|Official site of the City of Fort Worth, Texas|
|City Council Agenda|
|COUNCIL ACTION: Approved on 2/12/2019 - Resolution No. 5052-02-2019|
|DATE:||2/12/2019||REFERENCE NO.:||G-19488||LOG NAME:||13PID 20 EAST LANCASTER AVE EST|
Adopt Resolution Authorizing and Establishing Fort Worth Public Improvement District No. 20 (East Lancaster Avenue) (COUNCIL DISTRICTS 5 and 8)
It is recommended that the City Council:
1. Confirm its finding that the petition requesting establishment of Fort Worth Public Improvement District No. 20 (East Lancaster Avenue) meets the requirements necessary to designate the proposed area as a Public Improvement District pursuant to Chapter 372 of the Texas Local Government Code;
2. Adopt the attached Resolution: (i) making certain findings concerning the nature and advisability of special improvements and services to be provided for properties in the East Lancaster Avenue PID, the estimated costs of such improvements and services, the boundaries of the East Lancaster PID, the method of assessment, and the apportionment of costs between the East Lancaster Avenue PID and the City, as a whole; and (ii) authorizing and establishing the East Lancaster Avenue PID; and
3. Direct the City Secretary to publish notice of the establishment of the East Lancaster Avenue PID as required by Chapter 372 of the Texas Local Government Code.
On September 10, 2018, the City Council received a petition requesting establishment of Fort Worth Public Improvement District No. 20 (East Lancaster Avenue) (PID). The staff has reviewed the petition and finds that it contains sufficient signatures and meets other requirements of Chapter 372 of the Texas Local Government Code (Code) necessary for the City Council to create the PID. Specifically, the petition complies with Section 372.005 of the Code because it has been signed by record owners of taxable real property liable for assessment under the proposal who constitute: (a) 55.4% of the appraised value of taxable real property liable for assessment, as determined by the current roll of the Tarrant Appraisal District, and (b) 52% of the area of all taxable real property that is liable for assessment.
On January 15, 2019, the City Council adopted Resolution No. 5030-01-2019, accepting the filing of the Petition to establish the PID, setting a public hearing date for February 5, 2019, and authorizing the publication of notice for that hearing. On February 5, 2019, the City Council conducted a public hearing on the matters set forth below and found the Petition to be legally sufficient. Staff recommends that the City Council (i) confirm its findings that the Petition is legally sufficient and (ii) adopt the attached Resolution Authorizing and Establishing the PID (Resolution), making the findings set out below and in the Resolution:
Proposed Boundaries: The proposed PID comprises approximately 243 acres of land generally described as: All properties fronting onto East Lancaster Avenue starting from the east curb of Riverside Drive eastward to the western edge of Interstate Loop 820, including properties in and parallel to the addresses in the 1800 to 6000 blocks of East Lancaster Avenue. A more detailed map of the PID boundaries, along with a list of the properties in the PID, are contained in the attached Resolution.
Nature of the Improvements and/or Services: The general nature of the proposed improvements and/or services to be provided within the PID include the following:
The following programs may be initiated to ensure that the proposed improvements and/or services are implemented: (1) a program to enhance and promote public safety within the PID by providing private security services, installing security cameras, coordinating awareness campaigns, and initiating efforts to address public safety and enhance economic vitality; and (2) coordinated communication and cooperative programs to inform local business of current events and raise funds for certain projects.
Advisability of the Improvements and/or Services: It is advisable the City exercise the powers granted by the Code in connection with the establishment of the PID, including the undertaking of the improvements and/or services set forth above and in the Petition because they will promote the interests of the City by conferring special benefits on the property within the PID related to public safety, economic vitality, community engagement, and certain improvements related thereto, all of which are anticipated to contribute to, and create and maintain a sense of, individual and community pride within the PID.
Estimated Costs: A preliminary estimate of the cost of the proposed improvements and/or services to be provided in the PID for fiscal year 2019-2020 is $218,190.00. The final budget will be subject to a budget and service and assessment plan to be considered by City Council most likely in August or September of 2019. The estimated cost of the proposed Improvements and/or services to be provided in subsequent years will be subject to future annual budget and service and assessment plans adopted by the City Council in accordance with the Code. The actual cost of improvements and/or services will be determined in accordance with the approved budget and service plan to be adopted by the City Council and will be paid from PID assessments. The proposed five year service and assessment plan is attached.
Method of Assessment: The costs of the proposed improvements and/or services will be assessed against taxable real property in the PID on the basis of special benefits accruing to the property because of the improvements and/or services according to the value of such property, including the value of structures and other improvements, as determined by the Tarrant Appraisal District.
Apportionment of Costs: The City will not be obligated to provide any funds to finance the proposed improvements and/or services, other than from assessments levied on property in the PID. No City property will be assessed. All of the costs of the proposed PID will be paid by assessments of the property within the PID and from other sources of funds, if any, available to the PID.
Upon adoption of the Resolution, the PID will become effective on the date the City Council's authorization to establish the PID has been published in a newspaper of general circulation and will remain in effect through September 30, 2029 or until earlier dissolved.
NOTE: A public hearing will be held to consider the levy of assessments most likely in August or September of 2019.
The proposed PID will be located in Council Districts 5 & 8.
This M&C does not request approval of a contract with a business entity.
The Director of Finance certifies that approval of the above recommendations will have no material effect on City funds.
|Submitted for City Manager's Office by:||
|Originating Department Head:||
|Additional Information Contact:||
|Copy of 5 yr budget_revised.pdf|
|PID 20_20190107_CouncilDistricts (002).pdf|
|Resolution Establishing PID 20 (final).doc|