HomeMy WebLinkAboutOrdinance 22418-09-2016 ORDINANCE NO.22418-09-2016
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 15 — SUN VALLEY FUND IN THE AMOUNT OF $8,785.00 AND
DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 15 — SUN VALLEY
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 15—Sun Valley Fund
in the amount of$8,785.00, and decreasing the Fort Worth Public Improvement District 15 — Sun Valley 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appropriations are hereby expressly repealed.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 Mary J. s r,lik Secretary
ADOPTED AND EFFECTIVE: September 13.2016
Ordinance No.22418-09-2016
Page 1 of 1
City of Fort Worth
Five Year Service Plan
Public improvement District No.15-Sun Valley
FY16/17 FY17/18 FY18/19 FY19/20 FY20/21
REVENUES
PID Assessments $77,515 $79,840 $82,236 $85,525 $88,946
Budget Revenues $77,515 $79,840 $82,236 $85,525 $88,946
Use of Fund Balance 8,785 6,460 4,064 775 -
Total Revenues $86,300 $86,300 $86,300 $86,300 $88,946
EXPENSES
Management Fee 6,600 6,600 6,600 6,600 6,600
Security Enhancements 69,000 69,000 69,000 69,000 69,000
Equipment Rental 5,600 5,600 5,600 5,600 5,600
Insurance 500 500 500 500 500
Professional Services 2,400 2,400 2,400 2,400 2,400
Website 200 200 200 200 200
City Administration Fee 2,000 2,000 2,000 2,000 2,000
Budget Expenses 86,300 86,300 86,300 86,300 86,300
Contribution to Fund Balance - - - - 2,646
Total Expenses $86,300 $86,300 $86,3300 $86,300 $88,946
FORT WORTH.
Sun Valley 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 REPRESENTAN 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. 22416-09-2016, 22417-09-2016
& 22418-09-2016
DATE: Tuesday, September 13, 2016 REFERENCE NO.: BH-355
LOG NAME: 13PBD PID15FY17
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 15, Sun Valley PID, Approve Fiscal Year
2016-2017 Budget and Five-Year Service Plan in the Amount of$86,300.00, 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 15 -Sun
Valley Fund in the Amount of$77,515.00, Adopt Ordinance Increasing Appropriations in the Fort Worth
Public Improvement District 15 - Sun Valley Fund in the Amount of$8,785.00, and Reducing the
Unaudited, Unassigned Fund Balance by the Same Amount, and Authorize Execution of an Agreement
with Orasi Development, LLC, in the Amount of$6,600.00 to Manage the District (COUNCIL DISTRICT 5)
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 15, Sun Valley Public Improvement District for the 2016 tax year;
2. Approve the attached Fiscal Year 2016-2017 Budget and Five-Year Service Plan for the Sun Valley
Public Improvement District in the amount of$86,300.00;
3. Approve the Tax Year 2016 Assessment Roll for the Sun Valley Public Improvement District;
4. Adopt the attached ordinance levying special assessments on the property located in the Sun Valley
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 15 - Sun Valley Fund in the amount of$77,515.00 from available funds;
6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District
15 - Sun Valley Fund in the amount of $8,785.00, and reducing the unaudited, unassigned fund balance
by the same amount; and
7. Authorize the execution of an Agreement with Orasi Development, LLC, in the amount of $6,600.00 to
provide management and improvement services for the Sun Valley Public Improvement District during
Fiscal Year 2016-2017.
DISCUSSION:
On August 21, 2012, (M&C G-17654) the City Council adopted Resolution No. 4120-08-2012 establishing
Fort Worth Public Improvement District 15 (Sun Valley PID).
Logname: 13PBD PID15FY17 Page 1 of 3
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 2016 Tax 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 to the Fort Worth Public Improvement District
15—Sun Valley Fund.
On August 30, 2016, (M&C 13PBO PID15FY17 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 Sun Valley PID, in accordance with state law.
The improvements and services to be provided in the PID and the costs thereof are as follows:
Improvements Total Budgeted Costs
Management Fee $ 6,600.00
Security Enhancements $ 69,000.00
Equipment Rental $ 5,600.00
Insurance $ 500.00
Professional Services $ 2,400.00
Website $ 200.00
City Administration Fee $ 2,000.00
Total Expenses $ 86,300.00
The total budgeted costs of the improvements and services are in the amount of$86,300.00. Of this
amount, $77,515.00 will be funded by assessments collected on privately owned parcels located in the
district by applying a rate of$0.27 cents to each $100.00 of property value. The remainder of the costs in
an amount equal to $8,785.00 will be funded by a transfer from unaudited, unassigned fund balance.
The Sun Valley PID is located in COUNCIL DISTRICT 5.
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 15 - Sun Valley Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # Amoun
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)
Lognarne: 13PBD PID15FY17 Page 2 of 3
Additional Information Contact: David Reitz (7807)
Logname: 13PBD PID 15FY17 Page 3 of 3