HomeMy WebLinkAboutOrdinance 12700Ordinance No.
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $635,500 00 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 1996-97 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 1996-97 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 $635,500 00 from available funds for the purpose of providing fiscal year 1996-97 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 judgement 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. 12629 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expressly repealed.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
Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER - LOG NAME PAGE
10/08/96 BH-0158 13FWPID 1 of 2
svBSECT ADOPTION OF APPROPR{ATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND LEVYING OF ASSESSMENTS
FOR FISCAL YEAR 1996-97
RECOMMENDATION
It is recommended that the City Council take the following action regarding Fort Worth Public
Improvement District No 1
1 Hold a benefit hearing regarding the proposed property assessments for fiscal year 1996-97
on October 8, 1996, and
2 Close the benefit hearing, and
3 Adopt the attached ordinance which levies the proposed assessments, and
4 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations by 5635,500 00 in the Special Assessments Fund from available funds
DISCUSSION
On September 24, 1996, the Council adopted M&C G-11615 which directed that certain
improvements and/or services (the "improvements") shall be provided in Fort Worth Public
Improvement District No 1 during the 1996-97 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 $501,399 00 5375,000 00
A Promotions Program 73,440 00 55,100 00
A Marketing Program 60,054 00 45,000 00
A Security Program 18,665 00 14,000 00
A Transportation and Parking Program 35,527 00 26,600 00
City Administrative Fee
A Management Program
TOTAL
5,000 00 5,000 00
173,850.00 1 14,800.00
5867,935 00 5635,500 00
The 5232,435 00 difference between total costs and assessments includes 5163,143 00 in
direct payments from the City, 557,600 00 in revenues from district activities and 51 1,692 00
in miscellaneous revenues
Printed on Recycled Paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME ~ PAGE
10/08/96 BH-0158 13FWPID 2 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEM-ENT DISTRICT NO 1 AND LEVYING OF ASSESSMENTS
FOR FISCAL YEAR 1996-97
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 appropriations
ordinance, funds required for this expenditure will be available in the current operating budget,
as appropriated, of the Special Assessment District Fund
CBf
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
(4) GS87 488342 002100097000 $635,500 0o gppR~~~
Charles Boswell 8511 (4) GS87 539120 002100097000 $635,500.00 CITY CQf ~ ~~
Originating Department Head:
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Jim Keyes 8517 (from)
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For Additional Information Citq.5~e„pa~x~.~, ~,p'
Contact:
Citq of Ft-it ~®Y1~1, °1i23eaMtt
Nat O'Day 6669 fo, ~~
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Printed on Recyded Paper
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