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Home My WebLink AboutIR 7652 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 f Z,0 October 13, 1992 ORT�o To the Mayor and Members of the City Council Page 1 of 7 F. N u �s `rex"Cl Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT FY 1992- e» 93 PLAN OF SERVICES AND BUDGET On September 22, 1992, the City Council set October 13, 1992 as the public hearing date to consider and take action on the fiscal year 1992 and 1993 Budget and Plan of Services for the downtown public improvement district. State law requires certain information to be filed with the City Secretary before the City Council can take action. That information is included in the resolution to adopt the budget and will be included in the latter portions of this report. The resolution which governs the downtown district until 1994 sets a maximum assessment rate of 8.5� per $100 valuation as specified in the petition which established the district. In years past, the assessment rate has been 8.0�, but declining property values require the assessment rate be Increased to 8.5�. 'For example, an assessment of 8.0� per $100 valuation generated $695,100 in assessments in FY '87-'88. An assessment rate of 8.5� per $100 is proposed to generate $562,919 for FY '92-'93. In addition to assessments, the district generates revenues. For example, the City pays the district $88,457 for services which were previously provided by City staff, such as sidewalk cleaning, trash removal and planter box maintenance. The FY '92-'93 PID No. 1 budget presented for City Council action has been recently revised. The proposed budget and plan of services was amended by the City staff from the proposed budget approved by the Downtown Fort Worth, Inc., Board and PID Advisory Board for the following reasons: 1. City Assessment An assessment of 8.5� per $100 of 1992 valuation on property in the downtown owned by the City of Fort Worth generates $44,542.78, rather than the $50,916 as reported by Downtown Fort Worth, Inc. (based on 1991-92 valuation). However, the approved budget contains the larger amount per the City Council discussion to perserve the quality of the Downtown maintenance effort. ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 oAtoar�p To the Mayor and Members of the City Council October 13, 1992 Page 2 of 7 'rtxPy' Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT FY 1992- 007S 93 PLAN OF SERVICES AND BUDGET 2. City Administration Fee There are no funds in the City's General Fund budget for any PID administration costs. In accordance with the 1991 City Council PID Policy, all PIDs have been asked to budget a city administration fee. In the past, the administrative fee has been waived for the downtown district. All other PIDs pay a City administration fee as part of the cost of the PID. In view of decreasing revenues for the downtown district, and because It is our city's C13D, it is City staffs recommendation that for FY 1992- '93, the downtown district budget includes only $5,000 of the administration fee. This level of in-kind contribution to the district is subject to review in all subsequent years with the intent to require full funding from PID #I eventually. What follows is the Information required by state law before City Council action. 1. The general nature of the proposed improvements and services to be provided by the district shall include: (a) A maintenance and landscaping program consisting of street sweeping, sidewalk cleaning, bus shelter cleaning, planting and landscape maintenance, and trash receptacle pickup; (b) A promotions program consisting of recreational and cultural enhancements and activities, a promotional program, and the staging or monitoring of special recreational and cultural events; ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS -- INFORMAL. REPORT TO CITY COUNCIL. MEMBERS No. 7652 t'*=`", October 13, 1992 ;'O coar�� To the Mayor and Members of the City Council Page 3 of 7 u �a 4raxA�t Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT FY 1992- ... 93 PLAN OF SERVICES AND BUDGET (c) A marketing program consisting of an advertising and marketing campaign to promote the use of the District to three target populations (primarily), downtown workers, visitors, and Fort Worth and Tarrant County residents; (d) A security program consisting of additional police services; a liaison between the Police Department and Downtown Fort Worth, Inc.; supplementary feed, veterinary and stable needs of the mounted patrol; a public relations crime prevention campaign; a private security force coordination campaign; and management of a park security program; (e) A transportation and parking-program consisting of a campaign to promote FWTA bus service and ridesharing, the development of a plan concerning better utilization of short-term parking facilities, and the improvement of traffic signs; (f) An administration program to provide for the administration and management of the District. The proposed improvements and/or services would be a supplement to the standard existing level of city improvements and/or services and would constitute an added increment to the improvements and/or services normally provided to the taxpayers generally. The City would continue to furnish or pay for standard improvements and/or services in the district at the same level as they would be provided to the taxpayers generally. ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 October 13, 1992 `o4fanr,� To the Mayor and Members of the City Council Page 4 of? Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT FY 1992-93 PLAN OF SERVICES AND BUDGET 2. A preliminary estimate of the cost of the improvements and/or services of the district during fiscal year 1992-1993 is: TO BE IMPROVEMENT/SERVICE TOTAL ASSESSED COST 1992.93 FY (a) A maintenance and landscaping program $400,281 $297,428 (b) A promotions program 78,140 48,767 (c) A marketing program 52,808 49,469 (d) A security program 20,975 20,741 (e) A transportation & parking 3,990 3,946 program (f) City administrative fee 5,000' 0 (g) A management program 157,182 142,568 TOTALS 1 $718,376 $ Note 1. Explained on Page 2. Note 2. This reflects the reduced City assessment. This proportional reduction to the total was applied to each program element to reflect this change. The difference between the total cost and the amount to be assessed, $155,457, will come from revenues such as a contract with the City for payment in lieu of services which the District will provide ($88,457), revenue from District activities ($29,000), interest earnings ($13,000), and other revenue sources including the use of reserve funds if necessary ($25,000). ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS , INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 101?r To the Mayor and Members of the City Council October 13, 1992 Page 5 of 7 DOWNTOWN PUBLIC IM]PROVEMENT DISTRICT FY 1992- 93 PLAN OF SERVICES AND BUDGET 3. The boundaries of the improvement district are: The area bounded by Jones St. on the east; Lancaster Ave. on the South; Texas St., Macon. St., Fourth St., Burnett St., Belknap St. and Taylor St. on the west; and the Trinity River and the east 100 and east 200 blocks of Bluff Street on the north. Such area Is more particularly shown on the attached map. 4. The method of assessment Is: (a) A service plan was approved and adopted by the City Council on September'5, 1989 for a period of not less than five years. The plan shall be reviewed and updated annually by the City Council to deter- mine the annual budget for Improvements and/or services within the (b) The cost of an Improvement and/or special service will be assessed against real property within the District according to the value of the property, Including improvements, as determined annually by the City (c) The City Council Resolution of September 5, 1989, which authorized establishment of the District contains a provision which states that during the five-year term of the District, the annual assessments against real property In the District would not exceed an amount equal to 8.5� per $100 of the value of such property as determined by the City Council, Including the value of structures or other Improvements. It should be noted that previous assessments against real property In the district were in the amount of 8.040 per $100 of assessed value. For fiscal year 1992-93 the proposed assessment against real property In the District Is In the amount of 8.5* per $100 of assessed value. 5. The apportionment of costs between the Improvement district and the city as a whole shall be: -ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 October 13, 1992 �DEfOAT.p To the Mayor and Members of the City Council Page 6 of 7 "rex�y; Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT FY 1992- 93 PLAN OF SERVICES AND BUDGET (a) All of the cost of an improvement and/or service shall be paid by either: (1) Special assessments against real property and structures or other improvements thereon in the district; (2) Contractual agreements with the City; or, (3) Revenues from district activities. (b) The City of Fort Worth shall be responsible for the payment of assessments on exempt, city-owned real property and structures or other improvements thereon in the district. The payment of assessments on property owned by other exempt jurisdictions could Owl be established by contract. (c) The City Council of the City of Fort Worth will be authorized to establish by ordinance reasonable classifications and formulas for the apportionment of costs between the City and the property to be assessed and to establish the methods for assessing special benefits for various classes of improvements and/or services. (d) The City as a whole will continue to provide standard improvements and services to the district at the same level as they are provided to the taxpayers generally. 6. The probable maximum benefits to be conferred on each tract in the district because of the improvements and/or services shall be greater than the amount of the assessment against such tract and the owners thereof. 7. The City Council Resolution of September 5, 1989, authorizing establishment of the district provides that the District will exist for five years immediately following adoption of such Resolution unless property owners in the District petition the City Council for re-establishment of the District, or unless the District is sooner terminated as provided by law. -ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS �— INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7652 October 13, 1992 ::-q Sfift?,- To the Mayor and Members of the City Council 4R Page 7 of 7 exp x Subject: DOWNTOWN PUBLIC IMPROVEMENT DISTRICT IT 1992- 93 PLAN OF SERVICES AND BUDGET The original of this report was filed with the City Secretary of the City of Fort Worth on Octo r 9, 1992. Bob Terrell City Manager OOW ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS 1J�Ci❑ RMR �LJL/- OC �o ❑r� ��000 - - moo EIDL� ❑ �a o0 00 F� Or ❑ ❑ o � oa no❑ a ❑ ❑ _ o❑ oo� CIFIFIEJEE11, �� a000a°�a°a° 0 - N 0 EI-ED30 Elr-] El � FORT WORTH R.BROV6M¢+SJT DISTRICT NO. t MY OF FORT WORTH FEBRUARY 1989