HomeMy WebLinkAboutResolution 2734A Resolution
ESTABLISHING FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 9
(THE PARKWOOD HILL AREA) AND TAHING CERTAIN OTHER ACTIONS
CONCERNING THE DISTRICT
WHEREAS, on December 5 2000 the City Council of the Crty of Fort Worth received a petition
for the establishment of the Fort Worth Public Improvement Distract No 9' and
WHEREAS, on February 20 2001 the Crty Council found and determined the petition included
sufficient signatures and met other requirements of Section 372.002 and 372.005 of the Public
Improvement District Assessment Act (V T C.A., Local Government Code, Section 372.001 et seq) (the
Act")• and
WHEREAS, the City Secretary of the Crty of Fort Worth gave notice of the May 29 2001 public
hearing in accordance with the Act; and
WHEREAS, the Crty Council held a public hearing at rts regular open and public meeting at 10.00
a.m. on May 29 2001 concerning the following matters
a. the advisability of establishing a public improvement district;
b the general nature of the proposed improvements and services;
c. the estimated costs of the proposed improvements and/or supplemental services;
d. the boundanes of the improvement distract;
e. the proposed method of assessment; and
f. the proposed apportionment of costs between the improvement district and the mumcipality
as a whole; and
WHEREAS, the City Council closed the public heanng on the same day-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS.
Section 1 The Crty Council, after duly considering the evidence and testimony presented at the
public hearing on May 29 2001 hereby makes the following findings
a. It is advisable to establish a public improvement district under the Act, which dbstnct
shall be known as the Fort Worth Public Improvement Distract No 9 ("PID9")
b It is advisable to authorize the Crty of Fort Worth to exercise the powers granted by the
Act m connection with the establishment of PID9 including the undertaking of
improvement projects and/or services that confer a special benefit on property in the
PID9 and the levying and collecting of special assessments on property in the district,
based on the benefit conferred by the improvement projects and/or services.
c. It is advisable for improvements and/or special supplemental services to be undertaken and
provided for by PID9
d. The general nature of the improvements and/or services to be provided by PID9 shall
include.
(1) Turf maintenance, which includes seasonal specifications for mowing height and
cycles for the vanous types of landscaped areas and grasses, specifications for edging
and tnmming, and specifications for the application of herbicides as required,
(2) Horticultural maintenance, which controls the weeding and cultivation of shrubs and
ground cover beds,
(3) Irngation maintenance, which includes inspection schedules and management of
seasonal watering schedules and repairs to the system as required,
(4) Seasonal color specifications which controls type, color number and size of plants to
be installed in applicable areas,
(5) Tree care, which includes tree fertilization, pruning, and insect disease control,
(6) Water and electncrt~payments, for irrigation systems,
(7) Fence maintenance for repair of specialty fencing;
(8) Ground and holiday lighting maintenance,
(9) Secunty services to supplement existing services, when appropriate;
(10) Other services which are incidental to the maintenance of landscaping, and
(11) Maintenance and repau for special streetlights and street signs.
The proposed special supplemental services would be a supplement to the standard
existing level of city improvements and/or services and would constitute an added
increment to the services currently provided by the Crty of Fort Worth to the taxpayers
generally The Crty will continue to furnish or pay for the standard services in PID9 at
the same level as they would be provided for the taxpayers generally
e. The estimated cost of the supplemental services for the proposed PID9 during the first
year of operation beginning 2001-02, as specified wrtlun the proposed budget and service
plan, will total approximately $85 433 This total includes payments for professional
services of a management company to contract for supplemental services, city
administration costs, miscellaneous expenses and a reserve for uncollected assessments.
The budget and service plan attached and incorporated as Exhibit A represents the
services to be provided for the first five years beginning 2001-02 The total costs of the
services will be paid from assessments. The PID9 budget starting 2001-02 and
subsequent years' budgets will be reviewed and approved by Crty Council annually
f. The cost of improvements and/or services shall be determined to accordance with the
approved budget and service plan.
g. The boundanes of PID9 are shown on the map on file m the Office of the City Secretary
h. The method of assessment shall be as follows:
(1) A service plan will be approved and adopted by the City Council for a period of not
less than five (5) years. The service plan will be reviewed and updated annually by
the City Council to determine the annual budget for improvements and/or special
supplemental services wrtlun PID9
(2) The cost of the improvements and/or special supplemental services will be assessed
against real property within PID9 according to the value of the property including
improvements, as determined annually by the City Council
(3) The annual assessments against real property in the district mcluding improvements
will start in 2001-02 and will not exceed 21 ¢ per $100 of value of such property as
determined by the City Council.
i. The apportionment of costs between PID9 and the Crty as a whole shall be
(1) The cost of the improvements and/or special services will be paid from special
assessments~levied against property within PID9
(2) The Crty of Fort Worth will be responsible for the payment of assessments on exempt
City-owned real property and structures or other improvements thereon in the distract.
The payment of assessments, if any on property owned by other exempt jurisdictions
will be established by contract. The City will continue to provide the standard
improvements and services to the district as it does to the rest of the City
(3) The City Council will be authorized to establish by ordinance reasonable
classifications and formulas for the apportionment of cost between the City and
the property to be assessed and to establish the methods for assessing special
benefits for various classes of improvements and/or special supplemental services.
The probable maximum benefits to be conferred on each tract in PID9 because of the
improvements and/or services will be greater than the amount of the assessment against
such tract and the owners thereof.
Section 2. The Fort Worth Public Improvement District No 9 is authorized to be and is
hereby established as a public improvement district under the Act and in accordance with the above
findings as to the advisability of the improvements and/or services. The district will be subject to all
conditions, hmrtations and reservations contained m such findings.
Section 3. The City Secretary is hereby directed to give notice of authorization for
establishment of PID9 by publishing a copy of this Resolution once in a newspaper of general
circulation to the Ctty of Fort Worth. Such authorization shall take effect and the district shall be
deemed to be established effective upon the publication of such notice.
Section 4. PID9 will be deemed established upon notice of authorization as stated to Section
3 above and will continue thereafter unless dissolved or reestablished to accordance with the Act. The
Crty of Fort Worth shall not be obligated to undertake or pay for any improvements or services
contemplated by PID9 upon its dissolution.
Section 5. The area to be assessed may not include any property not within the boundaries of
PID9 unless there is an additional hearing pursuant to Section 372 009 of the Act, preceded by the
required notice.
Section 6. The Crty Manager hereby authonzed to negotiate a contract with a property
management company to oversee and provide the improvements and/or services in accordance wrth this
Resolution and the service, improvement and assessment plan adopted by the Crty Council for the fiscal
year of 2001 2002
Section 7 No actual construction or improvements or implementation of services by the
PID9 shall begin until at least 20 days after authorization for the distract takes effect.
Section 8. The distract shall be a complete alternative to other methods by which the Crty of
Fort Worth may finance public improvements and/or special supplemental services by assessing
property owners.
ADOPTED this 29th day of May 2001
c.~~.
Mayor
ATTEST
City Secreta
k~~RO~~~
CITY C~UN~I~.
MAY 29 2001
,~ ~~'~
city secretary of the
City of Fort Worth, Ye=ae
Parkwood Hill
PID #9 Budget
5-Year Projection
1st 12 Mo. 2nd 12 Mo. 3rd 12 Mo. 4th 12 Mo. 5th 12 mo.
ASSESSMENT PROJECTIONS
PID Revenues $53,345 $85,918 $96,056 $100,859 $105,902
Lumbermen'sSubsidy $30,000 $5,000 $0 $0' $OAOi
Total Revenues $83,345 $90,918 $96,056 $100,859 $105,902
EXPENSE PROJECTIONS
Administrative Costs $0 $0 $0 $0 $0.00
Contract Services (excluding
Management Fee)' $49,000 $51,540 $54,117 $56,823 $59,6(i4'~
Repairs & Maintenance $6,780 $7 119 $7 475 $7,849 $8,241
Utilities $7,200 $7,560 $7,938 $8,335... $8,752
• Security $5,365 $9,649 $11424 $11,995 $12,595
Insurance
Contingency $1,000 $1,050 $1 102 $1,157 ' $1,215
City Management Fees $5,000 $5,000 $5,000 $5,250 $5,513
Management Company Fees $9,000 $9,000 $9,000 $9,450 -G$,51~;
. Total Expenses $83,345 $90,918 $96,056 $100,859 $105,902
Total Surplus/(Deficit) $0 $0 $0 $0 $0
'Assumptions First Twelve (12) Months
1 Assessment Rate of PID 11631$100 based upon $45,865,000 Appraised Value of Property in PID'
250 homes built at tax appraisal amount of $150,000/home completed=$37,500,000
277 Vacant Lots in Parkwood Hill at tax appraisal amount of $20,000/Lot=$5,540,000
13 homes built in Village of Parkwood Hill at tax appraisal amount of $125,000/Lot $1,625,000
20 Vacant Lots at Village of Park Hill (Fleet) at tax appraisal amount of $12,500/Lot $250,000
2 Commercial Tracts @ $1.00/square foot x 950,000 sq. ft. $950,000
2. PID Assessment $150,000 house @ .001163 $174 45
PID Contracts does not include costs for maintenance of improvements on areas not in the common areas of the
Association. No park maintenance or city reimbursement is anticipated until the park is improved.
Exhibit A
•
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P'II
i
?ID 9
City of Fort Worth, Texas
oe And aunc~l Caminun~cAt~ion
~hI~A
~ ~
DATE REFERENCE NUMBER LOG NAME PAGE
3/27/01 C-18524 13CONTRACT 1 of 2
suB~ECT PUBLIC HEARING AND ADOPT A RESOLUTION ESTABLISHING FORT WORTH
PUBLIC IMPROVEMENT DISTRICT NO 9 (PARKWOOD HILL AREA) AND
AUTHOR{ZE THE CITY MANAGER TO ENTER INTO A CONTRACT FOR
MANAGEMENT SERVICES IN THE DISTRICT
RECOMMENDATION
It is recommended that the City Counci{
1 Hold a public hearing concerning the following matters.
a) The advisability of establishing the proposed district; and
b) The general nature of the proposed improvements and/or services, and
c) The estimated cost of improvements and/or services and
d) The proposed boundaries of the district; and
e) The proposed method of assessment; and
f) The proposed apportionment of costs between the improvement district and the City as a
whole and
2 Adjourn such public hearing and
3 Adopt the attached Resolution which
• Makes certain findings concerning the nature and advisability of the improvements and/or
services to be provided by the district, the estimated costs the boundaries of the district, the
method of assessment, and the apportionment of costs between the district and the City as
a whole, and
• Establishes a public improvement district under the Public Improvement District Assessment
Act (the Act") (V T C.A. Local Government Code Section 372 001 et seq) to be known as
the Fort Worth Improvement District No 9 and
• Authorizes the City to exercise the powers granted by the Act in connection with the
establishment of a public improvement district; and
• Directs the Gity Secretary to publish notice of the establishment of the district as required by
the Act; and
4 Authorize the City Manager to enter into a contract with a management company to provide
management services to the district.
City of Fort Worth, Texas
~lhl~~or And Caunc~l ontmun~cAt~an
C
DATE
3/27/01 REFERENCE NUMBER
C-18524 LOG NAME
13CONTRACT PAGE
2 of 2
SUBJECT PUBLIC HEARING AND ADOPT A RESOLUTION ESTABLISHING FORT WORTH
PUBLIC IMPROVEMENT DISTRICT NO 9 (PARKWOOD HILL AREA) AND
AUTHORIZE THE CITY MANAGER TO ENTER INTO A CONTRACT FOR
MANAGEMENT SERVICES IN THE DISTRICT
DISCUSSION
On December 5 2000 the City Council received a petition requesting establishment of PID No 9 On
February 20 2001 (M&C G-13162) the City Council found that the petition was sufficient and met the
requirements of the Act and City PID policy and authorized the proceedings to establish PID No 9
M&C G-13162 further set a public hearing on March 27 2001 at 10.00 a m concerning various
matters regarding the establishment of PID No 9 Notice of the hearing was given by the City
Secretary according to the Act.
The Act provides that after the public hearing is held the City Council may adjourn the hearing and
within six months after such adjournment may make findings by resolution as to whether the proposed
improvement district should be established the nature costs and advisability of the proposed
improvements and/or services, the boundaries of the proposed district, the method of assessment and
the apportionment of costs between the district and the City as a whole If the City Council decides to
authorize establishment of the district, such authorization would take effect when a resolution is
adopted authorizing the district and notice is published once in a newspaper of general circulation
The PID No 9 budget and service plan starting 2001 2002 will be presented annually to the City
Council for its review and approval Because the assessment in PID No 9 does not start until 2001
2002 a benefit hearing will not be scheduled until later this Fall thereby capturing the most current
ownership and property valuation data as certified by the Tarrant Appraisal District in July 2001
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval and completion of the above recommendations and
adoption of the attached resolution there will be no material effect on City funds
CB k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
Charles Boswell 8511
Originating Department Head:
Jim Keyes 8517 (from) APPROVED 5/29/01
RESOLUTION NO 2734
Additional Information Contact:
Linda Brown 6030