HomeMy WebLinkAboutOrdinance 20355-09-2012Ordinance No. 20355-09-2012
AN ORDINANCE INCREASING TILE, ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE AMOUNT OF
$35,850.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF
THE ORDINANCE LEVYING ASSESSMENTS, FOR THE PURPOSE OF
ADMINISTRATIVE FEES FOR THE PUBLIC IMPROVEMENT DISTRICT I DURING
FISCAL YEAR 2012-2013; PROVIDING FOR A SEVERA131LITY CLAUSE; 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 2012-2013 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in the amount of $35,850.00, from available funds, contingent upon the adoption of the
ordinance levying assessments, for the purpose of administrative fees for the Public Improvement District I
during Fiscal Year 2012-2013.
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, 2012, and ending
September 30, 2013, 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hereby expressly repealed.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:
hAA M(;
Assistant Cit Attorney
ADOPTED AND EFFECTIVE: September 11, 2012
City of Fort Worth
Budget and Five Year Service Plan
Public Improvement District No. 1 -DOVVNTOWN
nnunm
FY13n4
Fv14n5
rr15n6
FY 16/17
REVENUES
p|oAssesmmo^ts
1.600.597
1,681,864
1.790.738
1,892,320
2'015.353
COpW Assessments
1e1,858
194,255
205.140
e10,000
21*.200
City Pay. in-lieu mService
138,498
142,065
1+1.090
146,970
1*e.900
p|o Generated Revenue
12e.588
130.100
132,000
133.000
134'000
Prior Year's Assessment
nuonar
379,843
275.581
232,896
u*o'oun
Total Revenues
$ u.00u'sru
$ 2.528.127
$ 2.547.54e
$ 2.615.186
$ 2,756,773
EXPENSES
Management Fee (Admin.)
323,037
33e.350
311.315
349.821
onr.rm*
Water
1*.500
14.500
14500
15.000
15.500
Utilities
15.000
15.000
15.000
15.500
16.000
LunoocaperTre*maintenanma
nu'*sn
62,450
e2.450
67.532
6e.783
Trash Removal (other Maintenance)
1.105.280
1.115.880
1.135.817
1.160.087
1.181.389
Holiday ugm/oanvravuns(nepm/m)
10.000
15.000
15.000
15.000
15,000
Security Enhancement
78,850
78,380
80.369
80,816
81.272
Communication/Newsletters
20.000
20,200
20'200
20,200
20.200
Marketing (&Research)
313,250
314,471
342.e67
351.80*
363,929
Transportation &Planning
214.268
227,293
227.717
232,960
23e.340
Capital Improvements
'
-
2.500
2.500
o'000
Insurance
5.750
6,000
6.500
7,000
7,500
Annual review (xvwt)
10.50o
10.500
10.500
11.000
11.000
City Administrative Fee
35,850
37,522
39.918
4e.018
**.591
BudgetExpenses
$u.000.rus
$u.onu.o4V
$ 2.314.653
$ 2.371.866
$z.«zn.7so
Estimated Operating Reserve
379.843
275.581
caouno
243,320
331.01:
Total Expanses
$ 2.588.578
$ 2.528.127
$ 2.547.5*9
$ 2.615.186
$ 2.756.773
9TH'
�
��it�'��« Fort Worth, Texas
Mayor and Council Communication
DATE: Tuesday, September 11'2O12 REFERENCE NO.: BH-284
LOG NAME: 17P|OO1BENHEAR2012
Conduct a Public Benefit Hearing for Public Improvement District 1, Downtown PID, Concerning the
Proposed 2012-2013 Budget and Five-Year Service Plan and Proposed Assessment Roll, Adopt
Ordinance Levying Special Assessments for the 2012 Tax Year, Authorize Transfer in the Amount of
$138,498.00 from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu
of Services, Authorize Transfer in the Amount of $191,858.00 from the General Fund to the Spec/o/
Assessment District Fund for the City's Payment in Lieu of Assessment, Adopt Appropriation Ordinances to
Increase Estimated Receipts in the Special Assessment District Fund and Special Trust Fund for Fiscal
Year 2012-2013 and Authorize Execution of an Agreement with Downtown Fort Worth, Inc., to Manage the
District (COUNCIL DISTRICT 9)
It is recommended that the City Council:
1. Hold a public benefit hearing concerning the proposed apeoo| assessments on property located in
Public Improvement District 1, Downtown Public Improvement District for the 2012 tax year;
2. Approve the attached 2012'2013 Fiscal Year Budget and five-year service plan for the Downtown
Public Improvement District;
3. Adopt the attached ordinance levying special assessments on property located in the Downtown Public
Improvement District for the 2012 tax year;
4. Authorize the transfer in the amount of $138,498.00 from the General Fund to the Special Assessment
District Fund. PVN|C Improvement District 1 FiSC@| Year 2012-2013 Project Account for the City's payment
in-lieu of services;
5. Authorize the transfer in the amount of $1Q1.858.00 from the General Fund to the Special Assessment
District Fund. Public Improvement District 1 Fiscal Year 2012-2013 Project Account for the City's payment
in-lieu ofmsoessmen(s�
.
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Public Improvement District 1 Fiscal Year 2012-2013 Project Account of the Special Assessment District
Fund in the amount of$1,03O`Q53.UO from available funds;
7. Authorize the transfer in the amount n[$35.85O.0} for administrative fees from the Special Assessment
District Fund. Public Improvement District 1 Fiscal Year 2012-2013 Project Account to the Special Trust
Fund contingent upon the adoption of the proposed 2012 Assessment Roll;
Logname: 17PID0lBENHEAR2012 Pagel nf3
Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund in the amount of $35,850.00 from available funds; and
S. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., to provide management and
improvement services for the Downtown Public Improvement District during Fiscal Year 2012-2013 for the
sum iO the amount of$323,O37.00.
On June 23, 2009' (M&C C-23627) the City Council adopted Resolution No. 3758-08-2009 re-establishing
Fort Worth Public Improvement District 1 (Downtown P|D).
The purpose of this benefit hearing is to receive comments from the public regarding the 2012-2013 Fiscal
Year budget and five-year service plan for the P|[J and the proposed aoaeaarnenbS to be levied on each
property in the P|D for the 2012 tax year. Following the public hearing, it is recommended that the City
Council approve the attached budget and five-year service plan of the P|D, adopt the attached ordinance
levying the proposed assessments and adopt the appropriation ordinances allocating estimated receipts to
the Downtown P|[)'s fund.
On August 21'2O12.(M&C 131-1-277) the City Council conducted a public hearing to receive comments on
the proposed 2O12-2O13Fiscal Year budget and five-year service plan for the P|D.Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the DovvnbovvnP/D
in accordance with state |ovv.
The improvements and services to be provided in the PID during the 2012-2013 Fiscal Year and the costs
thereof are as follows:
Improvements
Total Budgeted
Costs
Management Fee (Admin.)-
$
323,037.00
Utilities
Landscape/Tree Maintenance
62,450.00
Trash Removal (other
'Mai-nte'n"an"ce),
$1,105,280.00
Holiday Lighting
Secur,ityEnhancement,
78,850.00
Comm u nications/Newslefters
20,000.00
Marketing (and Research)
313,250.00
�Transportation and Planning
$
214,268.00
[Insurance
$
5,750.0-0
jAnnual review (Audit)
10,500.60
City Admin strative Fee
35,850.00
�Budget Expenses
$2,208,735.00
: 17PlD0lUBNHEAR2012 Page of]
Totall Expenses $2,588,578.001
The total budgeted costs of the improvements are in the amount of $2,588,578.00. Of this amount,
$1,600,597.00 will be funded by assessments collected on privately owned parcels located in the PID by
applying a rate of $0.10 cents to each $100.00 of property value. The remainder of the costs, in the
amount of $987,981.00, will be funded by other revenue sources, including the amount of $191,858.00 in
direct payments from the City for payment in-lieu ofassessments; the amount Of$138'4Q8.00indirect
payments from the City for payment in-lieu of services; the amount of $129,588 in revenues generated by
PID activities-, and the amount of $528,037 from prior years' assessments and revenues.
The Downtown P|Ois located in COUNCIL DISTRICT 8.
FISCAL INFORMATION I CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recor-rimendations,,
and Upon the adoption of the Fiscal Year 2012-2013 budget by the City Council to include the above
recommended item(s), funds will be available in the Fiscal Year 2013 Operating Budgets, as appropriated,
of the Special Assessment District Fund, Special Trust Fund and General Fund.
CENTERS: FUND
TO Fund/Account/Centers
7)8) FE72 481306 017587001000
8) FE72 511010 017587001000
4)6) GS87 488010 002501002000
5)6) GS87 488010 002501002000
6) GS87 488342 002501002000
6) GS87 539120 002501002000
FROM Fund/Account/Centers
$35,850.00 7) GS87 539120 002501002000
$35,850.00 4) GG01 539120 0801000
$138,4980 5) GG01 539120 0801000
$191,858.00 9) GS87 539120 002501002000
��0,597]00
Submifted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
Jay Chapa (5804)
Sylvia Flores (8550)
Coy Gray (6203)
$35,85lM
$138,498.00
$191,858.00
$323,03T00