HomeMy WebLinkAboutOrdinance 16124Ordinance No ~~ ~~
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $335,436 FROM
AVAILABLE FUNDS 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 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 $335,436 from available funds 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 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hereby expressly repealed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
APPROVE TO FO. AND LEGALITY
~~.
Assistant City orn -
ADOPTED AND EFFECTIVE. ~ _~
a
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 9/21/2004 Ordinance Nos 16123 and 16124
DATE Tuesday September 21 .2004
LOG NAME. 13PID7BENHEAR
REFERENCE NO BH-216.
SUBJECT
Benefit Hearing for Fort Worth Public Improvement District No 7 (Heritage Area) Adoption of
Appropriation Ordinance and Levying of Assessments for Fiscal Year 2004-2005
RECOMMENDATION
It is recommended that the City Council:
Hold a benefit hearing concerning the proposed property assessments for Fiscal Year 2004-2005
on September 21 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
$335 436 in the Special Assessment District Fund from available funds.
DISCUSSION
On August 31 2004 (M&C G-14482) the City Council directed that certain improvements and/or services
(the "Improvements") should be provided in Fort Worth Public Improvement District No 7 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 To Be
Cost Assessed
FY2004-05
(1) Utilities $103,000 $ 53,408
(2) Grounds Expenses 498,443 251 746
(3) City Administration 6 709 6 709
(4) Administrative Expenses 45 461 23 573
"Totals $653 613 $335 436
*The $318 177 difference between costs and assessments reflects a $40 057 direct reimbursement from
the City of Fort Worth for mowing public areas which was appropriated from General Fund balance by City
Council on August 31 2004 (M&C G-14482) a $254 120 subsidy from Hillwood Development Corporation
and a $24 000 subsidy from Builders Assessments.
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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 each parcel of property will be enhanced in
value by an amount equal to or more than the proposed assessments upon completion of the
improvements in accordance with the PID 7 management contract between the City and Premier
Communities.
PID No 7 is located in COUNCIL DISTRICT 2.
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 2004-2005 operating budget, as appropriated of the Special
Assessment District Fund.
TO Fund/AccountlCenters FROM Fund/Account/Centers
GS87 488342 002507002000 $335.436.00
GS87 539120 002507002000 $335.436.00
Submitted for City Manager's Office b~ Richard Zavala (Acting) (8511)
Originating Department Head Jim Keyes (8517)
Additional Information Contact: Skipper Shook (8519)
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