HomeMy WebLinkAboutOrdinance 21865-09-2015 ORDINANCE NO.21865-09-2015
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 11 –
STOCKYARDS FUND IN THE AMOUNT OF $89,277.00, 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 STOCKYARDS 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 2015-2016 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 11 – Stockyards in the amount of $89,277.00, 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 Stockyards 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appropriations are hereby expressly repealed.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 FOP AND LEGALITY:
Maleshia B. r-mer Mary J. Ka —
Senior Assistant City Attorney City Secreta"
M&C: BH-336
Adopted and Effective: September 15, 2015
Ordinance No.21865-09-2015
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COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THI'r
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#11 STOCKYARDS PROPOSED BUDGET&FIVE YEAR SERVICE PLAN
FY15/16 FY16/17 FY17/18 FY18/19 FY19/20
REVENUES
Assessment Revenues $67,420 $67,420 $67,420 $67,420 $67,420
Prior Year Assessments 12,857 11,168 9,074 6,564 3,625
Total City Revenue $80,277 $78,588 $76,494 $73,984 $71,045
Web Site Advertising 9,000 9,000 9,000 9,000 9,000
Total Revenues $89,277 $87,588 $85,494 $82,984 $80,045
EXPENSES
Management Fee 13,484 13,889 14,305 14,734 15,176
Insurance 425 425 425 425 425
Trash Removal(all other Maintenance) 10,200 10,200 10,200 10,200 10,200
Website&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 $78,109 $78,514 $78,930 $79,359 $79,801
Estimated Operating Reserve 11,168 9,074 6,564 3,625 244
Total Expenses $89,277 $87,588 $85,494 $82,984 $80,045
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/15/2015 - Ordinance Nos. 21865-09-2015 & 21866-09-
2015
DATE: Tuesday, September 15, 2015 REFERENCE NO.: BH-336
LOG NAME: 17NS PID11 FY16PBH
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 11, Stockyards PID, Approve Proposed
2015-2016 Budget in the Amount of$89,277.00 and Five-Year Service Plan and Proposed Assessment
Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of$67,420.00,
Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Fort Worth Public
Improvement District 11 - Stockyards Fund in the Amount of$89,277.00, Authorize Transfer in the Amount
of$2,000.00 for Administrative Fees from the Fort Worth Public Improvement District 11 - Stockyards Fund
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 2015 tax year;
2. Approve the attached Stockyards Public Improvement District Budget and Five-Year Service Plan for
Fiscal Year 2015-2016;
3. Adopt the attached ordinance levying special assessments on the property located in the Stockyards
Public Improvement District, subject to assessment for the 2015 tax year;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort
Worth Public Improvement District 11 - Stockyards Fund in the amount of $89,277.00 from available
funds;
5. Authorize a transfer in the amount of $2,000.00 for administrative fees from the Fort Worth Public
Improvement District 11 - Stockyards Fund to the General Fund contingent upon the adoption of the
proposed 2015 Assessment Roll; and
6. Authorize the execution of an Agreement with the Fort Worth Stockyards Preservation Foundation,
Inc., in the amount of $13,484.00 to provide management and improvement services for the Stockyards
Public Improvement District during Fiscal Year 2015-2016.
DISCUSSION:
On February 25, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public
Improvement District 11 (Stockyards 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 to the Fort Worth Public Improvement District 11 - Stockyards Fund.
On September 1, 2015, (M&C BH-328) the City Council conducted a public hearing to receive comments
on the proposed Fiscal Year 2015-2016 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 2015-2016 Fiscal Year and the costs thereof are as follows:
Improvements Total Budgeted Costs
Management Fee $13,484.00
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 $78,109.00
Estimated Operating Reserve $11,168.00
Total Expenses $89,277.00
The total budgeted costs of the improvements and services are in the amount of$89,277.00. Of this
amount, $67,420.00 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$21,857.00 will be funded by other revenue including: the
amount of$9,000.00 from website advertising and the amount of$12,857.00 from prior year's
assessments carried forward to Fiscal Year 2015-2016.
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 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 11 - Stockyards Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
4)28511 4XXXXXX 019511003000 $89,277.00 5) 28511 5900010 019511003000 $2,000.00
4) 28511 5XXXXXX 019511003000 $89,277.00 6) 28511 5330201 019511003000 $13,484.00
5) 10100 4401001 0191000 $2,000.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Allison Gray (8030)
Additional Information Contact: Scott McDonald (6203)