HomeMy WebLinkAboutOrdinance 14815Ordinance No. /~ d
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $686,664 FROM
AVAILA$LE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2001-2002
FUNDING FOR IlVIPROVEMENT DISTRICT NO. 1; PROVIDING FOR A SEVERABII.ITY
CLAUSE; MAIONG THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND
REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING
AN EFFECTIVE DATE.
SE TT 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 2001-2002 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 $b$6,664 00 from available funds for the purpose of providing fiscal year 2001-2002
funding for Improvement District No. 1.
SECTION 2.
Should any portioq 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 +~a~n~ng provisions shall be and remain in full force and
effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No. 14374 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expressly repealed.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.
APPRO AS TO FORM AND LEGALITY:
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Assistant ity Attorney
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Date
/D -- / j - ~O®/
Adopted
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Effective
City of Fort Worth, Texas
~11~A~ar And Caunc~il L,am~rtun~cAt~ian
DATE REFERENCE NUMBER LOG NAME PAGE
10/16/01 BH-198 13BENEFIT-1 1 of 2
5u~~tcr BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1
(DOWNTOWN), ADOPTION OF APPROPRIATION ORDINANCE AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2001-2002
RECOMMENDATION
It is recommended that the City Council
Hold a benefit hearing on October 16, 2001 concerning the proposed property assessments for
Fiscal Year 2001-2002, 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
$686,664 in the Special Assessment District Fund from available funds.
DISCUSSION
On September 25, 2001 (M&C G-13382), the City Council directed that certain improvements and/or
services (improvements) should be provided in Fort Worth Public Improvement District No 1 during
Fiscal Year 2001-2002. The City Council also adopted the proposed assessment roll and authorized
notice of this benefit hearing
The improvements to be provided and the costs thereof are
Total Cost To Be Assessed
Maintenance and Landscaping Program $ 590,665 $397,960
Promotions Program $ 40,000 $ 26,950
Marketing Program $ 62,686 $ 42,235
Security Program $ 25,305 ~ $ 17,050
Transportation and Parking Program $ 93,171 ~ $ 62,774
Management Program $ 207,342 $139,695
Excess SID (Special Improvement District) $ 35,270 -0-
revenues to expansion area
TOTAL $1,054,439 $686,664*
* The $367,775 difference between total costs and assessments includes $244,800 in direct payments
from the City, which was appropriated from the General Fund balance by City Council action on
September 25, 2001 (M&C G-13382), $110,475 in revenues from district activities and $12,500 from
other miscellaneous revenue sources, including the use of district reserve funds if necessary
City of Fort Worth, Texas
A ar And aunc~l C,~'1111111un1cAt10n
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DATE REFERENCE NUMBER LOG NAME PAGE
10/16!01 BH-198 136ENEFIT-1 2 of 2
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1
(DOWNTOWN), ADOPTION OF APPROPRIATION ORDINANCE AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2001-2002
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 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.
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached ordinances, funds will be available in
the Fiscal Year 2001-2002 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 002501002000 $686,664.00 ~ROV~~
Charles Boswell 8511 GS87 539120 002501002000 $686,664.00 I
Originating Department Head: CITY COUNC
L.
Jim Keyes 8517 (from) OI;T 16 2001
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Additional Information Contact: t~i~,u.tJ
City Secretarq of SAe
Linda Brown 6030 C;ty o! Fcr1 Wo:ln;: Te:a~.~