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Home My WebLink AboutOrdinance 18694-06-2009OrVir-,pnr,Na. ',8694-06'2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND INTHE AMOUNT OF$46.V50VV.FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NUMBER l (D0Y/NT0VVN>: PROVIDING FOR A SEYERA8U|TY CLAUSE MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES: REPEALING ALL ORDINANCES IN CONFLICT HEREWITH: AND PROVIDING ANEFFECTIVE DATE. D[|TORDAINED DYTHE CITY COUNCIL OFTHE CITY OFFORT YVORTU.TEXAS SECTION That in addition to those amounts allocated to (he various City departments for Fiscal Year 2008-2009, there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in [he amount n/S46.VtV.O0,from available funds. for the purpose of funding improvements and services inPublic Improvement District Number 1(Dn*otown�. 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 ufco.npoiootjurisdiction, such decision. u[ivmn or judgment shall in no way impair the remaining portions. occtwnu, or parts of sections of this ordinance, which said remaining provisions shall be arid remain in full force and effect. SECTION 3, That Ihiq ordinance shall be Cumulative Of Ordinance No. 18283 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 in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. Thaordinance shall take effect upon odopbon. APPROVED AST(}FORM ANDL[GAUTY ' _ .—--_— y fl NAIN t-NO 13d.44-'IT— 00") la695 on-1.h09 PROPOSED PID 1 PETITION FINDINGS Texas Local Government Code, Section 372.O05 Petition states - The petition is sufficient if signed by: (1; owners of taxable real properly representing more than 50 percent of the appraised valbe of taxable real property 'fable for assessment under the proposal as determined by the current roll of [he appraisal district in which the property is located' and (2) record owners of real property liable for assessment under the proposal who: Jnstitute more than 50 percent of all record owners of property that is liable for ssessment under the proposal: or (B1 own taxable real property that constitutes more than 50 percent of the area of all taxable real property tha: is liable for assessment under the proposal. Herein are the statistics: Total appraised value of property within the district Total appraised value of property liable for assessment Appraised value of property belonging to records owners who signed petition Percentage of appraised value of property liable for assessment whose record owners have signed the petition The above satisfies the requirements under Section 372.005(b)(11 $ 2.282.202,455 5 1.599.954.987 $ 1,291,067.619 80.69 Total number of different owners in (he proposed district 599 Total number of different owners signing the petition 237 Total number of petitions whose ownership matched the TAD roll 469 Percentage of valid petitions within the proposed district 39.57 70 The above satisfies the requirements under Section 372.005(b)l21(A) Total acreage in the proposed district Total acreage of properties represented by petitions submitted Percentage of valid petitions' within the proposed district The above satisfies the requirements under Section 372.0051b)(2)(8) in conclusion. staff finds the petitions submitted by the PID 1 petttioners have rnet the requirements under Secton 372 r)051hi of the Texas Boca' Government Code 235 6608 148.0018 62.80 % PID #1 Dow(ntown RESOLUTION NO. 3756-06-2009, ORDINANCE NO. 18694-06-2009 & 18695-06-2009 lc H 4. S:=7•St‘) ''. 7 \ ...:4?7• • -'.• e ''''‘• l•"4( ' ". ...• "-•`.`: "..,,,••• "; 0.17--t, ".-'4' „" , . .":\ ' '", ..•••••" \ -:.•' \ ‘• \ l \ \ ‘• t • —1;-,A•X \ \ \C-. 1 ` % 464" • .-'• i \,, 4 \ a. .... ,..,1 2.04 - Ce 1LE (Z. CT. --I ...1 U. 1 .11-1 uj 14N., ce', thi 4;\ \-4•.\-\\ R.0 — ‘1 0 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 6/23/2009 • Res. No. 3756-06-2009, Ord. No. 18694-06- 2009 & 18695-06-2009 DATE: Tuesday. June 23, 2009 REFERENCE NO.: C-23627 LOG NAME: 17PID1PUBHEAR TO RE -EST SUBJECT: Declare the Sufficiency of a Petition Requesting the Re-establishment of Fort Worth. Public Improvement District No. 1(Downtown PID), Conduct Public Hearing Regarding the Proposed Re-establishment of the District and the Improvements and Services to be Undertaken. Adopt a Resolution Re-establishing the District, Adopt a Budget and Service Plan for the District, Adopt Related Appropriation Ordinances and Authorize Related Funds Transfer; and Authorize Execution of a Contract for Management Services in the District with Downtown Fort Worth, Inc. RECOMMENDATION: It is recommended that the City Coun 1. Find that the petition requesting re-establishment of Fort Worth Public Improvement District No. 1 t Downtown PID) meets the requirements necessary for the City Council to designate the proposed area as a public improvement district pursuant to Chapter 372 of the Texas Local Government Code, based on the petition summary attached hereto; 2. Hold a public hearing to consider the following matters. • The advisability of re-establishing the Downtown PID for a term of approximately 20 years, expiring September 30, 2009: • The general nature of the proposed improvements and/or services to be undertaken in the Downtown PID (Section 1.3 of the attached Resolution): • The estimated costs of the improvements andicr services jAttachment 1 of the attached Re.solulion), • The proposed boundaries of the Downtown PID (Section 1.5 and Attachment 2 of the attached Resolution): and • The proposed methods of assessment: :3 "E" CHtiHitTh i.1:;14-Thr: 110 44 U111.1 1C-1 4 Direct the fmtv Secrelary to publish notit. cif the re- estab!:shtnent -if the DeTivntovvii P1D as reco tired by •:cir I Lienaine: ;I'll l'1.11.111-.A14. I I 01 Project Account); 6.Authorize the transfer nfS1,290DUfor administrative fees from the Special Assessment District Fund (Public Improvement District No. 1 Fiscal Year Z009Project Account) <uthe Special Tn|9tFund: 7. Adopt the attached appropriation ordinance increasing esliniated receipts and appropriations in the Special Trust Fund for S1,200.0Ofrom avmi|a0lofunds. arid 8.Authorize the City Manager k)execute acontract with Downtown Fort 'vYnrth.hc.\opruvide management services to the Downtown PID. DISCUSSION: Fort Worth Public Improvement District No. I (the Downtown P|D)will expire nnJuly 20.2009. On April 30, 2009, the City received a petition requesting re-establishment of lhe Downtown PID for a 20 year term. The staff has reviewed the petition and determined that ||contains sufficient signatures and meets other requirements of Chapter 372 of the Texas Local Government Code necessary for the City Council to /eestablish the Downtown P|D. The Downtown PID comprises most of what is considered downtown Fort Worth. The actual property description and umap ofthe Downtown P|Disset forth inSection 1.6and Attachment 2nf the attached Resolution. Proposed improvements and services to be undertaken in the Downtown PID include a maintenance program, a promotions program, a marketing arid communications program, a security enhancement program, a transportation and planning program and a district management program, as more specifically described in Section 1 .3 and Attachment 1 of the attached Resolution. The term nf the re-established Downtown PID will be approximately 20 years, taking effect on the later of July 21. 2009, or 'the date that notice of the City Council's adoption of the attached Resolution re-establishing the Downtown PID has been published in a newspaper of general circulation in the City and expiring on September 30. 2029. The Downtown I will continue to be managed by Downtown Fort Worth. Inc. {)nSeptember Q'2VU8`1 M&C8H-2115)the City Council adopted abudget for the 2O08'2O09fiscal year and 5-year service plan for the Downtown PID. Typically, the City Council is asked to approve appropriate mid -year adjustments for all PIDs following the staff's mid -year review of PID budgets.Because the Downtown PID is expiring in the midst of the 2008-2009 fiscal year. City staff recommends that the City Council fulfill this task by approving the revised 2008-2009 fiscal year budget as the initial budget for the re-established P|D,00set iioSection 1.4ofthe attached Resolution. The proposed 2OO8'Z00Ofiscal year budget revisions. together with explanations, are ao(n/|oxn� Line Item Approved Budget Mid -Year MaGxqe«w-nit S-124 2U('00 �-'`<�� ^ ';n+i/m> i� 6 � & &419_31,9 o�) CnAtmgeU[V 340,36908 Cl|,,4Jo-�ir|,;tr�i!i9m 5.451()U (|-1'||)||'LH|{[AR, 1'/K| [�,l }^��, "1,3 1� A$45.870.U0decrease inK1ainVenanceand Landocai 7� Acerrospondiogworeaoa\uK1arkeiinghyrthe°YouGeiitxV�eoynuGe|Heve"rnarkwhog canopa\gni 3. A$%4.877.OUdecrease ioSecurity: 4. 4$36,5718Oincrease tnTransportation and P|annino/upec|a|projects for(hegatevvayprcyrarn. and $50,000.DO in additional assessments to re -design and upgrade the General Worth Square where astatue nfJFKi t8Fort Worth) will heen*cLmd� 6. Adecrease of S6.33680from savings \nthe Management Fee, and 6 Anincrease cf $1,290 00 paid to City (the City Administration Fee). based on two percent of surn of assessments for the 2O0Gtax year Improvements and services provided for the remainder 8/the 20O8'2UU8fiuca|year will h8paid from the balance of assessment revenues currently on depcsit in the Downtown PID fund. A beriefil hearing will be scheduled inSeptember 20UStuapprove the budget for the 2UO0'2010fiscal year and to levy assessments to fund the improvements and services provided in that year. The property within the Downtown P|Dislocated ioCOUNCIL DISTRICT 9. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current operating budgets. as appropriated, of the Special Assessment District Fund and the Special Trust Fund. FUND CENTERS: TOFun d[4ccount/C enters 5>GS07 408342 002501002000 5>G387 530120 002501002000 6)7VFE72 -:01305 017587001000 7)FE72 511010 017587001000 CERTIFICATIONS: Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: FROM Fund6Accmunt/CemterG 540650.00 6)CS67 539120 002501002000 840,05OAO $1,29000 $1,29000 Thomas Higgins (6140) JoyCnapm (6192) Sylvia Flores (05S0) $1.290.00 1`||)iMLit ||�\k|()N| L, I �