HomeMy WebLinkAboutOrdinance 1523109-12-~2 A 1 1 42 I ?d /`~~
Ordinance No.
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IIV THE AMOUNT OF $34,035 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2002-2003
FUNDING FOR IlVIPROVEMENT DISTRICT NO. 10; PROVIDING FOR A SEVERABILTI'Y
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND
REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING
AN EFFECTIVE DATE.
BE TT ORDAINED BY THE CITY COUNCII. OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That in addition to those amownts allocated to the various City deparwents for the Fiscal Year 2002-2003 and in the
Budget of the City 1Vlanager, there shall also be increased estimated receipts and appropriations in the Speciai Assessment
District Fund in the amount of $34,035 00 from available funds for the purpose of providing fiscal year 2002-2003
funding for Improvement District No. 10.
SECTION 2.
Should any portion, section or part of a section of this ordinance be declares 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 cumulative of Ordinance No. 14836, and all other ordinances and appropriations amending
the same except in those instances where the provisions of this ordinance are indirect 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expressly repealed.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 and be in full force and effect from and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY.
Assi t City Attorney Adopted
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Date Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
9/10/02 BH-204 13BH10 1 .of 2
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT .NO 10
(EXPANDED DOWNTOWN), ADOPTION OF APPROPRIATION ORDINANCE AND
LEVYING OF ASSESSMENTS FOR FISCAL YEAR 2002-2003
RECOMMENDATION
It is recommended that the City Council
Hold a benefit hearing on September 10, 2002 concerning the proposed property assessments of
Fort Worth Public Improvement District (PID) No 10 (Expanded Downtown) for FY2002-2003, 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 I
$34,035 in the Special Assessment District Fund from available funds i!
DISCUSSION
On August 27, 2002 (M&C G-13711), the City Council approved certain improvements and/or services
to be provided in Fort Worth PID No 10 during .FY2002-2003 The City Council also adopted the
proposed assessment roll and authorized notice of this benefit hearing The improvements to be°
provided and the costs are as follows
Total Cost Assessment
Maintenance and Landscaping Program $93,750 $34,035
Management Program $ 2,000 -0'
TOTAL $95,750 $34,035"'
*The $61,715 difference between total costs and assessments includes $1,040 in direct payments from
the City, which was appropriated from the General Fund balance by City Council action on August 27,
2002 (M&C G-13711), $53,176 in revenues from other special improvement district activities generated
from PID No 1, and $7,499 from "The T" for contract services
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's Office 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 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 contract.
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City of Fort Worth, Texas
Manor and Council Communication