HomeMy WebLinkAboutOrdinance 11240~~, -
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ORDINANCE NO
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENTS FUND IN THE
AMOUNT OF $140 44 FOR THE PURPOSE OF LEVYING
ASSESSMENTS FOR FORT WORTH IMPROVEMENT DISTRICT NO 1
FOR FY 92-93, 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 1992-93
and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations
in the Special Assessments Fund in the amount of $140 44 for the purpose of levying assessments for
Fort Worth Improvement District No. 1 for FY 92-93.
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 shalt 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 shalt be cumulative of Ordinance No 11151 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of said prior ordinances and appropriations are hereby expressly repealed.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 LEGALITY
Attorney
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Date ~ /~~
A pied /~
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Effect ve
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City of Fort Worth, Texas
Mayor and Council Communication
I uAit 01/19/93 I KCrCKCIrLC NUI9DCR G-10009 ~ "'° ""'~" 12FWIDPS ~ ~ 1 of 2 I
I SUBJECT I SECOND BENEFIT HEARING AND LEVYING A SUPPLEMENTAL ASSESSMENT ON OMITTED I
I PROPERTY IN FORT WORTH IMPROVEMENT DISTRICT NO 1 FOR FISCAL YEAR 1992-1993
RECOMMENDATIONS:
It is recommended that the City Council take the following actions concerning Fort
Worth Improvement District No. 1:
1. hold a public hearing regarding a proposed supplemental assessment against
a parcel of property previously omitted from the assessments for fiscal year
1992-1993; and
2. close the public hearing; and
3. adopt the attached ordinance which levies the proposed assessment; and
~I~4. adopt the attached ~~pro ~c~.ati~ns ordinance increasing estimated receipts
~` and appropriations by`$1~ .44 in the Special Assessments Fund.
DISCUSSION:
The improvements to be provided in Fort Worth Improvement District No. 1 during the
1992-1993 fiscal year, and the costs thereof, are fully described in a service,
improvement and assessment plan which was adopted by the City Council on October 13,
1992, and is on file in the office of the City Secretary. The improvements will be
provided by Downtown Fort Worth, Inc., under a contract dated as of October 1, 1992.
On November 5, 1992, the City Council held a special benefit hearing and adopted
Ordinance No. 11199. This ordinance levied assessments in the amount of $562,919.00
against 354 parcels of private property and all city-owned property within the
District.
One additional parcel was omitted and was not assessed on November 5, 1992, because the
value of the parcel had not yet been established. The value was subsequently
established, and the City Manager has filed with the City Secretary a supplemental
assessment roll and an estimate of the amount to be assessed against this parcel.
January 19, 1993, has been set as the date for a special benefit hearing.
It is proposed that a total of $140.44 be assessed against this parcel. The assessment
is based on the value of the parcel on January 1, 1992, including the value of
structures or other improvements, with an assessment rate of 8.5 cents for each $100
of property value.
Based on the appraised value of the property, considering the benefits to be received
from the proposed improvements, it is the opinion of the City staff that the parcel of
property will be enhanced in value by an amount equal to or more than the proposed
assessment upon completion of the improvements in accordance with the contract.
-~~ Printetl on recycled paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER G-10009 LO NAME PA E
f 2
2
01/19/93 12FWIDPS o
SUBJECT SECOND BENEFIT HEARING AND LEVYING A SUPPLEMENTAL ASSESSMENT ON OMITTED
PROPERTY IN FORT WORTH IMPROVEMENT DISTRICT N0. 1 FOR FISCAL YEAR 1992-1993
The purpose of the hearing is to permit the property owners to be fully heard
concerning the proposed improvements, the cost thereof, the amount. to be assessed, the
value of the property, the benefits to the property because of the improvements, the
validity and adequacy of the contract, and any matter to which they are entitled to
hearing under law.
When collected, it is proposed that the $140.44 in revenue be deposited in a
contingency account in the Special Assess ment Fund to be applied to the cost of
providing the improvements in the District. With the addition of this amount, total
assessments in the District for the 1992-1993 fiscal year will be $563,059.00.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that, upon adoption of the attached
supplemental appropriations ordinance, funds will be available in the current operating
budget of the Special Assessments Fund for the current fiscal year's expenditures for
Improvement District No. 1.
WA:b
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by to
GS87 539120 00210009300 140 4 APPROVED
Charles Boswell 8500
Originating Department Head Cl~Y C~UNGih
~
adopted Ordinance NQ
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~
Wade Adkins 7623 from JAN ~.9 1~~3
-dopted Ordnance No.
For A ditional Information ~ 0~'e~
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Contact .~cratnry of the
City :
City ofFoxtW~x41~,'~exa>7
Wade Adkins 7623
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-~i Printed on recycled paper