HomeMy WebLinkAboutOrdinance 16594-09-2005Ordinance No. lfoS9y-Oy-apgs-
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $42,723 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 11 (STOCKYARDS); 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 $42,723 from available funds for the purpose of funding
improvements and services in Public Improvement District No. 11 (Stockyards).
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hereby expressly repealed.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.
APPROVED TO FORM AND LEGALITY:
Assistant City torney - ~~.
ADOPTED AND EFFECTIVE: cSP~fl~'2m 64!' ~3~ oZApS
09-26-05 A09~31 IN
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/13/2005 -Ordinance No. 16593-09-2005 & Ordinance No.
16594-09-2005
DATE: Tuesday, September 13, 2005
LOG NAME: 13PID11 BEN05-06
REFERENCE NO.: BH-223
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District Number 11 (Stockyards) Concerning
Proposed Property Assessments, Adoption of Ordinance Levying Assessments for Fiscal Year
2005-06 and Adoption of Appropriation Ordinance for Fiscal Year 2005-06
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a benefit hearing concerning the proposed property assessments for Fort Worth Public
Improvement District (PID 11) for Fiscal Year 2005-06;
2. Adopt the attached ordinance which levies the proposed assessments for PID 11 for Fiscal Year 2005-
06; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$42,723.00 in the Special Assessment District Fund PID 11 Project account. from available funds.
DISCUSSION:
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2005-
06 proposed assessments to be levied on each property in Fort Worth PID 11, to adopt an ordinance
levying the proposed assessments and to adopt an appropriation ordinance allocating estimated receipts
to the District.
On August 23, 2005, (M&C G-14896) the City Council approved the Fiscal Year 2005-06 budget and five-
year service plan, directed that certain improvements and/or services be provided in PID 11 during the
Fiscal Year 2005-06, adopted the proposed 2005 assessment roll and provided notice of this benefit
hearing.
The improvements and services to be provided and the costs thereof are:
Improvement
1) Marketing Campaign
2) Security
3) Street and Sidewalk Cleanliness
4) Operations
5) City Administration Fee
Total
Logname: 13PID 11 BENOS-06
Total Budgeted Costs
$29, 000.00
$14, 500.00
$29,000.00
$13, 500.00
2 000.00
$88,000.00
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The total budgeted costs of the improvements and services are $88 000 00 Of this amount, $42,723 00
will be funded by assessments collected on privately owned parcels located in the district by applying a
rate of $0 10 cents to each $100 00 of the value of such property as determined by the City Council The
remainder of the costs, $45 277 00 will be funded by un-used prior year assessments. (Note Fund
balance accumulation planned for future projects such as signage for District)
Based on the appraised value of the property and considering the benefits to be received from the
proposed improvements, it is the opinion of the City staff that an amount equal to or more than the
proposed assessments upon completion of the improvements in accordance with the contract, will
enhance each parcel of property in value
PID 11 is commonly known as the 'Stockyards PID and is located in COUNCIL DISTRICT 2. A map is
attached
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached ordinances, funds required for this
expenditure will be available in the Fiscal Year 2005-06 operating budget, as appropriated of the Special
Assessment District Fund
TO Fund/Account/Centers FROM Fund/Account/Centers
GS87 488342 002511003000 $42,723.00
GS87 539120 002511003000 X42,723.00
Submitted for City Manager's Office b~ Richard Zavala (Acting) (6222)
Originating Department Head. Jim Keyes (8517)
Additional Information Contact: Jenny Townsend (6030)
Logname 13PID11BEN05-06 Page 2 of 2