HomeMy WebLinkAboutOrdinance 22880-09-2017 Ordinance No. 22880-09-2017
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 15 — SUN VALLEY FUND IN THE AMOUNT OF $21,685.00
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 2017-2018 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 2017-2018 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$21,685.00,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 2017-2018 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, 2017, and ending September 30,
2018, 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instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 LEGJAI..I� CITY SECRETARY
Tyler Walla=DEFFECTIVE:
a y Attorney Mary . K er
ADOPTED September 12, 2017
City of Fort worth
Five Year Service Plan
Public Improvement District No.15-Sun Valley
FY17/18 FY18/19 FY19/20 FY20/21 FY21/22
REVENUES
PID Assessments $87,615 $89,367 $91,155 $92,978 $94,837
Budget Revenues $87,615 $89,367 $91,155 $92,978 $94,837
Use of Fund Balance $ 21,685 $ 8,733 $ 7,645 $ 7,222 $ 5,663
Total Revenues $109,300 $98,100 $98,800 $100,200 $100,500
EXPENSES
Management Fee 10,200 10,200 10,200 10,200 10,200
Security Enhancements 71,000 73,000 73,000 75,000 75,000
Equipment Rental 8,500 8,500 8,500 8,500 8,500
Lighting/Signage 10,000
Insurance 500 500 500 600 600
Professional Services 3,600 3,600 3,600 3,600 3,600
Website 1,000 300 1,000 300 600
Printing 2,500
City Administration Fee 2,000 2,000 2,000 2,000 2,000
Budget Expenses 109,300 98,100 98,800 100,200 100,500
Contribution to Fund Balance
Total Expenses $109,300 $98,100 $98,800 $100,200 $100,500
FoRTWoRTH. Sun Valley Public Improvement District7N
r �f '
rt
A 4Pd
Av�D %r1F1 '�.ANta- . �
° -k [ AVID STf ICICt'AN
287
. .+ KALT,ENBRUN n' is
.�Ij � .� O
,r .`F +'gin y
LLJ
* MO SON 4,
' 7 i
. 7 '''.� :. Y r'! ,s +.,�, r s.•— IAF
U-j
w° 1 .•�
`,tom .
_ r LFf-TLE
IN, .1 L1_ TT` LEGEND -
PID 15 - SUN VALLEY N
J�.
l
P 0 0.075 0.15 0.3 Miles
Prepared on:Au ust 19 2014
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 9/12/2017 - Ordinance Nos. 22878-09-2017, 22879-09-2017
& 22880-09-2017
DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-371
LOG NAME: 03PBD PID15FY18
SUBJECT:
Conduct Public Benefit Hearing for Public Improvement District 15, Sun Valley PID, Approve Fiscal Year
2017-2018 Budget and Five-Year Service Plan in the Amount of$109,300.00, Approve Tax Year 2017
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at a Rate of$0.27
Per Each $100 of Property Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in
the Fort Worth Public Improvement District 15 - Sun Valley Fund in the Amount of$87,615.00, Adopt
Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 15 - Sun Valley Fund in
the Amount of$21,685.00, 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$10,200.00 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 2017 tax year;
2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Sun Valley
Public Improvement District in the amount of$109,300.00;
3. Approve the Tax Year 2017 Assessment Roll for the Sun Valley Public Improvement District, on file
with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in the Sun Valley
Public Improvement District for the 2017 tax year at a rate of$0.27 per each $100 of property value;
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$87,615.00, 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 $21,685.00, 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$10,200.00 to
provide management and improvement services for the Sun Valley Public Improvement District during
Fiscal Year 2017-2018.
DISCUSSION:
Un August 11, 1U11, Mayor and Council Communication (M&U U-1/(i54) the City Council adopted
Logname: 03PBD PID15FY18 Page I of 3
Resolution No. 4120-08-2012 establishing Fort Worth Public Improvement District 15 (Sun Valley PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2017-2018 Fiscal
Year Budget and Five-Year Service Plan for the Sun Valley PID and the proposed assessments to be
levied on each property in the Sun Valley PID for the 2017 tax year. Following the public hearing, it is
recommended that the City Council approve the 2017 Tax Roll for the Sun Valley PID, approve the
attached Budget and Five-Year Service Plan of the Sun Valley 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 29, 2017, (M&C BH-365) the City Council conducted a public hearing to receive comments on
the proposed 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Sun Valley 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 $ 10,200.00
Security Enhancements $ 71,000.00
Equipment Rental $ 8,500.00
Lighting/Signage $ 10,000.00
Insurance $ 500.00
Professional Services $ 3,600.00
Website $ 1,000.00
Printing $ 2,500.00
City Administration Fee $ 2,000.00
Total Expenses $ 109,300.00
The total budgeted costs of the improvements and services are in the amount of$109,300.00. Of this
amount, $87,615.00 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 $21,685.00 will be funded by a transfer from unaudited, unassigned fund balance.
The Sun Valley PID is located in COUNCIL DISTRICT 5.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of
the Fiscal Year 2017-2018 Budget by the City Council, funds will be available in the Fiscal Year 2018
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 # �mountl
ID ID Year (ChartField 2)
FROM
Fund Department ccoun Project JProgram ctivity Budget Reference # moun
ID ID Year Chartfield 2
Logname: 03PBD PID I5FY18 Page 2 of 3
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Lynda Johnson (6222)
Additional Information Contact: Terry Hanson (7934)
Logname: 03PBD PID 15FY18 Page 3 of 3