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HomeMy WebLinkAboutIR 8208 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8 r To the Mayor and Members of the City Council August 17, 1999 Page 1 of 4 Subject: DOCUMENTS AND INFORMATION CONCERNING THE REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 1 (DOWNTOWN) On August 3, 1999, the City Council adopted M&C G-12621 regarding the reestablishment of the Fort Worth Public Improvement District No. 1. Paragraph 3 of the M&C requires the City Manager to prepare certain documents and information and to file the same with the City Secretary as provided in Chapter 372 of the Texas Local Government Code. The City Council formally established PID No. 1 in 1986 for an initial three-year period, and subsequently reestablished the District for an additional five-year period, which ended September 30, 1994. The District was reestablished at that time for another five years, to end September 30, 1999. This petition requests reestablishment for another five-year period ending September 30, 2004. The following information and documents are hereby submitted: 1. The petition for reestablishment of Fort Worth Improvement District No. 1 contains sufficient signatures and meets other requirements of Chapter 372, Subchapter A, Section 372.005 of the Texas Local Government Code and the City's current policy regarding public improvement districts. See attached and incorporated Exhibit A. 2. The general nature of the improvements and/or services of the District shall include: (a) an improvement district maintenance and landscaping program consisting of supplemental street sweeping, sidewalk cleaning, bus shelter cleaning, planting and landscape maintenance, streetscape improvements, and trash receptacle pickup. (b) an improvement district promotions program consisting of recreational and cultural enhancements and activities; promotional program; and the staging or monitoring of special recreational and cultural events. (c) an improvement district marketing program consisting of an advertising and marketing campaign to promote the use of the District to three target populations (primarily), downtown workers, visitors, Fort Worth and Tarrant County residents. (d) an improvement district security program consisting of a public relations crime prevention campaign; a private security force coordination cam q ,gn a Parking garage and parking lot security program. , 1 ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. s" T To the Mayor and Members of the City Council August 17, 1999 Page 2 of 4 X Subject: ton DOCUMENTS AND INFORMATION CONCERNING THE REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. I (DOWNTOWN) (e) an improvement district 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 improvement district management program to provide for the establishment, administration and operation of the District/activities and programs. The improvements and/or services will be a supplement to the standard existing level of City improvements andJor services and will constitute an added increment to the improvements and/or services normally provided to the taxpayers generally. The estimated annual cost of standard improvements and/or services currently provided by the City of Foil Worth to taxpayers in the District has been adjusted annually since 1986. Current figures are included in the petition's Plan of Service shown in Exhibit "B", which is attached hereto and made a part hereof by reference. The adjusted current standard level of service totals will be added to and made a part of the City Council resolution reestablishing the District, when and if the District is reestablished. If the District is reestablished, the City will continue to furnish or pay for standard improvements andJor services in the District at the same level as they are provided to the taxpayers generally. The City Council resolution authorizing the reestablishment of the District will contain a provision establishing that the present annual cost level of standard improvements and/or services currently provided by the City of Fort Worth to taxpayers in the District is estimated to be $234,985. During the five-year term of the District, the City will provide the same level of standard improvements and/or services to taxpayers in the District as estimated, with such corrections therein as certified by the City Manager. 3. A preliminary estimate of the cost of the improvements andlor services of the District during the first year of operation in the next five-year period is: (a) maintenance and landscaping program $543,924 (b) promotions program 46,950 (c) marketing and communications program 67,500 (d) security enhancement program 23,165 (e) transportation and parking program (f) management program 208,8 13, Total $978,994 ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8208 To the Mayor and Members of the City Council August 17, 1.999 Page 3 of 4 Subject: van DOCUMENTS AND INFORMATION CONCERNING THE REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. I (DOWNTOWN) The cost of improvements and/or services in subsequent years will be determined in the annual service plan to be adopted by the City Council. 4. The boundaries of the improvement district are: The area bounded by Jones Street on the east; Lancaster Avenue on the south; Texas Street, Macon Street, Fifth Street, Fourth Street, Burnett Street, Belknap Street and Taylor Street 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 a map, which is attached hereto, marked Exhibit "C" and made a part hereof by reference. 5. The method of assessment is: (a) A service plan will be approved and adopted by the City Council for a period not less than five years. The plan will be reviewed and updated annually by the Council to determine the annual budget for improvements and/or special supplemental services within the District. (b) The cost of an improvement and/or special service will be assessed against real property within the District according to the value of such property as determined by the City Council, including the value of structures or other improvements on the property. (c) The City Council resolution authorizing reestablishment of the District will contain a provision which states that during the five-year term of the District the annual assessments against real property in the District will not exceed an amount equal to 15 cents per $100 of the value of such property as determined by the City Council, including the value of structures or other improvements on the property. 6. The proposed apportionment of costs between the improvement district and the City as a whole is: (a) All of the cost of an improvement and/or service would be paid bY, speeidt assessments against real property and structures or other improvements thereon in the DisCiict ISSUED BY THE CITY MANAGER FORT WORTH,TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8208 T To the Mayor and Members of the City Council August 17, 1999 Page 4 of 4 Subject: Ian DOCUMENTS AND INFORMATION CONCERNING THE REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. I (DOWNTOWN) (b) The City of Fort Worth will 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 may be established by contract. The City as a whole will continue to provide the standard improvements and services to the District as referred to in I above. (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 areas to be assessed and to establish the methods for assessing special benefits for various classes of improvements and/or services. 7. The probable maximum benefits to be conferred on each tract in the District because of its improvements and/or services shall be greater than the amount of the assessment against such tract and the owners thereof. The City Council will consider a resolution authorizing reestablishment of the District which will de that the District will for five years immediately follow provi exist following In adoption of such resolution unless property owners in the District petition the City Council for reestablishment of the District, or unless the District is sooner tern-iinated as provided by law. Council action on the resolution is planned for September 7, 1999, after a public hearing on the reestablishment of the District. The original of this report is on file with the City Secretary of the City of Fort Worth. (0�9 Bob Terrell City Manager Attachments: Exhibit "A" Calculationsrl Exhibit "B" Petition Exhibit "C" Map ISSUED BY THE CITY MANAGER FORT WORTH,TEXAS PROPOSED PIO1 PETITION FINDINGS Texas Local Government Code, Section 372.005 Petition states: The petition io sufficient if signed by� � (1) owners of taxable real property representing more than 50 percent of the appraised value of taxable nae| property liable for eoaeaamont under the proposal, as determined by the current roll of the appraisal district in which the property is located; and (2) record owners of naa| property liable for assessment under the proposal who: (A) constitute more than GO percent of all record owners of property that is liable for assessment under the proposal; or (B) own taxable real property that constitutes more than 50 percent of the area of all taxable ' real property that io liable for assessment under the proposal. Herein are the statistics: Total appraised value of property within the district $ 508,543.245 of which $17,71O,DO4is absolute exempt property Total appraised value of property liable for assessment $ 481.832.361 Appraised value of property belonging to records owners who signed petition $ 458.006.766 Percentage of appraised value of property liable for assessment whose �� roo*nd owners have signed the petition 93'33 %� e above satisfies the requirements under Section 372.085(b)(1) Total number of properties in the proposed district 310 Total number of properties represented bv petitions submitted 251 Total number of petitions whose ownership matched the TAD rm|| 251 Percentage of valid petitions within the proposed district 80.97 % The above satisfies the requirements under Section 372.005(b)[])(A) Total number of property owners in the proposed district 141 Total number nf property owners represented by petitions submitted 93 Percentage of valid petitions within the proposed district 65'96 % The above satisfies the requirements under Section 372.005(b)(2)(A) Total square footage of properties inthe proposed district 4,065.511 Total square footage of properties represented by petitions submitted 3.581.862 Percentage of valid petitions within the proposed district 88.10 % The above satisfies the requirements under Section 372.005(b)(2)(B) In oonoyuaion, staff finds the petitions submitted by the P|D 1 petitioners have met the requirements under Section 372.005(b) of the Texas Local Government Code. In addidon, staff finds the petitions submitted by the P|D 1 petitioners have nnot the requirements of the City of Fort Worth P\O Policy. The area proposed for the — district is same area that has been in existence since 1886. � Exhibit STATE OF TEXAS S _ � COUNTY OF TARRANT S TO: The Mayor and City Council of the City of Fort Worth, Texas, 1000 Throckmorton, Fort Worth, Texas 76102 PETITION REQUESTING ESTABLISHMENT OF PUBLIC IMPROVEMENT DISTRICT The undersigned petitioners hereby request that the City Council of the City of Fort Worth, Texas, initiate and establish a public improvement district under chapter 372 of the Texas Local Government Code known as the Public Improvement District Assessment Act (The "Act"), so that the powers granted under the Act may be exercised by the City of Fort Worth. In support of this petition, the petitioners show the following: 1. The proposed district would be known as the"Fort Worth Improvement District No. 1." 2. The City of Fort Worth would be authorized to utilize the district to undertake improvement projects and/or services that confer a special benefit on the part of the City within the district. The City Council would be ahthorized to levy and collect special assessments on property in the district, based on benefits conferred by the improvement project and/or services, to pay all or part of the cost of such improvement project and/or services. 3. The general nature of the proposed improvements and/or services shall include: (a) an improvement district maintenance and landscaping program consisting of supplemental street sweeping, sidewalk clearing, bus shelter cleaning, planting and landscape maintenance, streetscape improvements, and supplemental trash receptacle pickup. (b) an improvement district promotions rp ogram consisting of recreational and cultural enhancements and activities; and the staging or monitoring of special recreational and cultural events. (c ) an improvement district marketing and communications program consisting of an advertising, marketing and communications program; marketing evcpts and cooperative merchandizing of DFWI logos, etc. in cooperation with other For Worth non-profits; and management of a Main Street banner program. (d) an improvement district security,enhancement program consisting ofaddilionall bicycle, cruiser and mounted police officers; a public relations crime"pventin mmo . campaign; a public/private security force coordination program; and other security related projects on an as needed basis. ExMbit B -2- (e) an improvement district transportation and parking program consisting of a Transportation Management Organization; parking coordination and management where ever feasible; way finding planning and projects; interface planning between various transportation modes and land uses; and grantsmanship to develop and implement transportation and parking related programs which solve identified problems in the district. An improvement district management program to provide for the establishment, administration and operation 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 provided by the City of Fort Worth to taxpayers in the proposed district. An official list of City services in the District is on file with the City Secretary's Office as part of the original Petition, Resolution and Ordinance creating the district in 1986. If the district is created, the City would continue to furnish or pay for standard improvements and /or services in the district at the same level as they are provided to the taxpayers generally. 4. The estimated cost of the improvements and /or services of the proposed district during the first year of operation is: (a ) maintenance and landscaping program - $543,924 (b ) promotions program - S 46,950 (c) marketing and communications program-$ 67,500 (d ) security enhancement program - $ 23,165 (e) transportation and parking program - $ 88,642 (f) management program - $2018 � 7g Of qq- The cost of improvements and / or services in subsequent years would be determined in the service plan to be adopted by the City Council. The Plan of Service and Budget Summary is shown on Exhibit "N', which is attached hereto and made a part hereof by reference. 5. The boundaries of the proposed improvement district are: The area bounded by Jones Street on the East; Lancaster Avenue, and Texas Street on the south; Macon, Fourth, Burnett and Taylor Streets on the West; and the Trinity River and the east 100 and 200 blocks of Bluff Street on the North. Such area is more particularly shown on a map which is attached hereto, marked Exhibit "B" and made a part hereof by reference. ..... ......... 6. The proposed method of assessment is: (a) A service plan would be approved and adopted by the City Council,fon a period not less than five years. The plan would be reviewed and updated annually by the Council to determine the annual budget for improvements'ard%r special supplemental services within the district. P11 Exhibit B -3- (b) The cost of an improvement and/or special service would be assessed against real property within the district according to the value of such property as determined by the City Council, including the value of structures or other improvements on the property. (c ) During the first year of the five year term of the district, the annual assessments against real property in the district will not exceed an amount equal to 12 cents per $100 of the value of such property as determined by the City Council, including the value of structures or other improvements on the property. (d) The district shall have a five year term. The district will exist for five years immediately following publication of notice of establishment of the district 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. (e) During the five year term of the district, there shall be a cap on the annual assessment rate against real property in the district not exceed an amount equal to 14 cents per $100 value of such property as determined by the City Council, including the value of structures or other improvements on the property. 7. The proposed apportionment of costs between the improvement district and the City as a whole is: (a) At least 20 percent of the cost of an improvement and/or service would be paid by special assessments against real property and structures or other improvements thereon in the district. (b) The City of Fort Worth would 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 may be established by contract. (c ) The City Council of the City of Fort Worth would be authorized to establish by ordinance reasonable classifications and formulas for the apportionment of costs between the City and the areas to be assessed and to establish the methods for assessing special benefits for various classes of improvements and/or services. 8. The Proposed management structure for administration of the distract is: � (a) The City Council of the City of Fort Worth would exercise the b*ert granted by the Act. (b) The City Council would specifically be responsible for the following: Exhibit B -4- (1) Undertaking improvements and/or services and levying and collecting special assessments to pay all or part of the costs; (2) requiring feasibility reports which the Council desires to determine whether improvements should be made as proposed or otherwise; (3) requiring preliminary cost estimates for proposed improvements and /or services; (4) holding public hearings on the advisability of proposed improvements and/or services; (S) making findings by resolution as to the advisability of improvements, the estimated costs, the method of assessment, and the apportionment of costs between the improvement district and the City as a whole; (6) adopting a resolution authorizing actual construction of improvements or implementation of services; (7) approving a service and assessment plan for a period of not less than five years; (8) reviewing and updating the service and assessment plan annually to determine the annual budget for improvements and/or special supplemental services and adjusting the amount of the assessment for each property owner annually following approval of the plan; (9) apportioning the cost of improvements and/or services -assessed against property in the district; (10) establishing by ordinance, if the Council desires, reasonable classifications and formulas for the apportionment of costs between the City and the area to be assessed and the methods of assessing the special bent fox vs s of improvements and/or services: `r r (11) providing for the payment of assessments on city-awrned property- ........., .... 1 (12) determining the assessments against each parcel of land and Exhibit S -5- causing a proposed assessment roll to be prepared and filed; (13) holding public hearings on proposed assessments and passing on objections to such assessments; (14) adopting ordinances levying special assessments, specifying the method and time for payment of assessments, determining the rate of interest on unpaid assessments, and fixing liens against property for unpaid assessments; (15) holding public hearings on supplemental assessments to correct omissions or mistakes in original assessments; (lb) making a reassessment or new assessment if an assessment is set aside by a court of competent jurisdiction, found excessive by the City Council, or determined to be invalid by the City Council on the written advice of legal counsel; (17) creating a separate improvement district fund in the City treasury to be used solely to pay costs incurred in the making of improvements and/or providing services; and (18) determining whether to issue general obligation bonds, revenue bonds or time warrants to pay all or part of the costs of improvement sand/or services authorized by the Act. (19) determining whether to maintain the project and assess the prooerty owners of their appropriate share of the costs if the management firm's work is unssatisfactory; unless and until the District is disolved by the property owners of record in accordance with the requirements of the Act. (c ) Any or all of the improvement and/or services to be provided by the district would be provided through City of Fort Worth employees and staff, by contracts with the private sector or by contracts creating a public-pnte__...,,,, , , partnership. The method to be used in providing such services would bd determined by the City Council after notice and public heant,'Ig, 9. The persons signing this petition request and concur with the establishment°tae district. . Exhibit B -6- roll 10. The City Council of the City of Fort Worth is authorized to establish an advisory body with the responsibility of developing and recommending a service and improvement plan to the Council. If the advisory body is established, the composition and membership thereof would be approved by the City Council in accordance with the requirement of the Act. 11. This petition is sufficient because it is signed by: (a) More than 50 percent of the owners of record of property liable for assessment under this proposal; or (b) the record owners of property composing more than 50 percent of the area liable for assessment under this proposal; and (c ) the record owners of taxable property representing more than 50 percent of the appraised value of the taxable real property, including the value of structures and other improvements within the proposed district, as determined by the current roll of the Tarrant Appraisal District. The signatures, names, telephone numbers and addresses of the owners of record of property liable for assessment under this proposal and the address, legal description, area and appraised value of each owner's property, including the value of structures and other improvements hereon, as determined by the current roll of the Tarrant Appraisal District, are shown below. The percentage of the record owners of such property liable for assessment who have signed this petition, the percentage of the total area which belongs to such owners, and the percentage of the appraised value of the total area which belongs to such owners is more particularly shown on Exhibit "C" which is attached hereto and made a part hereof by reference. 12. The proposed district is a complete alternative to other methods by which the City of For Worth may finance improvements and/or special supplemental services by assessing property owners. 13. The cost of any improvement and/or services provided by the district would be paid as follows: (a) All costs payable by the City as a whole may be paid from general funds available for the purpose or from other available general funds. (b) Costs payable by special assessments which have been paid in-fulj e paid from these assessments, (c ) Costs payable by special assessments to be paid in installments and costs made payable by the City as a whole but not payable from available general funds orother available general improvement funds shall be paid by the issuance and sale of revetitit;of......... general obligation bonds, Exhibit B -7- I-r11 (d) During the progress of an improvement and/or services the City Council may issue temporary notes or time warrants of the City to pay costs of the improvements and /or services and on the completion of the work issue revenue or general obligation bonds. (e) The costs of more than one improvement and/or services may be paid from a single issue and sale of bonds without other consolidation proceedings prior to the bond issue. (f) Any such bonds shall be issued in accordance with the provisions of Sections 18 through 24 of the Act. 14. The City is not obligated to undertake any improvements or services proposed as part of the Public Improvement District whether there is a district or if and when the district is terminated. 115. The application fee for submission of this petition to the City Council is $150.00. 16. The petitions hereby attattached and made a part hereto shall be filled with the City Secretary's office. 17. The petitioners hereby request that the City Council do the following- (a) determine that this petition meets the requirements of the Act-, (b) Make findings by resolution as to the advisability of the nature of the proposed improvements and/or services, the estimated cost, the boundaries of the improvement district, the method of assessment, and the apportionment of costs between the proposed district and the City as a whole, (c ) give proper notice and hold a public hearing on the advisability of establishing the district and providing the proposed improvement and/or services; (d) at any time within six months after final adjournment of the hearing, adopt a resolution authorizing establishment of the improvement district in accordance with its findings as to the advisability of the improvements and/or services, I................. ......../............. (e) take any and all other steps necessary to establishmen of the-district,-. 7",.............-1 Respectfully submitted, This da of 9 000� Exhibit B 1999-2000 PLAN OF SERVICES Synopsis of Services: Maintenance and Landscaping: The Maintenance and Landscaping Services will consist of: 1. A Day Labor program which shall provide for the maintenance of the sidewalks five days a week: Monday through Friday,Saturdays and during the evenings on Thursdays and Fridays 2. Mechanized Sidewalk-cleaning program which shall perform mechanized sweeping and high pressure hot water cleaning of the sidewalks in the District. This contractor shall also clean the bus shelters five days a week. 3. A Street Sweeping program which shall sweep the 22 curb miles of curb and gutters m the District twice a week. 4. A Landscaping program which shall provide for two plantings of blooms in the 17,000 square feet of planter boxes in the District. Promotions: The Promotions Services will consist of 1.The production of three signature events in the Downtown: The MAIN ST. Fort Worth Arts Festival; Christmas Parade of Lights; and The Fort Worth Fourth 2. Coordination,production, and/or promotion of other events, festivals and activities in the District. Marketing: The Marketing and Communications Services will consist of: 1. Creation and continuation of public various marketing programs to maintain a positive image of Downtown and the District. 2. Develop,collateral information vehicles and an on-going public information program for the Strategic Action Plan Implementation 4. Supply information to interested groups and individuals through research, surveys and focus groups. 5. Implement a marketing event program that generates significant publicity and earned income to supplement District assessments. Security: Security Enhancement Services will consist of: 1. Monitoring the activities of the Bicycle Patrol, Mounted Patrol and Cruiser Patrol in the Downtown 2. Provide the feed,veterinarian supplies and tack for the Downtown Mounted Patrol. 3. Provide the support for Operation Partnership, a cooperative communications program between the private security forces in the Downtown and the Police Department. Transportation Transportation and Parking Services will consist of: 1. Develop a coordinated parking management program 2. Application for a Comprehensive Way finding grant, and management of.same,` - Administration: Administrative Services will consist of: 1. Management and coordination of all District programs and activities 2. Fiscal administration of District programs, including an annual independent audit. Exhibit B 1999-2000 BUDGET SPECIAL IMPROVEMENT DISTRICT SUMMARY DRAFT 1ouo-20nn BUDGET REVENUES: PRIVATE PROPERTY ASSESSMENTS $590.000 CITY ASSESSKCDNTRACTUALSVCS 233.144.00 SID GENERATED REVENUE 112.100.00 OTHER REVENUE-SID 4375000 TOTAL REVENUES EXPENSES: MAINTENANCE AND LANDSCAPE SALARIES AND WAGES 13.408.00 CONTRACTUAL SERVICES 525.516.00 OTHER EXPENSES 6.000.00 CAPITAL OUTLAYS 0.00 PROMOTIONS SALARIES AND WAGES 27.595.00 EMPLOYEE BENEFITS 8.130.00 OPERATIONS AND SUPPLIES 475.00 CONTRACTUAL SERVICES 9.800.00 OTHER EXPENSES 950.00 SECURITY ENHANCEMENT � � SALARIES AND WAGES 13.28000 OPERATIONS AND SUPPLIES 4.000.00 CONTRACTUAL SERVICES 4.135�00 OTHER EXPENSES 175000 TRANSPORTATION AND PARKING SALARIES AND BENEFITS 79.302.00 OPERATIONS AND SUPPLIES 2.240.00 CONTRACTUAL SERVICES 5.000.00 OTHER EXPENSES 1.000.00 CAPITAL OUTLAYS 110000 "v.o42."" MARKETING SALARIES AND WAGES 41.184.00 EMPLOYEE BENEFITS 10`702.00 OPERATIONS AND SUPPLIES 9.204.00 CONTRACTUAL SERVICES 3.400,00 OTHER EXPENSES 3,010.00 "'.^""T ADk0|N|STRAT|ON SALARIES AND WAGES 108,778,00 EMPLOYEE BENEFITS 44.00O�� —, OPERATIONS AND SUPPLIES 5.000,00 � CONTRACTUAL SERVICES 43.035.00 OTHER EXPENSE 6.500.00 . CAPITAL OUTLAY 1,500.00 Exhibit TOTAL EXPENSES 97899400 1999-2000 Five Year Plan of Services Revenue and Expense Summary Or 1999-00 2000-01 2001-02 2002-03 2003-04 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROGRAM AREA ITEM REVENUES Private Property Assessments 604,750 619,868 635,365 651,249 667,530 City Property Assessments 122,602 122,602 122,602 122,602 122,602 City Pay for City Services 35,851 35,851 36,389 36,389 36,389 City Pay for H/T Services 32,452 32,452 32,938 32,938 32,938 City Pay for P& R Services 42,239 42,239 42,873 42,873 42,873 Sid-Generated Revenue 122,100 132,100 132,100 132,100 132,100 Interest 10,000 11,000 12,000 13,000 13,000 Other 10,000 10,000 10,000 10,000 10,000 SUBTOTALS 979,994 1,006,112 1,024,267 1,041,151 1,057,432 Maintenance&Landscaping 543,924 543,924 557;522 557,522 557,522 Promotions 46,950 46,950 48,000 50,000 50,000 Marketing 67,500 69,500 72,000 75,000 76,000 Security Enhancement 23,165 23,165 23,665 23,665 24,000 Transportation&Parking 89,642 108;540 108,697 116,464 129,910 Administration 208,813 214,033 214,383 218,500 220,000 TOTAL 979,994 1,006,112 1,024,267 1,041,151 1,057,432 * 2.5% increase in property values is assumed in these projections. + Modest increases to offset inflation in expenses have been included where possible. Any neW" "grog ams would require additional revenues or a reorientation of existing programs to downsize one or more programs in order to fund a new one. Exhibit B Oy' d v� R(} o0o U RNER .rs r r �. Downtown Fart Worth J Improvement f District # 1 40 r 4ti, c rim Exhibit C