HomeMy WebLinkAboutOrdinance 22886-09-2017 Ordinance No. 22886-09-2017
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 6—PARK GLEN FUND IN THE AMOUNT OF$87,153.00 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 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 6— Park Glen Fund in the amount of$87,153.00, 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 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instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
APPR D AS TO FORMA EGA CITY AaECRET
/ i
Tyler=AND
tant City Attorney Mary J. r
ADFECTIVE: September 12, 2017
City of Fort Worth
Five Year Service Plan
Public Improvement District No.6-Park Glen
FYI 8/19 FY19120 FY20121 FY21122 FY22123
REVENUES
PID Assessments $1,537,587 $1,537,587 $1,537,587 $1,537,587 $1,537,587
COFW Payment in lieu of Services 199,556 199,556 199,556 199,556 199,556
Budget Revenues $1,737,143 $1,737,143 $1,737,143 $1,737,143 $1,737,143
Use of Fund Balance 87,153
Total Revenues $1,824,296 $1,737,143 $1,737,143 $1,737,143 $1,737,143
EXPENSES
Management Fee 125,924 125,924 128,402 128,402 128,402
Utilities 215,000 215,000 215,000 215,000 215,000
Landscape Maintenance 729,694 729,752 718,774 722,094 717,194
Common Area Maintenance 446,711 379,500 381,500 373,180 386,580
Holiday Lighting 19,000 19,000 20,000 20,000 20,000
Security Enhancements 143,000 143,000 143,000 143,000 143,000
Communications/Newsletters 6,500 6,500 7,000 7,000 7,000
Public Events 32,200 32,200 32,200 32,200 32,200
Capital Improvements 50,000 30,000 35,000 40,000 31,500
Insurance 23,415 23,415 23,415 23,415 23,415
Annual Review 2,100 2,100 2,100 2,100 2,100
City Administrative Fee 30,752 30,752 30,752 30,752 30,752
Budget Expenses 1,824,296 1,737,143 1,737,143 1,737,143 1,737,143
Contribution to Fund Balance - - - - -
Total Expenses $1,824,296 $1,737,143 $1,737,143 $1,737,143 $1,737,143
FORTWORTH
Park Glen Public Improvement District
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LEGEND
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0 0.225 0.45 0.9 Miles
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_ Pre aredh on:August 19 2014
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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 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 9/12/2017 - Ordinance Nos. 22884-09-2017, 22885709-2017
& 22886-09-2017
DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-373
LOG NAME: 03PBD PID6FY18
SUBJECT:
Conduct Public Benefit Hearing for Public Improvement District 6, Park Glen PID, Approve Fiscal Year
2017-2018 Budget and Five-Year Service Plan in the Amount of$1,824,296.00, Approve Tax Year 2017
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at the Rates of
$0.175 Per Each $100 of Residential Property Value and $0.035 Per Each $100 of Commercial Property
Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public
Improvement District 6 - Park Glen Fund in the Amount of$1,737,143.00, Adopt Ordinance Increasing
Appropriations in the Fort Worth Public Improvement District 6 - Park Glen Fund in the Amount of
$87,153.00, 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 2017 tax year;
2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Park Glen
Public Improvement District in the amount of$1,824,296.00;
3. Approve the Tax Year 2017 Assessment Roll for the Park Glen Public Improvement District, on file with
the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in the Park Glen
Public Improvement District for the 2017 tax year at the rates of $0.175 per each $100 of residential
property value and $0.035 per each $100 of commercial property value;
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$1,737,143.00, 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 $87,153.00, 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 2017-2018.
Logname: 03PBD PID6FY18 Page I of 3
On September 29, 1998, the City Council adopted Resolution No. 2453 establishing Public Improvement
District No. 6 (Park Glen 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 Park Glen PID and the proposed assessments to be
levied on each property in the Park Glen PID for the 2017 tax year. Following the public hearing, it is
recommended that the City Council approve the attached Budget and Five-Year Service Plan of the Park
Glen PID, approve the 2017 Tax Roll for the Park Glen 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 29, 2017, Mayor and Council Communication (M&C BH-359) 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 Park Glen 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 Park Glen PID during the 2017-2018 Fiscal Year
and the costs thereof are as follows:
Improvements Total Budgeted Costs
Management Fee $ 125,924.00
Utilities $ 215,000.00
Landscape Maintenance $ 729,694.00
Common Area Maintenance F $ 446,711.00
Holiday Decorations $ 19,000.00
Security Enhancements $ 143,000.00
Communications/Newsletters $ 6,500.00
Public Events $ 32,200.00
Capital improvements I $ 50,000.00
Insurance F $ 23,415.00
Annual Review $ 2,100.00
City Administration Fee $ 30,752.00
Total Expenses $ 1,824,296.00
The total budgeted costs of the improvements and services are in the amount of $1,824,296.00. Of this
amount, $1,537,587.00 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 $286,709.00 will be funded by other revenue sources including: an amount equal to
$199,556.00 in direct payments from the City for Payment In-Lieu of Services and an amount equal to
$87,153.00 from unaudited, unassigned fund balance.
The Park Glen PID is located in COUNCIL DISTRICT 4.
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 6 - Park Glen Fund.
Logname: 03PBD PID6FY18 Page 2 of 3
FUND IDENTIFIERS (FIDs):
TO
Fund) Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year ChartFieId 2
FROM
Fundl 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: Terry Hanson (7934)
Logname: 03PBD PID6FY18 Page 3 of 3