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~`ity of Fort ~Vort1'i, Texas
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GATE REFERENCE NUMBER LC}G NAME PAGE
99103 ~N-~'~ ~ 13PID11 BENEHEAR 1 of 2
suB:,ECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 11
{STOCKYARDS} ADOPTION OF APPROPRIATION ORDINANCE AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2003-2004
RECOMMENDATION:
It is recommended that the Gity Council:
1. Hold a benefit hearing concerning the proposed property assessments for Fiscal Year 2003-2004,
an September 9, 2003; and
2. Close the benefit hearing; and
3. Adopt the attached ordinance which levies the proposed assessments; and
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$35,200 in the Special Assessment District Fund from available funds.
DISCUSSION:
fln August 26, 2003, {M&G G-14078}, the Gity Council directed that certain improvements andlor
services (the "Improvements"} shall be provided in Fort Worth Public Improvement District (PID} No. 11
during the Fiscal Year 2003-2004. It also adopted the proposed assessment roll and provided notice of
this benefit hearing.
The improvements to be provided and the costs thereof are:
Total Costs
FY 2003-2004
1 } Promo#ions program $15,000
2} Marketing program $17,600
3} General office, administration 2 600
Total $35,20{}
TotaC costs for improvements and services in the district are to be paid wholly from assessments with
no reimbursement from the City of Fort'JVor~th
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atld c111 t-~S'if11c3tE' Ot jhC ~~;i`/E.'~Sr11E'.flj5 <~Q~If?St Cc3 ~l p~~(CE'~
Based on the appraised value of the property. and considering fhe benefits to be rec~:ived from fhe
proposed improvements. it as the opinion of the City staff that each parcel of property w~l! he enhan~,ed
t
~'`ity of Fart Tfi~arth, Texas
~1~1~~~c~~ c~nd ~:aur~c~~ c~~mun~cc~~ic~r~
C?ATE REFERENCE NUML3ER Lt~G NAME PAGE
9/9143 BH-21 ~ 13PID11 BENEHEAR ~ of ~
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 11
{STOCKYARDS) ADOPTION OF APPROPRIATION ORDINANCE AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2443-2444
FISCAL INFORMATIONICERTIFICATION:
The Finance Director certifies that upon adoption of the attached ordinances, funds required for this
expenditure will be available in the Fiscal Year 2443-2444 operating budget, as appropriated, of the
Special Assessment District Fund.
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