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Home My WebLink AboutOrdinance 22402-09-2016 ORDINANCE NO. 22402-09-2016 AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN FUND IN THE AMOUNT OF $390,000.00 AND DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN FUND UNAUDITED, UNASSIGNED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF FUNDING THE FISCAL YEAR 2016-2017 ANNUAL OPERATING BUDGET; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2016-2017 in the Budget of the City Manager, there shall also be increased appropriations in Fort Worth Public Improvement District 6 — Park Glen Fund in the amount of$390,000.00, and decreasing the Fort Worth Public Improvement District 6 —Park Glen Fund unaudited, unassigned fund balance by the same amount, for the purpose of funding the Fiscal Year 2016-2017 annual operating budget. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2016, and ending September 30, 2017, and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: Maleshia FaiiArPissistant City Attorney Mary' J. ity#cretary ADOPTED AND EFFECTIVE: September 13, 2016 Ordinance No.22402-09-2016 Page 1 of 1 City of Fort Worth Five Year Service Plan Public Improvement District No.6-Park Glen FY16/17 FY17/18 FY18/19 FY19/20 FY20121 REVENUES PID Assessments $1,392,940 $1,392,940 $1,392,940 $1,392,940 $1,392,940 COFW Payment in lieu of Services 194,317 194,317 194,317 194,317 194,317 Budget Revenues $1,587,257 $1,587,257 $1,587,257 $1,587,257 $1,587,257 Use of Fund Balance 390,000 Total Revenues $1,977,257 $1,587,257 $1,587,257 $1,587,257 $1,587,257 EXPENSES Management Fee 125,924 130,881 136,036 141,398 146,974 Utilities 227,500 227,500 228,000 228,000 228,500 Landscape Maintenance 698,000 663,000 663,000 664,000 663,000 Common Area Maintenance 599,500 254,902 249,047 249,286 249,110 Holiday Decorations 21,600 21,600 21,600 25,000 25,000 Security Enhancements 140,000 145,000 145,000 145,000 145,000 Communications/Newsletters 6,000 6,000 6,200 6,200 6,300 Public Events 30,359 35,000 35,000 35,000 35,000 Capital Improvements 75,000 50,000 50,000 40,000 35,000 Insurance 23,415 23,415 23,415 23,415 23,415 Annual Review 2,100 2,100 2,100 2,100 2,100 City Administration Fee 27,859 27,859 27,859 27,859 27,859 Total Expenses $1,977,257 $1,587,257 $1,587,257 $1,587,257 $1,587,257 FORT WORTH. Park Glen Public Improvement District quMy.t. •Y �rM+• Mny!rr 2 is,�^N�w'%7:.�� ` 1 nsYjk>y^2� ' ° Z .�wk'v - elTT• I /P'.;','f�'M'�i�.� RJ � TI*f 6:. T.TTr• — CQ �`ir '+V.�• '� J 2 54 060" .a w T ';AtT ! " err `-'•t -, 0- .- PI4 n S 377 4� ". ref r.�`+r`�i�' -.r?�','`� ,`�+s.• � "t'r�, .uriar ' .ti+ `` "k �t WOOD . �.jL 1 MR* LEGEND IN PID 6 - PARK GLEN 0 0.225 0.45 0.9 Mips WESTERN CENTER� s , v ' + 'i '` �� rd D11:Au lust 19. 2014 ._. s COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL, ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENT AN ON-THE-GROUND SURVEY AND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. City of Fort worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/13/2016 - Ordinance No. 22400-09-2016, 22401-09-2016 & 22402-09-2016 DATE: Tuesday, September 13, 2016 REFERENCE NO.: BH-349 LOG NAME: 13PBD PID6FY17 SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 6, Park Glen PID, Approve Fiscal Year 2016-2017 Budget and Five-Year Service Plan in the Amount of$1,977,257.00, Approve Tax Year 2016 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2016 Tax Year, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 6 - Park Glen Fund in the Amount of$1,587,257.00, Adopt Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 6 - Park Glen Fund in the Amount of$390,000.00, and Reducing Unaudited, Unassigned Fund Balance by the Same Amount, and Authorize Execution of an Agreement with FirstService Residential Texas, Inc., in the Amount of$125,924.00 to Manage the District (COUNCIL DISTRICT 4) RECOMMENDATION: It is recommended that the City Council 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 6, Park Glen Public Improvement District for the 2016 tax year; 2. Approve the attached Fiscal Year 2016-2017 Budget and Five-Year Service Plan for the Park Glen Public Improvement District in the amount of$1,977,257.00; 3. Approve the Tax Year 2016 Assessment Roll for the Park Glen Public Improvement District; 4. Adopt the attached ordinance levying special assessments on the property located in the Park Glen Public Improvement District for the 2016 tax year; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 6 - Park Glen Fund in the amount of$1,587,257.00 from available funds; 6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 6 - Park Glen Fund in the amount of$390,000.00, and reducing the unaudited, unassigned fund balance by the same amount; and 7. Authorize the execution of an Agreement with FirstService Residential Texas, Inc., in the amount of $125,924.00 to provide management and improvement services for the Park Glen Public Improvement District during Fiscal Year 2016-2017. DISCUSSION: On September 29, 1998, the City Council adopted Resolution No. 2453 establishing Public Improvement Logname: 13PBD PID6FY17 Pagel of 3 District No. 6 (Park Glen PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2016-2017 Fiscal Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2016 tax year. Following the public hearing, it is recommended that the City Council approve the attached Budget and Five-Year Service Plan of the PID, approve the 2016 Tax Roll for the PID, adopt the attached ordinance levying the proposed assessments, and adopt the attached ordinances increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 6— Park Glen Fund. On August 30, 2016, (M&C PID6FY17 BENEFIT) the City Council conducted a public hearing to receive comments on the proposed 2016-2017 Fiscal Year Budget and Five-Year Service Plan for the PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Park Glen PID, in accordance with state law. The improvements and services to be provided in the PID during the 2016-2017 Fiscal Year and the costs thereof are as follows: Improvements j Total Budgeted Costs Management Fee $ 125,924.00 Utilities $ 227,500.00 Landscape Maintenance $ 698,000.00 Common Area Maintenance $ 599,500.00 Holiday Decorations $ 21,600.00 Security Enhancements $ 140,000.00 Communications/Newsletters $ 6,000.00 Public Events $ 30,359.00 Capital improvements $ 75,000.00 Insurance $ 23,415.00 Annual Review $ 2,100.00 City Administration Fee $ 27,859.00 Total Expenses F $ 1,977,257.00 The total budgeted costs of the improvements and services are in the amount of $1,977,257.00. Of this amount, $1,392,940.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.175 cents to each $100.00 of property value for residential property and $0.035 cents to each $100.00 of property value for commercial property. The remainder of the costs in the amount of $584,317.00 will be funded by other revenue sources including: an amount equal to $194,317.00 in direct payments from the City for Payment In-Lieu of Services and an amount equal to $390,000.00 from unaudited, unassigned fund balance. The Park Glen PID is located in COUNCIL DISTRICT 4. FISCAL INFORMATION I CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2016-2017 Budget by the City Council, funds will be available in the Fiscal Year 2017 operating budget, as appropriated, of the Fort Worth Public Improvement District 6 - Park Glen Fund. Logname: 13PBD PID6FY17 Page 2 of 3 TO Fun Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (8180) Originating Department Head: Lynda Johnson (6222) Additional Information Contact: David Reitz (7807) Logname: 13PBD PID6FY17 Page 3 of 3