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HomeMy WebLinkAboutOrdinance 20364-09-2012Ordinance No. 20364-09-2012 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE AMOUNT OF $7,905.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING ASSESSMENTS, FOR THE PURPOSE OF ADMINISTRATIVE FEES FOR THE PUBLIC IMPROVEMENT DISTRICT 9 DURING FISCAL YEAR 2012-2013; PROVIDING FOR A SEVERABTLITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HERE-WITH; 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 201.2 -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 $7,905.00, from available tunds, contingent upon the adoption of the ordinance levying assessments, for the purpose of administrative fees for the Public Improvement District 8 during Fiscal Year 2012-2013. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative of 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 fit)] 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: _6 _tiomey Assistant Ci ADOPTED AND EFFECTIVE: September 11, 2012 City mf Fort Worth BUDGET AND FIVE YEAR SERVICE PLAN Public Improvement District No. 8 - CAMP BOWIE EXPENSES Management Fee Water Utilities Landscape Management Beautification Capital Improvements Economic Development Security Communivationm/Newo|e#em Marketing Public Events Insurance Annual Review (Audit) City Administrative Fee BudQetExpenses Estimated Operating Reserve 79,049 FY13113 FY13M4 FY1�15 FYI 5116 FY1OM7 REVENUES ------- -------- -------' ------- -------- P0Amsmommento 395.246 405.000 420.000 435'000 450.000 Prior Year's Assessment 215000 22,292 17,892 26,692 4.000 Total Revenues $ 610,246 $427,292 $437,892 $461,692 $488,892 EXPENSES Management Fee Water Utilities Landscape Management Beautification Capital Improvements Economic Development Security Communivationm/Newo|e#em Marketing Public Events Insurance Annual Review (Audit) City Administrative Fee BudQetExpenses Estimated Operating Reserve 79,049 80.000 9.000 8.500 800 900 38.000 38.000 80.200 43.000 120'0OO 22.000 20.000 20.000 20.000 10.000 8.000 82.000 75.000 100.000 88.000 4.000 4.000 15.000 15.000 7.005 8.000 $ 587,954 $409,400 22,292 17,892 82,000 10,000 1,000 38.000 20,000 20,000 8,000 75,000 80,000 4,000 15,000 ^^^^"°° 87,000 11,000 1'10O 38,000 90,000 12,000 1,200 30.000 60,000 20,000 20,000 8'000 75,000 80,000 4'O0O 15,000 0.000 Total Expenses $ 610,246 $427,292 $437,892 $461,692 $488,892 M&C Review Page of COUNCIL ACTION: Approved mn9K11/2O12~Ordinance Nos. 2D364-O9-2812.2O3@5-09-2012 & 20366-09-2012 DATE: 0/11/2012 REFERENCE BH-287 LOG NAME: 17P|D08BENHEAR2012 NO.: CODE: BH TYPE: NON- PUBLIC YES CONSENT HEARING: SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 8, Camp Bowie Corridor 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, Adopt Appropriation Ordinances tV Increase Estimated Receipts in the Special Assessment District Fund and Special Trust Fund for Fiscal Year 2012-2013 and Authorize Execution Vfgn Agreement with Camp Bowie District, Inc., to Manage the District (COUNCIL DISTRICTS 3 and 7) RECOMMENDATION: It is recommended that the City Council: 1. Conduct m public benefit hearing concerning the proposed special assessments on property located in Public Improvement District 8, Camp Bowie Corridor Public Improvement Disdhct, for the 2O12 tax year; 2. Approve the attached F|SCa| Year 2012-2013 budget and five-year service plan for the Camp Bowie Corridor Public Improvement District; 3 Adopt the attached ordinance levying special assessments on property in the Camp Bowie Corridor Public Improvement District subject tn assessment for the %012 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District O Fiscal Year 2O12-2O13 Project AouountoftheSpecia|Aooeaomont District Fund in the amount of$3S5.246.00 from available funds; 5. Authorize the transfer in the amount of$7.9O5 OOforadminietrmtive N:ms from the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2012-2013 Project Account to the Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments-, O. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund in the amount Of$7.9O5.00 from available funds; and 7. Authorize the execution of an Agreement vxith Camp Bowie District, Inc,, to provide management and improvement services for the Camp Bowie Corridor Public Improvement District during Fiscal Year 2012-2013 for the sum in the amount of $79,049.00, On December 16' 2008 0M&C G-16380) City Council adopted Resolution No. 3087-12-2008 reestablishing Public Improvement District 8 (Camp Bowie Corridor 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|O and the proposed assessments to be levied on each property in the P|O for the 2012 tax yemr. Following the public heering, it is recommended http://apps.cfwnet.orglcouncil_packetli-nc—review.asp?ID=17278&councildate=911l12012 9/12/2012 M&C Review that the City Council approve the attached budget and r service plan of the Fq[), adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated receipts to the Camp Bowie Corridor PID's fund. On August 21, 2012. (N&C 8H-280) the City Council conducted m public hearing to receive comments on the proposed 2012'2013 Fiscal Year budget and five-year service plan for the P|D. Notice nfthis benefit hearing was published in the newspaper and mailed 10 all record owners of property in the Camp Bowie Corridor PID in accordance with state law. The improvements and services to be provided in the PID and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee $ ICapital improvements $120,00 jEconomic Development $ 22,000.00 jPublic Events $100,000::0:]0 Insurance $ 4,000 Annual Review (Audit) $ 15,0007001 �City Administrative Fee �Budget Expenses $ 71905.00 $587,954.00 Estimated Operating Reserve $ 22,292.00 �Total Expenses $610,246.00 The total budgeted costs of the improvements and services are in the amount of $610.246.00. Of this amount, $395,246.00 will be funded by assessments collected on privately owned parcels located in the district by applying a [ate of$0.1O cents tVeach $1OO.00of property value for commercial property. The remainder ofthe costs, in the amount of $215,000.00, will be funded by prior year's assessments and revenues. The Camp Bowie Corridor P|Oim located in COUNCIL DISTRICTS 3 and 7. FISCAL . . The Financial Management Services Director certifies that upon approval of the above recommendations, and upon the adoption mf the Fiscal Year 2012'2O13 budget bv the City Council to include the above recommended itann(s), funds will be available in the Fiscal Year 2013 operating budget, an appropriated, ofthe Special Assessment District Fund and the Special Trust Fund. Page 2 of 3 M&C Review TO Fund/Account/Centers FROM Fund/Account/Centers 5)6) $7,905.00 5) GS87 539120 002508002000 $7,905.00 FE72 481306 017587001000 7) GS87 539120 002508002000 $79,049.00 6) FE72 511010 017587001000 $7,905.00 4) $395,246.00 GS87 488342 002508002000 4) $395,246.00 GS87 539120 002508002000 Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Coy Gray (6203) Sylvia Flores (8550) Page 3 of 3 http://apps.cfwnet.orgleouncil_packetlmc—review.asp?ID=17278&councildate�--911l12012 9/12/2012