HomeMy WebLinkAbout(0076) M&C 19-0101City of Fort Worth,
Mayor and
DATE: 08/27/19
Texas
Council Communication
LOG NAME: 13FMS PID14FY20
SUBJECT
M&C FILE NUMBER: M&C 19-0101
Conduct Public Benefit Hearing for Public Improvement District 14 - Trinity Bluff, Approve Fiscal Year 2019-2020 Budget in the Amount of $73,365
and Five -Year Service Plan, Approve Tax Year 2019 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2019 Tax Year at a
Rate of $0.10 Per Each $100 of Property Value, Authorize Execution of Agreement with Downtown Fort Worth, Inc., in the Amount of $11,500 to
Manage the District, and Adopt Appropriation Ordinance (COUNCIL DISTRICT 9) (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 concerning the proposed special assessments on the property located in Public Improvement District 14 -
Trinity Bluff for the 2019 tax year;
2. Approve the attached Fiscal Year 2019-2020 Budget in the amount of $73,365 and Five -Year Service Plan for Public Improvement District 14 -
Trinity Bluff;
3. Approve the Tax Year 2019 Assessment Roll for Public Improvement District 14 - Trinity Bluff, on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Public Improvement District 14 - Trinity Bluff for the 2019
tax year at a rate of $0.10 per each $100 of property value;
5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 14 — Trinity Bluff
Fund ("Fund") in the amount of $73,365, from available funds, and
6. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of $11,500 to provide management of the improvements
and services for Public Improvement District 14 - Trinity Bluff during Fiscal Year 2019-2020.
DISCUSSION:
On June 16, 2009, the Mayor and City Council adopted Resolution No. 3748-06-2009 establishing Fort Worth Public Improvement District 14 -
Trinity Bluff (Trinity Bluff PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2019-2020 Fiscal Year Budget and Five -Year Service
Plan for the Trinity Bluff PID and the proposed assessments to be levied on each property in the Trinity Bluff PID for the 2019 tax year. Following the
public hearing, it is recommended that the City Council take the following actions: (a) approve the attached Budget and Five -Year Service Plan; (b)
approve the 2019 Assessment Roll; and (c) adopt the attached ordinances levying the proposed assessments and appropriating funds.
The improvements and services to be provided in the Trinity Bluff PID and the costs thereof are as follows:
Improvements
Total Budgeted Cost
Management Fee
111,500
Utilities
$750
Landscaping 11$29,000
Litter Abatement
1$3,600
Ambassador Program
1$23,360
Marketing
1$2,155
Holiday Lighting
$1 1700707
City Administrative Fee
1$2,000
Total
$73,365
The total budgeted costs of the improvements and services are in the amount of $73,365. The entire amount will be funded by assessments
collected on privately owned parcels located in the Trinity Bluff PID by applying a rate of $0.10 per each $100.00 of property value. The
assessment rate is the same as last year.
On August 20, 2019, the City Council conducted a public hearing to receive comments on the proposed 2019-2020 Fiscal Year Budget, Five -Year
Service Plan, and assessments for the Trinity Bluff PID (M&C BH ). Notice of the August 20, 2019, benefit hearing and this hearing were published
in the Fort Worth Star - Telegram on August 8, 2019 and mailed to all record owners of property in the Trinity Bluff PID on August 7, 2019, in
accordance with state law.
The Trinity Bluff PID is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that, upon approval of the above recommendations and the adoption of the Fiscal Year 2019-2020 Budget by the
City Council, funds will be available in the Fiscal Year 2020 operating budget, as appropriated, of the Fort Worth Public Improvement District 14 -
Trinity Bluff Fund.
Submitted for City Manager's Office by. Kevin Gunn 2015
Originating Business Unit Head: Reginal Zeno 8500
Additional Information Contact: Angela Estrada 8500