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HomeMy WebLinkAboutResolution 4116-08-2012NO. 4116-08-2012 REDUCING THE BOUNDARIES OF FORT WORTH PUBLIC IMPROVEMENT` DISTRICT NO. 7 (HERITAGE PID) WHEREAS, on August 22, 2000 the City Council received a petition (the "Petition") for the establishment of Fort Worth Public Improvement District No. 7 (the "Heritage PID" or "PID") from various owners of property within the boundaries of the PID proposed in the Petition; and WHEREAS, pursuant to Chapter 372 of the Texas Local Government Code (the "Code"), on September 26, 2000 the City Council adopted Resolution No. 2675 creating the PID and describing its boundaries; and WHEREAS, since establishment of the PID, property within and near the PID boundaries has been replatted, resulting in six (6) lots that now are bisected by the PID boundaries; and WHEREAS, special assessments for PID services and improvements can only be levied against property located within the PID boundaries; and WHEREAS, all property located within the boundaries of this PID is subject to the levy of such assessments; and WHEREAS, because the method of levying special assessments against property in this PID is based on the overall taxable appraised value of that property, It would be difficult to calculate a proper assessment against those lots that are located only partially in the PID; and WHEREAS, Section 372.012 of the Code permits the City Council to exclude property described in the Petition from the boundaries of the PID; and WHEREAS, of those lots that are located only partially within the PID, the portions of those lots that are located outside the boundaries of the PID were not included in the Petition requesting establishment of the PID; and WHEREAS, it would be administratively curnbersome to leave the current boundaries of the PID intact and then specifically exempt from assessment each year those portions of the lots bisected by the PID boundaries that are located outside the PID; fFqRT)! , qjTA "I No. X41 16 -08 -2012 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1. THAT those six (6) lots identified below and shown in the map attached hereto as Exhibit "A" are hereby removed from the PID in their entirety and shall not be subject to assessment from and after the effective date of this Resolution 9500 Peat Ct., Block 160, Lot 74, Heritage Addition 9513 Peat Ct., Block 160, Lot 70, Heritage Addition 9525 Bewley Ct., Block 1.60, Lot 44, Heritage Addition 9528 Bewley Ct., Block 160, Lot 57, Heritage Addition 9528 Sinclair St., Block 160, Lot 29, Heritage Addition 9529 Sinclair St., Block 160, Lot 17, Heritage Addition 2. THAT this Resolution shall take effect immediately upon its adoption. Adopted this 14"' day of August, 2012. ATTEST: By: Mary Kayser, y Secretary F2QRTWOE. "6 PID 7- Heritage City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 8/14/2012 ~Resolution . DATE: Tuesday, August 14`2012 REFERENCE NO.: BH-270 SUBJECT: LOG NAME: 17PID7.BOUNDARY—REDUCE—RES Conduct a Public Hearing and Adopt Resolution Reducing Boundaries of Fort Worth Public Improvement District No. 7, Heritage P|O(COUNQL DISTRICTS 4ond 7) |tks recommended that the City Council: 1. Conduct a public hearing to consider the removal of six lots from Public Improvement District No. 7, Heritage PID; and 2. Adopt the attached Resolution reducing the boundaries of the Heritage P|D by removing the six lots in question. The City Council created Public Improvement District (PID) No. 7 (the Heritage PID) on September 26, 2000 pursuant Vo Resolution No. 2675. Since establishment of the Heritage P|D, property within and near the PID boundaries has been replatted, leaving six lots that are bisected by the PID's boundaries. Those lots are: w 0500 Peat Court, Block 160, Lot 74, Heritage Addition; * 9513 Peat Court, Block 1OO. Lot 7O. Heritage Addition; p S525 Bewley Court, Block 18O. Lot 44. Heritage Addition; * 9528 Bewley Court, Block 160`Lot 57. Heritage Addition; * 9528 Sinclair Street, Block 160. Lot 29, Heritage Addition; and * 0528 Sinclair Street, Block 1OO' Lot 17. Heritage Addition. A map showing the lots in question is attached as Exhibit A to the attached Resolution. PID assessments can only be levied against property that is located within the boundaries of the district. Because the method of levying special assessments against property in the Heritage PID is based on the overall taxable appraised value of that propedy, it would be extremely difficult br oa|ou|eh* a proper assessment against the Six lots that are |oo@bad only partially in the P|D. As a result, it is recommended that after receiving any comments from the public on this matter, the City Council close the public hearing and adopt the attached Resolution removing the six lots from the Heritage PID entirely. This project i8|ooetedinCOUNC|L0STR\CT84mnd7. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that, upon approval of the above recommendations, it will have no material effect on City funds. FUND CENTERS: TO Fund /Account/Centers FROM Fund/Account/Centers CERTIFICATIONS: Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: Fernando-Costa (6122) Jay Chapa (5804) Sylvia Flores (8550) Coy Gray (6203) Logname: 17PID7.BOUNDARY—REDUCERES Page 2 of 2