HomeMy WebLinkAboutOrdinance 14374Ordinance No. ~ / J ~ 7
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN
THE AMOUNT OF $665,000 FROM AVAILABLE FUNDS FOR THE
PURPOSE OF PROVIDING FISCAL YEAR 2000-2001 FUNDING FOR
IMPROVEMENT DISTRICT NO. 1; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING 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 2000-
2001 and m the Budget of the City Manager, there shall also be increased estunated receipts and
appropriations in the Special Assessment District Fund in the amount of $665,000 00 from available
funds for the purpose of providing fiscal year 2000-2001 funding for Improvement District No 1
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 m
no way unpa~r 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 13949 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, inwhich 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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 rt is so ordained.
APPROVED AS TO FORM AND LEGALITY:
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Assistant C~Attorney
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Date
Adopted
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Effective
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City of Fort Worth, Texa~~
A ar And Caunc~l Can~f»un~cAt~an
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DATE REFERENCE NUMBER LOG NAME PAGE
10/17/00 BH-195 13BH-PID1 1 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC {MPROVEMENT DISTRICT NO 1 AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2000-2001
RECOMMENDATION
It is recommended that the City Council take the following actions regarding the Fort Worth Public
Improvement District No 1 (PID No 1)
1. Hold a benefit hearing concerning the proposed property assessments for FY2000-2001 on October
17, 2000, 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
$665,000 in the Special Assessment District Fund from available funds
DISCUSSION
On September 26, 2000 (M&C G-13019), the City Council directed that certain improvements and/or
services shall be provided in PID No 1 during Fiscal Year 2000-2001 It also adopted the proposed
assessment roll and provided 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 $ 574,898 $376,546
Promotions Program $ 72,950 $ 47,781
Marketing Program $ 68,392 $ 44,795
Security Program $ 67,500 $ 44,211
Transportation and Parking Program $ 23,165 $ 15,173
City Administration Fee $ 5,000 $ 5,000
Management Program $ 203,395 131 494
TOTAL. $1,015,300 $665,000
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The $350,300 difference between total costs and assessments includes $244,800 in direct payments
from the;City, which was appropriated from the General Fund by City Council action on September 26,
2000 (M&C G-130919), $78,000 in revenues from district activities and $27,500 from other
miscellaneous revenue sources, including the use of district reserve funds, if necessary
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City of Fort Worth, Texas
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DATE REFERENCE NUMBER LOG NAME PAGE
10/17/00 BH-195 13BH-PID1 2 of 2
suB.JECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND LEVYING OF
ASSESSMENTS FOR FISCAL YEAR 2000-2001
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 appropriation ordinance, funds will be
available in the current operating budget, as appropriated, of the Special Assessment District Fund
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Submitted for City Manager's FUND ACCOUNT CENTER A]VIOUNT CITY SECRETARY
Office by: (to)
GS87 488342 002100000000 $665,000.00 APPROVED
Charles Boswell 8511 GS87 539120 002100000000 $665,000.00 CI TY CO
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Originating Department Head. U
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Jim Keyes 8517 (from) 200
Additional Information Contact: ~~ `~~-./
City Secretary of ttae
Cit
of Fort ilVorth
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Judy Walton 8334
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