HomeMy WebLinkAboutOrdinance 23331-08-2018 Ordinance No. 23331-08-2018
AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE FISCAL YEAR 2018-2019 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6—
PARK GLEN FUND IN THE AMOUNT OF$1,774,599.00, FROM AVAILABLE FUNDS,AND
(2) INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF $137,058.00
AND REDUCING FUND BALANCE BY THE SAME AMOUNT, CONTINGENT UPON THE
ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2018
TAX YEAR, FOR THE PURPOSE OF PROVIDING IMPROVEMENTS AND SERVICES
FOR PUBLIC IMPROVEMENT DISTRICT 6— PARK GLEN DURING FISCAL YEAR 2018-
2019; 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 2018-2019 in the
Budget of the City Manager, there shall also be (1) increased estimated receipts and appropriations in the
Fiscal Year 2018-2019 Fort Worth Public Improvement District 6—Park Glen Fund ("Fund") in the amount of
$1,774,599.00, from available funds, and (2) increased appropriations in the Fund in the amount of
$137,058.00 and reducing fund balance by the same amount, contingent upon the adoption of the ordinance
levying special assessments for the 2018 Tax Year, for the purpose of providing improvements and services
for the Public Improvement District 6—Park Glen during Fiscal Year 2018-2019.
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 orjudgment 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, 2018, and ending September 30,
2019, 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 SECRETARY
Tyle E. Wallach Mary J. Kayse
Senior Assistant City Attorney
ADOPTE4 D EFFECTIVE: August 21, 2018
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FORTWORTH, Park Glen Public Improvement District
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LEGEND
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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
Five Year Service Plan
Public Improvement District No.6-Fort Worth
FY18119 FY19120 FY20121 FY21122 FY22123
REVENUES
PID Assessments $1,575,043 $1,542,810 $1,542,810 $1,542,810 $1,542,810
COFW Payment in lieu of Services 199,556 199,556 199,556 199,556 199,556
Budget Revenues $1,774,599 $1,742,366 $1,742,366 $1,742,366 $1,742,366
Use of Fund Balance 137,058
Total Revenues $1,911,657 $1,742,366 $1,742,366 $1,742,366 $1,742,366
EXPENSES
Management Fee 127,924 127,924 127,924 127,924 127,924
Utilities 193,000 193,000 193,000 193,000 193,000
Landscaping 756,172 695,700 695,700 695,700 695,700
Common Area Maintenance 255,160 200,000 200,000 200,000 200,000
Holiday Decoration 19,000 20,000 20,000 20,000 20,000
Security Enhancements 161,000 161,000 161,000 161,000 161,000
Communications 6,909 6,909 6,909 6,909 6,909
Public Events 32,200 32,200 32,200 32,200 32,200
Capital Improvements 295,700 241,041 241,041 241,041 241,041
Insurance 24,000 24,000 24,000 24,000 24,000
Annual Review 5,100 5,100 5,100 5,100 5,100
City Administrative Fee 35,492 35,492 35,492 35,492 35,492
Budget Expenses 1,911,657 1,742,366 1,742,366 1,742,366 1,742,366
Contribution to Fund Balance - - - - -
Total Expenses $1,911,657 $1,742,366 $1,742,366 $1,742,366 $1,742,366
$.165 Residential
$.035 Commercial
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 8/21/2018 -Ordinance Nos. 23330-08-2018 &-23331-08-
2018 23331-082018
DATE: Tuesday, August 21, 2018 REFERENCE NO.: BH-388
LOG NAME: 13FMS PID06FY19
SUBJECT:
Conduct Public Benefit Hearing for Public Improvement District 6- Park Glen, Approve Fiscal Year 2018-
2019 Budget and Five-Year Service Plan in the Amount of$1,911,657.00, Approve Tax Year 2018
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2018 Tax Year at a Rate of
$0.165 Per Each $100.00 of Residential Property Value and $0.035 Per Each $100.00 of Commercial
Property Value, Adopt Ordinance (1) Increasing Estimated Receipts and Appropriations in the Fort Worth
Public Improvement District 6 - Park Glen Fund in the Amount of$1,774,599.00, from Available Funds, and
(2) Increasing Appropriations in that Fund in the Amount of$137,058.00 and Reducing Fund Balance by
the same Amount, and Authorize Execution of Agreement with FirstService Residential Texas, Inc. in the
Amount of$127,924.00 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 for the 2018 tax year;
2. Approve the attached Fiscal Year 2018-2019 Budget and Five-Year Service Plan for Public
Improvement District 6 - Park Glen in the amount of$1,911,657.00;
3. Approve the Tax Year 2018 Assessment Roll for Public Improvement District 6 - Park Glen, on file with
the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Public
Improvement District 6 - Park Glen for the 2018 tax year at the rates of$0.165 per each $100.00
of residential property value and $0.035 per each $100.00 of commercial property value;
5. Adopt the attached ordinance (1) increasing estimated receipts and appropriations in the Fort Worth
Public Improvement District 6— Park Glen Fund ("Fund") in the amount of$1,774,599.00, from available
funds, and (2) increasing appropriations in the Fund in the amount of$137,058.00 and reducing fund
balance by the same amount; and
6. Authorize the execution of an Agreement with FirstService Residential Texas, Inc., in the amount of
$127,924.00 to provide management of the improvements and services for Public Improvement District 6 -
Park Glen during Fiscal Year 2018-2019.
DISCUSSION:
On September 29, 1998, the City Council adopted Resolution No. 2453 establishing Public Improvement
Logname: 13FMS PID06FY19 Page 1 of 3
District 6 - Park Glen (Park Glen PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2018-2019 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 2018 tax year. Following the public hearing, it is
recommended that the City Council take the following actions: (a) approve the attached Budget and Five-
Year Service Plan; (b) approve the 2018 Tax Roll that is on file with the City Secretary, and (c) adopt the
attached ordinances levying the special assessments and appropriating funds.
The improvements and services to be provided in the Park Glen PID during the 2018-2019 Fiscal Year
and the costs thereof are as follows:
Improvements ITotal Budgeted Costs
Management Fee F 127,924.00
Utilities 1 $ 193,000.00
Landscape Maintenance I $ 756,172.00
Common Area Maintenance $ 255,160.00
Holiday Decorations $ 19,000.00
Security Enhancements -�$ 0® 161,000.00
Communications/Newsletters $ 6,909.00
Public Events $ -� 32,200.00
Capital improvements $ _2_95,700.00
Insurance _F_$ 24,000.00
[Annual Review F$ 5,100.00
City Administration Fee F$ 35,492.00
Total Expenses 1,911,657.00
The total budgeted costs of the improvements and services are in the amount of$1,911,657.00. Of this
amount, $1,575,043.00 will be funded by assessments collected on privately owned parcels located in the
Park Glen PID by applying a rate of$0.165 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$336,614.00 will be funded by other revenue sources including: (a)
$199,556.00 in direct payments from the City for Payment-in-Lieu of Services and (b) $137,058.00
transferred from the unaudited, unassigned fund balance.
For Fiscal Year 2018 (tax year 2017) the City Council levied an assessment rate of$0.175 cents for each
$100.00 of property value for residential property and $0.035 cents for each $100.00 of property value for
commercial property. The Park Glen PID experienced growth in net taxable value equal to 9.9%, or
$88,702,233.00 allowing the residential assessment rate to be reduced by $0.01. Thus, the recommended
Fiscal Year 2019 (tax year 2018) assessment rate is $0.165 for residential and $0.035 for commercial per
each $100.00 of property value. Even with the lower assessment rate, revenue growth year-over-year is
$30,933.00 or 2.0%.
On August 14, 2018, the City Council conducted a public hearing to receive comments on the proposed
2018-2019 Fiscal Year Budget, Five-Year Service Plan, and 2018 Assessments for the Park Glen PID
(M&C BH 383). Notice of the August 14, 2018 benefit hearing and this hearing were published in the Fort
Worth Star- Telegram on July 21, 2018 and mailed to all record owners of property in the Park Glen PID
on July 20, 2018, in accordance with state law. Included within those notices was a draft of the Fiscal
Year 2019 budget of$1,906,917.00. This amount was estimated based upon non-certified values received
from the Tarrant Appraisal District. On July 23, 2018, the City received certified values for PID 6 and as
Logname: 13FMS PID06FY19 Page 2 of 3
such, has finalized the Fiscal Year 2018-2019 budget in the amounts shown.
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 2018-2019 Budget by the City Council, funds will be available in the Fiscal Year 2019
operating budget, as appropriated, of the Fort Worth Public Improvement District 6 - Park Glen Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # moun
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 by: Susan Alanis (8180)
Originating Department Head: Aaron Bovos (8517)
Additional Information Contact: Angela Estrada (8511)
Logname: 13FMS PID06FY19 Page 3 of 3