HomeMy WebLinkAboutOrdinance 17764-09-2007Ordinance No. 17764-09-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $646,960 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 8 (CAMP BOWIE); 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 $646,960 from available funds for the purpose of funding
improvements and services in Public Improvement District No. 8 (Camp Bowie).
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hereby expressly repealed.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 Attorn
ADOPTED AND EFFECTIVE: September 11, 2007
City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District #8 -Camp Bowie
REVENUE
Assessment Revenues
Prior Year Assessments
Total Revenues
EXPENSES
Operations
Capital Improvements:
Concrete Removal
Landscape Implementation/Maintenance
Water Pump Truck
Marketing Campaign
Special Events
Security
Traffic Reconstruction
Joint Venture Grant
Development Standards
Decorative Street Light Upgrade
PID Renewal
City Administration
Total Expenses
BALANCE
FY07/08 FY08/09 FY09/10 FY10/11 FY11/12
348,012 377,000 400,000 440,000 470,000
587,228 288,280 232,740 161,150 192,350
935,240 665,280 632,740 601,150 662,350
155, 000 160, 000 165, 000 170, 000 175, 000
15,000 15,000 15,000 - -
50,000 50,000 50,000 50,000 50,000
10,000 15, 000 10, 000 10 , 000 10, 000
60,000 60,000 60,000 60,000 60,000
70,000 60,000 60,000 60,000 60,000
40,000 40,000 50,000 50,000 60,000
20,000 - - - -
- - 53,590 - -
- 25,000 - - -
200,000 - - - -
20,000 - - - -
6,960 7,540 8,000 8,800 9,400
646,960 432,540 471,590 408,800 424,400
288,280 232,740 161,150 192,350 237,950
~ify of Fob VI/orth9 `Texas
Mayor and Council Communication
__ d
COUNCIL ACTION: Approved on 9/11/2007 -Ord. No. 17763-09-2007 & 17764-09-2007
DATE: Tuesday, September 11, 2007
LOG NAME: 13PID8BEN07-08 REFERENCE NO.: BH-234
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District 8 (Camp Bowie) 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 8 (PID 8) for Fiscal Year 2007-08;
2. Adopt the attached ordinance which levies the proposed assessments for PID 8 for Fiscal Year 2007-08;
and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$646,960.00 in the Special Assessment District Fund PID 8 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 8, 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-15840) 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 8
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:
Improvements
1) Marketing/Special Events
2) Capital Improvements
3) Security
4) Operations
5) PID Renewal
6) Traffic Reconstruction
7) Street Light Upgrade
8) City Administration
Total Budgeted Costs
$130,000.00
$75, 000.00
$40,000.00
$155,000.00
$20,000.00
$20,000.00
$200,000.00
6 960.00
Logname: 13PID8BEN07-08
Page 1 of 2
Total
$646,960.00
The total budgeted costs of the improvements and services are $646,960.00. Of this amount, $348,012.00
will be funded by assessments collected on privately owned parcels located in the district by applying a
rate of $0.10 cents to each $100.00 of the value of such property. The remainder of the costs,
$298,948.00 will be funded by prior year assessments carried forward to fiscal year 2007-
2008. (Note: The remaining estimated fund balance of $288,280.00 is planned for future development
standards projects and grant matching street projects).
Based on the appraised value of the properly and considering the benefits to be received from the
proposed improvements and services, 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 8 is commonly known as the "Camp Bowie" PID and is located in COUNCIL DISTRICTS 3 and 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/AccountlCenters FROM Fund/Account/Centers
GS87 488342 002508002000 $646.960.00
GS87 539120 002508002000 $646,960.00
Submitted for City Manager's Office by: Karen Montgomery (6222)
Or_ginatin~ Department Head: Lena Ellis (8517)
Additional Information Contact: Becky Wood (8550)
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