HomeMy WebLinkAboutOrdinance 12192ORDINANCE NO ~~<~-~oC
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN
THE AMOUNT OF $85,474 FOR THE PURPOSE OF PROVIDING FISCAL
YEAR 1995-96 FUNDING FOR IMPROVEMENT DISTRICT NO 4,
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 District Fund in t11e amount of $85,474 for the purpose of providing fiscal year 1995-96
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. 12074 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and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM ND LEGALITY
City Attorney
~~' ~ ~
Da et
~~ ' ~ - ~~
Adopted
Effective
City of Fort Worth, Texas
Mayor and Council Communication
10/03/95
BH-0148
13PID4 ~ 1 of 2
$~~~ APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC
IMPROVEMENT DISTRICT NO. 4 AND LEVYING OF ASSESSMENTS FOR FISCAL
YEAR 1995-96
RECOMMENDATION:
It is recommended that the City Council take the following action regarding Fort Worth
Improvement District No. 4:
1 Hold a benefit hearing regarding the proposed property assessments for fiscal year 1995-96
on October 3, 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 585,474 in the Special Assessment District Fund from increased
revenues.
DISCUSSION:
On September 19, 1995, the Council adopted M&C G-11229 which directed that certain
improvements and/or services (the "improvements") shall be provided in Fort Worth Improvement
District No 4 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
Maintenance and Landscaping 5211,083 00 575,474.00
Security Patrols 19,000 00 0 00
City Administrative Fee 10,000 00 10,000 00
Replacement Reserve 1,000 00 0 00
Operating Expenses 5,000.00 0 00
Contingency 1,000 00 0 00
Homeowners Association 100.00 0.00
Total 5247,183 00 585,474 00
The 5161,709 difference between total cost and assessments reflects a subsidy of 5121,088
by the contractor, Hillwood Property Company , and a direct reimbursement of 540,621 from the
City of Fort Worth for park maintenance.
City of Fort Worth, Texas
Mayor and Council- Communication-
DATB
10/03/95 RBFBRSNCB NII>fIBBR
BH-0148 LOO NAB
13PID4 PAt38
2 of 2
sosJSCT APPROPRIATION ORDINANCE AND BENEFIT HEARING FOR FORT WORTH PUBLIC
IMPROVEMENT DISTRICT NO. 4 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 action will be available in the current operating budget of the
Special Assessment District Fund
CB a
Stibmitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Ofilce by: (to)
GS87 339120 002400093000 $83,a7a.oo APPROVED
Charles Boswell 8311 GS87 488342 002400095000 $85,474.00 CITY COUNCIL
Originating Department Hesd:
OCT ~ 19~
Jim Keyes 8317 (from)
For Addittoml Information City gecrotary of tM
of Fort Woztb. Team
Cit
Contact: y
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Nat O'Day 6669
Adopted Ordinance No. _ A~lnnteri flrrlinanro tUn -__