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. 19, Historic Camp Bowie, for Fiscal Year 2019;
2. Approve the filing of the proposed 2018 Assessment Roll for the Historic Camp Bowie 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 Historic Camp Bowie Public Improvement District's Fiscal Year 2019 Budget, Five-Year Service Plan, and 2018 Assessment.
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2018-2019 Budget and Five-Year Service Plan for Public Improvement District No. 19 - Historic Camp Bowie (PID) and the proposed assessments to be levied on each property in the PID for the 2018 Tax Year.
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 PID include:
- Landscaping, promotional sign and banner programs, lighting, and various other streetscape and capital improvements, including streets, sidewalk, roadways, and rights-of-way.
- A comprehensive liter abatement program.
- A coordinated Marketing and Promotion to increase customer traffic to the PID, which involves advertising, special events, promotions, seasonal programs, and other coordinated efforts.
- A coordinated communication program to assure that businesses located within the PID benefit from shared information about security, infrastructure improvements, transportation improvements, capital improvement programs, opportunities to coordinate marketing and promotions, and other opportunities where business awareness and information can help business.
- A cooperative program with local governments, neighborhood groups, foundations, universities, and others to assist with obtaining grants or other special funding to undertake studies, landscape improvements, street improvements, signs and banner programs, and other streetscape amenities in the PID.
- Special cooperative programs with area neighborhoods, schools, museums, and other institutions to assure that the business, residential and civic organizations all work together to identify programs that enhance the economic vitality and livability of the Camp Bowie Boulevard corridor within the PID.
- Management program to provide for the administration, management, and operation of the PID.
As a supplement to the proposed budget, the City will be providing a payment-in-lieu of services, which is included as a line-item in the 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 proposed budget also includes a fund balance transfer from PID 8 - Camp Bowie. PID 8, which will dissolve on or about January 7, 2019, has a fund balance of approximately $197,800.00. PID 8 shares a common boundary with PID 19 that encompasses all properties east of Irene Street. The full fund balance is attributable to prior assessments from property that is within this shared boundary. To ensure that the prior assessments continue to confer a special benefit on those properties that were subject to the same, staff is recommending that the full remaining fund balance be transferred to PID 19 to be expended on the above-stated improvements and/or services.
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 $0.10 per each $100.00 of valuation on commercial property. 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.
The Historic Camp Bowie PID is located in COUNCIL DISTRICTS 3 & 7 .
This M&C does not request approval of a contract with a business entity.