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Home My WebLink AboutOrdinance 27981-09-2025Ordinance No. AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT PUBLIC FORT WORTH PUBLIC IMPROVEMENT DISTRICT 1 -DOWNTOWN FUND IN THE AMOUNT OF $3,875,493,FROM AVAILABLE FUNDS,FOR THE PURPOSE OF FUNDING PUBLIC IMPROVEMENT DISTRICT 1 -DOWNTOWN FUND FY 2025-26 BUDGET; 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 2024-2025 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fort Public 1 - Downtown Fund in the amount of $3,875,493 from available funds, for the purpose of funding Public Improvement District 1 Down Town Fund FY 2025-26 budget. 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 27107-09-2024 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 CITY SECRETARY _________________________ Jannette S. Goodall City Secretary ADOPTED AND EFFECTIVE: Arnold WHITE SETTLEMENT +, � � a � � W � O � m Z� � � � � � � Harrold c� O Z I--1 30 � �� 2 �� 199 2�� , �� ,�� o� y 5 � �o y b�� G �F 0 `rj, General Z � O Worth � � � Square U 7TH � � q�� BUYk Federal cr Burnett P�azQ 107H W = Peter U Smith Clty ii :� � D � C Trinity � Bluff �^ 377 Pe o c k ��F ��O �� P � � Elm treet � � lOG �� 2 Water Gardens � \ ; , �• 180 Haynes ` Memorial �ANCASTER m z Z z � � VICKERY P I D 1: Downtown FORT WORTHo Source: Planning and Data Analytics Date: July 2020 �OCopyright 2020 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data. ,� 0 500 1,000 2,000 Feet N City of Fort Worth, Mayor and DATE: 09/16/25 Texas Council Communication M&C FILE NUMBER: M&C 25-0813 LOG NAME: 03PID01 FY26 SUBJECT (CD 9) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 1— Downtown; Adopt the Attached Ordinance (1) Approving and Adopting the Fiscal Year 2025-2026 Budget, Five-Year Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll, and (2) Levying Special Assessments for the 2025 Tax Year at a Rate of $0.125 Per Each $100.00 of Property Value; Authorize Execution of an Agreement with Downtown Fort Worth, Inc., in the Amount of $660,200.00 to Manage the Public Improvement District; and Adopt Attached Appropriation Ordinance (PUBLIC HEARING - a. Staff Available for Questions: April Ramirez; 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 the property located in Fort Worth Public Improvement District 1- Downtown for the 2025 tax year; 2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2025-2026 budget in the amount of $3,875,493.00, five-year service plan, assessment plan, and tax year 2025 assessment roll (on file with the City Secretary) for the Downtown Public Improvement District; and (2) levying special assessments on privately-owned property located in the Downtown Public Improvement District for the 2025 tax year at a rate of $0.125 per each $100.00 of property value (Service and 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 Tarrant County, Texas no later than the seventh (7th) day after adoption by the City Council; 4. Authorize the execution of an agreement with Downtown Fort Worth, Inc. in the amount of $660,200.00 to provide management of the improvements and services for the Downtown Public Improvement District during Fiscal Year 2025-2026; and 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 1- Downtown Fund in the amount of $3,875,493.00 from available funds. DISCUSSION: On June 23, 2009, the Mayor and City Council adopted Resolution No. 3756-06-2009 re-establishing Fort Worth Public Improvement District 1- Downtown (Downtown PID). The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2025-2026 budget and five-year service plan for the Downtown PID and the proposed assessments to be levied on each property in the Downtown PID for the 2025 tax year. Following the public hearing, it is recommended that the City Council take the following actions: (1) adopt the attached ordinances approving and adopting the budget, five-year service plan, assessment plan, and assessment roll; (2) levying the proposed assessments; and (3) appropriating funds. The improvements and services to be provided in the Downtown PID during fiscal year 2026 and the costs thereof are as follows: Fiscal Year 2026 Budget illing Services �� $ 1,320.00 otal Expense $3,875,493.00 The total budgeted costs of the improvements and services are $3,875,493.00. Of this amount, $3,194,223.00 will be funded by assessments collected on privately-owned parcels located in the Downtown PID by applying a rate of $0.125. The remainder of the costs in the amount of $681,270.00 will be funded by other revenue sources including: (a) $408,005.00 in direct payments from the City for Payment In-Lieu of Assessments, which are calculated at the same rate as the privately-owned parcels, (b) $183,265.00 in direct payments from the City for Payment In-Lieu of Services, (c) $90,000.00 in revenues generated by Downtown PID activities. For Fiscal Year 2025-2026 (tax year 2025), the Downtown PID levied an assessment of $0.125 per $100.00 of property value. The Downtown PID's estimated net taxable value increased by $194,009,730.00, or 7.77%, allowing the assessment rate to decrease to $0.125 to maintain current service levels. Therefore, the recommended Fiscal Year 2025-2026 (tax year 2025) assessment rate is $0.125 per $100.00 of taxable property value. On August 26, 2025, the City Council conducted a public hearing to receive comments on the proposed 2025-2026 Fiscal Year budget, five-year service plan, and 2025 assessments for the Downtown PID. Notice of the August 26, 2025, benefit hearing and this hearing were published in the Fort Worth Star-Telegram and mailed to all owners of property on record in the Downtown PID on August 15, 2025 in accordance with state law. The Downtown PID Advisory Board recommended approval of the budget. Funding will be budgeted within the FWPID #1 - Downtown Fund for Fiscal Year 2026. The Downtown PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2026 Budget by the City Council, funds will be available in the Fiscal Year 2026 operating budget, as appropriated, in the FWPID #1 - Downtown Fund. Prior to any expenditure being incurred, the FWLab Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office bk Originating Business Unit Head: Christianne Simmons 6222 Additional Information Contact: Brady Kirk 8712