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HomeMy WebLinkAboutOrdinance 13202s ,~ Ordinance No ~ 3 v~ l~o~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $217,800 00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 1997-98 FUNDING FOR IMPROVEMENT DISTRICT NO 4, PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALIlVG 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 m addition to those amounts allocated to the various City departments for the Fiscal Year 1997-98 and m the Budget of the City Manager, there shall also be increased estimated receipts and appropriations m the Special Assessment District Fund in the amount of $217,800 00 from available funds for the purpose of providing fiscal year 1997-98 funding for Improvement District No 4 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. 12704 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in which instance said conflicting provisions of said prior ordinances and appropnahons are hereby expressly repealed.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 rt is so ordained. APPROVED AS TO F RM AND LEGALITY %~~~, Assistant City Attorney ~nlr~(~7 Date ~~-a~ -~ 7 Adopted ~ o- ~ J-~ 7 Effective City of Fort Worth, Texas Mayor and Council Communication 10/21 /97 BH 13PID4 I 1 of 2 SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 4 AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1997-98 RECOMMENDATION It is recommended that the City Council take the following actions regarding Fort Worth Public Improvement District No 4 1 Hold a benefit hearing concerning the proposed property assessments for FY 1997-98 on October 21, 1997, 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 5217,800 in the Special Assessment District Fund from available funds DISCUSSION On September 23, 1997, the City Council adopted M&C G-12010 which directed that certain improvements and/or services (the "improvements") shall be provided in Fort Worth Public Improvement District No 4 during the 1997-98 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 A Maintenance and Landscaping Program 5214,300 5144,300 Security Patrols 35,310 35,310 City Administration Fee 10,000 10,000 Operating Expenses 19,100 19,100 Contingency 6,190 6,190 Homeowners Assoc & Community Events 2,900 2,900 TOTAL 5287,800 5217,800 The 570,000 difference between total costs and assessments reflects a direct reimbursement from the City of Fort Worth for park maintenance Printed on Recyded Paper City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NI71dBER LOG NAME PAGE 10/21 /97 BH-0189 13PID4 2 of 2 st7sJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 4 AND LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1997-98 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 in accordance with the contract FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that upon adoption of the attached appropriation ordinance, funds required for this expenditure will be available in the current operating budget, as appropriated, of the Special Assessment District Fund CB f Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) (4)GS87 488342 002400098000 $217,800.00 p~~ Charles Boswell 8511 (4)GS87 539120 002400098000 $217,800.00 ~~~ Originating Department Head: ~ ~ Jim Keyes 8517 (from) ~~~ "~~ ~~~ For Additional Information Gity $~atary of the Contact: City of Font liVorth,'l°eL~ Linda Brown 6030 3a~- Printed on Recyded Paper t~il3;}l~q V((~IIEiJd.l~,~ I~iU„1 ~~ H~vp~etl ~}; C~fY13fiC~ P;O.