HomeMy WebLinkAboutOrdinance 13617Ordinance No.~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEII'TS AND APPROPRIATIONS IN THE
SPECIAL ASSESSMENTS FUND IN THE AMOUNT OF $621,612.00 FROM AVAILABLE FUNDS
FOR THE PURPOSE OF FUNDING THE FORT WORTH PUBLIC 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 1998-99 and in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations in the Special Assessments Fund in the
amount of $621,612.00 from available funds for the purpose of fiznding the Fort Worth Public 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 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. 13540 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repealed.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 and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
\ I~
Assistant City Attorney
Date
Adopted
/d ~a - I ~
Effective
City of Fort Worth, Texas
~1-~Ayar And Caunc~l C,ammun~cAt~an
DAl"E REFERENCE NUMBER LOG NAME PAGE
10/20/98 BH-190 13PID1 1 of 2
SUE3JECT BENEFIT HEARING AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1998-99
FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND ADOPTION OF
RELATED APPROPRIATION ORDINANCE
RECOMMENDATION
It is recommended that the City Counci}
1 Hold a benefit hearing concerning the proposed property assessments for FY 1998-99 for Fort
Worth Public Improvement District No 1 on October 20, 1998, 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
$621,612 in the Special Assessment District Fund from available funds.
DISCUSSION
Oin September 15, 1998, the City Council adopted M&C G-12321, which directed that certain
improvements and/or services ("improvements") shall be provided in Fort Worth Public Improvement
District No 1 during the 1998-99 fiscal year It also adopted the proposed assessment roll and
provided notice of this benefit hearing
The improvements to be provided and the costs thereof are
Total Cost To Be Assessed
Maintenance and Landscaping Program $ 548,924 $329,608
Promotions Program 72,950 43,804
Marketing Program 67,500 40,530
SE:curity Program 23,165 13,910
Transportation and Parking Program 109,740 65,895
City Administration Fee 5,000 5,000
Management Program 207,945 122.865
TCJTAL $1,035,224 $621,612
The $413,612 difference between total costs and assessments includes $231,512 in direct payments
from the City, $75,100 in revenues from district activities, and $107,000 from other miscellaneous
revenue sources, including the use of district reserve funds, if necessary
City of Fort Worth, Texas
M'Ayor And Caunc~l CammunicAtian
DATE= REFERENCE NUMBER LOG NAME PAGE
10/20/98 BH-190 13PID1 2 of 2
SUBJECT BENEFIT HEARING AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1998-99
~_ FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND ADOPTION OF
RELATED APPROPRIATION ORDINANCE
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 the 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 and provisions of services in accordance with the PID1 management 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
CB k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GS87 488342 002100099000 $621,612.00 APR®~~~
Charles Boswell 8511 GS87 539120 002100099000 $621,612.00 CITY COUNCIL
Originating Department Head.
OCT ~~
Jim k:eyes 8517 (from)
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Additional Information Contact: ~~
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City Ss~eta~y o. the
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Linda Brown 6030 .
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