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HomeMy WebLinkAboutOrdinance 22904-09-2017 Ordinance No. 22904-09-2017 AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 8 — CAMP BOWIE FUND IN THE AMOUNT OF $126,963.00 AND DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 8 — CAMP BOWIE 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 8—Camp Bowie Fund in the amount of $126,963.00, and decreasing the Fort Worth Public Improvement District 8—Camp Bowie 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 LEGALITY: CITY SECRETA Tyler .Wa, ch a J. K e TA Assistant City Attorney Z ADOPTED AND EFFECTIVE: September 19, 2017 City of Fort Worth Five Year Service Pian Public Improvement District No.8-Camp Bowie FY17/19 FY18 19 FY19120 FY20121 F Y 21122 REVENUES PID Assessments $355,286 $373,050 $391,703 $411,288 $431,852 COFW Assessment COFW Payment in lieu of Services 17,791 17,791 17,791 17,791 17,791 PID Generated Revenue Budget Revenues $373,077 $390,841 $409,494 $429,079 $449,643 Use of Fund Balance-Active Eastside 85,023 - - - - Use of Fund Balance-Inactive Westside 41,940 Total Revenues $500,040 $390,841 $409,494 $429,079 $449,643 EXPENSES Assessed Eastside Management Fee 71,057 74,610 78,341 82,258 86,370 Utililies 31,000 32,550 34,178 35,886 37,681 Landscaping 146,756 154,094 161,798 169,888 178,383 Beautification 170,817 90,044 94,507 99,193 104,112 Communications/Marketing 17,000 17,000 17,000 17,000 17,000 Insurance 6,700 7,035 7,387 7.756 8,144 Audit 6,000 6,300 6,615 6,946 7,293 City Administrative Fee 8,770 9,209 9,669 10,152 10,660 _Non-Assessed Westside Bed and Tree Maintenance at Loop 820 and/or Security 41,940 Budget Expenses 500,040 390,841 409,494 429,079 449,643 Contribution to Fund Balance - - - - - Total Expenses $500,040 $390,841 $409,494 $429,079 $449,643 Fund Balance Reservations Estimated Fund Balance at end of FY2017 $ 180,000 %of Value Generated by Inactive West 23.3% Reserved for Inactive Westside $ 41,940 Estimated Remaining Funds after Audit will be available for the Active Eastside 138,060 i 777 H003''t { at tT6�67 9 \ ?tom 1 - 1z t�itr"�-''r,(:t{ A1lSUBAIN�ni�- ! r ntrz r rrl ,t wn rrr'!iC a ray \\lp + ttsr t.r f fns R r.1 .�' ' E** Av)v! 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A A r `� sem!�A ►ti a T r 'o ` 7U q 41 .21 A.k M ;` ..ram, "'n4��iSWb'(177(Mrrii .j It ISI =II's r �,q 03 �i EGASQ i'rs �ONM wy« ��b:. alt ..3• ' �fASJ - U� C(hitA k ��+�+. p /C 4 pV yt.a 7 04a y r Ek lyr�r>.r*r p�t ra0�ri'YG A L'®"r r7rr•#i SpS r N�, u!2 �•rrrl*laj�rttrr ��@t\we,`�}Zc. .-,�{�: i,r:Ir �+� ,�� u J t /��3' j � � " �� ..ri� """5ti aF 111.6 r-•,,- i o � rS� �M �O City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved As Amended on 9119/2017 - Ordinance Nos. 22902-09-2017, 22903-09-2017 & 22904-09-2017 4 CONTINUED FROM A PREVIOUS WEEK DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-375 LOG NAME: 03PBD PID8FY18 SUBJECT: Conduct Public Benefit Hearing for Public Improvement District 8, Camp Bowie PID, Approve Fiscal Year 2017-2018 Budget and Five-Year Service Plan in the Amount of$694-539500,040.00, Approve Tax Year 2017 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at a Rate of $0.10 Per Each $100.00 of Property Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 8 - Camp Bowie Fund in the Amount of IQ,5541 Adopt Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 8 -Camp Bowie Fund in the Amount of$85;023126,963.00 and Reducing the Unaudited, Unassigned Fund Balance by the Same Amount, and Authorize Execution of an Agreement with Camp Bowie District, Inc., in the Amount of$95;93871,057.00 to Manage the District (COUNCIL DISTRICTS 3 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 8, Camp Bowie Public Improvement District for the 2017 tax year; 2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Camp Bowie Public Improvement District in the amount of$604,539500,040.00; 3. Approve the Tax Year 2017 Assessment Roll for the Camp Bowie Public Improvement District, on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments only on the property located) East of Irene Street in the Camp Bowie Public Improvement District for the 2017 tax year at a rate of $0.10 per each $100.00 of property value; 5. Adopt the attached ordinance increasing estimated receipts and appropriations if i the Fort',North Public Improvement District 8 - Camp Bowie Fund in the amount of$519,516.00. 373,077 from availablefu anticipated revenues; 6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 8 - Camp Bowie Fund in the amount of $85,023126,963.00 and reducing the unaudited, unassigned fund balance by the same amount; and 7. Authorize the execution of an Agreement with Camp Bowie District, Inc., in the amount of $95,93871,057.00 to provide management and improvement services for the Camp Bowie Public Logname: 03PBD PID8FY18 Page I of 3 Improvement District during Fiscal Year 2017-2018. DISCUSSION: On December 16, 2008, Mayor and Council Communication (M&C G-16380) the City Council adopted Resolution No. 3697-12-2008 re-establishing Public Improvement District 8 (Camp Bowie 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 PID and the proposed assessments to be levied on each property in the PID for the 2017 tax year. Following the public hearing, it is recommended that the City Council approve the 2017 Tax Roll for the Camp Bowie PID, approve the attached Budget and Five-Year Service Plan of the Camp Bowie PID, adopt the attached ordinance levying the proposed assessments only on property within the Camp Bowie PID located East of Irene Street, and adopt the attached ordinances increasing estimated receipts and appropriations to the Fort Worth Public Improvement District 8— Camp Bowie Fund. On August 29, 2017, (M&C BH-361) 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 Camp Bowie PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Camp Bowie PID, in accordance with state law. The Fiscal year 2017-2018 Budget allocates a fair and reasonable portion of the remaining fund balance to the Non-Assessed Westside to be used for landscape maintenance and/or security. The improvements and services to be provided in the Camp Bowie PID and the costs thereof are as follows: Improvements r Total Budgeted Costs Assessed Eastside Management Fee I7 X00 71,057.00 Landscape Management $ 220,000.00 146,756.00 Utilities $ 31,000.00 Beautification $ 761. __1 170,817.00 FCommunications/Marketing $ 60;000:-09 17,000.00 Insurance Is 6,700.00 [Audit $ 6,000.00 City Administration Fee $ 8,770.00 Non-Assessed Westside Bed and Tree Maintenance at Loop 820 and/or $ 41,940.00 Security [Total Expenses �8 500,040.00 The total budgeted costs of the improvements and services are in the amount of$604,539500,404.00. Of this amount, $474,692355,286.00 will be funded by assessments collected on privately owned parcels Logname: 03PBD PID8FY18 Page 2 of 3 located in the district Assessed Eastside by applying a rate of $0.10 cents to each $100.00 of property value for commercial property. An amount equal to $85,023 126,963.00 will be funded by a transfer from unaudited, unassigned fund balance, with $41,940.00 to be set aside for use within the Non-Assesed Westside and $85,023.00 for use within the Assessed Eastside. The remainder of the costs for the Assessed Eastside in the amount of ;$ 417,791.00 will be funded by direct payment from the City for Payment In-Lieu of Services. The Camp Bowie PID is located in COUNCIL DISTRICTS 3 and 7. FISCAL INFORMATION /CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2016-2017 Budget by the City Council, funds will be available in the Fiscal Year 2017 operating budget, as appropriated, of the Fort Worth Public Improvement District 8 - Camp Bowie Fund. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project JProgram ctivity Budget Reference # mount ID ID Year Chartfield 2 FROM Fund, Department ccoun Project JProgram ctivity Budget Reference # moun I i 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 PID8FYI8 Page 3 of 3