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HomeMy WebLinkAbout(0086) M&C 19-0102City of Fort Worth, Mayor and DATE: 08/27/19 Texas Council Communication LOG NAME: 13FMS PID19FY20 SUBJECT M&C FILE NUMBER: M&C 19-0102 Conduct Public Benefit Hearing for Public Improvement District 19 - Historic Camp Bowie, Approve Fiscal Year 2019-2020 Budget in the Amount of $450,562 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 $100.00 of Property Value for Commercial Property, Authorize Execution of an Agreement with Camp Bowie District, Inc., in the Amount of $90,112 to Manage the PID; and Adopt Appropriation Ordinance (COUNCIL DISTRICTS 3 and 7) (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 19 - Historic Camp Bowie for the 2019 tax year; 2. Approve the attached Fiscal Year 2019-2020 Budget in the amount of $450,562 and Five -Year Service Plan for Public Improvement District 19 - Historic Camp Bowie; 3. Approve the Tax Year 2019 Assessment Roll for Public Improvement District 19 - Historic Camp Bowie, on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the commerical property located in Public Improvement District 19 - Historic Camp Bowie for the 2019 tax year at a rate of $0.10 per each $100.00 of property value; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 19 - Historic Camp Bowie Fund in the amount of $450,562; and 6. Authorize the execution of an Agreement with Camp Bowie District, Inc., in the amount of $90,112 to provide management of the improvements and services for Public Improvement District 19 - Historic Camp Bowie during Fiscal Year 2019-2020. DISCUSSION: On August 14, 2018, the City Council adopted Resolution No. 4966-08-2018, establishing the Fort Worth Public Improvement District 19 - Historic Camp Bowie (Historic Camp Bowie 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 Historic Camp Bowie PID and the proposed assessments to be levied on each commercial property in the Historic Camp Bowie 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 Historic Camp Bowie PID during the 2019-2020 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Cost Management Fee $90,112 Professional Fees 1$5,000 Beautification 11$69,802 Utilities 1$20,000 Maintenance 1$90,256 Litter Abatement 1$78,720 Security 1$24,960 Marketing 1$24,000 Advertising 11$26,000 Insurance 1$6,700 Audit 1$6,000 City Administrative Fee $9,011 Total 11$450,562 The total budgeted costs of the improvements and services are in the amount of $450,562. Of this amount, $432,771, will be funded by assessments collected on privately owned parcels located in the Historic Camp Bowie PID by applying a rate of $0.10 per each $100.00 of property value. The remaining $17,791 will be funded in direct payments from the City for Payment In -Lieu of Services. The 2019 assessment rate is the same as the prior 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 2019 Assessments for the Historic Camp Bowie 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 Historic Camp Bowie PID on August 7, 2019, in accordance with state law. The Historic Camp Bowie PID is located in COUNCIL DISTRICTS 3 and 7. 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 19- Historic Camp Bowie Fund. Submitted for City Manager's Office by. Kevin Gunn 2015 Originating Business Unit Head: Reginald Zeno 8500 Additional Information Contact: Angela Estrada 8511