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Home My WebLink AboutOrdinance 21857-09-2015 ORDINANCE NO.21857-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 1 - DOWNTOWN FUND IN THE AMOUNT OF $2,970,651.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2015 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE DOWNTOWN PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2015-2016; 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 201.5-2016 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fiscal Year 2015-2016 Fort Worth Public Improvement District 1 -Downtown Fund in the amount of$2,970,651.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2015 Tax Year, for the purpose of providing management and improvement services for the Downtown Public Improvement District during Fiscal Year 2015-2016. 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, 2015, and ending September 30, 2016, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: laleshia B.,„Fanner ary J. ay r Senior Assistant City Attorney City Secret . M&C: BH-332 Adopted and Effective: September 15, 2015 Ordinance No. 21857-09-2015 Page 1 of 1 �FORTWORTH. Downtown Public Improvement District ii � l / wlti � w O r , ri 7 $ 7TH r � AAn�ylI ' LANGgSTER' yi y LIM VIII LEGEND PID 1 - DOWNTOWN N ,� �u✓ �;1� r r 0 0.125 0.25 0.5 Miles � �� ,�� Pre ared on:Au ust 19 2014 r o�ii fi '� s ✓y >i� 1 //,, r euG,i COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THI1c 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 PID#1 DOWNTOWN PROPOSED BUDGET& FIVE YEAR SERVICE PLAN FY 15-16 FY 16-17 FY 17-18 FY 18-19 FY 19-20 REVENUES PID Assessments 1,837,000 1,873,740 1,911,215 1,949,439 1,988,428 COFW Assessments 200,000 204,000 208,080 212,242 216,486 City Payment in-lieu of Sec 141,300 144,126 147,009 149,949 152,948 PID Generated Revenue 124,696 127,190 129,734 132,328 134,975 Prior Year's Assessment 667,656 625,053 628,118 659,822 704,572 Total Revenues: $ 2,970,652 $ 2,974,109 $ 3,024,155 $ 3,103,780 $ 3,197,409 EXPENSES Management Fee(Admin.) 270,750 284,288 297,080 306,395 312,523 Water 13,000 13,000 13,000 13,000 13,000 Utilities 12,500 12,500 12,500 12,500 12,500 Landscape/Tree Maint. 123,986 100,123 100,123 100,123 100,123 Trash Removal(&All Maint.) 1,157,390 1,180,538 1,215,000 1,236,601 1,253,884 Fence Maintenance - - - - - Holiday Lighting/Decor. 40,000 47,000 59,672 60,840 52,869 Security Patrols 67,125 79,225 29,225 29,225 29,225 Communications(Newsletter) 5,000 5,000 5,000 5,000 5,000 Marketing(&Research) 396,507 352,857 360,000 362,664 369,917 Transportation&Planning 197,038 202,913 202,913 202,913 202,913 Public Events - - - - - Capital Improvements - 5,000 5,000 5,000 5,000 Replacements - - - - - Insurance 4,700 4,794 4,890 4,988 5,087 Annual review(Audit) 15,000 15,300 15,606 14,750 15,045 City Administrative Fee 42,602 43,454 44,323 45,210 46,114 Budget Expenses: $ 2,345,598 $ 2,345,991 $ 2,364,332 $ 2,399,208 $ 23377,087 Estimated Operating Reserve 625,053 628,118 659,822 704,572 820,322 Total Expenses $ 2,970,651 $ 2,974,109 $ 3,024,155 $ 3,103,780 $ 3,197,409 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/15/2015 - Ordinance Nos. 21857-09-2015 & 21858-09- 20'15 DATE: Tuesday, September 15, 2015 REFERENCE NO.: BH-332 LOG NAME: 17NS PID1 FY16PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 1, Downtown PID, Approve Proposed 2015-2016 Budget in the Amount of$2,970,651.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of $1,837,000.00, Authorize Transfer in the Amount of$141,300.00 from the Fort Worth Public Improvement District 1 - Downtown Fund for the City's Payment in Lieu of Services, Authorize Transfer in the Amount of $200,000.00 from the General Fund to the Fort Worth Public Improvement District 1 - Downtown Fund for the City's Payment in Lieu of Assessment, Adopt Appropriation Ordinances to Increase Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the Amount of $2,970,651.00 and Authorize Transfer in the Amount of$42,602.00 for Administrative Fees from the Fort Worth Public Improvement District 1 - Downtown 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 1, Downtown Public Improvement District for the 2015 tax year; 2. Approve the attached 2015-2016 Fiscal Year Budget and Five-Year Service Plan for the Downtown Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Downtown Public Improvement District for the 2015 tax year; 4. Authorize a transfer in the amount of $141,300.00 from the General Fund to the Fort Worth Public Improvement District 1 - Downtown Fund for the City's Payment In-Lieu of Services; 5. Authorize a transfer in the amount of $200,000.00 from the General Fund to the Fort Worth Public Improvement District 1 - Downtown Fund for the City's Payment In-Lieu of Assessments; 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the amount of$2,970,651.00 from available funds; 7. Authorize a transfer in the amount of $42,602.00 for administrative fees from the Fort Worth Public Improvement District 1 - Downtown Fund to the General Fund contingent upon the adoption of the proposed 2015 Assessment Roll; and T (,,Y,o• 1'INTC DTTII RV1,<URTT Patna 1 of q 8. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of $270,750.00 to provide management and improvement services for the Downtown Public Improvement District during Fiscal Year 2015-2016. DISCUSSION: On June 23, 2009, (M&C C-23627) the City Council adopted Resolution No. 3756-06-2009 re-establishing Fort Worth Public Improvement District 1 (Downtown PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2015-2016 Fiscal Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2015 tax year. Following the public hearing, it is recommended that the City Council approve the attached Budget and Five-Year Service Plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the appropriation ordinance allocating estimated receipts and appropriations to the Fort Worth Public Improvement District 1- Downtown Fund. On September 1, 2015, (M&C BH-324) the City Council conducted a public hearing to receive comments on the proposed 2015-2016 Fiscal Year 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 Downtown PID, in accordance with state law. The improvements and services to be provided in the PID during the 2015-2016 Fiscal Year and the costs thereof are as follows: __7 Improvements Total Budgeted Costs Management Fee (Admin.) F $ 270,750.00 Water $ 13,000.00 Utilities $ 12,500.00 [1andscape/Tree Maintenance $ 123,986.00 Trash Removal (other $1,157,390.00 Maintenance) Holiday Lighting/Decor $ 40,000.00 Security Patrols $ 67,125.00 Communications/Newsletters^� $ 5,000.00 Marketing (and Research) ( $ 396,507.00 Transportation and Planning $ 197,038.00 Insurance _ $ 4,700.00 Annual review (Audit) $ 15,000.00 City Administrative Fee $ 42,602.00 Budget Expenses 1 $2,345,598.00 jstimated Operating Reserve $ 625,053.00 Total Expenses $2,970,651.00 The total budgeted costs of the improvements are in the amount of $2,970,651.00. Of this amount, T 1'TXTQ DTTl1 L'V1 KDDT7 T). -A 7 _F 2 $1,837,000.00 will be funded by assessments collected on privately owned parcels located in the PID by applying a rate of $0.10 cents to each $100.00 of property value. The remainder of the costs in the amount of $1,133,651.00 will be funded by other revenue sources including: the amount of $200,000.00 in direct payments from the City for Payment In-Lieu of Assessments, the amount of$141,300.00 in direct payments from the City for Payment In-Lieu of Services, the amount of $124,696.00 in revenues generated by PID activities and the amount of$667,655.00 from prior year's assessments and revenues. The Downtown PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2015-2016 Budget by the City Council to include the above recommended item(s), funds will be available in the Fiscal Year 2016 operating budgets, as appropriated, of the Fort Worth Public Improvement District 1 - Downtown Fund. FUND CENTERS: TO Fund/AccounVCenters FROM Fund/Account/Centers 4)5) 28501 4910100 019501002000 $341,300.00 4)5) 10100 5330201 0801000 $341.300.00 6) 28501 4XXXXXX 019501002000 $2,970,651.00 7)28501 5900010 019501002000 $42,602.00 6)28501 5XXXXXX 019501002000 $2,970,651.00 7) 10100 4401001 0191000 $42,602.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Allison Gray (8030) Additional Information Contact: Charletta Moaning (7333) T n rvomo• 1'7ATQ DM DV1 KDDT-T