HomeMy WebLinkAboutOrdinance 19881-09-2011Ordinance No.19881 -09 -2011
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $26,260.00, FROM AVAILABLE
FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING
ASSESSMENTS, FOR ADMINISTRATIVE FEES FOR PUBLIC IMPROVEMENT
DISTRICT 7 DURING FISCAL YEAR 2011 -2012; 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in the amount of $26,260.00 from available funds, contingent upon the adoption of the
ordinance levying assessments for Fiscal Year 2011 -2012, for administrative fees for the Public
Improvement District 7 during Fiscal Year 2011 -2012.
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, 2011, and ending
September 30, 2012, 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hereby expressly repealed.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:
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 13, 2011
City of Fort Worth
PROPOSED BUDGET AND FIVE -YEAR SERVICE PLAN
Public Improvement District No. 7 - Heritage
FY11/12
FY12/13
FY13/14
FY14/15
FY15/16
REVENUES
PID Assessments
1,312,990
1,353,412
1,364,902
1,405,624
1,414,902
Builder Initiation Fee
15,000
10,000
7,000
183,022
5,000
183,022
3,000
183,022
City Payment In -lieu of Service:
183,022
450,000
183,022
392,202
387,727
388,530
396,435
Prior Year's Assessment
Total Revenues
$1,961,012
$ 1,938,636
$ 1,942,651
$ 1,982,176
$ 1,997,359
EXPENSES
Management Fee
161,317
163,366
165,328
165,961
166,924
Water
220,000
230,000
230,000
236,900
237,200
Utilities
26,000
26,000
26,443
27,176
27,976
Landscape/Tree Maintenance
664,953
667,252
667,550
667,624
669,000
Trash Removal
Fence Maintenance
35,185
33,000
33,000
33,000
53,000
Holiday Lighting /Decorations
30,000
30,000
30,000
29,000
29,000
50,000
Security Patrols
50,000
50,000
50,000
50,000
Communications /Newsletters
Marketing
Public Events
63,945
64,757
64,810
65,085
65,450
Capital Improvements
231,850
200,000
200,000
230,000
212,000
52,000
Common Area Maintenance
53,000
52,977
53,009
46,000
4,698
4,839
Insurance
Annual Review (Audit)
4,300
2,000
4,429
2,060
4,561
2,122
2,185
2,200
City Administrative Fee
26,260
27,068
27,298
28,112
28,298
Budget Expenses
$1,568,810
$ 1,550,909
$ 1,554,121
$ 1,585,741
$ 1,597,887
Estimated Operating Reserve
$ 392,202
$ 387,727
$ 388,530
$ 396,435
$ 399,472
Total Expenses
$1,961,012
$ 1,938,636
$ 1,942,651
$ 1,982,176
$ 1,997,359
City of Fort Worth, Texas
Mayor and Council Communication
LOG NAME: 17PID07BENHEAR2011
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage PID, Concerning Proposed
2011 -2012 Budget and Five -Year Service Plan and Proposed Assessment Roll, Authorize the Transfer of
$183,022.00 from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu
of Services, Adopt Ordinance Levying Special Assessments for the 2011 Tax Year, Adopt Appropriation
Ordinances to Increase Estimated Receipts in the Special Assessment District Fund and Special Trust
Fund for Fiscal Year 2011 -2012, and Authorize Execution of an Agreement with Premier Communities
Management Company to Manage the District (COUNCIL DISTRICT 2)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing concerning the proposed special assessments on property located in
Public Improvement District 7, Heritage PID for the 2011 tax year;
2. Approve the attached 2011 -2012 Fiscal Year budget and five -year service plan for the Heritage PID;
3. Adopt the attached ordinance levying special assessment on property in the Heritage PID subject to
assessment in the 2011 tax year;
4. Authorize the transfer of $183,022.00 from the General Fund to the Special Assessment District Fund
(Public Improvement District 7 Fiscal Year 2011 -2012 Project Account) for the City's payment in -lieu of
services;
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$1,496,012.00 in the Special Assessment District Fund (Public Improvement District 7 Fiscal Year 2011-
2012 Project Account) from available funds;
6. Authorize the transfer of $26,260.00 for administrative fees from the Special Assessment District Fund,
(Public Improvement District 7 Fiscal Year 2011 -2012 Project Account) to the Special Trust Fund
contingent upon the adoption of the attached ordinance levying assessments;
7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund by $26,260.00 from available funds; and
8. Authorize the execution of an agreement with Premier Communities Management Company to provide
management and improvement services for the Heritage PID during Fiscal Year 2011 -2012 for the sum of
$161,317.00.
Logname: 17PID07BENHEAR2011 Page 1 of 3
DISCUSSION:
On September 26, 2000, the City Council adopted Resolution No. 2675 (M &C G- 13021) establishing Fort
Worth Public Improvement District No. 7 (Heritage PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2011 -2012 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 2011 tax year. Following the public hearing, it is recommended that the City
Council approve the attached budget and five -year service plan of the PID, adopt the attached ordinance
levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated
receipts to the Heritage PID's fund.
On August 23, 2011, (M &C BH -263) the City Council conducted a public hearing to receive comments on
the proposed 2011 -2012 Fiscal Year budget and five -year service plan for the PID. Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Heritage PID in
accordance with State law.
The improvements and services to be provided in the PID during the 2011 -2012 Fiscal Year and the costs
thereof are:
Landscape /Tree
Maintenance
_ ........... _ �__�__ ___ _.__ ._.W.... . .
Fence Maintenance
.- ....................... _ ............... .... ...... ........................
Holiday
Lighting /Decorations
Security Patrols
Public Events
Capital Improvements
Common Area
Maintenance
Insurance
inual Review (Audit)
..._..___.._____..... ___. _._.
.
City Administrative Fee $26,260.00
Budget Expenses $1,568,810.00'
Estimated Operating $392,202.00
Reserve
;Total Expenses $1,961,012.00
The total budgeted costs of the improvements are $1,961,012.00. Of this amount, $1,312,990.00 will be
funded by assessments collected on privately owned parcels located in the district by applying a rate of
$0.21 cents per each $100.00 of property value for residential property and $0.11 cents per each $100.00
of property value for commercial property.
Logname: 17PID07BENHEAR2011 Page 2 of 3
The remainder of the costs, $648,022.00 will be funded by other revenue sources: $183,022.00 from the
City for payment in lieu of services; $15,000.00 from the District' s Builder Assessment of $200.00 per lot;
and $450,000.00 from prior years' assessments.
The Heritage PID is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
and upon the adoption of the Fiscal Year 2011 -2012 budget by the City Council to include the above
recommended item(s), funds will be available in the Fiscal Year 2012 Operating Budgets, as appropriated,
of the Special Assessment District Fund, Special Trust Fund, and General Fund.
FUND CENTERS:
TO Fund /Account/Centers
6)7) FE72 481306 017587001000
7) FE72 511010 017587001000
4)5) GS87 488010 002507002000
5) GS87 488342 002507002000
5) GS87 539120 002507002000
CERTIFICATIONS:
FROM Fund /Account/Centers
$26,260.00 6) GS87 539120 002507002000
$26,260.00 8) GS87 539120 002507002000
$183,022.00 4) GG01 539120 0808021
$1,312,990.00
$1,496,012.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Logname: 17PID07BENHEAR2011
Susan Alanis (8180)
Jay Chapa (5804)
Sylvia Flores (8550)
$26,260.00
$161,317.00
$183.022.00
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