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HomeMy WebLinkAboutOrdinance 16551-08-2005ey ~~r Ordinance No. ~~~~-'~O~ ~~ AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $46 352 FROM AVAILABLE FUNDS CONTINGENT UPON THE ADOPTION OF THE FISCAL YEAR 2005-2006 BUDGET FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO 7 (HERITAGE) MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2005-2006 in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $46,352 from available funds contingent upon adoption of the Fiscal Year 2005-2006 budget for the purpose of funding improvements and services in Public Improvement District No 7 (Heritage) 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 2005 and ending September 30 2006 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPROV TO FO AND LEGALITY Assistant Cit ttor ADOPTED AND EFFECTIVE. ~1 V yUS T ~~ ~~ City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 8/23/2005 Ordinance No 16551-08-2005 DATE Tuesday August 23 2005 LOG NAME 13PID7PUBLHEAR REFERENCE NO G-14894 SUBJECT Approve FY2005-06 Budget and Five-Year Service Plan for Fort Worth Public Improvement District Number 7 (HERITAGE) Authorize Transfer of City's Payment In-Lieu of Services Adopt Appropriation Ordinance Adopt Proposed 2005 Assessment Roll Set Benefit Hearing Authorize Transfer for Administrative Fees Adopt Appropriation Ordinance and Authorize Execution of a Contract with Premier Communities to Provide Management Services for the District RECOMMENDATION It is recommended that the City Council 1 Hold a public hearing concerning the budget and five-year service plan for FY2005-06 2. Approve the attached budget and five-year service plan for FY2005-06 as recommended by the Advisory Board of Fort Worth Public Improvement District Number 7 (PID 7) and approve adding to the FY2005-06 budget, as contingency any unencumbered revenues from the PID 7 assessments from prior years 3 Authorize the transfer of $46 352 00 for the City's payment in-lieu of services from the General Fund to the Special Assessment District Fund PID 7 FY2005-06 project account; 4 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $46 352 00 in the Special Assessment District Fund from available funds 5 Adopt the proposed 2005 assessment roll 6 Set Benefit Hearing for Tuesday September 13 2005 at 7 00 p m in the City Council Chambers, 7 Authorize the transfer of $9 829 00 for administrative fees from the Special Assessment District Fund PID 7 FY2005-06 project account to the General Fund and 8 Authorize the City Manager to execute a contract with Premier Communities to provide improvements and services in the PID 7 during FY2005-06 for the sum of $715 087 00 DISCUSSION On September 26 2000 (M&C G-13021) the City Council established Fort Worth Public Improvement District Number 7 (PID 7) State law requires an annual report on the proposed budget and five-year service plan which is included as part of this Mayor and Communication Logname 13PID7PUBLHEAR Page 1 of 2 The general nature of the proposed improvements and/or services to be provided by the district shall include An improvement district landscaping construction and maintenance program consisting of the planting and maintenance of special supplemental landscaping the maintenance of supplemental irrigation systems and park maintenance Special fencing in and along boulevards parks and open spaces, and An improvement district management program to provide for the administration management and operation of the district. Two line items listed on the five-year service plan which requires transfer of City funds are City Payment In- lieu of Services and City Administration Fee City Payment In-lieu of Services is a supplement to the PID budget, funding the level of improvements or services that would be provided by the City of Fort Worth to the taxpayers in the District. On July 27 2004 (M&C G-14443) the City Council adopted guidelines for setting an Administration Fee structure The City shall assess an annual administration fee for all districts equal to two percent (2%) of the district's annual assessments, or $2,000 00• whichever is greater PID 7 is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon approval and completion of the above recommendations funds will be available in the FY2005-06 operating budget, as appropriated of the Special Assessment District Fund TO Fund/Account/Centers FROM Fund/AccountlCenters GS87 472001 002507002000 $46,352.00 GG01 538070 0905800 $46.352.00 GG01 481306 0134010 9 829.00 GS87 539120 002507002000 9 829.00 GS87 539120 002507002000 $46.352.00 GS87 539120 002507002000 $715.087.00 Submitted for City Manager's Office b~ Richard Zavala (Acting) (6222) Originating Department Head. Jim Keyes (8517) Additional Information Contact: Jenny Townsend (6030) Logname 13PID7PUBLHEAR Page 2 of 2