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HomeMy WebLinkAboutOrdinance 22887-09-2017 ORDINANCE NO.22887-09-2017 AN ORDINANCE LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS AND/OR SERVICES PROVIDED IN FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 7 DURING FISCAL YEAR 2017-2018; SETTING CHARGES AND LIENS AGAINST PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF SUCH ASSESSMENTS; RESERVING UNTO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUNT OF THE RESPECTIVE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Fort Worth, Texas, has heretofore directed that certain improvements and/or services (the "Improvements") shall be provided in the Fort Worth Public Improvement District No. 7(the"District"); and WHEREAS, the boundaries of the District are Wall-Price Keller Road and Alta Road on the north; Shiver Road to North Beach Street passing through the Park Green Belt on the south; Park Vista Boulevard at Shiver Road to Wall-Price Keller Road on the east; and North Riverside Drive on the west; and WHEREAS,the Improvements to be provided in Fiscal Year 2017-2018 and their estimated costs are as follows: EXPENSES Management Fee 100,872 Utilities 325,000 Landscape/Tree Maintenance 931,000 Common Area Maintenance 267,829 Holiday Lighting 30,808 Security Enhancements 125,000 Public Events 85,000 Capital Improvements 300,000 Insurance 13,350 Annual Review 2,900 City Administration Fee 39,095 Budget Expenses $2,220,854 The total budgeted costs of the improvements are$2,220,854.00. Of this amount, $1,954,758.00 will be funded by assessments collected on privately owned parcels located in the district. The remainder of the costs will be funded by other revenue sources: • $191,096.00 in a direct payment from the City for payment in lieu of services, which was appropriated from the General Fund balance by City Council action on September 12, 2017; • $75,000.00 transferred from unaudited,unassigned fund balance; and Page 1 of 4 WHEREAS,it is proposed that property in the District be assessed the rates of$0.21 per each $100 of property value for residential property, and$0.11 rate per each$100 of property value for commercial property, as of January 1,2017 and determined by the appraisal district with jurisdiction over property in the District;and WHEREAS, the Improvements and proposed assessment roll were previously presented in a public hearing conducted by the City Council on August 29,2017(M&C 13PBO PID7FY18)and have been on file in the office of the City Secretary for public inspection; and WHEREAS, the Improvements and proposed assessment roll were once again heard by the City Council in a public hearing conducted on the 12th day of September,2017,at 7:00 p.m. in the Council Chamber in the City Hall in the City of Fort Worth, Texas(the"Public Hearing"),notice of which was published mailed to all record owners of property in the District,and at such hearing all desiring to be heard were given a full and fair opportunity to be heard; NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,TEXAS: SECTION 1. The Public Hearing is hereby closed and any and all protests and objections,whether herein enumerated or not, are hereby overruled. SECTION 2. The City Council, from all evidence before it, including all information provided to it and considered in the Public Hearing, finds that the assessments herein described should be made and levied against the respective parcels of property in the District and against the owners of such property. Such assessments and charges are right and proper and are substantially in proportion to the benefits to the respective parcels of property by means of the Improvements in the District for which such assessments are levied and establish substantial justice and equality and uniformity between all parties concerned, considering the benefits received and burdens imposed.The City Council further finds that in each case the property assessed is specially benefited in enhanced value to the said property by means of the Improvements in the District and for which assessment is levied and charge made, and further finds that the apportionment of the cost of the Improvements is in accordance with applicable law. The City Council, from the evidence, further finds that the values of the respective parcels of property on January 1,2017,are true and correct. SECTION 3. There shall be, and are hereby, levied and assessed against the parcels of property in the District and against the real and true owners thereof(whether such owners be correctly named herein or not), the sums of money itemized per parcel of property,and the owners thereof,as far as such owners are known,at the following rate and method of payment: $0.21 per each $100 of value for residential property and $0.11 per each $100 of value for commercial property. SECTION 4. Where more than one person or entity owns an interest in any property described herein, each such Ordinance No.22887-09-2017 Page 2 of 4 person or entity shall be personally liable only for its, her or his pro rata share of the total assessment against such property in proportion to its, his or her respective interest to the total ownership such property, and its, his or her respective interest in such property may be released from the assessment lien upon payment of a proportionate sum. SECTION 5. The several sums above mentioned and assessed against the said parcels of property, and owners thereof, and penalty and interest thereon at the rate prescribed by Chapter 372, Texas Local Government Code (the Public Improvement District Assessment Act), together with reasonable attorney's fees and cost of collection, if incurred, are hereby declared to be and are made a lien upon the respective parcels of property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be correctly named herein or not, and such liens shall be and constitute the first enforceable lien and claim against the property on which such assessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims, except state, county, school district and city ad valorem taxes.A copy of this ordinance may be filed with the County Clerk of Tarrant County,Texas,and when so filed shall constitute complete and adequate legal notice to the public concerning the liens hereby assessed against the respective parcels of property and the owners thereof. The sums so assessed against the respective parcels of property and the owners thereof shall be and become due and payable on or before January 31, 2018, and shall become delinquent if not paid by February 1, 2018. The entire amount assessed against each parcel of property shall bear penalty and interest, from and after February 1, 2018 at the same rate as prescribed by law for any delinquent ad valorem tax until paid. SECTION 6. If default shall be made in the payment of any assessments, collection thereof shall be enforced by suit in any court of competent jurisdiction, and said City shall exercise all of its lawful powers to aid in the enforcement and collection of said assessments. SECTION 7. The total amount assessed against the respective parcels of property, and the owners thereof, is in accordance with the proceedings of the City hereto and is less than the proportion of the cost allowed and permitted by applicable law. SECTION 8. Although the aforementioned charges have been fixed, levied and assessed in the respective amounts herein stated, the City Council does hereby reserve the right to reduce the aforementioned assessments by allowing credits to certain property owners where deemed appropriate and provided that such any such allowance does not result in any inequity and/or unjust discrimination. SECTION 9. Full power to make and levy reassessments and to correct mistakes, errors, invalidities or irregularities in the assessments are, in accordance with the law in force in this City, vested in the City. Ordinance No.22887-09-2017 Page 3 of 4 SECTION 10. In any suit upon any assessment or reassessment, it shall be sufficient to allege the substance of the provision recited in this ordinance and that such recitals are in fact true, and further allegations with reference to the proceedings relating to such assessment and reassessment shall not be necessary. SECTION 11. 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 shall remain in full force and effect. SECTION 12. This Ordinance shall be cumulative of 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 13. This Ordinance shall take effect and be in full force and effect from and after the date of its passage. AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY: ATTEST: Tyler Wal -- As stant City Attorney ary J. a s r, Secretary M& --374 Adopted and Effective: September 12, 2017 Ordinance No.22887-09-2017 Page 4 of 4 City of Fort Worth Five Year Service Plan Public Improvement District No.7-Heritage FY18119 FY19120 FY20121 FY21122 FY22123 REVENUES PID Assessments $1,954,758 $1,996,548 $2,036,479 $2,077,209 $2,118,754 COFW Payment in lieu of Services 191,096 191,096 191,096 191,096 191,096 Budget Revenues $2,145,854 $2,187,644 $2,227,575 $2,268,305 $2,309,850 Use of Fund Balance 75,000 75,000 75,000 75,000 75,000 Total Revenues $2,220,854 $2,262,644 $2,302,575 $2,343,305 $2,384,850 EXPENSES Management Fee 100,872 102,890 104,948 107,047 109,188 Utilities 325,000 331,500 338,130 344,893 351,791 Landscape Tree Maintenance 931,000 956,155 981,813 1,007,984 1,034,680 Common Area Maintenance 267,829 274,843 279,356 283,960 288,656 Holiday Lighting 30,808 30,808 30,808 30,808 30,808 Security Enhancements 125,000 125,000 125,000 125,000 125,000 Public Events 85,000 85,000 85,000 85,000 85,000 Capital Improvements 300,000 300,000 300,000 300,000 300,000 Insurance 13,350 13,617 13,890 14,168 14,452 Annual Review 2,900 2,900 2,900 2,900 2,900 City Administration Fee 39,095 39,931 40,730 41,545 42,375 Budget Expenses 2,220,854 2,262,644 2,302,575 2,343,305 2,384,850 Total Expenses $2,220,854 $2,262,644 $2,302,575 $2,343,305 $2,384,850 FORTWORTH Heritage Public Improvement District Y, s; a 4OWN 2 114i�}�Y •+li►' SPIA lilid;Vt� -.�f-'M' -s. �.� n+ V • ., m -Opp— #' RL TFC y7r y/y r a � LEGEND - m - PID 7 - HERITAGE N - 0 0.175 0.35 0.7 Miles - _ Pre .s" August 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. 22887-09-2017, 22888-09-2017 & 22889-09-2017 DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-374 LOG NAME: 03PBD PID7FY18 SUBJECT: Conduct Public Benefit Hearing for Public Improvement District 7, Heritage PID, Approve Fiscal Year 2017- 2018 Budget and Five-Year Service Plan in the Amount of$2,220,854.00, Approve Tax Year 2017 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at the Rates of $0.21 Per Each $100 of Residential Property Value and $0.11 Per Each $100 of Commercial Property Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 7 - Heritage Fund in the Amount of$2,145,854.00, Adopt Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 7 - Heritage Fund in the Amount of $75,000.00, 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 2017 tax year; 2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Heritage Public Improvement District in the amount of$2,220,854.00; 3. Approve the Tax Year 2017 Assessment Roll for the Heritage Public Improvement District, on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in the Heritage Public Improvement District for the 2017 tax year at the rates of $0.21 per each $100 of residential property value and $0.11 per each $100 of commercial property value; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 7 - Heritage Fund in the amount of$2,145,854.00, from available funds; 6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 7 - Heritage Fund in the amount of$75,000.00, 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 $100,872.00 to provide management and improvement services for the Heritage Public Improvement District during Fiscal Year 2017-2018. Logname: 03PBD PID7FY18 Page I of 3 On September 26, 2000, Mayor and Council Communication (M&C G-13021) the City Council adopted Resolution No. 2675 establishing Fort Worth Public Improvement District No. 7 (Heritage PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Heritage PID and the proposed assessments to be levied on each property in the Heritage PID for the 2017 tax year. Following the public hearing, it is recommended that the City Council approve the Tax Year 2017 Assessment Roll for the Heritage PID, approve the attached Budget and Five-Year Service Plan of the Heritage PID, adopt the attached ordinance levying the proposed assessments, and adopt the attached ordinances increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 7— Heritage Fund. On August 29, 2017, (M&C BH-360)the City Council conducted a public hearing to receive comments on the proposed 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Heritage PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Heritage PID, in accordance with state law. The improvements and services to be provided in the PID during the 2017-2018 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee [$_ — 100,872.00 Utilities 1$ 325,000.00 Landscape/Tree $ 931,000.00 Maintenance Common Area Maintenance[$ 267,829.00 Holiday Lighting $ 30,808.00 Security Enhancement $ 125,000.00 Public Events F$ 85,000.00 Capital improvements `$ 300,000.00 Insurance $ 13,350.00 Annual Review $ 2,900.00 City Administration Fee $ 39,095.00 Total Expenses 1$ 2,220,854.00 The total budgeted costs of the improvements are in the amount of $2,220,854.00. Of this amount, $1,954,758.00 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 $266,096.00 will be funded by other revenue sources: an amount equal to $191,096.00 in direct payments from the City for Payment In-Lieu of Services and an amount equal to $75,000.00 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 2017-2018 Budget by the City Council, funds will be available in the Fiscal Year 2018 Logname: 03PBD PID7FY18 Page 2 of 3 operating budget, as appropriated, of the Fort Worth Public Improvement District 7 - Heritage Fund. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # �rnoun ID ID Year Chartfield 2 FROM Fund Department ccoun Project JProgram ctivity Budget Reference # moun ID ID Year Chartfield 2 CERTIFICATIONS: Submitted for City Manager's Office b� Susan Alanis (8180) Originating Department Head: Lynda Johnson (6222) Additional Information Contact: Terry Hanson (7934) Logname: 03PBD PID7FY18 Page 3 of 3