HomeMy WebLinkAboutOrdinance 16109~,
Ordinance No ~ ~ `
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $900 000 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO 1 (DOWNTOWN); 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 Cjty•departments for Fiscal Year 2004-2005 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 $900,000 from available funds for the purpose of funding
improvements and services in Public Improvement District No 1 (Downtown).
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 2004 and ending
September 30 2005, 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hereby expressly repealed.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 A TO FORM AND LEGALITY
Assistant y Attorney
ADOPTED AND EFFECTIVE.
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 9/7/2004 Ordinances No 16108 and 16109
DATE Tuesday September 07 2004
LOG NAME 13PID1 BENHEAR REFERENCE NO BH-214
SUBJECT
Benefit Hearing for Fort Worth Public Improvement District No 1 (Downtown) Adoption of
Appropriation Ordinance and Levying of Assessments for Fiscal Year 2004-2005
RECOMMENDATION
It is recommended that the City Council.
1 Hold a benefit hearing concerning the proposed property assessments for Fiscal Year
2004-2005 on September 7 2004 and
2. Close the benefit hearing, and
3 Adopt the attached ordinance which levies the proposed assessments and
4 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations
by $900 000 in the Special Assessment District Fund from available funds.
DISCUSSION
On July 20 2004 (M&C G-14435) the City Council directed that certain improvements and/or services (the
`Improvements") should be provided in Fort Worth Public Improvement District No 1 during the 2004-2005
fiscal year It also adopted the proposed assessment roll and provided notice of this benefit hearing
The improvements to be provided and the costs thereof are.
Total Casts To Be Assessed
FY2004-05
1) Maintenance $ 775 940 $ 525 072
2) Promotions $ 20 000 $ 13,534
3) Security $ 27,580 $ 18 663
4) Marketing $ 103,520 $ 70 051
5) Transportation & Parking $ 125 368 $ 84 836
6) Administration $ 277 592 $ 1.87 844
Total $1 330 000 $ 900 000
The $430 000 difference between total costs and assessments includes $293 738 in direct payments from
the City which was appropriated from General Fund balance by City Council action on July 20 2004 (M&C
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G-14435) $95 100 in revenues from district activities and $41 162 from other miscellaneous revenue
sources including .the use of district reserve funds if necessary
All costs of improvements shall be assessed against private property located in the district and the owners
of the property The City Manager has filed with the City Secretary a proposed assessment roll and an
estimate of the assessments against each parcel.
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
This property is located in COUNCIL DISTRICT 9
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached ordinances funds will be available in the
fiscal year 2004-2005 operating budget, as appropriated of the Special Assessment District Fund.
TO FundlAccountlCenters FROM Fund/Account/Centers
GS87 488342 002501002000 $900.000.00
GS87 539120 002501002000 $900,000.00
Submitted for City Manager's Office by, Charles Boswell (8511)
Originating Deuartment Head. Jim Keyes (8517)
Additional Information Contact: Skipper Shook (8519)
Logname 13PID1BENHEAR Page 2 of 2