HomeMy WebLinkAboutOrdinance 21440-09-2014 Ordinance No.21440-09-2014
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 11 FISCAL YEAR
2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND
IN THE AMOUNT OF $67,399.00, 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 STOCKYARDS 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 11 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in
the amount of$67,399.00, 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 Stockyards 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hereby expressly repealed.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 FORM ND LEGALITY:
r'
Assistant City Attorne Mary J.K s ity Sic tary
ADOPTED AND EFFECTIVE: September 9,2014
City of Fort Worth
FIVE YEAR SERVICE PLAN
Public Improvement District No.11 -Stockyards
FY14/15 FY15/16 FY16/17 FYI 7/18 FYI 8119
REVENUES
Assessment Revenues $67,399 $69,421 $71,504 $73,649 $75,858
Prior Year Assessments 15,471 11,966 10,079 9,857 11,352
Total City Revenue $82,870 $81,387 $81,582 $83,506 $87,210
Web Site Advertising 7,200 7,200 7,200 7,200 7,200
Total Revenues $90,070 $88,587 $88,782 $90,706 $94,410
EXPENSES
Management Fee 13,479 13,883 14,300 14,729 15,171
Insurance 425 425 425 425 425
Trash Removal(all other Maintenance) 10,200 10,200 10,200 10,200 10,200
Website 5 Other Marketing 42,000 42,000 42,000 42,000 42,000
Public Events 10,000 10,000 10,000 10,000 10,000
City Administration 2,000 2,000 2,000 2,000 2,000
Budget Expenses $78,104 $78,508 $78,925 $79,354 $791796
Estimated Operating Reserve 11,966.00 10,078.60 9,857.33 11,352.17 14,614.60
Total Expenses $90,070 $88,587 $88,782 $90,706 $94,410
FORT WORTH.
Stockyards
Public Improvement District
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COPYRIGHT 2014 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 LEGAI
ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEYAND 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, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/9/2014 - Ordinance Nos. 21440-09-2014-&-21441-09-
2014
DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-320
LOG NAME: 17PID11 FY15PBH
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 11, Stockyards PID, Concerning the
Proposed 2014-2015 Budget in the Amount of$90,070.00 and Five-Year Service Plan and Proposed
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2014 Tax Year in the Amount of
$67,399.00, Adopt Appropriation Ordinances to Increase Estimated Receipts and Appropriations in the
Special Assessment District Fund in the Amount of$67,399.00 and Authorize Transfer in the Amount of
$2,000.00 for Administrative Fees from the Special Assessment District Fund, Public Improvement District
11 Fiscal Year 2014-2015 Project Account to the General Fund and Authorize Execution of an Agreement
with the Fort Worth Stockyards Preservation Foundation, Inc., to Manage the District (COUNCIL DISTRICT
2)
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 11, the Stockyards Public Improvement District for the 2014 tax year;
2. Approve the attached Stockyards Public Improvement District Budget and Five-Year Service Plan for
Fiscal Year 2014-2015;
3. Adopt the attached ordinance levying special assessments on the property located in the Stockyards
Public Improvement District, subject to assessment for the 2014 tax year;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Public Improvement District 11 Fiscal Year 2014-2015 Project Account of the Special Assessment District
Fund in the amount of$67,399.00 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 11 Fiscal Year 2014-2015 Project Account to the General Fund
contingent upon the adoption of the proposed 2014 Assessment Roll; and
6. Authorize the execution of an Agreement with the Fort Worth Stockyards Preservation Foundation,
Inc., in the amount of $13,479.00 to provide management and improvement services for the Stockyards
Public Improvement District during Fiscal Year 2014-2015.
DISCUSSION:
On February 25, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public
Improvement District 11 (Stockyards PID).
Logname: 17PID11FY15PBH Pagel of 3
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year
2014-2015 proposed assessments to be levied on each property in the Stockyards PID to adopt an
ordinance levying the proposed assessments and adopt an appropriation ordinance allocating estimated
receipts to the PID' s fund.
On August 26, 2014, (M&C BH-296) 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 Stockyards
PID, in accordance with state law.
The improvements and services to be provided in the PID during the 2014-2015 Fiscal Year and the costs
thereof are as follows:
Improvements Total Budgeted
Costs
Management Fee $13,479.00
Insurance $ 425.00
Trash Removal (All Other
Maintenance) $10,200.00
Website and Other Marketing $42,000.00
Public Events $10,000.00
City Administration $ 2,000.00
Budget Expenses $78,104.00
Estimated Operating Reserve $11,966.00
Total Expenses $90,070.00
The total budgeted costs of the improvements and services are in the amount of $90,070.00. Of this
amount, $67,399.00 will be funded by assessments collected on privately owned parcels located in the
district by applying a rate of$0.12 cents to each $100.00 of property value for commercial property.
The remainder of the costs in the amount of $22,671.00 will be funded by other revenue including: the
amount of $7,200.00 from web site advertising and the amount of $15,471.00 from prior year's
assessments carried forward to Fiscal Year 2014-2015.
The Stockyards PID is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and the 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 budgets, as appropriated,
of the Special Assessment District Fund and the General Fund
FUND CENTERS:
TO Fu nd/Accou nt/C enters FROM Fund/Account/Centers
5) GG01 461813 0171000 $2,000.00 5) GS87 539120 002511003000 2 000.00
4)GS87 488342 002511003000 $67.399.00 6) GS87 539120 002511003000 $13,479.00
4)GS87 539120 002511003000 $67.399.00
Logname: 17PID11FY15PBH Page 2 of 3
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Jay Chapa (5804)
Additional Information Contact: Ossana Hermosilo (6203)
Logname: 17PID11FY15PBH Page 3 of 3