HomeMy WebLinkAboutOrdinance 11700ORDINANCE NO ~ ~ U V
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT FUND IN THE
AMOUNT OF $153,143 00 FOR THE PURPOSE OF PROVIDING
FISCAL YEAR 1994-95 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
1994-95 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 $153,143 00 for the purpose of
providing fiscal year 1994-95 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 an.y 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. 11645 and all other ordinances and
appropriatiions 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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 AND LEGALITY
City Attorney
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FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.1
~Y OF THE UPDATID FIVE-YEAR PLAN OF SERVICES
The State legislation enabling Special Improvement Districts in the State of Texas
requires that the Five-Year Plan of Services be developed and updated annually
This is a summary of the required Five-Year Plan Budget Since the Five-Year Plan is
updated annually, it should be seen only as a guide and, even in its final form, subject to
change on an annual basis
This Summary Five-Year Plan assumes the continuation of all services proposed in the
1994-95 Budget and Plan of Services This Surmiary is based on a relatively flat revenue
stream for the five-year life of the District It assumes a 2 5~ increase annually in private
property revenues based on a constant assessment rate of 11 5 cents per 5100 valuation over
the life of the District This small revenue increase was added to the Maintena*~ce and
Landscaping program to cover any cost of living adjustments for the subcontractors
Therefore, this Budget and Five-Year Plan of Services will only initiate new programs that
have their own revenue generators.
The Five-Year Plan would be altered greatly if the size of the District were greatly
increased during this five-year period It was assumed that the size of the District would
not significantly increase over the next five years •=r
Following is a summary of projected expenditures and .revenues for the Updated Five-Year
Plan
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FORT WORTH IMPROVE{~ENT DISTRICT #1
FIVE-YEAR PLAN OF SERVICES
REITF3VUE AND EXPENSE SUMMARY
1994-95 1995-96 1996-97 1997-98 1998-99
PROGRAM AREA ITEM YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
P;EUFIVlJES
Private Property Assessments 648,290 664,497 681,110 698,137 715,590
City Property Assessments 60,264 60,264 60,264 60,264 60,264
City Pay for H/T Serv 29,879 29,879 29,879 29,879 29,879
City Pay for City Serv 23,100 23,100 23,100 23,100 23,100
City Pay for P & R Serv 39,900 39,900 39,900 39,900 39,900
Sid-Generated Revenue 57,500 58,500 59,500 60,500 61,500
Interest 10,000 10,000 10,500 10,500 11,000
Other 10,000 10,000 10,000 10,000 10,000
SUBTOTALS 878,933 896,140 914,253 932,280 951,233
EXPENSES
Maintenance & Landscaping 475,753 491,960 509,073 526,100 544,053
` Promotions 86,426 86,426 86,426 86,426 86,426
r.r
J i~ Marketing 63,050 63,050 63,050 63,050 63,050
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Security Enhancement
39,290
39,290
39,290
39,290
39,290
Transportation ~ Parking 41,244 41,244 41,244 41,244 41,244
Ac3rninistratio 173,170 174,170 175,170 176,170 177,170
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878,933
896,140
914,253
932,280
951,233
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City of Fort Worth, Texas
Mayor and Council Communicatioyi
1 Ol04/94
14509
13PHEAR I 1 of 3
sIISr~cT PUBLIC HEARING REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO. 1, SERVICE PLAN AND NEGOTIATION OF CONTRACT WITH
DOWNTOWN FORT WORTH, INC
RECOMMENDATION.
It is recommended that the City Council take the following actions regarding the reestablishment
of Fort Worth Public Improvement District No 1
1 Hold a public hearing concerning the following matters
a the advisability of reestablishing the proposed district,
b the general nature of the proposed improvements and/or services,
c the estimated costs thereof,
d the boundaries of the proposed district,
e. the proposed. method of assessment; and
f the proposed apportionment of costs between the improvement district and the
City as a whole, and
2 Adjourn the public hearing, and
3 Adopt the attached resolution which
a reestablishes a public improvement
Government Code (the "Act"), to be
Improvement District No 1,
district under Chapter 372, Local
known as the Fort Worth Public
b. authorizes the City to exercise the powers granted by the "Act" in connection
with the reestablishment of the public improvement district,
c makes findings concerning the nature and advisability of the improvements
and/or services to be provided by the district, the estimated costs, the
boundaries of the district, the method of assessment, ad the apportionment of
costs between the district and the City as a whole, and
d directs the City Secretary to publish notice of the reestablishment of the district
as required by the act, and
~~ Printed on recycled paper
City of Fort worth, Texas
Mayor and' Counncir C;cnnmunication
DATE REFERENCE NUMBER LO(i NAME PAGE
10/04/94 C-14509 13PHEAR 2 of 3
susJECT PUBLIC HEARING REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO 1, SERVICE PLAN AND NEGOTIATION OF CONTRACT WITH
DOWNTOWN FORT WORTH, INC
4 Approve the service plan and budget for FY 1994-95 as recommended by the
Advisory Board of Fort Worth Public Improvement -District No 1, and
5 Authorize the transfer of 5153,143 00 from the General Fund to the Special
Assessment Fund, PID # 1, FY 1994-95 project account, and
6 Adopt the attached appropriation ordinance increasing estimated receipts and
appropriations by 5153,143 00 in the Special Assessment District Fund from
increased revenues, and
7 Authorize the City Manager to contract with Downtown Fort Worth Incorporated to
provide improvements and services in the district during FY 1994-95 for the sum of
$796,433 00, and
8 Adopt the proposed 1994 assessment roll which is on file with the City Secretary and
set Tuesday, October 18, 1994, at 10 00 a m in the City Council Chambers as the
time and place for the benefit hearing, and
9 Direct the City Secretary to give notice of the October 18, 1994, hearing in
accordance with state law, and
10 Approve adding to the 1994-95 budget, as contingency, any unencumbered revenues
from the district's assessments from prior years
DISCUSSION
On September 13, 1994, the City Council received a petition for reestablishment of Fort Worth
Public Improvement District No 1 The Council approved M&C G-10811 and adopted a
Resolution which found that the petition was sufficient, met the requirements of Chapter 372
of the Act, and authorized the Council to institute proceedings to reestablish the district The
Resolution also established an advisory body to develop and recommend to Council a service,
improvement and assessment plan, and directed the City Manager to prepare various documents
and file the same with the City Secretary
The Resolution further set a public hearing on October 4, 1994, at 7 00 p m concerning various
matters regarding the district Notice of the hearing was given by the City Secretary as provided
in Chapter 372
The act provides that after the public hearing is held, the City Council may adjourn the hearing
and within six months after such adjournment, may make findings by resolution as to whether
~ ~~ Printed on recycled paper
City of Fort Worth, Texas
Mayor and' Councill Communication
DATE REFERENCE NUMBER LOG NAME PAGE
10/04/94 C-14509 13PHEAR 3 of 3
SUBJECT PUBLIC HEARING REESTABLISHMENT OF FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO 1, SERVICE PLAN AND NEGOTIATION OF CONTRACT WITH
DOWNTOWN FORT WORTH, INC
the improvement district should be reestablished, the nature, cost and advisability of the
proposed improvements and/or services, the boundaries of the proposed district, the method of
assessment and the apportionment of costs between the district and the city as a whole If the
Council decides to authorize reestablishment of the district, such authorization would take effect
when a resolution is adopted authorizing the district and a notice is published once in a
newspaper of general circulation
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon approval and completion of recommendation 5
and adoption of the attached appropriation ordinance, the funds required for this expenditure are
available in the current operating budget, as appropriated, of the Special Assessment District
.Fund
CB b
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office bY: (to)
GS87 411052 00210095000 $153,143.00 APPROVE
Charles Boswell 8500 (~ T
V'TY VO~~
Originating Department Head:
0 CT 4 1994
Charles Boswell 8500 {from)
GGO1 538070 0905800 $153,143.00 ~ ~~
For Additional Information Gh ~~~' ~ tllf
with of Ftnt VG'ar~t, Tema.
Contact:
Charles Boswell 8500
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