HomeMy WebLinkAboutOrdinance 14817ORDINANCE NO. / ~! _
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DLSTRICT FUND IN THE AMOUNT OF $1,090,298 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2001-2002
FUNDING FOR IlVIPROVEMENT DISTRICT NO. 6; PROVIDING FOR A SEVERABILITY
CLAUSE; MAIONG THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND
REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING
AN EFFECTIVE DATE.
BE TT ORDAINED BY THE CTIY 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 $1,090,298.00 from available funds for the purpose of funding the public improvements
and services for Fort Worth Public Improvement District No. 6
SECTION 2.
Should airy portioq section or part of a section of this ordinance be declared ir-valid, 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. 143'l6 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expressly repealed.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 AS TO FORM AND LEGALITY:
Assistant ty Attorney
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Date
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Adopted
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Effective
City of Fort Worth, Texas
~11~A~a~ And Caun~il Ca~rl~rlun~cAtlan
DATE REFERENCE NUMBER LOG NAME PAGE
10/16/01 BH-199 13BENEFIT-6 1 of 2
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 6
(PARK GLEN RESIDENTIAL AREA), 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
$1,090,298 in the Special Assessment District Fund from available funds
DISCUSSION
On September 25, 2001 (M&C G-13383), the City Council directed that certain improvements and/or
services (improvements) shall be provided in Fort Worth Public Improvement District No 6 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 $ 609,234 $ 492,054
Security Patrols $ 100,000 $ 100,000
City Administration Fee $ 10,000 $ 10,000
Operating Expenses $ 154,854 $ 154,854
Replacement Reserves $ 100,000 $ 100,000
Contingency $ 10,000 $ 10,000
Homeowners Association and Community Events $ 73,390 $ 73,390
Capitallmprovements $ 150,000 $ 150,000
TOTAL $1,207,478 $1,090,298*
*The $117,180 difference between total costs and assessments reflects a direct reimbursement from
the City for park maintenance, which was appropriated from the General Fund balance by the City
Council on September 25, 2001 (M&C G-13383)
City o, f Fort Worth, Texas
~1-~A~ar And C,aunc~l ~anttnun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
10/16/01 BH-199 136ENEFIT-6 2 of 2
suB~ECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 6
(PARK GLEN RESIDENTIAL AREA), 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 Public Improvement District No 6 management contract between
the City and the Principal Management Group
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 002506002000 $1,090,298.00 APPROVED
Charles Boswell 8511 GS87 539120 002506002000 $1,090,298.00 ~~~
Originating Department Head: ~ ~~~~~~~
Jim Keyes 8517 (from) ~ ~ T ~ 6 20~~
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Linda Biown 6030
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