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Home My WebLink AboutOrdinance 20923-09-2013 Ordinance No. 20923-09-2013 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE AMOUNT OF $2,000.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING ASSESSMENTS, FOR THE PURPOSE OF ADMINISTRATIVE FEES FOR THE PUBLIC IMPROVEMENT DISTRICT 14 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 WORTI I, 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 Special Trust Fund in the amount of$2,000,00, from available funds, contingent upon the adoption of the ordinance levying assessments, for the purpose of administrative fees for the Public Improvement District 14 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 beginning 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 AS TO FORM AND LEGALITY: Assistant City Attorney �A'ry PJ.K S c etary ADOPTED AND EFFECTIVE: September 10,2013 City of Fort Worth PROPOSED 2U1%'14 BUDGET AND FIVE YEAR SERVICE PLAN Public Improvement District No. 14 ' Trinity 8|vff FY13114 FY14/15 FY 15/16 FY 16/17 FY 17118 REVENUES P|DA0000emen(s $ 30.000 $ 57.000 8 03.000 $ 04.250 $ 65.585 Prior Year's assessment $ 10,970 $ 7,727 $ 24,944 $ 42,721 $ 28,873 Total Revenues $ 48.070 $ 64,727 * 87.944 $ 100.971 $ 94.408 EXPENSES Management Fee(Admin.) $ 1.800 $ 3.840 $ 3.780 $ 3.855 $ 3.920 Water $ 1.000 $ 1'500 $ 1.500 $ 1.500 UUUUea $ 3.000 $ 3.008 $ 3.000 * 3.000 Lendaoopo/TnaoMoinL $ 12.000 $ 13.000 $ 15.000 $ 17.000 $ 22.000 Trash Removal(all other K4aintj $ 8.443 $ 8.443 $ 8.443 $ 38.443 $ 38.443 Marketing (Banners) $ 8.000 & 0.000 % 10.000 $ 10.800 $ 12.000 Insurance $ 500 $ 500 $ 750 $ 750 $ 750 Annual review(Audit) $ 500 $ 500 $ 750 % 750 $ 750 City Administrative Fee $ 2.000 $ 2.000 $ 2.000 $ 2.000 $ 2.000 Budget Eupeooao $ 33.243 $ 39.783 $ 45,223 $ 78,008 $ 84.363 Esdmmt.Opmnwting Res. $ 7,727 $ $ Total Expenses $ 40,970 $ 64,727 $ 87,944 $ 100.971 $ 94.408 • - I Irv) • 1 y� a�4 »�. 34, � V, • All it y r • � as � , �� r r J, 0 � 1 j i/lrlJ % rw ru � dYrr • r��..�1 %�ii 1. � /�� ^ll,'.�,%�I71� � �io�., m rul� u f A, tiiGst� / 1 A✓ COI » y a� r xi l r 1r ,a f 40 „ A �five � ��, � � ww�t �� +� •� � � �, N I µ o- �` w ti✓ w uV^1 Nt; MY > e i g tirx i ra y yzp yµ P Copyright of 1 rt Worih. 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City of Fort Worth, Texas Mayor and Council Communication rPraMwunou+rcoivaiarnwiwrtmow,w,wunmouivamrowvvai�miuoibmwmw'maemu�n iiiiwnniwummwa!mwamimmmnrmre,+mnmaaar✓„nmmumr✓ax i.�i,aiv� mwouuv rmcurcn�me�romus ,.m�nom✓,mnuuirw rrirriUiumumwii . umr.�m mnunumunwx+mmmwurnmimwrruoawommuxrcnwremumnrwrnh;u.wvnrnnmmakAnxA xanAamauArmmre COUNCIL,ACTION.* Approved on 9/10/2013 - Ordinance Nos, 20921-09-2013'20922-09- 2013, 20923-09-2013 DATE: Tuesday, September 10, 2013 REFERENCE NO.: BH-306 LOG NAME: 17PID14FY14PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 14, Trinity Bluff PID, Concerning the Proposed 2013-2014 Budget in the Amount of$40,970.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2013 Tax Year in the Amount of $30,000.00, Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special Assessment District Fund in the Amount of$30,000.00 and Special Trust Fund in the Amount of $2,000.00 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. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 14, Trinity Bluff PID for the 2013 tax year; 2. Approve the attached Fiscal Year 2013-2014 budget and Five-Year Service Plan for the Trinity Bluff PID; 3. Adopt the attached ordinance levying special assessments on the property in the Trinity Bluff PID subject to assessment for the 2013 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 14 Fiscal Year 2013-2014 Project Account of the Special Assessment District Fund in the amount of $30,000.00 from available funds; 5. Authorize a transfer in the amount of$2,000.00 for administrative fees from the Special Assessment District Fund, Public Improvement District 14 Fiscal Year 2013-2014 Project Account to the Special Trust Fund contingent upon the adoption of the proposed ordinance levying assessments; 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund in the amount of$2,000,00 from available funds; and 7. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., to provide management and improvement services for the Trinity Bluff PID during Fiscal Year 2013-2014 for the sum in the amount of $1,800.00. DISCUSSION: On June 16, 2009, the City Council adopted Resolution No. 3748-06-2009 establishing Fort Worth Public Logname: 17PI,D14FY14PBH Pagel of 3 Improvement District 14 (Trinity Bluff 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, adopt the attached ordinance levying the proposed assessments and to adopt the attached appropriation ordinances allocating estimated receipts to the Trinity Bluff PID's fund. On August 20, 2013, (M&C BH-298) the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2013-2014 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 Trinity Bluff PID in accordance with state law. The improvements and services to be provided in the PID during the Fiscal Year 2013-2014 and the costs thereof are as follows: Improvements Total Budgeted Costs ,Management Fee (Admin.) 1,800.00 �Landscape/Tree Maintenance $12,000.00 iTrash Removal 81,443.90 (B d j Marketing(Banners an $ 8,000.00 ,Maintenance) Insurance 500.00 lAnnual review (Audit) 500.00, (City Administrative Fee $ 2,000.00' ;Budget Expenses $33,243.00, 'Estimated Operating Reserve 7,727.00 Total Expenses $40,970.001 The total budgeted costs of the improvements are in the amount of $40,970.00. Of this amount, $30,000.00 will be funded by assessments collected on privately owned parcels located in the district by levying special assessments at a rate of $0.10 cents per each $100.00 of property value. The remainder of the costs in the amount of$10,970.00 will be funded from the prior year's assessments. The Trinity Bluff PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the Fiscal Year 2013-2014 budget by the City Council to include the above recommended item(s), funds will be available in the Fiscal Year 2014 operating budget, as appropriated, of the Special Assessment District Fund and the Special Trust Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 5)6) FE72 481306 017587001000 $2.000.00 5)GS87 539120 002514009000 $2,000.00 6) FE72 511010 017587001000 $2,000.00 7)GS87 539120 002514009000 $1,800.00 4)GS87 488342 002514009000 $30,000M Logname: 17PID14FY14PBH Page 2 of 3 4)GS87 539120 002514009000 $30,000.00 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: 17PID14FY14PBH Page 3 of 3