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HomeMy WebLinkAboutOrdinance 17110-08-2006Ordinance No. 1 71 1 0-08-2006 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPi~CIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $200,855 FROM AVAILABLE FUNDS CONTINGENT UPON THE ADOPTION OF THE FISCAL YEAR 2006-2007 BUDGET FOR THE PURPOSE OF FUNDING IMPROVEMI=NTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 1 (DOWNTOWN}; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2006-2007 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $200,655 from available funds contingent upon adoption of the Fiscal Year 2006-2007 budget for the purpose of funding improvements and services in Public Improvement District No. 1 (Downtown). SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in ful! force and effect. SECTION 3. That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2005, and ending September 30, 2007, and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict wi#h such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPRO AS ~ RM AND LEGALITY: Ass taut City Attorney ADOPTED AND EFFECTIVE: ,,,,,,, August 22, 2006 ..-- {ilt~/ A~ FQCt WOrtll FIVE YEAR SERVICE PLAN Public Irnprnvement District No. 1 -Downtown REVEN~JES Private Assessment Revenues CFW Assessment Revenues City Payment in-lieu of Services PI© Generated Revenue Interest Prior Year's Assessment Total Revenues Operations Maintenance & landscaping Security Enhancement Marketing Transportation & Parking City Administration Total Expenses ~3Ai_ANCE FYfl6/07 FY07108 FY08109 FYfl9/10 FY1fl111 1,300,000 1,352,000 1,406,08Q 1,462,323 1,620,815 200,655 200,655 204,668 204,668 208,781 127,813 130,145 132,750 135,400 13$,108 125,280 125,280 127,280 127,2$0 129, 825 6,500 6,x00 6,500 7,000 7,500 25,000 - - - - 1,785,048 1,814,fl8fl 1,877,278 1,936,671 2,flfl5,fl29 288,600 307,575 322,498 335,925 343,239 1,039,897 1,04$,729 1,080,924 1,114,01 7 1,136,241 32,7$1 32,934 33,604 34,283 46,971 242,770 257,770 269,859 280,518 296,348 155,000 140,032 142,272 142,682 151,814 26,000 27,040 28,121 29,246 30,416 1,785,048 1,814,fl8fl 1,877,278 1,936,871 2,005,029 $0 $fl $0 $0 $0 Mayor and Council Communication GOUNGIL ACTION: Approved on 8/2212005 -Ordinance No. 17109-OS-2006 & 17110-08-200fi DATE: Tuesday, August 22, 2006 LOCa NAME: 13PID01 PUBHEAR REI=ERENGE N®.: G~15366 SUB~lEGT: Approve FY2006-2007 Budget and Five-Year Service Plan for Fort Worth Public Improvement District 1 (DOWNTOWN), Authorize Transfer of City's Payment In-Lieu of Services, Authorize Transfer of City Payment In-lieu of Assessments, Adopt Appropriation Ordinances, Adapt Proposed 2006 Assessment Roll, Set Benefit Hearing, Authorize Transfer for Administrative Fees and Authorize Execution of a Contract with Downtown Fart Worth, Inc., to Provide Management Services for the District REC®MIMEN®A"rION: It is recommended that the City Council: 1. Hold a public hearing concerning the budget and five-year service plan far FY2006-fl7; 2. Approve the attached budget and five-year service plan far FY2006-07 as recommended by the Advisory Board of Fart Worth Public Improvement District 1 (PIO 1) and approve adding to the FY2D06-07 budget, as contingency, any unencumbered revenues from P1D i assessments from prior years, 3. Authorize the transfer of $127,613.00 far City`s payment in-lieu of services, from the General Fund to the Special Assessment District Fund PID 1, FY2006-07 Project account; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $127,813.00 in the Special Assessment District Fund from available funds; 5. Authorize the transfer of $200,855.00 for the City's payment in-lieu of assessments firom the General Fund to the Special Assessment District Fund PID 1 Project account for FY2006-07; 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $200,655.00 in the Special Assessment District Fund PID 1 Project account from available funds; 7. Adopt the proposed 2006 assessment roll; 8. Set Benefit Hearing far Tuesday, September 12, 2006, at 10:00 a.m. in the City Council Chamber; 9. Authorize the transfer of $26,000.00 for administrative fees from the Special Assessment District Fund PID 1, FY2006-07 Project account to the General Fund; and 10. Authorize the City Manager to execute a contract with Downtown Fart Worth, Inc. to provide management and improvement services in the PID 1 during FY2008-07 far the sum of $1,785,048A0. DISCUSSI®N: Lagnarne: 13PIDO1PUBHEAR Page 1 of 3 On July 20, 2004, (M&C G-14435) the City Council approved Resolution No. 3105 re-establishing Fort Worth Public lmprovament District 1 (PID 1). State law ,requires an annual report on the proposed budget and five-year service plan, Which is .included as part of this Mayor and Council Communication. The general nature of the improvements andlar services to be provided by the Distriat steal! include: . An Improvement District Maintenance and Landscaping Program consisting of supplemental street sweeping, sidewalk cleaning, bus shelter cleaning, planting and landscape maintenance, streetscape improvements and trash receptacle pickup; . An Impravement District Promotions Program consisting of recreational and cultural enhancements and activities, a promotional program and the staging or monitoring of special recreational and cultural events; ® An lmprovament District Marketing and Communications Program consisting of website development, Downtown Co-Op marketing program, marketing research surveys, and marketing campaign to promote the use of the District; ® An lmprovament District Security Program consisting of a public relations crime prevention campaign, private security farce coordination campaign, parking garage and a parking lot security program; . An Imrpovement District Transportation and Parking Program consisting of a campaign #o promote Fort Worth Transit Authority bus service and ridesharing, the development of a plan concerning better utilization of short-term parking facilities and the improvement of traffic signs; and ® An Improvement District Management Program to provide for the administration and operation of the District activities and programs.; Three line items listed on the five-year service plan, which requires transfer of City funds are City Payment In-lieu of Services, City Payment In-lieu of Assessments and City Administration Fee. 1. City Payment In-lieu of Services is a supplement to the RID budget funding the level of improvements ar services that would be provided by the City of Fort Worth to the taxpayers in the district. 2. City Payment In-lieu of Assessments is an allocation to the. PID budget for assessments the City properties within the District would pay if not considered an absolute exempt tax payer. 3. On July 27, 2004, (M&C G-14443) the City Council adopted guidelines for setting an Administrative Fee Structure. The City shall assess an annual administration fee for all districts equal to two percent {2%) of the district's annual assessments, or $2,000.00; whichever is greater. PID 1 is located in COUNCIL DISTRICT 8. 1=1SCAL INF®RMATI®N/CERTII=ICATI®IV: The Finance Director certifies that upon approval and completion of the above recommendations, funds will be available in the FY2006-2{307 operating budget, as appropriated, of the Special Assessment District Fund. TO FundlAcccrunt/Centers FROM Fund ll~lccount/Cantews GS87 472001 00250100200D ~20D.655.00 GG01 538070 0906800 $200,655.00 GS87 472001 002501002000 $127.615.00 GG01 538070 0905800 $127.613.00 GS87 63912D 002501002000 $127.613.DD 6587 539120 002501002000 1 785 Q48.00 Lagname: 13PID01PUBHEAR Page 2 of 3 GGni asl3as n13~a1a $zs,aoo.ao Gss7 5391zn on25o1nn2ooo ~2s.aoa.oo GS87 539120 002501002000 $2x0,655.00 Submitted for i Mana er's Office b Karen Montgomery (6222) Qri_ginating Detsartment Head: Richard Zavaia (Acting) Q Addi#ional Informatian Contact. Becky Wood (8550} Jenny Townsend (6030) Lognar~ae: 13PIDO1PUBHEAR Page 3 of 3