HomeMy WebLinkAboutOrdinance 15233.r
09-12,~0~ i ,„
ORDINANCE NO.
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $1,198,566 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2002-2003
FUNDING FOR IlVIPROVEMENT DLSTRICT NO. 6; PROVIDING FOR A SEVERABII.ITY
CLAUSE; MAIQNG THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND
REPEALING ALL 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 the Fiscal Year 2002-2003 and 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 $1,198,566.00 from available funds for the purpose of funding the public improvements
and services for Fort Worth Public Improvement District No. 6.
SECTION 2.
Should any portioq section or part of a section of this ordinance be declared invalid, inoperative or void for airy 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. 14817 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expressly repealed.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 and be in full force and effect from and after the date of its passage, and it is so ordained.
APPROVED O FORM AND LEGALITY:
Assistan City Attorney
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Date
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Adopted
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Effective
City of Fort Worth, Texas
Mayor and Council Communication
REFERENCE NUMBER LOG NAME PAGE
9/10/02 BH-205 13BH6 1 of 2
~T BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 6
(PARK GLEN AREA), 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 the
Fort Worth Public Improvement District (PID) No 6 (Park Glen Area) 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
$1,198,566 in the Special Assessment District Fund from available funds
DISCUSSION
On August 27, 2002 (M&C G-13712), the City Council directed that certain improvements and/or
services be provided in Fort Worth PID No 6 during FY2002-2003- The City Council also adopted the
proposed assessment roll and provided notice of this benefit hearing The improvements to be
provided and the costs are as follows
• Maintenance And Landscaping
• Security Patrols
• City Administrative Fee
• Operating Expenses
• Replacement Reserves
• Contingency
• Homeowners Association
• Capitollmprovements
Total
Total Cost Assessments
$ 696,146 $ 634,147
$ 100,000 $ 91,094
$ 8,500 $ 7,743
$ 170,000 $ 154,860
$ 100,000 $ 91,094
$ 10,000 $ 9,109
$ 106,100 $ 96,651
$ 125,000 $ 113,868
$1,315,746 $1,198,566"
The $117,180 difference between total costs and assessments reflects a direct reimbursement from the
City of Fort Worth for .park maintenance, which was appropriated from the General Fund balance by the
City Council on August 27, 2002 (M&C G-13712)
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
;+
City of Fort Worth, Texas
Mayor and Council Communication
9/10/02 BH-205 13BH6 2 of 2
suB~ECr BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 6
(PARK GLEN AREA), ADOPTION OF APPROPRIATION ORDINANCE AND LEVYING
OF ASSESSMENTS FOR FISCAL YEAR 2002-2003
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 PID No 6 management contract between the City and Principal
Management Group
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached ordinances, funds will be available in
the FY2002-2003 operating budget, as appropriated, of the Special Assessment District Fund
CB n
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GS87 488342 002506002000 $1,198,566.00
Charles Boswell 6183 GS87 539120 002506002000 $1,198,566.00
Jim Keyes 8517 (from) APPROVED 09/10/02
ORD.# 15232 & 15233
Additional Information Contact:
Linda Brown 6030