HomeMy WebLinkAboutResolution 2456A Resolution ~~a~~-xjon ~~~~~~
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ESTABLISHING FORT WORTH PUBLIC IIVIPROVEMENT DISTRICT
NO. 6 AND TAKING CERTAIN OTHER ACTIONS CONCERNING THE
DISTRICT
WHEREAS, on July 14, 1998, a petition for the creation of Fort Worth Public
Improvement District No. 6 was filed with the City Secretary of the City of Fort Worth, and
WHEREAS, on August 25 1998, the City Council found and determined that the petition
included sufficient signatures and met other requirements of Section 372.005 of the Public
Improvement District 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 in accordance with state law• and
WHEREAS, the City Council opened. the public hearing at its meeting on September 15
1998, and
WHEREAS, at said meeting the City Council voted to continue the public hearing and
further action on September 22, 1998, and
WHEREAS, at its regular meeting commencing at 10.00 a.m. on September 22, 1998, the
City Council continued the public hearing concerning the following matters:
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a. the advisability of establishing a public improvement district;
b. the advisability of dissolving the existing Public Improvement Districts 2•and 4,
c. the general nature of the proposed improvements and services to be provided in
1998-1999•
d. the estunated costs of the proposed improvements and/or supplemental services to
be provided in 1998-1999•
e. the boundaries of the improvement district;
f. the proposed method of assessment; and
g. the proposed apportionment of costs between the improvement district and the
municipality as a whole; and
WHEREAS, the City Council closed such public hearing on September 22, 1998,
CITY OF FORT WORTH
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCl1. OF THE
CITY OF FORT WORTH, TEXAS:
Section 1 The City Council, after duly considering the evidence and testimony presented
at the public hearing on September 22, 1998, hereby makes the following findings:
a. It is advisable to establish a public improvement district under the Act, which
district shall be known as the Fort Worth Public Improvement District No. 6 (PID
6).
b. It is advisable to dissolve the existing Public Improvement Districts 2 and 4 and to
transfer all assets, responsibilities and obligations from these two districts to the new
PID 6.
c. It is advisable to authorize the City of Fort Worth to exercise the powers granted by
the Public Improvement District Assessment Act in connection with the
establishment of a public improvement distnct, including utilizing the district to
reimburse costs related to establishing the district, and to undertake improvement
projects and/or services that confer a special benefit on property in the district and
the levying and collecting of special assessments on property in the district, 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 district.
e. The general nature of the special supplemental service to be provided by the district
shall include:
Provide supplemental services that aze aesthetic in nature that
enhance the lifestyle, secprity enjoyment and property values within
the district including maintenance of landscaping and special fencing
in and along boulevazds, parks and open spaces and include those
services currently performed by Fort Worth Public Improvement
Districts 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 fiunish or pay 'for the standazd services in the District at the same
level as they would be provided for the taxpayers generally
CITY OF FORT WORTH
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f. The estimated cost of the supplemental services for the proposed District during
the first year of operation, as specified within the revised proposed budget and
service plan, will total approximately $ ~~ ~ 6~6 This total includes
payments for professional services of a management company to contract for
supplemental services, city administration costs, miscellaneous expenses and a
reserve for uncollected assessments. The revised budget and service plan for the
first year is attached as Exhibit A and made a part of this document, and is
hereby approved by the Fort Worth City 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 during the first year of operation of
the district shall be provided for the period from October 1 1998 to September 30,
1999
h. The description of the revised boundaries of the Distract is attached as Exhibit `B"
and made a part of this document.
i. The method of assessment is as follows:
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(1) The Service Plan will be approved and adopted by the City Council for a
period 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 vinthin the District.
(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 in the district including unprovements will not exceed
21 ¢ per $100 of value of such property as determined by the City Council.
Provided however, the property owners in the subdivisions of Park Bend and
Summerbrook will not be subject to an assessment for the first year
commencing October 1998 ending September 1999 The property owners in
these two subdivisions shall be subject to assessment according to the
District's service plan and budget starting October 1999
CITY OF FORT WORTH
The apportionment of costs between the improvement district and the City as a
whole shall be:
(1) The cost of the improvements and/or special services will be paid from
special assessments levied against property within the District in accordance
with assessment methodology described above.
(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 in the District because
of the improvements and/or services will be greater than the amount of the
assessment against such tract and the owners thereof.
1. The management structure is that the city will contract with Principal Management
Group, and all services to be provided in 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 pehhon the City Council
to re-establish the Distract, or unless the Distract is sooner terminated as provided by
law
Section 2. The City Secretary is hereby directed to give notice of authorization for the
Distract to provide improvements and/or services during 1998-1999 by publishing a copy of this
Resolution once in a newspaper of general circulation in 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 //~~
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~~ Mayor
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CITY OF FORT WORTH
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FORT WORTH IMPROVEMENT DISTRICT /!8
REVISED FIVE YEAR SERVICE PLAN
(Updated September 24, 1998)
FY 98/99 FY 99/00 FY 00/01 FY 01/02 FY 02/03
REVENUE PROJECTS
Assessment Revenues 583,486 607 581 631 500 644 500 658,600
City Reimbursement 79,170 81,170 82,170 82,170 82,170
Total Revenues 662,656 688,751 713,670 726,670 740,770
EXPENSE PROJECTIONS
City Administration 10,000 10,000 10 000 10,000 10,000
Security Patrols 84 160 84 160 84 160 84 160 84 160
Turf & Tree Cultivation, Mowing, Edging,
Irrigation Checks, and Bed Maintenance 285,000 307,220 312,780 320 000 328,000
Irrigation Repairs 24 000 26 500 26 500 26,500 26,500
Plant Material Replacement 9 500 13 740 14 107 14 475 15 475
Fence Painting & Repairs 23,000 23 000 23,000 23 000 23,000
Ground Lighting Maintenance 2,000 2,000 2,000 2,000 2,000
Holiday Lighting 17 953 8 618 14 500 8,936 15,000
Trash Pick-up & Rough Mowing 45,000 48,000 48,195 49 500 50,800
Water 80,000 80 000 80,000 80,000 80 000
Electricity 8,800 8,926 9 186 9 447 9 600
SUB-TOTAL MAINTENANCE 8~ SECURITY 579,413 602,164 614 428 618,018 634 535
Replacement Reserve 5,200 5 145 10,855 19 196 12,711
PID Manager 27 000 27 810 28,645 29 504 30 389
Landscape Manager
Park Bend Homeowners Assoc. ($10/lot per yr) 1 700 2,100 2,800 2,800
Park Place Homeowners Assoc. ($10/lot per yr) 2,500 2,500 2,500 2,500 2,500
Summerbrook Homeowners Assoc. ($10/lot per yr 500 500 500 500
Parkway Homeowners Assoc. ($10/lot per yr) 500 1 000 1 500 1 500 2,100
Park Glen N. Assoc. ($10/lot per yr) 22,600 25 570 25 570 26,350 28 800
Insurance 3,100 3,162 3,225 3,290 3,356
Professional Services 8,000 8,000 8,000 8,000 8,000
Contingency 4 343 1,200 6,347 5 012 5 079
SUB-TOTAL MGMT & MISC SERVICES 73,243 76 587 89,242 98 652 96,235
TOTAL EXPENSES 662,656 688,751 713 670 726,670 740,770
LESS CITY REIMBURSEMENT 79,170 81,170 8( 2,170) 82( ,170) 8( 2,170)
NET EXPENSE FOR ASSESSMENT 583,486 607,581 631,500 644,500 858,600
(98/99 PID f{8 Capital Improvement Commitme nt along Prewett Road ;80,000)
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Assessment Rate per;100 of Assessed Value 0.21 0.21 0.2 0.195 0.195
Typical Assessment for Home cLD $ 90,000 $189 00 $189.00 $180.00 $175.50 $175 50
Typical Assessment for Home ~ $100,000 $210.00 $210.00 $200.00 $195.00 $195 00
Typical Assessment for Home ~ $110,000 $231 00 $231 00 $220.00 $214 50 $214 50
Typical Assessment for Home @ $120,000 $252.00 $252.00 $240.00 $234 00 $234 00
Typical Assessment for Home @ $130 000 $273.00 $273.00 $260.00 $253.50 $253.50
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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/ParkBmd, 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 dust 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 dust
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 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, Eli 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/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.
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EXHIBIT
$vmaad q:
Pazk Glen Neighborhood AssocinHon
THE VILLAGES O F
Park ~~~~~ ~ V~ Glen
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P I D EXHIBIT
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P~~k fiend Estates
sots. t® b~ ex~9a~ded from
P~~fla~ I~pr®d~~~nt ~flst~-fl~t l~® 6
Orland Park Circle Block 2 Lots l tlv-u 19, Block 3 Lots I thni I4
Parkmount Drive Block 4 Lots 1 and 2 ONLY
Parkview Lane Block 1 Lots 1 tlu-u 17 Block 4 Lots 23 tlu-u 32
Encompasses Developer's Please 1 of Park Bend Estates