HomeMy WebLinkAboutOrdinance 20904-09-2013 Ordinance No. 20904-09-2013
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC -IMPROVEMENT DISTRICT 1 FISCAL YEAR
2013-2014 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND
IN THE AMOUNT OF $1,962,966.00, FROM AVAILABLE FUNDS, CONTINGENT
UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS
FOR THE 2013 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT
AND IMPROVEMENT SERVICES FOR THE DOWNTOWN PUBLIC
IMPROVEMENT DISTRICT DURING FISCAL YEAR 2013-2014; 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 in addition to those amounts allocated to the various City departments for Fiscal Year 2013-2014 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Public
Improvement District 1 Fiscal Year 2013-2014 Project Account of the Special Assessment District Fund in
the amount of$1,962,966.00, from available funds, contingent upon the adoption of the ordinance levying
special assessments for the 2013 Tax Year, for the purpose of providing management and improvement
services for the Downtown Public Improvement District during Fiscal Year 2013-2014.
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 begimiing October 1, 2013, and ending
September 30, 2014, 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hereby expressly repealed.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 A TO FORM AND LEGALITY:
Assistant CityAttorney �—aiy 1. er, ty ecretary
ADOPTED AND EFF ECTIVE: September 10,2013
City of Fort Worth
PID#1 PROPOSED BUDGET&FIVE YEAR SERVICE PLAN
FY13/14 FY14/15 FY 15/16 FY 16/17 FY 17/18
REVENUES
PID Assessments $ 1,632,610 $ 1,715,200 $ 1,766,656 $ 1,819,655 $ 1,874,245
COFW Assessments $ 191,858 $ 195,500 $ 200,000 $ 204,000 $ 208,000
City Pay.in-lieu of Service $ 138,498 $ 141,300 $ 144,000 $ 147,000 $ 150,000
PID Generated Revenue $ 148,657 $ 149,000 $ 150,000 $ 161,000 $ 163,000
Prior Year's assessment $ 303,527 $ 182,005 $ 134,155 $ 103,075 $ 117,075
Total Revenues $ 2,415,150 $ 2,383,005 $ 2,394,811 $ 2,434,730 $ 2,512,320
EXPENSES
Management Fee(Admin.) $ 323,755 $ 330,000 $ 336,323 $ 341,092 $ 355,420
Water $ 14,000 $ 14,500 $ 15,000 $ 15,500 $ 15,500
Utilities $ 14,500 $ 15,000 $ 15,500 $ 16,000 $ 16,000
Landscape/Tree Mainten. $ 64,516 $ 65,800 $ 67,000 $ 68,450 $ 69,500
Trash Remov.(other Maint.) $ 1,105,487 $ 1,125,000 $ 1,145,000 $ 1,150,000 $ 1,157,480
Holiday Light.lDeco.(Repairs) $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 20,000
Security Enhancement $ 78,900 $ 55,000 $ 56,000 $ 57,000 $ 58,000
Communica./Newsletters $ 20,200 $ 20,200 $ 20,200 $ 20,200 $ 20,200
Marketing(&Research) $ 340,935 $ 342,814 $ 348,000 $ 352,000 $ 359,500
Transportation&Planning $ 199,993 $ 209,000 $ 213,000 $ 219,000 $ 224,000
Capital Improvements $ 5,000 $ 2,500 $ 2,500 $ 2,500 $ 2,500
Insurance $ 4,100 $ 4,500 $ 7,000 $ 7,500 $ 7,500
Annual review(Audit) $ 7,500 $ 8,500 $ 9,000 $ 10,000 $ 10,000
City Administrative Fee $ 39,259 $ 41,036 $ 42,213 $ 43,413 $ 44,645
Budget Expenses $ 2,233,145 $ 2,248,850 $ 2,291,736 $ 2,317,655 $ 2,360,245
Estimated Operating Reserve $ 182,005 $ 134,155 $ 103,075 $ 117,075 $ 152,075
Total Expenses $ 2,415,150 $ 2,383,005 $ 2,394,811 $ 2,434,730 $ 2,512,320
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City of Fora` Worth, Texas
Mayor and Council Communication
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DATE: Tuesday, September 10, 2013 REFERENCE NO.: BH-300
LOG NAME: 17PID1 FY14PBH
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 1, Downtown PID, Concerning the
Proposed 2013-2014 Budget in the Amount of$2,415,150.00 and Five-Year Service Plan and Proposed
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2013 Tax Year in the Amount of
$1,632,610.00, Authorize Transfer in the Amount of$138,498.00 from the General Fund to the Special
Assessment District Fund for the City's Payment in Lieu of Services, Authorize Transfer in the Amount of
$191,858.00 from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu
of Assessment, Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special
Assessment District Fund in the Amount of$1,962,966.00 and Special Trust Fund in the Amount of
$39,259.00 for Fiscal Year 2013-2014 and Authorize Execution of an Agreement with Downtown Fort
Worth, Inc., to Manage the District (COUNCIL DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a public benefit hearing concerning the proposed special assessments on the property located in
Public Improvement District 1, Downtown Public Improvement District for the 2013 tax year;
2. Approve the attached 2013-2014 Fiscal Year Budget and Five-Year Service Plan for the Downtown
Public Improvement District;
3. Adopt the attached ordinance levying special assessments on the property located in the Downtown
Public Improvement District for the 2013 tax year;
4. Authorize a transfer in the amount of $138,498.00 from the General Fund to the Special Assessment
District Fund, Public Improvement District 1 Fiscal Year 2013-2014 Project Account for the City's payment
in-lieu of services;
5. Authorize a transfer in the amount of $191,858.00 from the General Fund to the Special Assessment
District Fund, Public Improvement District 1 Fiscal Year 2013-2014 Project Account for the City's payment
in-lieu of assessments;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Public Improvement District 1 Fiscal Year 2013-2014 Project Account of the Special Assessment District
Fund in the amount of$1,962,966.00 from available funds;
7. Authorize a transfer in the amount of $39,259.00 for administrative fees from the Special Assessment
District Fund, Public Improvement District 1 Fiscal Year 2013-2014 Project Account to the Special Trust
Fund contingent upon the adoption of the proposed 2013 Assessment Roll;
Logname: I7PID I FY 14PBH Pagel of 3
8, Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund in the amount of$39,259.00 from available funds; and
9. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., to provide management and
improvement services for the Downtown Public Improvement District during Fiscal Year 2013-2014 for the
sum in the amount of$323,755.00.
DISCUSSION:
On June 23, 2009, (M&C C-23627) the City Council adopted Resolution No. 3756-06-2009 re-establishing
Fort Worth Public Improvement District 1 (Downtown PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2013-2014 Fiscal
Year budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each
property in the PID for the 2013 tax year. Following the public hearing, it is recommended that the City
Council approve the attached budget and Five-Year Service Plan of the PID, adopt the attached ordinance
levying the proposed assessments and adopt the appropriation ordinances allocating estimated receipts to
the Downtown PID's fund.
On August 20, 2013, (M&C 131-1-292) the City Council conducted a public hearing to receive comments on
the proposed 2013-2014 Fiscal Year budget and five-year service plan for the PID. Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Downtown PID
in accordance with state law.
The improvements and services to be provided in the PID during the 2013-2014 Fiscal Year and the costs
thereof are as follows:
Improvements Total Budgeted
Costs
Management Fee (Admin.) $ 323,755.00
Water $ 14,000.00
Lalnldsca e/Tree Maintenance $ 64 500.00
p 516.00
jTrash Removal (other j
Maintenance) $1,105,487.00
Holiday Lighting $ 15,000.00
(Deco rations/Repai rs)
Security Enhancement $ 78,900.00
Communications/Newsletters j $ 20,200.00
'Marketing (and Research) $ 340,935.001
Transportation and Planning $ 199,993.00
Capital Improvements $ 5,000.00
Insurance $ 41100.00
lAnnual review (Audit) $ 7,500.00
;City Administrative Fee $ 39,259.001
IBudget Expenses $2,233,145.00
1
Logname: 17PIDlF'Y14PBH Page 2 of
Estimated Operating Reserve $ 182,005.00
Total Expenses $2,415,150.00!
The total budgeted costs of the improvements are in the amount of $2,415,150.00. Of this amount,
$1,632,610.00 will be funded by assessments collected on privately owned parcels located in the PID by
applying a rate of $0.10 cents to each $100.00 of property value. The remainder of the costs in the
amount of $782,540.00 will be funded by other revenue sources including the amount of $191,858.00 in
direct payments from the City for payment in-lieu of assessments, the amount of $138,498.00 in direct
payments from the City for payment in-lieu of services, the amount of$148,657 in revenues generated by
PID activities and the amount of$303,527 from prior years" assessments and revenues.
The Downtown PID is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
and the adoption of the Fiscal Year 2013-2014 budget by the City Council, funds will be available in the
Fiscal Year 2014 Operating Budgets, as appropriated, of the Special Assessment District Fund, Special
Trust Fund and General Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
7)8) FE72 481306 017587001000 $39,259.00 7)GS87 539120 002501002000 $39,259.00
8) FE72 511010 017587001000 $39,259.00 4)GG01 539120 0801000 $138,498.00
4)6}GS87 488010 002501002000 $138,498.00 5)GG01 539120 0801000 $191,858.00
5)6)GS87 488010 002501002000 $191,858.00 9)GS87 539120 002501002000 $323,755.00
6)GS87 488342 002501002000 $1,632,610.00
6)GS87 539120 002501002000 $1,962,966.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Cynthia Garcia (8187)
Ossana Hermosillo (6203)
Additional Information Contact: Robert Sturns (8003)
Logname: 17PIDIFY14PBH Page 3 of 3