HomeMy WebLinkAboutOrdinance 22405-09-2016 ORDINANCE NO.22405-09-2016
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 7 — HERITAGE FUND IN THE AMOUNT OF $100,000.00 AND
DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 7 — HERITAGE
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 7 —Heritage Fund in
the amount of $100,000.00, and decreasing the Fort Worth Public Improvement District 7 — Heritage 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appropriations are hereby expressly repealed.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 Farmer,Assistant City Attorney ary J. KW,r, rkVetary
ADOPTED AND EFFECTIVE: September 13,2016
Ordinance No.22405-09-2016
Page I of 1
City of Fort Worth
Five Year Service Plan
Public Improvement District No.7-Heritage
FY16 117 FY17118 FY18/19 FY19 120 FY20/2 i
REVENUES
PID Assessments $1,792,640 $1,792,640 $1,792,640 $1,792,640 $1,792,640
COFW Payment in lieu of Services 189,726 189,726 189,726 189,726 189,726
Budget Revenues $1,982,366 $1,982,366 $1,982,366 $1,982,366 $1,982,366
Use of Fund Balance 100,000
Total Revenues $2,082,366 $1,982,366 $1,982,366 $1,982,366 $1,982,366
EXPENSES
Management Fee 100,872 104,847 108,981 113,280 117,751
Utilities 245,000 245,000 245,000 245,000 245,000
Landscape/Tree Maintenance 963,000 963,000 963,000 963,000 963,000
Common Area Maintenance 240,000 240,000 240,000 240,000 240,000
Holiday Lighting 30,000 30,000 30,000 30,000 30,000
Security Enhancements 125,000 125,000 125,000 125,000 125,000
Public Events 80,000 90,000 90,000 90,000 90,000
Capital Improvements 246,781 132,252 127,541 122,643 117,548
Insurance 13,860 14,414 14,991 15,591 16,214
Annual Review 2,000 2,000 2,000 2,000 2,000
City Administration Fee 35,853 35,853 35,853 35,853 35,853
Total Expenses $2,082,366 $1,982,366 $1,982,366 $1,982,366 $1,982,366
FORT WORTH
Heritage Public Improvement District
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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 SURVEYAND 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. 22403-09-2016, 22404-09-2016
& 22405-09-2016
DATE: Tuesday, September 13, 2016 REFERENCE NO.: BH-350
LOG NAME: 13PBD PID7FY17
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage PID, Approve Fiscal Year
2016-2017 Budget and Five-Year Service Plan in the Amount of$2,082,366.00, 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 7 -
Heritage Fund in the Amount of$1,982,366.00, Adopt Ordinance Increasing Appropriations in the Fort
Worth Public Improvement District 7 - Heritage Fund in the Amount of$100,000.00, 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$100,872.00 to Manage the District (COUNCIL
DISTRICTS 4 and 7)
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 7, Heritage Public Improvement District for the 2016 tax year;
2. Approve the attached Fiscal Year 2016-2017 Budget and Five-Year Service Plan for the Heritage
Public Improvement District in the amount of$2,082,366.00;
3. Approve the Tax Year 2016 Assessment Roll for the Heritage Public Improvement District;
4. Adopt the attached ordinance levying special assessments on the property located in the Heritage
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 7 - Heritage Fund in the amount of$1,9821,366.00 from available funds;
6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 7
- Heritage Fund in the amount of $100,000.00, 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
$100,872.00 to provide management and improvement services for the Heritage Public Improvement
District during Fiscal Year 2016-2017.
DISCUSSION:
On September 26, 2000, (M&C G-13021) the City Council adopted Resolution No. 2675 establishing Fort
Logname: 13PBD PID7FY17 Pagel of 3
Worth Public Improvement District No. 7 (Heritage 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 Tax Year 2016 Assessment Roll for the PID, approve the attached Budget and Five-
Year Service Plan of 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 7 — Heritage Fund.
On August 30, 2016, (M&C 13PBO PID7FY17 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 Heritage 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 Total Budgeted Costs
Management Fee $ 100,872.00
Utilities is 245,000.00
Landscape/Tree i
Maintenance $ 963,000.00
lCommon Area Maintenance 240,000.00
;Holiday Lighting 1$ 30,000.00
Security Enhancement �$ 125,000.00
(Public Events �_$ 80,000.00
Capital Improvements E$ 246,781.00
Insurance 13,860.00
Annual Review
$ - 2,000.00
(City Administration Fee 3$ 35,853.00
Total Expenses ;$ 2,082,366.00
The total budgeted costs of the improvements are in the amount of $2,082,366.00. Of this amount,
$1,792,640.00 will be funded by assessments collected on privately owned parcels located in the district
by applying a rate of $0.21 cents per each $100.00 of property value for residential property and $0.11
cents per each $100.00 of property value for commercial property.
The remainder of the costs in the amount of $189,726.00 will be funded by other revenue sources: an
amount equal to $189,726.00 in direct payments from the City for Payment In-Lieu of Services and an
amount equal to $100,000.00 from unaudited, unassigned fund balance.
The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.
FISCAL INFORMATION /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 7 - Heritage Fund.
Logname: 13PBD PID7FYI7 Page 2 of 3
FUND IDENTIFIERS (FIDS):
TO
Fund Department ccountl Project Program ctiviity Budget Reference # moun
I ID ID Year (Chartfield 2)
FROM
Fund Department Program tiviti I Reference # �moul
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 PID7FY17 Page 3 of 3