HomeMy WebLinkAboutOrdinance 14819ORDINANCE NO.Jr `-t4 ~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $24,978 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2001-2002
FUNDING FOR IlVII'ROVEMENT DLSTRICT NO. 7; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATNE 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 L
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 $24,978.00 from available funds for the purpose of funding the public improvements and
services for Fort Worth Public Improvement District No. 7
SECTION 2.
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 pacts of sections of this ordinance, which said remaining provisions shall be and remain in full force and
effect.
SECTION 3.
That this ordinance is the first of such ordinances, and shall be cumulative henceforth, with 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appropriations are hereby expressly repealed.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:.
--__.__.
t city ttorney
Date
Adopted
to -~~ --o l
Effective
City of Fort Worth, Texas
M,~Ayoe and Counri! Commun~cAtian
DATE REFERENCE NUMBER LOG NAME PAGE
10/16/01 BH-200 13BENEFIT-7 1 of 2
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 7
(HERITAGE 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
$24,978 in the Special Assessment District Fund from available funds
DISCUSSION
On September 25, 2001 (M&C G-13384), the City Council directed that certain improvements and/or
services (improvements) shall be provided in Fort Worth Public Improvement District No 7 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
Tota{ Cost To Be Assessed
Maintenance and Landscaping $146,074 $20,137
City Administration Fee $ 10,000 $ 1,379
Operating Expenses $ 10,812 ~ $ 1,490
Replacement Reserves $ 1,000 $ 138
Contingency $ 10,000 $ 1,379
Community Programs 3 300 455
TOTAL $181,186 $24,978*
* The $156,208 difference between total costs and assessments reflects a $5,000 direct reimbursement
from the City for mowing the public area, which was appropriated from the General Fund balance by the
City Council on September 25, 2001 (M&C G-13384), and a $151,208 subsidy from the Hillwood
Development Corporation
City of Fort Worth, Texas
~11~A~or And Caun~il C,alrltrlunlcAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
10/16/01 BH-200 13BENEFIT-7 2 of 2
suB.lECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 7
(HERITAGE 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 7 management contract between
the City and the Premier Communities
FISCAL INFORMATION/CERTIFICATION
.g
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 002507002000 $24,978.00 ~
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Additional Information Contact: v.
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Linda Brown 6030 - ~ ~~~arth• *"7Oo
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