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HomeMy WebLinkAboutOrdinance 14835.,,t ~, ~ ~ ~ Ordinance No. ~ T AN ORDINANCE INCREASING THE ESTIMATED RECEII'TS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $33,368 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2001-2002 FUNDING FOR IlVIPROVEMENT DISTRICT NO. 10; PROVIDING FOR A SEVERABII.ITY CLAUSE; MAHING THLS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BYTHE 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 $33,368.00 from available funds for the purpose of providing fiscal year 2001-2002 funding for Improvement District No. 10. 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 parts 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 indirect conflict with such other ordinances and appropriations, in which instance said .conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SEC'T'ION 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 City Attorney ~~ Q Adopted ~~ / o /o® Date /l~~ ~a~ Effective ~- City of Fort Worth, Texas ~1-~A~ar And Caunc~il Ca~rtr»un~cAt~an DATE REFERENCE NUMBER LOG NAME PAGE 10/30/01 gH_202 13BENEFIT-10 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 2001-2002 RECOMMENDATION It is recommended that the City Council Hold a benefit hearing on October 30, 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 $33,368 in the Special Assessment District Fund from available funds DISCUSSION On October 16, 2001 (M&C G-13407), the City Council directed that certain improvements and/or services (improvements) should be provided in Fort Worth Public Improvement District No 10 during the 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 as follows. Total Cost To Be Assessed Maintenance and Landscaping Program $91,750 $33,368 Management Program 2 512 -0- Total $94,262 $33,368* * The $60,894 difference between total costs and assessments includes $1,020 in direct payments from the City, which was appropriated from the General Fund balance by the City Council on October 16, 2001 (M&C G-13407), $52,522 in revenues from other Special Improvement District activities generated from PID No 1, and $7,352 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 a proposed assessment roll and an estimate of the assessments against each parcel C City of Fort Worth, Texcrs ~1-~A~a~ And Caunc~l ~an~n~un~cAt~an DATE 10/30!01 REFERENCE NUMBER BH-202 LOG NAME 13BENEFIT-10 PAGE 2 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 2001-2002 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 002510002000 $33,368.00 Charles Boswell 8511 GS87 539120 002510002000 $33,368.00 gppR4VED / ~ /1 'l Originating Department Head: ~ / 1~ (( / C~T I C~U~C~L Jim Keyes 8517 (from) 0 C T $ Q 20{11 ~~ )) Additional Information Contact: ~~ su• l7f'r ~...t/ City Secretary of the Linda Brown 6030 Citp oI Fort 1A-czth,'l~f3X33 a~loa~ed Urdlnarlce 1~on A,Joat^d Ordlnarlc~ ~~~ ~~