HomeMy WebLinkAboutOrdinance 20356-09-2012Ordinance No. 20356-09-2012
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT I FISCAL YEAR
2012-2013 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND
IN THE AMOUNT OF $1,930,953,00, FROM AVAILABLE FUNDS, CONTINGENT
UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS
FOR THE 2012 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT
AND IMPROVEMENT SERVICES FOR THE DOWNTOWN PUBLIC
IMPROVEMENT DISTRICT DURING FISCAL YEAR 2012-2013; PROVIDING FOR
A SEVERABILITY 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 Public
Improvement District I Fiscal Year 2012-2013 Project Account of the Special Assessment District Fund in
the amount of $1,930,953.00, from available funds, contingent upon the adoption of the ordinance levying
special assessments for the 2012 Tax Year, for the purpose of providing management and improvement
services for the Downtown Public Improvement District 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hereby expressly repealed.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
, S. TO FORM AND LEGALITY:
Xs
Assistant ty Atto
ADOPTED AND EFFECTIVE: September 11, 2012
City of Fort Worth
Budget and Five Year Service Plan
Public Improvement District No. 1 - DOWNTOWN
EXPENSES
Management Fee (Admin.)
FY12113
FY13/14
FY14115
FY15/16
FY 16/17
REVENUES
14,500
14,500
14,500
15,000
15,500
PID Assessments
1,600,597
1,681,864
1,790,738
1,892,320
2,015,353
COFW Assessments
191,858
194,255
205,140
210,000
214,200
City Pay. in -lieu of Service
138,498
142,065
144,090
146,970
149,900
PID Generated Revenue
129,588
130,100
132,000
133,000
134,000
Prior Year's Assessment
528,037
379,843
275,581
232,896
243,320
Total Revenues
$ 2,588,578
$ 2,528,127
$ 2,547,549
$ 2,615,186
$ 2,756,773
EXPENSES
Management Fee (Admin.)
323,037
335,350
341,315
349,821
357,754
Water
14,500
14,500
14,500
15,000
15,500
Utilities
15,000
15,000
15,000
15,500
16,000
Landscape/Tree Maintenance
62,450
62,450
62,450
67,532
69,783
Trash Removal (other Maintenance)
1,105,280
1,115,880
1,135,817
1,160,687
1,181,389
Holiday Light. /Decorations (Repairs)
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
342,867
351,804
363,929
Transportation & Planning
214,268
227,293
227,717
232,960
239,340
Capital Improvements
-
-
2,500
2,500
2,500
Insurance
5,750
6,000
6,500
7,000
7,500
Annual review (Audit)
10,500
10,500
10,500
11,000
11,000
City Administrative Fee
35,850
37,522
39,918
42,046
44,591
Budget Expenses
$ 2,208,735
$ 2,252,546 $
2,314,653
$ 2,371,866
$ 2,425,758
Estimated Operating Reserve
379,843
275,581
232,896
243,320
331,015
Total Expenses
$ 2,588,578
$ 2,528,127 $
2,547,549
$ 2,615,186
$ 2,756,773
City of Fort Worth, Texas
Mayor and Council Communication
DATE: Tuesday, September 11.2012 REFERENCE NO.: BH-284
LOG NAME: 17P|O01BENHEAR2012
SUBJECT:
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
S138.488DO from the General Fund tothe Special Assessment District Fund for the City's Payment inLieu
of Services, Authorize Transfer in the Amount cf $191.O58DO from the General Fund to the Special
Assessment District Fund for the City's Payment in Lieu of Assessment, Adopt Appropriation Ordinances to
|nomaana Estimated Receipts )n 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 homhDg concerning the proposed special oaaeaamanho on property located in
Public Improvement District 1, Downtown Public |nnpPOv8rnoOt District for the 2O12 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 t0 the Special Assessment
District Fund .Public Improvement District 1 Fiscal Year 2O12'2U13 Project AccVunifOrUh8Cih/apayment
in-lieu ofservices;
5. Authorize the transfer inthe amount of $191.858.00 from the General Fund bo the Special Assessment
District Fund. Public Improvement District 1 Fiscal Year 2012-2013 Project Account for the Cih/'s payment
in-lieu ofassassnnenbs�
.
O. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Public Improvement District 1 Fiscal Year 2012-2013 Project Account ofthe Special Assessment District
Fund in the amount of $1.930,Q53.00 from available funds;
7. Authorize the transfer inthe amount of$35.85O.U0 for administrative fees from the Special Assessment
District Fund. Public |nnpPJvOrn8nt District 1 Fiscal Year 2012-2013 Project Account to the Special Trust
Fund contingent upon the adoption of the proposed 2012 Assessment Roll;
Lognarne: 17F1D0l£8874fIBAR2012 Pagel of3
8. Adopt the attached appropriation ordinance increasing esUnnm&*d receipts and appropriations in the
Special Trust Fund inthe amount Of$35.85O.00 from available funds; and
9. Authorize the execution of an Agreement with Downtown Fort VVodh. Inc., to provide management and
improvement services for the Downtown Public Improvement District during Fiscal Year 2012-2013 for the
sum in the amount of$323.U37.00.
On June 23' 2008. (K8&C C-23627) the City Council adopted Resolution No. 3756-06-2009 re-establishing
Fort Worth Public Improvement District 1 (Downtown PID).
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|[] and the proposed assessments to be levied on each
property in the P|D for the 2012 tax year. FOUOvvin0 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 tV
the Downtown P|O'nfVnd.
On August 21. 2012. (K8&C BH-277) the City Council conducted a public hearing to receive comments on
the proposed 2012'2013 Flaom| Year budget and five-year service n|mn for the P|D. NOdo8 of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Downtown PID
in accordance with state |evv.
The improvements and services to be provided in the PID during the 2012-2013 Fiscal Year and the costs
thereof are as follows:
Improvements
Management Fee (Admin.)
ater
lUtilities
�Landscape/Tree Maintenance
Trash Removal (other
Total Budgeted
Costs
$ 323,037.00
$ 15,000.00
$1.105.280.00
8pOrtation and Planning
Insurance
nnual review (Audit)
City Administrative Fee
�Budget Expenses
Logname: Page 2of3
otaDExpenses
$2'588,578.00
The total budgeted costs of the improvements are in the amount of $2,588,578.00. Of this amount,
$1'GO0.597.00 will be funded by assessments collected mn privately owned parcels located in the P|Dbv
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 of assessments; the amount of $138,498.00 in direct
payments from the City for payment in-lieu of services; the amount of $129.5G8in revenues generated by
PID activities; and the amount of $528,037 from prior years' assessments and revenues.
The Downtown P|Oia located in COUNCIL DISTRICT g.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
and upon the adoption of the Fiscal Year 2012-2013 budget by the City Council to include the above
recommended item(a). funds will be available in the Fiscal Year 2013 Operating Budgets, aoappropriated,
of the Special Assessment District Fund, Special Trust Fund and General Fund.
CENTERS: FUND
TO Fund/Accou nt/C enters
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
$138,498.00 5) GG01 539120 0801000
$191,85&00 9) GS87 539120 002501002000
Submitted for City Manager's Office bV:
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
Jay Chapa (5804)
Sylvia Flores (8550)
Coy Gray (0203)
$35,850.00
$138,498.00
$191,858.00
$323,037.00
Lognazoe: 17PIDOlBBNllE&J{2012 Page 3of3