It is recommended that the City Council:

1.  Conduct a public benefit hearing to receive comments on the proposed budget, Five-Year Service Plan and method of assessment for Fort Worth Public Improvement District No. 11, Stockyards, for Fiscal Year 2016-2017;

2.  Approve the filing of the proposed 2016 Assessment Roll for the Stockyards Public Improvement District with the City Secretary for public inspection; and

3.  Set a public benefit hearing for September 13, 2016 at 7:00 p.m., for final approval of the Stockyards Public Improvement District's Fiscal Year 2016-2017 Budget and Five-Year Service Plan and 2016 Assessment Roll.

On February 25, 2003, (M&C G-13894) the City Council adopted Resolution No. 2925 establishing the Stockyards Public Improvement District (PID).

State law requires an annual report on the proposed budget and Five-Year Service Plan for the PID, which is attached.  The general nature of the improvements and/or services to be provided in the Stockyards PID shall include:        

• A Maintenance Program consisting of supplemental street sweeping, sidewalk sweeping, sidewalk cleaning and supplemental trash receptacle pick up;
  
  
• A Marketing Program consisting of an advertising, web page development, marketing events and management of a signage program;
  
  
• A Public Events Program; and
  
  
• A Management Program to provide for the administration, operation and management of the PID.

On February 3, 2009, (M&C G-16451) the City Council adopted guidelines for setting an administration fee structure for all PIDs.  The City assesses an annual administration fee equal to two percent of a district's annual assessments or in the amount of $2,000.00, whichever is greater.

The proposed 2016 assessment rate on property subject to assessment in the Stockyards PID is $0.12 per $100.00 of valuation.  The proposed 2015 Assessment Roll for the Stockyards PID will be filed with the City Secretary and available for public inspection during normal business hours at any time prior to the September 13, 2016 Public Benefit Hearing.

This M&C does not request approval of a contract with a business entity.

The Stockyards PID is located in COUNCIL DISTRICT 2.