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Home My WebLink AboutOrdinance 21444-09-2014 Ordinance No. 21444-09-2014 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 14 FISCAL YEAR 2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $45,000.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2014 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE TRINITY BLUFF PID DURING FISCAL YEAR 2014-2015; 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 2014-2015 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Public Improvement District 14 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of $45,000.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2014 Tax Year, for the purpose of providing management and improvement services for the Trinity Bluff PID during Fiscal Year 2014-2015. 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, 2014, and ending September 30, 2015, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 FO AND LEGALITY: r Assistant City Attorney Mary J.K se i Sec e ary ADOPTED AND EFFECTIVE: September 9,2014 FORTWOR�THm Trinity Bluff Public Improvement District J. A". x .. $ , °I , x 4 1 r ' all ■ # No d �4 ' a m , �' 4 ,,1 • F , A t K , j J I L LEGEND ``� .F, •` PID14 - TRINITY BLUFF N •. 4 0 0,05 0.1 0.2 Mites .s Pre -ased o,x. ku ust "9 2W4 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION ISA VIOLATIOM OFAPPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAI ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEY AND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. City of Fort Worth PID#14 PROPOSED BUDGET & FIVE YEAR SERVICE PLAN FYI 4-15 FYI 5-16 FY 16-17 FY 17-18 FY 18-19 REVENUES PID Assessments 45,000 50,000 51,500 53,045 54,640 COFW Assessments - - _ - _ City Payment in-lieu of Ser. - - _ _ _ Prior Year's Assessment 30,624 22,381 36,138 51,395.00 68,197 Total Revenues: $ 75,624 $ 72,381 $ 87,638 $ 104,440 $ 122,837 EXPENSES Management Fee(Admin.) 2,800 2,800 2,800 2,800 2,800 Water - - - - - Utilities - - - - - Landscape/Tree Maint. 15,000 15,000 15,000 15,000 15,000 Trash Removal 8,443 8,443 8,443 8,443 8,443 Fence Maintenance - - - - - Holiday Lighting/Decor. - - - - - Security Patrols - - - - - Communications - - - - - Marketing(Ban.& main.) 10,000 5,000 5,000 5,000 5,000 Public Events - - - - - Capitallmprovements 15,000 3,000 3,000 3000 3,000 Replacements - - - - - Insurance - - - - Annual review(Audit) - - - - - City Administrative Fee 2,000 2,000 2,000 2000 2,000 Budget Expenses: $ 53,243 $ 36,243 $ 36,243 $ 36,243 $ 36,243 Est.Operat.ing.. Reserve 22,381 36,138 51,395 68,197 86,594 Total Revenue/Expenses $ 75,624 $ 72,381 $ 87,638 $ 104,440 $ 122,837 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/9/2014 - Ordinance Nos. 21444-09-2014 & 21445-09- 2014 DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-322 LOG NAME: 17PID14FY15PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 14, Trinity Bluff PID, Concerning the Proposed 2014-2015 Budget in the Amount of$75,624.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2014 Tax Year in the Amount of $45,000.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Special Assessment District Fund in the Amount of$45,000.00 and Authorize Transfer in the Amount of $2,000.00 for Administrative Fees from the Special Assessment District Fund, Public Improvement District 14 Fiscal Year 2014-2015 Project Account to the General Fund 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 2014 tax year; 2. Approve the attached Fiscal Year 2014-2015 Budget and Five-Year Service Plan for the Trinity Bluff PID; 3. Adopt the attached ordinance levying special assessments on the property located in the Trinity Bluff PID, subject to assessment for the 2014 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 14 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$45,000.00 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 2014-2015 Project Account to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; and 6. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of$2,800.00 to provide management and improvement services for the Trinity Bluff PID during Fiscal Year 2014-2015. DISCUSSION: On June 16, 2009, the City Council adopted Resolution No. 3748-06-2009 establishing Fort Worth Public Improvement District 14 (Trinity Bluff PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2014-2015 Fiscal Logname: 17PID14FY15PBH Pagel of 3 Year Budget and Five-Year Service Plan for the PID, to adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinance allocating estimated receipts to the Trinity Bluff PID's fund. On August 26, 2014, (M&C BH-314) the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2014-2015 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 2014-2015 and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee (Admin.) $ 2,800.00 LandscapefTree $15,000.00 Maintenance Trash Removal $ 8,443.00 Marketing (Banners and Maintenance) $10,000.00 Capital Improvements $15,000.00 City Administrative Fee $ 2,000.00 Budget Expenses $53,243.00 Estimated Operating $ 22,381.00 Reserve Total Expenses $75,624.00 The total budgeted costs of the improvements are in the amount of $75,624.00. Of this amount, $45,000.00 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$30,624.00 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 2014-2015 Budget by the City Council to include the above recommended item(s), funds will be available in the Fiscal Year 2015 operating budget, as appropriated, of the Special Assessment District Fund and the General Fund. FUND CENTERS: TO F u nd/Accou nt/C enters FROM Fund/Account/Centers 5) GG01 461813 0171000 $2,000.00 5) GS87 539120 002514.0.09000 $2,000.00 4) GS87 488342 002514009000 $45.000.00 6) GS87 539120 002514009000 $2,800.00 4) GS87 539120 002514009000 $45.000.00 CERTIFICATIONS: Logname: 17PID14FY15PBH Page 2 of 3 Submitted for City Manager's Office by: Fernando Costa (6122) Origin ting Department Head: Jay Chapa (5804) Additional Information Contact: Ossana Hermosillo (6203) i Logname: 17PID14FY15PBH Page 3 of 3