HomeMy WebLinkAboutOrdinance 27175-09-2024Ordinance No. 27175-09-2024
AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND
APPROPRIATIONS BY INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 18 - TOURISM FUND FOR FISCAL YEAR 2024-2025 IN THE AMOUNT
OF $7,400,000.00, FROM AVAILABLE FUNDS; PROVIDING FOR A
SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES; REPEALING ALL 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 the budget of the City of Fort Worth for Fiscal Year 2023-2024, as enacted by Ordinance 26453-09-
2023, as amended, is hereby further amended to make the following adjustments to estimated receipts and
appropriations by increasing estimated receipts and appropriations in the Fort Worth Public Improvement
District 18 - Tourism Fund for Fiscal Year 2024-2025 in the amount of $7,400,000.00, from available funds.
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 cumulative of Ordinance 26453-09-2023 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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
Jannette S. Goodall
Assistant City Attorney City Secretary
ADOPTED AND EFFECTIVE: September 17, 2024
City of Fort Worth
Three Year Service Plan
Public Improvement District No. 18 - Tourism
REVENUES
PID Assessments
Total Funds Available for Use
EXPENSES
Incentives & Sales Efforts
Marketing and Research (Promotion/ Advertising)
Site Visits & Familiarization Tours
Cultural Enhancements through 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
FY24125 FY25126 FY26127
$ 7,400,000 $ 7,770,000 $ 8,160,000
$ 7,400,000 $ 7,770,000 $ 8,160,000
$
3,782,675
$
3,973,225
$
4,174,075
2,570,750
2,700,250
2,836,750
146,900
154,300
162,100
550,875
678,625
607,875
293,800
308,600
324,200
55,000
55,000
55,000
$
7,400,000
$
7,770,000
$
8,160,000
$
7,400,000
$
7,770,000
$
8,160,000
6,516, 056
6,516,056
6,516, 056
6,516,056
6,516,056
6,516,056
1,295,259
1,360,272
1,360,272
$
5,220,797
$
5,155,784
$
5,155,784
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/17/24 M&C FILE NUMBER: M&C 24-0780
LOG NAME: 17ED PID18FY25
SUBJECT
(ALL) Conduct Public Benefit Hearing for Fort Worth Public Improvement District No. 18 - Tourism; Adopt Ordinance (1) Approving and Adopting
the Fiscal Year 2024-2025 Budget, Service Plan, Assessment Plan, and Assessment Roll, and (2) Levying Special Assessments for Fiscal Year
2024-2025; and Adopt Attached Appropriation Ordinance
(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 a public benefit hearing concerning the proposed special assessments on property located in Fort Worth Public Improvement
District 18 - Tourism for Fiscal Year 2024-2025;
2. Adopt the attached ordinance: (1) approving and adopting the Fiscal Year 2024-2025 budget in the amount of $7,400,000.00, service plan,
assessment plan, and assessment roll (on file with the City Secretary) for the Tourism PID; and (2) levying special assessments on property
located within the Fort Worth Public Improvement District 18 - Tourism (Service Assessment Plan and Assessment Ordinance);
3. Direct the City Secretary to record a copy of the Service and Assessment Plan and Assessment Ordinance in the real property records of
the county in which the properties are located no later than the seventh (7th) day after adoption by the City Council; and
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
18 - Tourism Fund for Fiscal Year 2024-2025 in the amount of $7,400,000.00, from available funds.
DISCUSSION:
On August 29, 2017, the Mayor and City Council adopted Resolution No. 4837-08-2017, establishing the Fort Worth Public Improvement District
No. 18, Tourism (Tourism PID). The City Council subsequently approved the expansion of the Tourism PID to include additional hotels on August
18, 2020 (Resolution No. 5264-08-2020). April 13, 2021 (Resolution No. 5382-04-2021), September 14, 2021 (Resolution No. 5467-09-
2021), April4, 2022 (Resolution No. 5561-04-2022) and May 14, 2024 (Resolution No. 5958-05-2024).
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2024-2025 budget and service plan for the
Tourism PID and the proposed assessments to be levied on each property in the Tourism PID for the 2024-2025 fiscal year. Following the public
hearing, it is recommended that the City Council: adopt the attached ordinances (1) approving and adopting the budget, service plan, assessment
plan, and assessment roll; (2) levying the proposed assessments; and (3) appropriating funds. The service plan only covers a period of three
years because the Tourism PID expires on or about September 30, 2027, so there is no established service plan past the expiration of
the Tourism PID.
The improvements and services to be provided in the Tourism PID during Fiscal Year 2025 and the associated costs thereof are as follows:
Fiscal Year 2025 Budget
Improvements
Total Budgeted
Costs
Incentive & Sales Efforts
$3,782,675.00
Marketing and Research (Promotion/Advertising)
$2,570,750.00
Site Visits & Familiarization Tours
$146,900.00
Cultural Enhancements through Marketing and
promotion of the Arts
$550,875.00
Operations & Administration 7$293,800.00
City Administrative Fee
$55,000.00
Total Expenses
$7,400,000.00
The total budgeted costs of the improvements and services are $7,400,000.00, all of which will be funded by the ownersfoperators of Tourism PID
hotels with 100 or more rooms paying a special assessment at a rate of two percent of revenues they receive from a hotel room. The
owners/operators may seek reimbursement in an amount equal to the special assessment from hotel guests, with such reimbursement being a
mandatory charge that is subject to state and local hotel tax.
On August 27, 2024, the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2024 2025 budget, three-year
service plan, and 2024 assessments for the Tourism PID. Notice of the August 27, 2024, benefit nearing and this hearing were published in
the Fort Worth Star -Telegram on August 9, 2024, and mailed to all hotel owners on record in the Tourism PID on August 9, 2024, in accordance
with state law.
In Fiscal Year 2018, the City entered into a contract with the Fort Worth Tourism Public Improvement District Corporation (FWTPIDC) and the Fort
Worth Convention and Visitors Bureau (FWCVB) to manage the operations of the Tourism PID. The term of this agreement is commensurate with
the term of the Tourism PID; thus, the FWTPIDC and the FWCVB will continue to manage the operations of the Tourism PID for Fiscal Year 2024-
2025.
Funding will be budgeted within the FWPID #18 - Tourism Fund for Fiscal Year 2025.
The Tourism PID properties are located in ALL COUNCIL DISTRICTS.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION ! CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2025 Budget by the City
Council, funds will be available in the Fiscal Year 2025 operating budget, as appropriated, in the FWPID #18 -Tourism Fund. Prior to any
expenditure being incurred, the Economic Development Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office . William Johnson 5806
Originating Business Unit Head: Robert Stums 2663
Additional Inform Cont Lacey Ruiz 2608