HomeMy WebLinkAboutOrdinance 17153-09-2006Ordinance No. 17163-09-2006
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $499,590 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO.8 (CAMP BOWIE); 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 $499,590 from available funds for the purpose of funding
improvements and services in Public Improvement District No. 8 (Camp Bowie).
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 full 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, 2006, 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 with 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hereby expressly repealed.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.
APPROV"AS JerFORM AND LEGALITY:
Assistant
ADOPTED AND EFFECTIVE: September 12 2006
City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District #8 - Camp Bowie
REVENUE
Assessment Revenues
Prior Year Assessments
Total Revenues
EXPENSES
Operations
Capital Improvements:
Concrete Removal
Landscape Implementation /Maintenance
Water Pump Truck
Marketing Campaign
Special Events
Joint Venture Grant
Development Standards
Street Light Upgrade
City Administration
Total Expenses
BALANCE
FY06107
FY07108
FY08109
FY09110
FY10111
300,000
305,000
310,000
315,000
320,000
513,477
313,887
87,787
56,587
15,287
813,477
618,887
397,787
371,587
335,287
140,000 150,000 155,000
50,000
25,000
30,000
95,000
50,000
50,000
30,000
-
-
60,000
60,000
60,000
40,000
40,000
40,000
53,590
25,000
-
200,000
-
6,000
6,100
6,200
499,590
531,100
341,200
313,887
87,787
56,587
160,000 165,000
30,000 -
50,000 50,000
60,000 60,000
50,000 50,000
6,300
6,400
356,300
331,400
15,287
3,887
Note: Fund balance accumulation planned for future purchase of decorative street lighting in FY2007 -08.
COUNCIL ACTION: Approved on 9112/2006 - Ordinance No. 17152 -09 -2006 & 17153 -09 -2006
DATE: Tuesday, September 12, 2006
LOG NAME: 13PID8BEN06 -07
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District 8 (Camp Bowie) Concerning Proposed
Property Assessments, Adoption of Ordinance Levying Assessments for Fiscal Year 2006 -07 and
Adoption of Appropriation Ordinance Allocating Estimated Receipts to the District
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a benefit hearing concerning the proposed property assessments for Fort Worth Public
Improvement District 8 (PID 8) for Fiscal Year 2006 -07;
2. Adopt the attached ordinance which levies the proposed assessments for PlD 8 for Fiscal Year 2006-
07; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$499,590.00 in the Special Assessment District Fund PID 8 Project account from available funds.
DISCUSSION:
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2006-
07 proposed assessments to be levied on each property in Fort Worth PID 8, to adopt an ordinance levying
the proposed assessments and to adopt an appropriation ordinance allocating estimated receipts to the
District.
On August 22, 2006, (M &C G- 15369) the City Council approved the Fiscal Year 2006 -07 budget and five -
year service plan (attached), directed that certain improvements and/or services be provided in PID 8
during the Fiscal Year 2006 -07, adopted the proposed 2006 assessment roll and provided notice of this
benefit hearing.
Based upon the five year service plan budget the current and projected revenues will fund the following:
imp-LOvement
1) Marketing Campaign /Special Events
2) Capital Improvements
3) Operations
4) Joint Venture Grant
5) Development Standards
5) City Administration (2% of budgeted assessments)
Total Expenditures
Projected Fund Balance 09/30/07
Total Budgeted Costs
$100,000.00
$175,000.00
$140,000.00
$53,590.00
$25,000.00
$6,000,00
$499,590,00
$_3 33 887.00
Lognarme: 13P1D8BEN06 -07 Page 1 of 2
Total Revenues *
* Includes current & projected assessment revenues.
$813,477.00
The total budgeted costs of the improvements and services are $499,590.00, which will be funded by
assessments collected on privately owned parcels located in the district by applying a rate of $0.90 cents
to each $100.00 of the value of such property, as determined by the City Council. Upon approval of this
M &C, the fund balance to be carried forward to the next fiscal year for PID 8 will be $393,887.00.
(Note: Fund balance accumulation planned for future purchase of decorative street lighting in FY2007 -08
and grant matching projects).
Based on the appraised value of the property and considering the benefits to be received from the
proposed improvements and services, it is the opinion of the City staff that an amount equal to or more
than the proposed assessments, upon completion of the improvements in accordance with the contract,
will enhance each parcel of property in value.
PID 8 is commonly known as the "Camp Bowie" PID and is located in COUNCIL DISTRICTS 3 and 7. A
map and budget are attached.
FISCAL INFORMATIONICERTIFICATION:
The Finance Director certifies that upon adoption of the attached ordinances, funds required for this
expenditure will be available in the Fiscal Year 2006 --07 operating budget, as appropriated, of the Special
Assessment District Fund.
TO Fund /Account(Centers FROM Fun d/Accou nt/C enters
GS87 488342 002508002000 $499.590.00
GS87 539120 0025080Q2QQQ 1499 590 00
Submitted for City q- nag_er °s Office bv_: Karen Montgomery (6222)
Originating Department Head: Richard Zavala (Acting) (6109)
Additional Information Contact: Becky Wood (8550)
Jenny Townsend (6030)
Logname: 13PID8BEN06 -07 Page 2 of 2