HomeMy WebLinkAboutOrdinance 117097 !.
ORDINANCE NO ~~~ ~ c ~ 1
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT FUND IN THE
AMOUNT OF $648,290.00 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 $648,290.00 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 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 11645 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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. AND EGALITY
City Attorney
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Date
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Adopted
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Effective
City of Fort Worth, Texas
Mayor and Council Communication
10/18/94
BH-0133
13BHID I 1 of 2
SUBJECT QENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND
LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1994-95
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 1994-95
on October 18, 1994, 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 5648,290 00 in the special assessments fund
DISCUSSION
On October 4, 1994, the Council adopted M&C C-14509 which directed that certain
improvements and or services (the "improvements") shall be provided in Fort Worth Public
Improvement District No 1 during the 1994-95 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 5475,753 00 5415,489 00
A promotions program 86,426 00 50,000 00
A marketing program 63,050 00 53,050 00
A security program 39,290 00 39,290 00
A transportation and parking program 41,244 00 41,244 00
City Administrative fee 5,000 00 5,000 00
A management program 168,170.00 5 44,217.00
Total 5878,933 00 5648,290 00
The 5230,643 00 difference between total costs and assessments includes 5153,143 00 in
direct payments from the City, 557,500 00 in revenues from district activities and 520,000 00
in miscellaneous revenues including reserves
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City of Fort Worth, Texas
Mayor and Council Ca-mmunication
DATE REFERENCE NUMBER LOG NAME PAGE
10/18/94 B~-0133 13BHID 2 of 2
SUBJECT BENEFIT HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 1 AND
LEVYING OF ASSESSMENTS FOR FISCAL YEAR 1994-95
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
CBI
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GS87 539120 002100095000 $648,290 00
Charles Boswell 8500 GS87 488342 002100095000 $648,290 on APPROVED
Originating Department Head: CITY COU1fVC~
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Charles Boswell 8500 (from) OCT 18 1994
For Additional Information ,~d~.s/ ~~,~,~~
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