HomeMy WebLinkAbout(0080) M&C 19-0088City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/20/19 M&C FILE NUMBER: M&C 19-0088
LOG NAME: 13FMS PID11 FY20 BENEFIT
SUBJECT
Conduct Public Benefit Hearing Regarding the Proposed Fiscal Year 2019-2020 Budget, Five -Year Service Plan, and 2019 Assessment for
Public Improvement District No. 11, Stockyards (COUNCIL DISTRICT 2) (PUBLIC HEARING - a. Report of City Staff: Angela Estrada; b. Citizen
Presentations; c. Council Action: Close Public Hearing and Approve the M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing to receive comments on the proposed budget, Five -Year Service Plan, and assessment for Fort Worth Public
Improvement District No. 11, Stockyards, for Fiscal Year 2019-2020;
2. Approve the filing of the proposed 2019 Assessment Roll for the Stockyards Public Improvement District with the City Secretary for public
inspection; and
3. Set a public benefit hearing for August 27, 2019 at 7:00 p.m., for final approval of the Stockyards Public Improvement District's Fiscal Year
2019-2020 Budget, Five -Year Service Plan, and 2019 Assessment.
DISCUSSION:
On February 25, 2003, the Mayor and City Council adopted Resolution No. 2925 establishing the Stockyards Public Improvement District
(PID).State law requires an annual report on the proposed budget and Five -Year Service Plan for the PID, which is attached. The general nature of
the improvements and/or services to be provided in the Stockyards PID include:
• A Maintenance Program consisting of supplemental street sweeping, sidewalk sweeping, sidewalk cleaning, and trash receptacle pick up;
• A Marketing Program consisting of advertising, web -site design and development, marketing public events, and management of a signage
program; and
• A Management Program to provide for administration, management, and operation of the PID.
On February 13, 2018, the City Council adopted a Revised Policy for Operating Public Improvement Districts (Resolution 4905-02-2018), which
sets forth the City's administrative fee structure for all PIDs. The City's administrative fee is set at the greater of: (1) two percent (2%) of the
projected externally generated revenue for that year, to include special assessments and any City contributions; or (2) $2,000.00.
The proposed 2019 assessment rate on property subject to assessment in the PID is $0.12 per each $100 of valuation. The proposed 2019
Assessment Roll for the Stockyards PID will be filed with the City Secretary and available for public inspection during normal business hours at any
time prior to the August 27, 2019 Public Benefit Hearing.
The Stockyards PID is located in COUNCIL DISTRICT 2.
A Form 1295 is not required for this contract because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that this action will have no material effect on City funds. Subsequent actions will formally establish the
assessment rate and the corresponding budget for Fiscal Year 2020.
Submitted for City Manager's Office by. Kevin Gunn 2015
Originating Business Unit Head: Reginald Zeno 8500
Additional Information Contact: Angela Estrada 8511