M&C Review


COUNCIL ACTION:  Approved on 8/14/2018 

DATE: 8/14/2018 REFERENCE NO.: BH-382 LOG NAME: 13FMS PID1FY19 BENEFIT
CODE: BH TYPE: NON-CONSENT PUBLIC HEARING: YES
SUBJECT:  

Conduct Public Benefit Hearing Regarding the Proposed Fiscal Year 2018-2019 Budget, Five-Year Service Plan, and 2018 Assessment for Public Improvement District No. 1, Downtown (COUNCIL DISTRICT 9)


RECOMMENDATION:

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 assessment for Fort Worth Public Improvement District No. 1, Downtown, for Fiscal Year 2018-2019, which has been prepared and recommended by the Downtown Public Improvement District Advisory Board;

2.  Approve the filing of the proposed 2018 Assessment Roll for the Downtown Public Improvement District with the City Secretary for public inspection; and

3.  Set a public benefit hearing for August 21, 2018 at 7:00 p.m., for final approval of the Downtown Public Improvement District's Fiscal Year 2018-2019 Budget, Five-Year Service Plan, and 2018 Assessment.

 
DISCUSSION:

On June 23, 2009, the Mayor and City Council adopted Resolution No. 3756-06-2009 re-establishing the Downtown 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 proposed improvements and/or services to be provided in the PID include:

A Maintenance Program consisting of landscaping, street sweeping, sidewalk sweeping, sidewalk cleaning, and supplemental trash receptacle pickup;  A Promotions Program consisting of recreational and cultural activities; and the staging or monitoring of special recreational and cultural events;  A Marketing, Communications, and Advertising Program consisting of marketing events, promotional materials, and cooperative merchandizing with other Fort Worth organizations and non-profits;  A Security Program consisting of funding for tack, vet supplies, and feed for the mounted patrol, monitoring crime activity to ensure adequate coverage by the bicycle, cruiser, and mounted police officers; a public relations crime prevention campaign, when necessary; a public/private security force coordination program; and other security related projects on an as needed basis, when funds are available;  A Downtown Ambassadors Program;  A Transportation and Parking Planning Program consisting of a transportation management program; parking coordination and management whereever feasible; way-finding planning and projects; interface planning between various transportation modes and land uses; and the use of grant-matching to develop and implement transportation and parking related programs that solve identified problems in the PID; and a circulator system between major developments in the west area of Downtown and the core retail area; and  A Management Program to provide for the administration, management, and operation of the PID.  

Two line items listed on the Five-Year Service Plan require a transfer of City funds:  (1) the City Payment In-Lieu of Services and (2) the City of Fort Worth Assessment.  The City's Payment In-Lieu of Services is a supplement to the PID budget and intended to provide for the standard level of improvements and services as comparable to what would be provided by the City for the taxpayers generally.  The City of Fort Worth Assessment is an allocation to the PID budget for assessments the City would pay on City-owned properties in the PID, if the City was not a tax-exempt entity.

On February 13, 2018, the City Council adopted a Revised Policy for Operating Public Improvement Districts (Resolution 4905-02-2018), which sets forth the City's administrative fee structure for all PIDs.  The City's administrative fee is set at the greater of: (1) two percent (2%) of the projected externally generated revenue for that year, to include special assessments and any City contributions; or (2) $2,000.00.

The proposed 2018 Assessment Rate on property subject to assessment in the PID is $0.115 per each $100.00 of valuation.  The proposed 2018 Assessment Roll for the PID will be filed with the City Secretary and available for public inspection during normal business hours at any time prior to the August 21, 2018 Public Benefit Hearing.

For fiscal year 2018 (tax year 2017) PID 1 levied an assessment rate of $0.125 per $100.00 of property value. The PID experienced growth in net taxable value equal to 12.2%, or $238,807,917.00 allowing for the assessment rate to be reduced by $0.01. Thus, the recommended fiscal year 2019 (tax year 2018) assessment rate is $0.115 per $100.00 of taxable property value. Even with the lower assessment rate, revenue growth year over year is $89,237.00 or 3.6%.

The Downtown PID is located in COUNCIL DISTRICT 9.

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

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that this action will have no material effect on City funds.  Subsequent actions will formally establish the assessment rate and the corresponding budget for Fiscal Year 2019.

TO
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Program Activity Budget
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FROM
    Fund Department
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Program Activity Budget
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Submitted for City Manager's Office by:
Susan Alanis (8180)
Originating Department Head:
Aaron Bovos (8517)
Additional Information Contact:
Angela Estrada (8511)

 
 
ATTACHMENTS
  PID 1_5 Yr Final Service Plan FY19 UPDATED.pdf
  PID-1_Downtown_orthos.pdf