HomeMy WebLinkAboutOrdinance 12234ORDINANCE NO
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT FUND IN THE
AMOUNT OF $610,863 00 FOR THE PURPOSE OF PROVIDING FISCAL
YEAR 1995-96 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 1995/96 and in
the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Assessment Fund in the amount of $610,863.00 for the purpose of providing fiscal year 1995-96 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 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. 12074 and all other ordinances and appropriations
amending the samQ except in those instances where the provisions of this ordinance ane 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and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
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City Attorney
Date
®' ~ ,/ _ ~~
Adopted
Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
10/31 /95 BH-0150 13FWPID 1 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 1995-96
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 1995-96
on October 31, 1995, 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 5610,863 00 in the Special Assessments Fund from increased revenues
DISCUSSION
On October 17, 1995, the Council adopted M&C C-15088 which directed that certain
improvements and/or services (the "improvements") shall be provided in Fort Worth Public
Improvement District No 1 during the 1995-96 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 5475,569 00 5415,305 00
A Promotions Program 65,249 00 30;000 00
A Marketing Program 60,050 00 38,356 00
A Security Program 25,000 00 17,142 00
A Transportation and Parking Program 35,068 00 23,932 00
Cit .Administrative Fee 5,000 00 5,000 00
A"Manageme,nt Program 171,170.00 81,128.00
•~~ -~'~~ TOt`al w 5837,106 00 5610,863 00
The 5226,243` 00 difference between total costs and assessments includes 5163,143 00 in
direct payments from the City, 553,100 00 in revenues from district activities and 510,000 00
m,miscellaneous revenues
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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
10/31 /95 BH-0150 13FWPID 2 of 2
sUSJECT ADOPTION OF APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT
WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND LEVYING OF ASSESSMENTS
FOR FISCAL YEAR 1995-96
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
of the Special Assessment District Fund
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
(4) GS87 488342 002100096000 $610,863 00 gppROVED
Charles Boswell 8511 (4) GS87 539120 002100096000 $610,863 00
Originating Department Head: V.~ ~ 1 V~~I~I V' 1+
Jim Keyes 8517 (from) OCT ~~
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For Additional Information ~
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S~crAtnry of Uta
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Contact: y
City of Fort VOort~ Tenas
Nat O'Day 6669
Adnofed Ordinance No_