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August 14, 2020
Re: Notice of Public Hearings Regarding the Proposed Budget, Plan of Service, and Levy of Assessments on Property within Fort Worth Public Improvement District No. 11 (Stockyards) for Fiscal Year 2020-2021
Dear Property Owner/ Business Entity:
You may have recently received a letter from the City of Fort Worth Regarding the Proposed Budget, Plan of Service, and Levy of Assessments on Property within Fort Worth Public Improvement District No. 11 (Stockyards) for Fiscal Year 2020-2021.
Notice of this hearing and the benefit hearing on August 25th were published in the Fort Worth Star – Telegram and mailed to all owners of property liable for assessment on August 7, 2020. The notices set forth a proposed assessment rate of $.07 per each $100.00 of valuation. However, the City Council has discretion to amend the assessment rate after such notice pursuant to Chapter 372 of the Texas Local Government Code. City staff, in consultation with The Stockyards Preservation Foundation (PID management company), are now recommending that the assessment rate remain at $0.12 per each $100.00 of valuation. This will continue to be considered by the Fort Worth City Council on August 18, 2020.
I apologize for any confusion that this may have cause and sincerely thank you again for supporting the Stockyards PID.