Loading...
HomeMy WebLinkAboutResolution 5958-05-2024A Resolution NO.5958-05-2024 AUTHORIZING AND EXPANDING FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.18 (TOURISM PID) TO INCLUDE AN ADDITIONAL HOTEL AND TAKING CERTAIN OTHER ACTIONS CONCERNING THE DISTRICT WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local Government Code ("Act") allows for the establishment of public improvement districts; WHEREAS, on August 29, 2017, the City Council adopted Resolution No. 4837- 08-2017, establishing Fort Worth Public Improvement District 18—Tourism ("Tourism PID") ("Establishing Resolution"); WHEREAS, on August 18, 2020, April 13, 2021, September 14, 2021, and April 12, 2022 the City Council adopted Resolution Nos. 5264-08-2020, 5382-04- 2021, 5467-09-2021, and 5561-04-2022 respectively, expanding the boundaries of the Tourism PID ("Tourism PID") (Resolution Nos. 5264-08-2020, 5382-08-2021, 5467- 09-2021 and 5561-04-2022 are collectively referred to as the "Expansion Resolutions"); WHEREAS, Section 372.0121 of the Act, as amended by the 87th Texas Legislature (2021) through Senate Bill 804, allows the City Council to include additional properties in the Tourism PID if (i) the property is a hotel and (ii) a sufficient number of the record owners of the real property currently included and proposed to be included in the Tourism PID have consented to be included in the Tourism PID by signing the original petition to establish the Tourism PID or by signing a petition or written consent to include property in the Tourism PID; WHEREAS, the number of consenting record owners is sufficient if the record owners own more than 60% of appraised value of taxable real property Iiable for assessment in the Tourism PID; and either (i) constitute more than 60% of all record owners of taxable real property liable for assessment in the Tourism PID, or (ii) own, in aggregate, more than 60% of the area of all taxable real property liable for assessment in the Tourism PID; WHEREAS, another expansion petition ("Petition") was submitted to the City of Fort Worth, Texas ("City"), pursuant to the Act, requesting to expand the Tourism PID boundaries to include an additional hotel property within the Tourism PID and has been on file in the office of the City Secretary for public inspection; WHEREAS, pursuant to Section 372.009 of the Act, the City provided notice and publication of two public hearings to be conducted on May 14, 2024 and May 21, 2024 to consider the expansion of the Tourism PID ("Public Hearings"), which notice and publication included the following: (i) time and place of the Public Hearings; (ii) general nature of the proposed improvements and services; (iii) estimated costs of the improvements and services; (iv) expanded boundaries of the Tourism PID; (v) proposed method of assessment; and (vi) proposed apportionment of cost between the additional hotel property in Tourism PID and the City; WHEREAS, notice of the Public Hearings was published on April 25, 2024 in the Fort Worth Star -Telegram, a newspaper of general circulation in the City, and was also mailed on April 25, 2024 to all record owners of property in the Tourism PID Iiable for assessment, and 'all persons desiring to be heard were given a full and fair opportunity to be heard at the Public Hearing; WHEREAS, the City Council conducted and adjourned the Public Hearing to consider the expansion of the Tourism PID; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1. Recitals. The findings set forth in the recitals of this Resolution are found to be true and correct. 2. Findings. The City Council, after duly considering the evidence and testimony presented at the Public Hearings and based on all information known by the City Council, hereby makes the following findings: 2.1 Petition and Boundaries. (a) The current boundaries of the Tourism PID consist of noncontiguous areas authorized under Section 372.0035 of the Act consisting solely of hotel properties with 100 or more rooms ordinarily used for sleeping within the City of Fort Worth. The lists of the original and additional hotels that are included within the boundaries of the Tourism PID are included in the Establishing Resolution and Expansion Resolutions, respectively. (b) As set forth in the Recitals above, the Act allows the City Council to include additional properties in the Tourism PID if the required elements are satisfied. As evidenced below, the hotel property set forth in Exhibit "A", which is attached hereto and incorporated herein for all purposes ("Additional Hotel Property"), meets the necessary elements for inclusion into the Tourism PID. (i) The Additional Hotel Property to be included in the Tourism PID as part of this Resolution is a hotel property. (ii) A sufficient number of record owners of the real property currently included and proposed to be included in the Tourism PID have consented to be included in the Tourism PID by signing the original petition to establish the Tourism PID or by signing a petition or written consent to include property in the Tourism PID. Specifically, the number of consenting record owners exceeds the thresholds required by the Act, which is evidenced by the following: (1) 80.54% of appraised value of taxable real property liable for assessment, (2) 66.67% of record owners of taxable real property liable for assessment, and (3) 69.63% for the area of all taxable real property liable for assessment. 2.2 Advisability and Feasibility of the Improvements and Services Proposed for the Tourism PID. It is advisable to expand the Tourism PID to include the Additional Hotel Property to provide the proposed improvements and services described in the Petition and this Resolution. The improvements and services will promote the interests of the City and confer a special benefit on the assessed properties within the Tourism PID. The Fort Worth Convention and Visitor's Bureau staff performed an analysis of the Tourism PID, its service plan and strategies, and concluded that it provides a very effective means for significantly enhancing the ability of Fort Worth to promote its hotel, convention, and tourism activity, which has been borne out since the Tourism PID's establishment. Based on this analysis and the successful history of the Tourism PID, the City finds the proposed tourism public improvement district to be both advisable and feasible. 2.3 Nature of the Improvements and Services. The general nature of the proposed improvements and services to be provided within the expanded boundaries of Tourism PID include, without limitation, marketing, business recruitment, and promotional activities authorized by the Act for improvements and promotion of the Tourism PID, including, but not limited to, the provision of incentives by the Fort Worth Convention and Visitors Bureau to organizations to encourage them to bring large and city-wide events (including, without limitation, meetings, sporting, recreation, and cultural events) to Fort Worth and to fund additional marketing by the Fort Worth Convention and Visitors Bureau to increase hotel stays within the City. 2.4 Estimated Cost of the Improvements and Services. Over the four (4) year period beginning on October 1, 2023 and ending on the expiration of the Tourism PID as provided in Section 3, the estimated total cost of the improvements and services to be provided by the Tourism PID will be $29,810,000.00, which includes an estimated cost of $7,000,000.00 for the 2023-2024 fiscal year. For the 2023-2024 fiscal year, the estimated costs of the above -referenced improvements and services, and estimated costs to implement such improvements and services are: Incentives and Sales Efforts $3,298,875 Marketing and Research (Promotion/Advertising) $2,430,750 Site Visits & Familiarization Tours $ 347,250 Cultural Enhancements through Marketing and Promotion of the Arts $520,875 Operations and Administration $347,250 City Administrative Fee $55,000 Total $7,000,000 On September, 12, 2023, the City Council adopted the fiscal 2023-2024 budget and four-year service plan, the same being Ordinance No. 26241-09-2023. The inclusion of the Additional Hotel Property will not affect the adopted budget. Such costs will be paid from assessments levied in accordance with the Act. The four- year service plan proposed for the Tourism PID is attached hereto as "Exhibit B" ("Service Plan") and incorporated herein for all purposes. The Service Plan, budget, and assessment amount are subject to annual review and approval by the City Council. 2.5. Method of Assessment. The costs of the improvements and services will be funded from assessments levied on and collected from properties located in the Tourism PID that contain hotels of one hundred (100) or more guest rooms and that are subject to payment of City hotel occupancy taxes pursuant to Chapter 32, Article II of the City Code, as amended. The City will levy a special assessment against the new hotel property located within the expanded boundaries of the Tourism PID ("Hotel Parcel") in an amount equal to two percent (2%) of the consideration received for occupancy of any sleeping rooms furnished by the new hotel on the Hotel Parcel (subject to any lawful exemption of the hotel occupancy tax under applicable state law and City ordinances), with such assessments to be collected in the same manner and in accordance with the same procedures as those established for collection of the City's hotel occupancy tax, as set forth in Chapter 32, Article I1 of the City Code, as amended. The collection of assessments will begin on the earliest date allowed by the Act and continue to be collected at the same time hotel occupancy taxes are collected. The City Council hereby finds that the proposed method of assessment is reasonable and necessary. 3.6. Apportionment of Costs Between the Tourism PID and the City, as a Whole. The apportionment of costs between the Tourism PID, inclusive of the Additional Hotel Property, and the City, as a whole, is as follows: (a) The entire cost of each improvement and service will be paid from assessments levied in accordance with the Act. (b) No City funds will be used to pay any portion of the cost of any improvement or service, unless such funding is approved from the City Council or other appropriate municipal authority on a case -by -case basis. 3. Inclusion of Additional Hotel Property within the Tourism PID• Term. Based on the findings set forth above, the City Council authorizes the expansion of the boundaries of the Tourism PID to include the Additional Hotel Property. The inclusion of the Additional Hotel Property within the Tourism PID takes effect on the date on which this Resolution is adopted by the City Council and will expire concurrently with the expiration date set forth in Section 3 of the Establishing Resolution. The expansion of the Tourism PID is subject to all conditions, limitations, and reservations set forth in the findings in Sections 1 and 2. All other provisions of this Resolution will be effective from and after adoption of this Resolution. 4. Advisory Body. The City Council hereby declines to appoint an advisory body for the expanded Tourism PID boundaries pursuant to Section 372.008 of the Act. The City Council hereby reserves the right to assign responsibility for preparation of the ongoing service plan for the PID to another entity in the absence of such an advisory body, as authorized by Section 372.013(a) of the Act. ADOPTED this 21' day of May, 2024. 4� T ATTEST: Jannette Goodall City Secretary 7' � 000 -v�O Q OO� 9 '4o a �t3o * °O000OCC°o 0 3a -n-- - EXHIBIT A Expanded Boundaries of the Tourism PID (Additional Hotel Property) Account Name Address City, State, Zip RMS Bowie House 3700 Camp Bowie BIvd. Fort Worth, TX 76107 106 Tourism PID Hotels Update as of 4.8.2024 Account Name Address City, State, Zip RMS AC Hotel Fort Worth - Downtown 610 Main St Fort Worth, TX 76102 252 Aloft Downtown Fort Worth 300 Throckmorton Fort Worth, TX 76102 180 American Airlines Training and Conference Center 4601 Slate Hwy 360 Fort Worth, TX 76155 299 Autograph Collection Downtown Fort Worth 512 Main St. Fort Worth, TX 76102 165 Bowie House 3700 Camp Bowie Blvd. Fort Worth, TX 76107 106 Budget Suites of America - Fossil Creek 3500 NE Loop 820 Fort Worth, TX 76137 366 Candlewood Suites - DFW South 4200 Reggis Drive Fort Worth, TX 76155 174 Courtyard by Marriott- Alliance 3001 Amador Dr. Fort Worth, TX 76244 127 Courtyard by Marriott - Blackstone 609 Main Street Fort Worth, TX 76102 203 Sonesl Select (Previously Courtyard by Marriott - Fossil Creek) 3751 NE Loop 820 Fort Worth, TX 76137 154 Courtyard by Marriott - Stockyards 2537 Main St. Fort Worth, TX 76164 124 Courtyard by Marriott - University Drive 3150 Riverfront Fort Worth, TX 76107 130 Courtyard by Marriott - West at Cityview 6400 Overton Ridge Boulevard Fort Worth, TX 76132 104 Dalworth Inn 812 E. Felix Street Fort Worth, TX 76115 120 DFW Airport Marriott South 4151 Contreport Boulevard Fort Worth, TX 76155 295 DFW Marriott Hotel and Golf Club at Champions Circle 3300 Championship Pkwy Fort Worth, TX 76177 286 Embassy Suites Hotel - Downtown Fort Worth 600 Commerce Street Fort Worth, TX 76102 156 Extended Stay America - City View 5065 Bryant Irvin Rd Fort Worth, TX 76132 104 Fairfield Inn & Suites Downtown 1010 Houston Fort Worth, TX 76102 110 Fairfield Inn & Suites Fossil Creek 3701 NE Loop 820 Fort Worth, TX 76137 106 Four Points by Sheraton Fort Worth 6828 North Freeway Fort Worth, TX 76137 113 Hampton Inn and Suites - Westi1-30 2700 Green Oaks Fort Worth, TX 76116 105 Hampton Inn and Suites - DFW South 4201 Reggis Court Fort Worth, TX 76155 116 Hampton Inn and Suites Downtown Fort Worth 1001 Commerce St. Fort Worth, TX 76102 245 Hilton Fort Worth 815 Main Street Fort Worth, TX 76102 294 Hilton Garden Inn - Fort Worth Alliance Airport 2600 Westport Parkway Fort Worth, TX 76177 127 Hilton Garden Inn - Medical Center 912 Northton Street Fort Worth, TX 76104 157 Holiday Inn - DFW Airport South 14320 Centre Station Road Fort Worth, TX 76155 143 Holiday Inn Express - Downtown 1111 W Lancaster Fort Worth, TX 76102 132 Holiday Inn North - Fossil Creek 4635 Gemini Place Fort Worth, TX 76106 126 Home2 Suites by Hilton - Cultural District 3000 & 3012 W Lancaster Ave Fort Worth, TX 76107 114 Homewood Suites - Fossil Creek 3701 Tanacross Fort Worth, TX 76137 137 Homewood Suites - Medical Center 2200 Charlie Lane Fort Worth, TX 76104 157 Hotel Drover, Autograph Collection 200 Mule Alley Drive Fort Worth, TX 76164 200 Hyatt Place - Alliance Town Center 3201 Alliance Town Center Fort Worth, TX 76177 130 Hyatt Place - Cityview 5900 Cityview Street Fort Worth, TX 76132 127 Hyatt Place - Stockyards 132 E Exchange FortWorth, TX 76164 100 Hyatt Place - TCU 2500 West Berry Street Fort Worth, TX 76109 127 Kimpton Hotel 714 Main St Fort Worth, TX 76102 232 La Quinta Inn and Suites - Fort Worth North 2501 Polaris Dr Fort Worth, TX 76137 133 La Quinta Inn and Suites - Southwest 6100 Overton Ridge Fort Worth, TX 76132 128 Omni Fort Worth Hotel 1300 Houston Fort Worth, TX 76102 614 Quality Inn and Suites - Cattle Baron 2700 S Cherry Lane Fort Worth, TX 76116 109 Holiday Inn (Previously -Radisson - Fort Worth South Hotel) 100 Alta Mesa East Fort Worth, TX 76134 247 Radisson Hotel - Fort Worth Fossil Creek 2540 Meacham Street Fort Worth, TX 76106 247 Residence Inn - Alliance Airport 13400 North Freeway Fort Worth, TX 76177 111 Residence Inn - Cultural District 2500 Museum Way Fort Worth, TX 76107 150 Residence Inn - Fossil Creek 5801 Sandshell Drive Fort Worth, TX 76137 114 Residence Inn -Waterside 5825 Arborlawn Drive Fort Worth, TX 76109 119 Sandman Signature Hotel 810 Houston Street Fort Worth, TX 76102 240 Sheraton FortWorth Hotel and Spa 1601 Commerce Street Fort Worth, TX 76102 429 SpringHill Suites by Marriott - Stockyards 2315 N Main St Fort Worth, TX 76164 170 SpringHill Suites by Marriott - University 3250 Lovell Street Fort Worth, TX 76107 145 TownePlace Suites Downtown 801 E Belknap Fort Worth, TX 76102 140 TownePlaoe Suites University 3450 W Vickery Fort Worth, TX 76107 128 WoodSpring Suites Fort Worth 3501 NE Loop 820 Fort Worth, TX 76137 121 Worthington Renaissance Hotel 200 Main Street Fort Worth, TX 76102 504 Total # of Hotels: 57 • Removed The Stay Express Hotel Fort Worth, 2000 Beach Street, Fort Worth, Texas 76103 EXHIBIT B Service Plan City of Fort Worth Five Year SarAca Plan Public Improvement District No.12 -Tourism Fiscal Year 23124 through 26127 REVENUES PID Assessments Total Funds Available for Use EXPENSES Incentives & Sales Efforts Marketing and Research (Prom otion/Advenising) Site Visits & Fam iliarization Tours Cultural Enhancements.th rough Marketing and promotion of the Arts Operations & Administration City Administrative Fee Total Budgeted Expenses Contribution to Fund Balance Total Expenses Net Change In Fund Balance Fund Balance, Beginning of Year Estimated Estimated Fund Balance. End of Year Reserve Requirement Over (Under) Reserve FY2324 FY2425 FY2526 FY2627 S 7.000.000 S 7,320,000 9 S 7,610,000 9 $ 7,880,000 3 1.000,000 S 7,320,000 S -1,610.000 S 7,880,000 $ 3.208.875 $ 3,450,875 $ 3,588.625 S 3,716,875 2,430,750 2,542,750 $644,250 2,738,750 347,250 363.250 377.750 391.250 520,875 644.875 566,625 586.675 347,250 363,250 377.750 391.250 55,000 55,000 55,000 55,000 S 7,000,000 S 7,320,000 S 7.610,000 S 7,880,000 S 71000,000 S 7,370,000 $ 7,610,000 $ 7,880,000 - 7,562,206 7,562.206 7,56Z206 7,562.206 7.562,208 7,562,206 7,562.208 7,562,206 1.220,244 1,266,587 1,313,59S 1,313,596 S 6,341,962 S 6,293,619 S 6.240,610 $ 9.248,610 City of Fort Worth, Texas Mayor and Council Communication DATE: 05/21/24 M&C FILE NUMBER: M&C 24-0447 LOG NAME: 17PID18 MIDYEARAMENDFY24 SUBJECT (ALL) Conduct Public Benefit Hearing Concerning the Following Matters Related to Fort Worth Public Improvement District No. 18 — Tourism: (1) Expansion of the Fort Worth Public Improvement District No. 18 -- Tourism to Include One Additional Hotel, and (2) the 2023-2024 Assessment for the Additional Hotel Property; Adopt the Resolution Authorizing and Expanding the Fort Worth Public Improvement District No. 18 —Tourism to Include One Additional Hotel Property; Approve Revised 2023-2024 Assessment Roll; and Adopt Ordinance Levying Special Assessments on the Additional Hotel Property for'Fiscal Year 2023-2024 (PUBLIC HEARING - a. Report of City Staff: Lacey Ruiz; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C) RECOMMENDATION - It is recommended that the City Council: 1. Conduct Public Benefit Hearing Concerning the following matters related to Fort Worth Public Improvement District No. 18 —Tourism: (1) Expansion of the Fort Worth Public Improvement District No. 18 — Tourism to include one additional hotel property, and (2) the 2023-2024 Assessment for the additional hotel; 2. Adopt the attached Resolution (i) mating certain findings concerning the nature and advisability of the special improvements and services to be provided for the benefit of the additional hotel to be included in the Fort Worth Public Improvement District No. 18 — Tourism, the estimated costs of such improvements and services, the method of assessment, the boundaries of the Fort Worth Public Improvement District No. 18 — Tourism, and the apportionment of costs between the Fort Worth Public Improvement District No. 18— Tourism and the City, as a whole; and (ii) authorizing and expanding the Fort Worth Public Improvement District No. 18 — Tourism to include one additional hotel; 3. Approve the attached, revised 2023-2024 assessment roll. 4. Adopt the attached ordinance levying special assessments on the additional hotel property for Fiscal Year 2023 2024; 5. Direct the City Secretary to record a copy of the Assessment Ordinance in the real property records of the appropriate county no later than the seventh (7th) day after adoption by the City Council. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to conduct a second public hearing concerning the expansion of Fort Worth Public Improvement District 18 - Tourism (Tourism PID) to include one additional hotel property and the 2023-2024 assessment for the additional hotel property, along with certain actions related thereto. The City Council conducted the first public hearing on May 14, 2024, finding that the Petition to Expand the Tourism PID met the requirements set forth in Chapter 372 of the Texas Local Government Code (Code), approving the filling of the revised 2023-2024 assessment roll, and setting this public hearing. On August 29, 2017, the City Council adopted Resolution No. 4837-08-2017, establishing the Tourism PID (Establishing Resolution). The City Council subsequently adopted Resolution Nos. 5264-08-2020 (August 18, 2020), 5382-04-2021 (April 13, 2021), 5467-09-2021 (September 14, 2021), and 5561-04-2022 (April 12, 2022). ►&1[a]:go] =&i:L--h C6100&iliiltjli! Boundaries: The current boundaries of the Tourism PID consist of noncontiguous areas authorized under Section 372.0035 of the Texas Local Government Code (Code) consisting solely of hotel properties with 100 or more rooms ordinarily used for sleeping within the City of Fort Worth. A list of the hotels that are included within the boundaries of the Tourism PID is included in the Original and Expansion Resolutions, copies of which are attached to this M&C within the Petition. Senate Bill 804, 87th Texas Legislature (2021), which went into effect on June 14, 2021, revised Section 372.0121 of the Code to clarify the ability of cities to add new hotels into an existing Tourism PID. One of the new provisions affects the way in which the City calculates (or recalculates) the percentage threshold for adding new hotels into the Tourism PID. SB 804 requires the City to update and recalculate each of the percentage thresholds set forth below every time a new hotel property is added to the Tourism PID. Conversely, the prior version of Section 372.0121 only required the City to calculate the impact that the new hotel property had on the pre-existing thresholds. For example, under SB 804, the City has to update and recalculate the appraised value of each and every existing property in the Tourism PID each time that a new hotel is added; whereas, under the prior legislation, the City simply carried forward the values of the existing hotel properties from the year the hotel properties entered into the Tourism PID. Section 372.0121 of the Code allows the City Council to include additional properties in the Tourism PID if (i) the property is a hotel and (ii) a sufficient number of the record owners of the real property currently included and proposed to be included in the Tourism PID have consented to be included in the Tourism PID by signing the original petition to establish the district or by signing a petition or written consent to include property in the Tourism PD. The number of consenting record owners is sufficient if (1) the record owners own more than 60% of appraised value of taxable real property liable for assessment in the Tourism PID; and either (i) constitute more than 60% of all record owners of taxable real property liable for assessment in the Tourism PID, or (ii) own, in aggregates, more than 60% of the area of all taxable real property liable for assessment in the Tourism PID. If the addition of the new property results in these numbers dropping at or below the 60% threshold, then the property may not be added. Inclusion of the Bowie House hotel, located at 3700 Camp Bowie Blvd., Fort Worth, Texas 76107 (Bowie House) meets the above -stated elements and, therefore, may be considered by the City Council for inclusion into the Tourism PID. The Stay Express Hotel Fort Worth, situated at 2000 Beach Street, Fort Worth, Texas 76103 (Stay Express) is no longer eligible for inclusion in the Tourism PID boundary due to its room count falling below 100. Therefore, it will be excluded from the original petition. First, the Bowie House and the Stay Express are hotel properties. The proposed inclusion of the Bowie House hotel, and the concurrent removal of the Stay Express from the Tourism PID are in compliance with the stipulated criteria. The Bowie House qualifies as a hotel property, and the owner or a duly authorized representative has submitted a petition for its inclusion within the Tourism PID. Following these modifications, the adjusted percentages for the appraised value of taxable real property liable for assessment rise to 80.54%, the area of taxable real property to 69.63%, and the fraction of record owners liable for assessment to 66.67%. These figures remain above the statutory threshold of 60.00%, thereby meeting the required conditions forthe adjustment of the Tourism PID's composition. Nature of the Improvements: The goals of the Tourism PID focus on increasing the economic impact and enhancing competitiveness in conventions, meetings, leisure and sports tourism and increasing tourism -related economic activity at all times, including during economic downturns and as inventory grows. The Tourism PID projects include incentives and sales efforts, convention and sports marketing and promotion, site visits and familiarization tours, community arts grants, convention services, event funding application, operations, research, and administration, all of which benefit the hotels within the Tourism PID. Method of Assessment and Apportionment of Costs: The assessment rate will be an amount equal to 2.00% of the consideration received from the occupancy of any sleeping room fumished by a hotel located within the Tourism PID, with such assessment to be collected in the same manner and in accordance with the same procedures as those established for the collection of the City's Hotel Occupancy Tax, as set forth in Chapter 32, Article II of the City Code, as amended. The entire costs of each improvement and service will be paid from the above -stated assessments and no City funds will be used to pay any portion of such costs unless such funding is approved by the City Council on a case -by -case basis. Costs of the Improvements and Services: The total costs far the adopted services and improvements for the life of the Tourism PID (approximately four years) will be $29,810,000,00, which includes an estimated cost of $7,000,000.00 for the Fiscal Year2023-2024 budget. Assessments for this Fiscal Year began on October 1, 2023. Advisability: Staff recommends that the City Council find that these improvements and services are advisable because they will promote the interests of the City and confer a special benefit on the assessed properties within the expanded boundary of the Tourism PID. Staff recommendation: Staff recommends that City Council adopt the attached resolution authorizing and expanding the Tourism PID to include the above -stated one additional hotel property, along with the corresponding assessment ordinance. A Form 1295 is not required because: This MSC does not request approval of a contract with a business entity. FISCAL INFORMATION ! CERTIFICATION: The Director of Finance certifies that approval of these recommendations will have no material effect on City funds. Submitted for City Manager's Office bv: William Johnson 5806 Originating Business Unit Head: Robert Stums 2663 Additional Information Contact: Lacey Ruiz 2608