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Home My WebLink AboutOrdinance 22885-09-2017 Ordinance No. 22885-09-2017 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2017-2018 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN FUND IN THE AMOUNT OF $1,737,143.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2017 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE PARK GLEN PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2017-2018; 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 estimated receipts and appropriations in the Fiscal Year 2017-2018 Fort Worth Public Improvement District 6—Park Glen Fund in the amount of$1,737,143.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2017 Tax Year, for the purpose of providing management and improvement services for the Park Glen Public Improvement District during Fiscal Year 2017-2018. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 LEG ITY: CITY SECRETARY Tyler Wallach, Assistant CityWtorney M ry J. ays ADOPTED AND EFFECTIVE: September 12, 2017 City of Fort Worth Five Year Service Plan Public Improvement District No.6-Park Glen FY18119 FY19/20 FY20/21 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 FORT WORTHP 1 � . Park Glen Public Improvement District N t ' r}^ / fj:{• � '� .Y ,:y� /'�'� i ..� JA. WDM y. •� � fr� ! F n,,. �"r t � g t �{ '.pFrY � TARRd4NT izs' Lo t � zv Y Yy�f►' y1 1 a ''4e. ` b� 1% o j its -. �� _�� " "•'. ..``- �' " x5- ,�, pF t:.. kE K 377 !, * � r + a � IL�. a �yy T ' t • YR � i�I"►j bra El SWQ 104Krj `..,• N mnrn^.r .� ��"�� : . .�"t"'" 1+� `-' � ;,�•�,T;• LEGEND J � V7, M PILE 6 - PARK GLEN N 0.225 0.45 0.9 Miles - tT"s '� WESTERNvCEN E � � Pfd ared 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 THEACCURACY OF SAID DATA. City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/12/2017 - Ordinance Nos. 22884-09-2017, 22885-09-2017 & 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 1 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: F__ Improvements Total Budgeted Costs Management Fee $ 125,924.00 Utilities F $ 215,000.00 Landscape Maintenance F $ 729,694.00 Common Area Maintenance F $ 446,711.00 Holiday Decorations 1 $ 19,000.00 Security Enhancements F $ 143,000.00 jammunications/Newsletters F $ 6,500.00 Public Events $ 32,200.00 Capital improvements $ 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 Fundl Department ccoun Project Program ctivity Budget Reference # moun 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) Additional Information Contact: Terry Hanson (7934) Logname: 03PBD PID6FY18 Page 3 of 3