105,258 107,363 109,518
199,000 202,980 213,129 223,785 234,975
20,576 20,968 21,372 21,788 22,217
47,772 48,727 49,702 50,696 51,710
544,569 554,560 558,751 560,146 563,002
15, 911 16, 229 16, 554 16, 885 17,222
68,000 68,927 68,927 68,927 68,927
15, 000 15, 000 15, 000 15, 000 15, 000
113,558 119,235 125,197 131,457 135,401
8,952 9,030 9,109 9,189 9,349
15,150 15, 302 15,456 15, 611 15, 923
59,927 45,000 39,000 30,000 22,000
10, 000 10, 000 10, 000 10, 000 10, 000
17,257 17,603 17,955 18, 314 18,680
20,222 16,117 11,483 11,920 11,517
1,632 1,665 1,698 1,732 1,767
22,869 22,932 23,161 23,393 23,627
Total Expenses 1,281,565 1,287,469 1,301,752 1,316,206 1,330,834
City of Ford ~/orth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/11/2007 -Ord. No. 17758-09-2007 & 17759-09-2007
DATE: Tuesday, September 11, 2007
LOG NAME: 13PID6BEN07-08 REFERENCE NO.: BH-232
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District 6 (Park Glen) Concerning Proposed
Property Assessments; Adoption of Ordinance Levying Assessments for Fiscal Year 2007-08; and
Adoption of Appropriation Ordinance to Increase Estimated Receipts in the Special District Fund
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a benefit hearing concerning the proposed property assessments for Fort Worth Public
Improvement District 6 (PID 6) for Fiscal Year 2007-08;
2. Adopt the attached ordinance which levies the proposed assessments for PID 6 for Fiscal Year 2007-08;
and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$1,281,565.00 in the Special Assessment District Fund PID 6 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 PID 6, 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-15838) 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 6
during the Fiscal Year 2007-08, adopted the proposed 2007 assessment roll and provided notice of this
benefit hearing.
Based upon the five year service plan budget the current and projected revenues will fund the following:
Improvement
1) Maintenance & Landscaping
2) Security Patrols
3) City Administration (2% of budgeted assessments)
4) Capital Improvements
5) Contingency
6) Public Events
7) Holiday Lighting
Total Budgeted Costs
$905,828.00
$113,558.00
$22, 869.00
$59, 927.00
$20,222.00
$15,150.00
$15,000.00
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8) Communications
9) Operating Expenses
10) Annual Review
11) Insurance
Total Expenditures
$8,952.00
$101,170.00
$1,632.00
$17.257.00
$1,281, 565.00
In accordance with the five year service plan budget, the total budgeted costs of the improvements and
services are $1,281,565.00. Of this amount, $1,143,462.00 will be funded by assessments collected on
privately owned parcels located in the district by applying a rate of $0.175 cents to each $100.00 of
property value for residential property and $.035 cents for commercial property. (Note: Assessment rate is
the same as last year.) The remainder of the costs, $138,103.00 will be funded by a direct payment from
the City for payment in lieu of services, which was appropriated from the General Fund by City Council
action on August 21, 2007, (M&C G-15838).
Based on the appraised value of the property, and considering the benefits to be received from the
proposed improvements, it is the opinion of 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 6 is commonly known as the "Park Glen" PID and is located in COUNCIL DISTRICT 4. A map and
budget are attached.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon adoption of the attached ordinances, funds will be available in the
Fiscal Year 2007-08 operating budget, as appropriated, of the Special Assessment District Fund.
TO Fund/AccountlCenters FROM Fund/Account/Centers
GS87 488342 002506002000 $1.281.565.00
GS87 539120 002506002000 $1.281.565.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Karen Montgomery (6222)
Lena H. Ellis (8517)
Becky Wood (8550)
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