HomeMy WebLinkAbout(0076) M&C 20-0570City of Fort Worth,
Mayor and
DATE: 08/25/20
Texas
Council Communication
LOG NAME: 13FMS PID01 FY21
SUBJECT
M&C FILE NUMBER: M&C 20-0570
(CD 9) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 1 - Downtown, Approve Fiscal Year 2021 Budget in the amount of
$3,223,907.00 and Five -Year Service Plan, Approve Tax Year 2020 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2020
Tax Year at a Rate of $0.105 Per Each $100.00 of Property Value, Authorize Execution of an Agreement with Downtown Fort Worth, Inc., in the
Amount of $476,950.00 to Manage the PID, and Adopt Appropriation Ordinance
(PUBLIC HEARING - a. Report of City Staff: Anthony Rousseau; b. Public Comment; c. Council Action: Close Public Hearing and Act on 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 Fort Worth Public Improvement
District 1 - Downtown for the 2020 tax year;
2. Approve the attached Fiscal Year 2021 Budget in the amount of $3,223,907.00 and Five -Year Service Plan for Fort Worth Public Improvement
District 1 - Downtown;
3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 1 - Downtown, on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 1 - Downtown for
the 2020 tax year at a rate of $0.105 per each $100.00 of property value;
5. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of $476,950.00 to provide management and
improvement services for Fort Worth Public Improvement District 1 - Downtown during Fiscal Year 2021; and
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID #1 - Downtown Fund in the
amount of $3,109,754.00 from available funds; and (2) increasing appropriations in the FWPID #1 - Downtown Fund in the amount of
$114,153.00 and reducing fund balance by the same amount.
DISCUSSION:
On June 23, 2009, the Mayor and City Council adopted Resolution No. 3756-06-2009 re-establishing Fort Worth Public Improvement District 1 -
Downtown (Downtown PID)
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2021 Budget and Five -Year Service Plan for
the Downtown PID and the proposed assessments to be levied on each property in the Downtown PID for the 2020 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 2020 Assessment Roll; and (c) adopt the attached ordinances levying the proposed assessments and appropriating funds.
The improvements and services to be provided in the Downtown PID during the Fiscal Year 2021 and the costs thereof are as follows:
Fiscal Year 2021 Budget
Improvements
Total Budgeted Cost
Management Fee
$476,950.00
Utilities
$15,500.00
Landscaping/Maintenance
$125,000.00
Trash Removal
$1,242,380.00
Holiday Light/Deco
1 $30,000.00
Security
1 $11,200.00
Ambassador Program
Communications/Newsletters
1 $680,000.00
1 $9,000.00
Marketing & Research
$399,600.00
Transportation & Planning
$167,000.00
City Audit
1 $2,500.00
City Administrative Fee
1 $64,777.00
Total Expenses
$3,223,907.00
The total budgeted costs of the improvements and services are $3,223,907.00. Of this amount, $2,616,166.00 will be funded by assessments
collected on privately owned parcels located in the Downtown PID by applying a rate of $0.105. The remainder of the costs in the amount of
$607,741.00 will be funded by other revenue sources including: (a) $207,855.00 in direct payments from the City for Payment In -Lieu of
Assessments, (b) $152,948.00 in direct payments from the City for Payment In -Lieu of Services, (c) $132,785.00 in revenues generated by
Downtown PID activities, and (d) $114,153.00 transferred from the unaudited, unassigned fund balance.
On August 18, 2020, the City Council conducted a public hearing to receive comments on the proposed 2020-2021 Fiscal Year Budget, Five -Year
Service Plan, and 2020 Assessments for the Downtown PID. Notice of the August 18, 2020, benefit hearing and this hearing were published in the
Fort Worth Star- Telegram and mailed to all owners of property on record in the Downtown PID on August 7, 2020, in accordance with state
Iaw.The Downtown PID advisory board recommended approval of the budget.
The Downtown 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 2020-2021 Budget by the
City Council, funds will be available in the Fiscal Year 2021 operating budget, as appropriated, of the FWPID #1 - Downtown Fund. Prior to any
expenditure being incurred, the Financial Management Services Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office b_y: Jay Chapa 5804
Originating Business Unit Head: Reginald Zeno 8517
Additional Information Contact: Crystal Hinojosa 7808