HomeMy WebLinkAboutOrdinance 18695-06-2009Ordinance No, 18895-0G-2009
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $1.200.00 FROM AVAILABLE
FUNDS, FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN
PUBLIC IMPROVEMENT DISTRICT NUMBER 1 (DOWNTOWN); PROVIDING FOR A
SEVERABILITY CLAUSE: MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES: REPEALING ALL ORDINANCES IN CONFLICT HEREVVITH: 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 Animated to the various City departments for Fiscal Year 2008-2009. there
shall also be increased estimated receipts and appropriations in the Special Trust Fund in the amount of
S1,290.00. from available funds, for the purpose of funding improvements and services in Public
Improvement District Number 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 ur 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 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ordinances and appropriations are hereby expressly repealed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.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY-
Ap.rgf-ey
ON.JriANCL NO 18G4e-irh-70080S-2.0.C9
PROPOSED PID 1 PETITION FINDINGS
Texas Local Government Code Section 372 005 Petition states.
(b) Tne petition is sufficient if signed by
tit owners or taxable real property representing more Than 50 percent of the appraised .alue el
la sole real property liable for assessment under the proposal. as determined by the current roll of the
appraisal district in which the property is located; and
ecord owners of real property liable for assessment wider the proposal who.
tA) constitute more than 50 percent of all record owners of property that is Fable for
assossmenl under the proposal, or
?SI own taxable real property Ural constitutes more than 50 percent of the area of ail taxable
real property that is liable for assessment under the proposal.
Herein are the st
Total appraised value of property within the district $ 2.282,202,455
Total appraised value of property liable for assessment $ 1,599.954,967
Appraised value of property belonging to records owners who signed petition 5 1,291,067.619
Percentage of appraised value of property liable for assessment whose
record owners have signed the petition 80.69
The above satisfies the requirements under Section 372 005(b)(1
Total number of different owners in the proposed district 599
Total nurnber of different owners signing the petition 237
Total number of petitions whose ownership matched the TAG) roll 469
Percentage of valid petitions within the proposed district 39.57
The above satisfies the requirements under Section 372.005(b)l2)(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 372.005(01t2)(B)
In conclusion staff finds the petitions submitted by the PAD 1 petitioners ha,e met
the requirements under SecLcn 372 eC.5(bn of the Texas Local Goverhrnert Grade
235 6608
148.0016
62.80 %
PID #1 —Downtown
RESOLUTION NO. 3756-06-2009, ORDINANCE NO. 18694-06-2009 8 18695-06-2009
City of Fort Worth Texas
Mayor andCouncil
Communication
COUNCIL ACTION: Approved on 6/2312009 "RG!s� No. 3756-06~2009' Ord. No. 18694"06^
2009 & 18695`06~2009
DATE: Tuesday, June 23, 2009 REFERENCE NO.: C-23627
LOG NAME: 17P|D1PU8HEART0RE-EST
SUBJECT:
Declare the Sufficiency of a Petition Requesting the Re-establishment of Fort Worth Public Improvement
District No. I(Downlown PID), Conduct Public Hearing Regarding the Proposed Re-establishment of the
District and the Improvements and Services to be Undertaken. Adopt a Resolution Re-establishirig the
Distriv�, Adopt a Budget and Sen/ice Plan for the District, Adopt Re|ated Appropriation Ordinances and
Authorize Related Funds Transfer, and Authorize Exacu|innnfaContract for Management Services inthe
District m/khDowntown Fort Worth, Inc.
RECOMMENDATION:
hmrecommended that the City Council:
1Fiod1ha1thepe\itinnrequevtingoe'*S|ob|iah/neo|ofFnr|YVorthPub|iC|olpnove/nontDio1rictNn.1
(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 3O,2O09.
wThe general nature o/the proposed improvements and /orservices tubeundertaken inthe
Dowo1ovvoP|D(Soc6on 1]ofthe nKachedRaso|utinn):
• The estimated costs of the improvements and!or services (Attachment 1 of the attached
Resolution):
• The proposed boundaries of the Downlown PID (Section 1 5 and Attaclrnnent 2o/the attached
Raxn|uUoo):and
wThe p/:posoio)*|hrdsn/ass9oomenL
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Project Account);
6. Authorize the transfer of $1.290.00 for administrative fees from the Special Assessment Distil Fund
(Public Improvement District No. 1 Fiscal Year 2009 Project Account) to the Special Trust Fund,
7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund for 31,290.00 from available funds: and
8. Authorize the City Manager to execute a ccntract with Downtown Fort Worth, Inc., to provide
management services to the Downtown PID.
DISCUSSION:
Fort Worth Public Improvement District No. 1 (the Downtown PID) will expire on July 20, 2009. On April
30. 2009. the City received a petition requesting re-establishment of the Downtown PID for a 20 year
term. The staff has reviewed the petition and determined that it contains sufficient signatures and meets
other requirements of Chapter 372 of the Texas Local Government Code necessary for the City Council to
re-establish the Downtown PID.
The Downtown PID comprises most of what is considered downtown Fort Worth. The actual properly
description and a map of the Downtown PID is set forth in Section 1.5 and Attachment 2 of the attached
Resolution. Proposed improvements and services to be undertaken in the Downtown PID include a
maintenance program, a promotions program, a marketing and 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 of 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 PID will continue to be managed by Downtown Fort Worth. Inc.
On September 9, 2008. (M&C BH-235) the City Council adopted a budget for the 2008-2009 fiscal 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 PID. as set forth in Section 1.4 of the attached Resolution. The proposed 2003-2009 fiscal
ar budget revisions. together with explanations. are as follows:
Item Approved Budget Mid -Year
Adjustments
Contingency
Cfy .Admin;Rfrnty n
;r;38 142.
3419.3 13.:v
S40.369.00
Revised
Budget
S_>.1 7 8t35 ; x�
S40.369.00
1_.,:uruuc: I I'IL)IPI LlIL IK fi!
1. A$45,878.J0decrease ioMaintenance and Landscaping:
2. A corresponding ircieasp to Marketing for the "You Get it When you Get Here" markeiing
campaign:
3A534.877.ODdecrease mSecuri|y�
4. A S36,572.00 increase to Transportation and Plannirig:'special projects for the gateway program,
and $5U.00O00inadditional assessments toro'desigoand upgrade the General YVodhSquare
where astatue ofJFK(gift toFort YVorl.hlwill 0eeretted�
5. Adecrease of30,33S,O0from savings i:the Management Fee: and
8� An increase of S1.290.00 paid to City (the City Administration Fee), based an two percent of sum of
assessments for the 2008tax year.
Improvements and services provided for the remainder of the 2008-2009 fiscal year will be paid from the
balance of assessment revenues currently an deposit in the Downtown PID fund. /\ benefit hearing will be
scheduled in September 2009 to approve the budget for the 2009-2010 fiscal year and to levy
assessments 1nfund the improvements and services provided wthat year.
The property within the Downtown P|Dislocated inCOUNCIL DISTRICT Q.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
aiid 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:
TOFumd/4ccounoCenters
5)OS07 403342 002501002000
5>GS07 539120 002501002000
6)}))FE72 481300 017587001000
7>F[72 511010 017507001000
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
FROMFund/Aocount8Cen0ers
S40.65000 5|G30/ 539120 002501002000
S40,O50O0
S1280,V0
$1.290.00
Thomas Higgins (6140)
JoyChapa (8192)
Sylvia Flores (8550)
$l`200.0V
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