M&C Review


COUNCIL ACTION:  Approved on 8/14/2018 

DATE: 8/14/2018 REFERENCE NO.: BH-377 LOG NAME: 13FMS PID11FY19 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. 11, Stockyards (COUNCIL DISTRICT 2)


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. 11, Stockyards, for Fiscal Year 2018-2019;

2.  Approve the filing of the proposed 2018 Assessment Roll for the Stockyards 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 Stockyards Public Improvement District's Fiscal Year 2018-2019 Budget, Five-Year Service Plan, and 2018 Assessment.

 
DISCUSSION:

On February 25, 2003, the Mayor and 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 include:        

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

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 $0.12 per each $100.00 of valuation.  The proposed 2018 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 August 21, 2018 Public Benefit Hearing.

The Stockyards PID is located in COUNCIL DISTRICT 2.

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
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

FROM
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

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

 
 
ATTACHMENTS
  PID-11_Stockyards_orthos.pdf
  Revised PID 11 Five Year Service PlanFY19_AE.pdf