HomeMy WebLinkAboutOrdinance 23349-08-2018 Ordinance No. 23349-08-2018
AN ORDINANCE (1) INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FISCAL YEAR 2018-2019 FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 7 — HERITAGE FUND IN THE AMOUNT OF $2,176,615.00,
FROM AVAILABLE FUNDS, AND (2) INCREASING APPROPRIATIONS IN THE FUND IN
THE AMOUNT OF $180,982.00 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
7- HERITAGE 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 7 — Heritage Fund ("Fund") in the amount of
$2,176,615.00, from available funds, and (2) increased appropriations in the Fund in the amount of
$180,982.00 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 improvement and services
for Public Improvement District 7—Heritage 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 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, 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 S4CRETARY
Tyler F. Walleekr" Mary J. Kays r
Senior-Assistant Cita Attorney
ADOPTEI .A1VD EFFECTIVE: August 21. 2018
FORTWORTHzt Heritage Public Improvement District
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COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION ISA 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.7-Fort Worth
FY18/19 FY19/20 FY20121 FY21/22 FY22123
REVENUES
PID Assessments 1,985,519 1,993,853 2,033,730 2,074,405 2,115,893
COFW Payment in lieu of Services 191,096 191,096 191,096 191,096 191,096
Budget Revenues 2,176,615 2,184,949 2,224,826 2,265,501 2,306,989
Use of Fund Balance 180,982
Total Revenues $2,357,597 $2,184,949 $2,224,826 $2,265,501 $2,306,989
EXPENDITURES
Management Fee 127,424 129,972 132,571 135,222 137,926
Utilities 283,000 288,660 294,433 300,322 306,328
Landscaping/Tree Maintenance 870,253 778,327 798,079 817,638 838,187
Common Area Maintenance 523,500 433,970 444,649 455,542 466,653
Holiday Lighting 28,500 28,500 28,500 29,070 29,070
Security Enhancements 75,000 75,000 75,000 75,000 75,000
Advertising 5,000 5,000 5,000 5,000 5,000
Public Events 85,000 85,000 85,000 85,000 85,000
Capital Improvements 300,000 300,000 300,000 300,000 300,000
Insurance 13,550 13,821 14,097 14,397 14,685
Annual Review 3,000 3,000 3,000 3,000 3,000
City Administrative Fee 43,370 43,699 44,497 45,310 46,140
Budget Expenses 2,357,597 2,184,949 2,224,826 2,265,501 2,306,989
Contribution to Fund Balance $ - $ - $ - $ - $ -
Total Expenses $ 2,357,597 $ 2,184,949 $ 2,224,826 $ 2,265,501 $ 2,306,989
Star Telegram, 2018-07-21 Cropped page Page: 7D
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 8/21/2018 - Ordinance No. 23332-08-2018 8123349-08-
2018
DATE: Tuesday, August 21, 2018 REFERENCE NO.: BH-389
LOG NAME: 13FMS PID07FY19
SUBJECT:
Conduct Public Benefit Hearing for Public Improvement District 7 - Heritage, Approve Fiscal Year 2018-
2019 Budget and Five-Year Service Plan in the Amount of$2,357,597.00, Approve Tax Year 2018
Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2018 Tax Year at a Rate of$0.20
Per Each $100.00 of Residential Property Value and $0.11 Per Each $100.00 of Commercial Property
Value, Adopt Ordinance (1) Increasing Estimated Receipts and Appropriations in the Fort Worth Public
Improvement District 7 - Heritage Fund in the Amount of$2,176,615.00, from Available Funds, and (2)
Increasing Appropriations in that Fund in the Amount of$180,982.00 and Reducing Fund Balance by the
same Amount, and Authorize Execution of Agreement with FirstService Residential Texas, Inc.., in the
Amount of$127,424.00 to Manage the District (COUNCIL DISTRICTS 4 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 7 - Heritage for the 2018 tax year;
2. Approve the attached Fiscal Year 2018-2019 Budget and Five-Year Service Plan for Public
Improvement District 7 - Heritage in the amount of$2,357,597.00;
3. Approve the Tax Year 2018 Assessment Roll for Public Improvement District 7 - Heritage , on file with
the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Public
Improvement District 7 - Heritage for the 2018 tax year at the rates of$0.20 per each $100.00 of
residential property value and $0.11 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 7— Heritage Fund ("Fund") in the amount of$2,176,615.00, from available
funds, and (2) increasing appropriations in the Fund in the amount of$180,982.00 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
$127,424.00 to provide management of the improvements and services for Public Improvement District 7 -
Heritage during Fiscal Year 2018-2019.
DISCUSSION:
On September 26, 2000, the City Council adopted Resolution No. 2675 establishing Fort Worth Public
Logname: 13FMS PID07FY19 Page I of 3
Improvement District No. 7 - Heritage (Heritage 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 Heritage PID and the proposed assessments to be levied
on each property in the Heritage 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 Assessment Roll; and (c) adopt the attached ordinances levying
the proposed assessments and appropriating funds.
The improvements and services to be provided in the Heritage PID during the 2018-2019 Fiscal Year and
the costs thereof are as follows:
j Improvements Total Budgeted Costs
(Management Fee $ 127,424.00
Utilities $ 283,000.00
Landscape Maintenance $ 870,253.00
--_�
Common Area Maintenancel--------
523,500.00
(Holiday Lighting $ 28,50_0.00
1S curity Enhancements ( $ 75,000.00
dvertisin
g $___.__ 5,000.00
Nblic
,000.00
Public Events $ _85,000.00
Capital Improvements $ _ 300,000.00
Insurance _ $ 13,550.00
(Annual Review $ 3,000.00
City Administration Fee � $ 43,370.00
Notal Expenses �$ 2,357,597.00
The total budgeted costs of the improvements are in the amount of$2,357,597.00. Of this amount,
$1,985,519.00 will be funded by assessments collected on privately owned parcels located in the Heritage
PID by applying a rate of$0.20 per each $100.00 of property value for residential property and $0.11 per
each $100.00 of property value for commercial property. The remainder of the costs in the amount of
$372,078.00 will be funded by other revenue sources including: (a) $191,096.00 in direct payments from
the City for Payment In-Lieu of Services, and (b) $180,982.00 transferred from the unaudited, unassigned
fund balance.
For Fiscal Year 2018 (tax year 2017), the City Council levied an assessment rate of$0.21 cents for each
$100.00 of property value for residential property and $0.11 cents for each $100.00 of property value for
commercial property. The Heritage PID experienced growth in net taxable value equal to 7.2%, or
$67,297,370.00 allowing for the residential assessment rate to be reduced by $0.01. Thus, the
recommended Fiscal Year 2019 (tax year 2018) recommended assessment rate is $0.20 per each
$100.00 of property value for residential property and $0.11 per each $100.00 of property value for
commercial property value. During FY2019, City staff will work with the affected property owners and
management company to identify specific purpose and capital improvement to be funded with the
accumulating fund balance.
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 Heritage PID
(M&C BH 384). 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 Heritage PID on
July 20, 2018, in accordance with state law. Included within those notices was a draft of the Fiscal Year
Logname: 13FMS PID07FY19 Page 2 of 3
2019 budget equaling $2,209,079.00. 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 the
Heritage PID and, as such, has finalized the Fiscal Year 2018-2019 budget in the amounts shown.
The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.
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 7 - Heritage Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # mount
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: Aaron Bovos (8517)
Additional Information Contact: Angela Estrada (8511)
Logname: 13FMS PID07FY19 Page 3 of 3