HomeMy WebLinkAboutOrdinance 13198Ordinance No.~/ ~ y g
AN ORDINANCE INCREASING THE ESTIMATED RECEIl'TS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE
AMOUNT OF $601,000 00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF
PROVIDING FISCAL YEAR 1997-98 FUNDING FOR IMPROVEMENT DISTRICT NO 1,
PROVIDING FOR A SEVERABILTTY CLAUSE, MAKING THIS ORDINANCE
CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES
IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE DATE.
BE TT 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 1997-98
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 $601,000 00 from available funds for the
purpose of providing fiscal year 1997-98 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 ~unsdiction, such decision, opinion or judgment shall m 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 12699 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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 m full force and effect and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorney
~oj~ 3(q ?
Date
Adopted
~/) -~ /-- C/ 7
Effective
City of Fort WortJ~ Texas
Mayor and Council Communication
10/21 /97
BH-0187
13PID1 I 1 of 2
SUSJFCT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 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 1
1 Hoid 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 $601,000 in the Special Assessment District Fund from available
funds
DISCUSSION
On September 23, 1997, the City Council adopted M&C G-12008 which directed that certain
improvements andlor services (the "improvements") shall be provided in Fort Worth Public
Improvement District No 1 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 5521,400 $347,450
A Promotions Program 70,450 46,950
A Marketing Program 60,000 40,000
A Security Program 20,665 13,800
A Transportation and Parking Program 40,525 27,000
City Administration Fee 5,000 5,000
A Management Program 183,$60 120,800
TOTAL 5901,900 5601,000
>~ Printed on Recyded Paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE
10/21 /97 REFERENCE NUMBER
~H-0187 LOG NAME
13PID1 PAGE
2 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND LEVYING OF ASSESSMENTS
FOR FISCAL YEAR 1997-98
The 5300,900 difference between total costs and assessments includes 5200,800 in direct
payments from the City, 570,100 in revenues from district activities and 530,000 from other
miscellaneous revenue sources, including the use of district reserve funds if necessary
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 02100098000 $601,000.00 ~ ~~4" 7~?S'
i
Charles Boswell 8511 (4)GS87 539120 002100098000 $601,000.00 ps
~ 1- ` ~P~~~y~` ~
Originating Department Head: ~
~~~i ~ ~~~~~~
E
Jim Keyes 8517 (from) oCT ~~ `~~
For Additional Information ~~l'
~
tJ ~~o~-~~"~
,
,
Contact: City ga~*ot~ary of ~~
of fort QVoatlt, y~cS3
t~:it
Linda Brown 6030 p
Printed on Recyded Paper Ac~Gp~Pd Gi 6~ii~di~C ~ CVO, 1J19 ~ ~~OpfP.d l)fdln~ nC~ Flo, ~°~~-.~