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Home My WebLink AboutResolution 2453A Resolution ~~~~~~~ ~~S®f~t~~~~ ~o..~. ESTABLISHING FORT WORTH IMPROVEMENT DISTRICT NO 6 AND TAHING CERTAIN OTHER ACTIONS CONCERNING THE DISTRICT WHEREAS, on July 14 1998, petitions for creation of the Fort Worth Improvement District No. 6 were filed with the City Secretary of the City of Fort Worth, and WHEREAS, on August 25 1998, the City Council found and determined such petitions included sufficient signatures and met other requirements of Section 372.002 and 372.005 of the Public Improvement Distract Assessment Act (V T C.A., Local Government Code, Section 372.001 et seq) (the Act"); and WHEREAS, the City Secretary of the City of Fort Worth gave notice of the September 15 1998, public hearing m accordance with state law• and WHEREAS, the City Council voted to continue the public hearang and further action until September 22, 1998 and WHEREAS, at 10.00 a.m. on September 22, 1998, the City Council held a public hearing concerning the following matters: a. the advisability of establishing a public improvement distract; b. the advisability of dissolving the existing Public Improvement Distracts 2 and 4 c. the general nature of the proposed improvements and services to be provided m 1998-1999• d. the estimated costs of the proposed improvements and/or supplemental services to be provided m 1998-1999• e. the boundaries of the improvement distract; f. the proposed method of assessment; and g. the proposed apportionment of costs between the improvement distract and the municipality as a whole; and WHEREAS, the City Council adjourned such public heanng; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS Section 1 The City Council, after duly considering the evidence and testimony presented at the public heanng on September 22, 1998, hereby makes the following findings: CYTY OF FORT WORTH a. It is advisable to establish a public improvement distract under the Act, which distract shall be known as the Fort Worth Public Improvement Distract No 6 (PID 6). b It is advisable to dissolve the existing Public Improvement Distracts 2 and 4 and to transfer all. assets, responsibilities and obligations from these two distracts to the new PID 6 c. It is advisable to authoraze the City of Fort Worth to exercise the powers granted by the Public Improvement Distract Assessment Act in connection with the establishment of a public improvement distract, mcludmg utilizing the distract to reimburse costs related to establishing the distract, and to undertake improvement projects and/or services that confer a special benefit on property in the distract and the levying and collecting of special assessments on property m the distract, based on the benefit conferred by the improvement projects and/or services. d. It is advisable for special supplemental services to be undertaken and provided by the distract. e. The general nature of the special supplemental service to be provided by the district shall include: Provide supplemental services that are aesthetic m nature that enhance the lifestyle, security enjoyment and property values within the distract mcludmg maintenance of landscaping and special fencing m and along boulevards, parks and open spaces and include those services currently performed by Fort Worth Public Improvement Distracts 2 and 4 The proposed special supplemental services would be a supplement to the standard existing level of city improvements and/or services and would constitute an added increment to the services normally provided to the taxpayers generally The City will continue to furnish or pay for the standard services in the Distract at the same level as they would be provided for the taxpayers generally f. The estimated cost of the supplemental services for the proposed Distract during the first year of operation, as specified within the proposed budget and service plan, will total approximately $678,656.00 This total includes payments for professional services of a management company to contract for supplemental services, city admimstration costs, miscellaneous expenses and a reserve for uncollected assessments. The attached budget and service plan (Exhibit A') for the first year was submitted to all property o~.vners and is hereby approved by the Fort Worth City CITY OF FORT WORTI3 Council. The total costs of this project will be paid from assessments. Subsequent years' budgets will be reviewed and approved by City Council annually g. The cost of improvements and/or services shall be determined in accordance with the approved budget and service plan. Services dunng the first year of operation of the district shall be provided for the penod from October 1 1998 to September 30 1999 h. The boundaries of the Distract are shown on the map on file in the Office of the City Secretary i. The method of assessment is as follows. (1) The Service Plan will be approved and adopted by the City Council for a penod of not less than five (5) years. The Service Plan will be reviewed and updated annually by the City Council to determine the annual budget for special supplemental services within the Distract. (2) The cost of the special supplemental services will be assessed against real property within the District according to the value of the property including improvements, as determined annually by the City Council (3) During the initial two-year term of the District, the annual assessments against real property m the distract including improvements will not exceed ~.f 21 ¢ per $100 of value of such property as determined by the,City~Council;~, ~ The apportionment of costs between the improvement distrac# end the City as a whole shall be: = ~, r" -k "' •; (1) The cost of the improvements and/or special services~wii-1 be pad from special assessments levied against propertywitlun the Distrir ~fn-aceoYda nc~e with assessment methodology described above. `~~~~ : ~,~z~~`~' (2) The City Council will be authorized to establish by ordinance reasonable classifications and formulas for the apportionment of cost between the City and the property to be assessed and to establish the methods for assessing special benefits for various classes of improvements and/or special supplemental services. k. The probable maximum benefits to be conferred on each tract m the Distract because of the improvements and/or services will be greater than the amount of the assessment against such tract and the owners thereof. CITY OF FORT WORTI3 1. The management structure is that the city will contract with Principal Management Group, and all services to be provided m the District will be provided by Principal Management Group. m. The District will be created immediately following adoption of this Resolution and continue to exist unless the property owners in the District petition the City Council to re-establish the District, or unless the District is sooner terminated as provided by law Section 2. The City Secretary is hereby directed to give notice of authorization for the District to provide improvements and/or services during 1998-1999 by publishing a copy of this Resolution once m a newspaper of general circulation m the City of Fort Worth. Section 3 The District shall be a complete alternative to other methods by which the City of Fort Worth may finance public improvements and/or special supplemental services by assessing property owners. ADOPTED this 22nd day of September 1998 c~~~ Mayor CITY OF FORT WORTH ,~, Property Description of Public Improvement Distract Number 6. The proposed PID #6 is compromised of the existing PID #2 area and PID #4 area and 4 additional properties( Parkway Addition, Farrar property Hillwood Development Corporation sNon-PID tract, and the Park Place/Pazk Bend/Summerbrook area bounded by Prewett road, North Beach Street, and PID #2 and PID #4). These properties are further defined below Existing PID #2 area includes: Pazk Glen'Addition Phase 1 Phase 2, Phase 3 Phase 4 and Phase 5. It also includes the Multi-family tract owned by Hillwood Development that is located just west of Umon Pacific Railroad and south of Basswood Blvd. It also includes the retail tracts located at the intersection of Park Vista Blvd. and Basswood Blvd. Existing PID #4 area includes Park Glen Addition Phase 6, Phase 7 Phase 8, Phase 9 Phase 10 Phase 11 and Phase 12. It also includes the Multi-family tract owned by Hillwood Development that is • located just East of Teal Drive and South of Basswood Blvd. It also includes the Continental Homes (Sheffield Development) addition on the South end of Teal Drive. PID #4 includes a ma~onty of the existing Arcadia Park system. Additional properties 1) Parkway Addition as being developed by 360 Parkway Ltd. (Tim Fleet et al) and ---- is located to the North East of the Park Glen Neighborhood. All residential tracts • and the proposed park tract. A detailed description of the residential tracts is provided and attached to this document. 2) Farrar property is located~ust west of the North end of Park Vista Blvd and South of the North Tarrant Parkway (TAD Acctno. 06933998) The legal description is as follows: 501 Ray White RD Shnver Eli W Survey A 1455 Tract 3A02 • 3) Hillwood Development Corporation sNon-PID tract is located~ust East of North Beach Street and South of North Tarrant Parkway The legal description (TAD Acctno. 03894045) is as follows: $200 North Beach St. Green, Phillip Survey A566 Tract 1 4} The Park Placel Park Bend I Summerbrook area is a rectangular section of land that is bounded by North Beach Street on the West, Prewett Road on the South, and PID #2 and PID #4 on the South, East and North borders. The area includes: Pazk Place Addition Park Bend Addition Summerbrook Addition Deakins Residence and Commercial Tract North of Prewett Rd. and East of North Beach St. A nearly complete listing of all properties in this azea is provided in an excel spreadsheet that indicates which properties have signed a PID #6 Petition. I f ~~1. ~~~: Park Glen Neigbborbood AseoetaNon THE VILLAGES OF Pa.~k~:~ .~-: ~~~~~~~ ~~ . P I D EXHIBIT FORT WORTH IMPROVEMENT DISTRICT NO 6 FIVE YEAR SERVICE PLAN (Updated Aug. 19, 1998) ~ FY 98/99 FY 99/00 FY 00101 FY 01102 FY 02/03 REVENUE PROJECTIONS Assessment Revenues 599 486 628 400 648 000 650 800 662,500 City Reimbursement 79,170 81,17Q 82,170 82,170 82,170 Total Revenues 678,656 709 570 730' 170 732,970 744,670 EXPENSE PROJECTIONS City Administration Security Patrols Turf & Tree Cultivation Mowing Edging Irrigation Checks, and Bed Maintenance Irrigation Repairs Plant Material Replacement Fence Painting & Repairs Ground Lighting Maintenance Holiday Lighting • Trash Pick-up & Rough Mowing Water Electricity SUB-TOTAL MAINTENANCE & SECURITY Replacement Reserve PID Manager Landscape Manager w Park Bend Homeowners Assoc. ($10/lot per yr) Park Place Homeowners Assoc. ($10/lot per yr) Summerbrook Homeowners Assoc. ($10/lot per yr) Parkway Homeowners Assoc. ($10/lot per yr) Park Glen N Assoc. ($1011ot per yr) Insurance Professional Services • Contingency SUB-TOTAL MGMT & MISC SERVICES TOTAL EXPENSES LESS CITY REIMBURSEMENT NET EXPENSE FOR ASSESSMENT Assessment Rate per $100 of Assessed Value Typical Assessment for Home @ $ 90 000 Typical Assessment for Home @ $ 100 000 Typical Assessment for Home @ $ 110 000 Typical Assessment for Home @ $ 120 000 Typical Assessment for Home @ $ 130 000 i 10 000 84 160 ~ 288 000 26 500 11 500 23 000 2,000 17 953 47 000 80 000 8 800 588 913 1 o a00 27 000 1,200 2,500 500 500 22,600 3 100 8 000 4 343 79 743 678 656 7( 9,170) 599,486 0.21 $ 189 00 $ 210 00 $ 231 00 $ 252.00 $ 273 00 10 000 10 000 10 000 10 000 84160 84160 84160 84160 315 520 315 780 320 000 329 000 26 500 26 500 26 500 26 500 13 740 14 107 14 475 15 475 23 000 23 000 23 000 23 000 2,000 2,000 2 000 2,000 8 618 14,500 8 936 15 000 48 000 48 195 49 500 50 800 80 000 80 000 80 000 80 000 8 926 9 186 9 447 9 600 610 464 617 428 618 018 635 535 10 000 14 000 16 000 19 000 33 000 39 000 39 000 27 000 1700 2,100 2,800 2,800 2 500 2,500 2 500 2,500 500 500 500 500 1000 1500 1500 2100 25 570 25 570 26 350 28 800 3 162 3,225 3,290 3 356 8 000 8 000 8 000 8 000 3 674 6 347 5 012 5 079 89 106 102 742 104 952 99 135 709 570 730 170 732,970 744 670 81,170 8( 2,170) 8( 2,170) 8( 2,170) 628 400 648,000 650,800 662,500 0.21 0.2 0 195 0 195 $ 189 00 $ 180 00 $ 175 50 $175 50 $ 210 00 $ 200 00 $ 195 00 $195 00 $ 231 00 $ 220 00 $ 214 50 $ 214 50 $ 252 00 $ 240 00 $ 234 00 $ 234 00 $ 273 00 $ 260 00 $ 253 50 $ 253 50 i EXHIBIT B.1 Property Description For Revised Public Improvement District Number 6 The proposed PID #6 is comprised of the existing PID #2 area and PID #4 area and 4 additional properties (Parkway Addition, Farrar property and Hillwood Development Corporation snon- PID tract, and the Park Place/Summerbrook/ParkBerid, excluding Park Bend Blocks 1 2, 3 and 4 The Park Bend excluded area is bounded by North Beach Street on the west, Park Bend Block 2 on the north, Blake Lane on the east, Park Downs Drive on the southeast, and Park Bend Block 1 on the south. Existing PID #2 area includes. Park Glen Addition Phase 1 Phase 2, Phase 3 Phase 4 and Phase 5 It also includes the • Multi family tract owned by Hillwood Development that is located Lust west of Umon Pacific Railroad and south of Basswood Blvd. It also includes the retail tracts located at the intersection of Park Vista Blvd. and Basswood Blvd. Existing PID #4 area includes Park Glen Addition Phase 6, Phase 7 Phase 8, Phase 9 Phase 10 Phase 11 and Phase 12 It also includes the iVlulti family tract owned by Hillwood Development that is located~ust east of Teal Drive and south of Basswood Blvd. It also includes the Continental Homes (Sheffield Development) addition on the south end of Teal Drive. PID #4 includes a majority of the existing Arcadia Park system. Additional properties . 1 Parkway Addition as being developed by 360 Parkway Ltd. (Tim Fleet et al) and is located to the northeast of the Park Glen neighborhood. All residential tracts and the proposed park tract. 2. Farrar property is located dust west of the north end of Park Vista Blvd. and south of the North Tarrant Parkway (TAD account number 06933998). The legal description is 501 Ray White. Road, Eh W Shiver Survey Abst. 1455 Tract 3A02. 3 Hillwood Development Corporation snon-PID tract is located dust east of North Beach Street and south of North Tarrant Parkway (TAD account number 03894045) The legal description is 8200 North Beach Street; Phillip Green Survey Abst. 566 Tract 1 4 The Park Place/SummerbrooklParkBerid, excluding Park Bend Blocks 1 2, 3 and 4 The Park Bend excluded area is bounded by North Beach Street on the west, Park Bend Block 2 on the north, Blake Lane on the east, Park Downs Drive on the southeast, and ~ Park Bend Block 1 on the south. r~ J • ~~ Exhabit ~.2 ,Y ;~~ , ~' wiy f( ~. e ~~... -- -- - {~1P ~~7•J i~} ti'~ r v ~ ~. 3',1 ~~ r ~' ~ ~I BIZ„ J s2 1 }w~-'.-r iil~}CW7'Pi~ -~i 1!t 4 oar s r,u„ ` S ~-- ~~-'~;Y•~... x~~~~ tit: 1lIL ~Lrr~~~~k~ Y k~"~ ~~~SU. jn ~r~.~~~ ~I,,,,s~~~-i,w~ IY Cif ~.p„t~~}iA,.rrti. Nl -~` ri4,RFCl, .'~~.SYT^.1~~~1'~J'J. ~'~'4~~-'~.'r~{p~I ~',~Se"'..4~' t"," r s~sc~~'w «si~~~>~I~~~~i~~FS~2}~ ~ i r-~"d t,~-~,k~...:. Crux ~.=,:f~t~"ti n°~.`i t~6; ~ Irl-x~3{ ~~1~.t7'£~"Y,~'~;~~~~~~^^^~sy.,`v7}'i.,(~+~lt~~I`~•c~utt~},~'. { j ~~)1 ~G ~~ L k r.~.;~~'~~ f 1 ~i`?T~,.~{_ 16- 5b+-'1' )~j7ti n F. 1 ~oT~ ~ -~~ 1 cs~ 4 iT y r'~rf •~ivi ~t.3~ '~,~r rani -? -~3,~i ~t~' s^kf.•. ~ -W~, ~fi ~~ y~„i ~.u rt. ~J t}l t ~y ~i \1 t fz1 ~ ~ '~•'~. k4 J;-aq+if3 1 ~~Sa+t;}'. __J i 0 :AO 1000 Ib00 QIMNIP 5^.•e IM iECT C PID #6 1 j1 1 1 J ~~ 1 I- $amad q: Park Glen Neighborhood AssocinHon THE VILLAGES 0 F Park~3a 1~4~C~len ~~ P i D EXHIBIT Orland Park Circle Paramount Court Parkmount Drive Park Downs Drive Par-kview Lane Park l~encl ~statcs Lois to ~e excluclecl from Publflc Ignprove~aeatt IDgstrecg No. 6 Block 2 Lots 1 thru 19 Block 3 Block 2 L- ots 20 thru 28 Block 2 Lots 29 tlu-u 38 Block 4 Block 4 Lots 19 thrn 23 Block 1 Lots 1 thrtr 17 Block 4 Exhibit B.3 Lots 1 thru 14 Lots 1 tlu-u 16 Lots 24 thru 32