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Home My WebLink AboutOrdinance 23778-08-2019 Ordinance No. 23778-08-2019 AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2019-2020 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6— PARK GLEN FUND IN THE AMOUNT OF$1,805,782.00, FROM AVAILABLE FUNDS,AND (2) INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF $419,000.00 AND REDUCING FUND BALANCE BY THE SAME AMOUNT, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2019 TAX YEAR, FOR THE PURPOSE OF PROVIDING IMPROVEMENTS AND SERVICES FOR THE PUBLIC IMPROVEMENT DISTRICT 6— PARK GLEN DURING FISCAL YEAR 2019-2020; 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 2019-2020 in the Budget of the City Manager, there shall also be (1) increased estimated receipts and appropriations in the Fiscal Year 2019-2020 Fort Worth Public Improvement District 6—Park Glen Fund ("Fund") in the amount of $1,805,782.00, from available funds, and (2) increased appropriations in the Fund in the amount of $419,000.00 and reducing fund balance by the same amount, contingent upon the adoption of the ordinance levying special assessments for the 2019 Tax Year, for the purpose of providing improvements and services for Public Improvement District 6—Park Glen during Fiscal Year 2019-2020. 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, 2019, and ending September 30, 2020, 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 LEG TY: CI{Y S CRETARY Tyl F.Wallaclfi, ssis ant City Attorney M J. Kayser / OF•fr�RT�L ADOPTED A FFECTIVE:August 27, 2019 �LXAS FORTWORTH® P Park 'a Glen Public Improvement District + € 2' y G 1 0' ', POW `r —. t_ _ }�fa 'r.,.,�• .. '��lYrti?'S g. Q .:i ��y��J� �n�i�"4�.{ .s .r r r IJ ~;w tt � Ifffii r`�` J C. fr*a1k (i+ggk ^ ♦ 1 1 7 .., �:,TARRANT UNIF ti t u7. ff i X3 v' fry Jx +' BASSWOOD loft LEGEND PID 6 - PARK GLEN N 0 0.225 0.45 0.9 Miles ` 'WESTERN' ENTERS + Pre ared om Au ust 19 2014 li � �w My ti x.^' '.^ •:ti.SG'.As q;,G "'n'�.►'yw's' .�`.. "`Y_..��_ *r 'f"i r' �; .1 f ,}. 'r�' �._ 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 FY19/20 FY20/21 FY21/22 FY22/23 FY23/24 REVENUES PID Assessments $1,606,226 $1,606,226 $1,606,226 $1,606,226 $1,606,226 COFW Payment in lieu of Services 199,556 199,556 199,556 199,556 199,556 Budget Revenues $1,805,782 $1,805,782 $1,805,782 $1,805,782 $1,805,782 Use of Fund Balance 419,000 Total Revenues $2,224,782 $1,805,782 $1,805,782 $1,805,782 $1,805,782 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 829,520 722,987 722,987 722,987 722,987 Common Area Maintenance 512,023 200,000 200,000 200,000 200,000 Holiday Decoration 22,832 22,832 22,832 22,832 22,832 Security Enhancements 183,985 183,985 183,985 183,985 183,985 Communications 6,800 6,909 6,909 6,909 6,909 Public Events 32,300 32,300 32,300 32,300 32,300 Capital Improvements 241,000 240,447 240,447 240,447 240,447 Insurance 34,182 34,182 34,182 34,182 34,182 Annual Review 5,100 5,100 5,100 5,100 5,100 City Administrative Fee 36,116 36,116 36,116 36,116 36,116 Budget Expenses 2,224,782 1,805,782 1,805,782 1,805,782 1,805,782 Contribution to Fund Balance - - - - - Total Expenses $2,224,782 $1,805,782 $1,805,782 $1,805,782 $1,805,782 $.155 Residential $.035 Commercial City of Fort Worth, Texas Mayor and Council Communication DATE: 08/27/19 M&C FILE NUMBER: M&C 19-0099 LOG NAME: 13FMS PID06FY20 SUBJECT Conduct Public Benefit Hearing for Public Improvement District 6-Park Glen,Approve Fiscal Year 2019-2020 Budget in the Amount of $2,224,782 and Five-Year Service Plan,Approve Tax Year 2019 Assessment Roll,Adopt Ordinance Levying Special Assessments for the 2019 Tax Year at a Rate of$0.155 Per Each$100 of Residential Property Value and$0.035 Per Each$100 of Commercial Property Value,Authorize Execution of Agreement with FirstService Residential Texas,Inc.in the Amount of$127,924 to Manage the District,and Adopt Appropriation Ordinance(COUNCIL DISTRICT 4)(PUBLIC HEARING-a.Report of City Staff:Angela Estrada;b.Citizen Presentations;c.Council Action: Close Public Hearing and Approve the M&C) 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 2019 tax year; 2.Approve the attached Fiscal Year 2019-2020 Budget in the amount of$2,224,782 and Five-Year Service Plan for Public Improvement District 6 -Park Glen; 3.Approve the Tax Year 2019 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 2019 tax year at the rates of$0.155 per each$100 of residential property value and$0.035 per each$100 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$1,805,782,from available funds,and(2)increasing appropriations in the Fund in the amount of$419,000 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 2019-2020. DISCUSSION: On September 29, 1998,the City Council adopted Resolution No.2453 establishing Public Improvement District 6-Park Glen(Park Glen PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2019-2020 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 2019 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 2019 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 2019-2020 Fiscal Year and the costs thereof are as follows: FY2019-2020 Budget Management Fee $ 127,924 Utilities 193,000 Landscape Maintenance $829,520 Common Area Maintenance $512,023 Holiday Decorations $22,832 Security Enhancements 1$183,985 Communications/Newsletters$6,800 Public Events 32,300 Capital Improvements $241,000 Insurance $34,182 Lnnual Review $5,100 City Administration Fee $36,116 Total Expenses $2,224,782 The total budgeted costs of the improvements and services are in the amount of$2,224,782.Of this amount,$1,606,226 will be funded by assessments collected on privately owned parcels located in the Park Glen PID by applying a rate of$0.155 to each$100 of property value for residential property and$0.035 to each$100 of property value for commercial property.The remainder of the costs in the amount of$618,556 will be funded by other revenue sources including:(a)$199,556 in direct payments from the City for Payment-in-Lieu of Services and(b)$419,000 transferred from the unaudited,unassigned fund balance. For Fiscal Year 2019(tax year 2018),the City Council levied an assessment rate of$0.165 cents for each$100 of property value for residential property and$0.035 cents for each$100 of property value for commercial property.The Park Glen PID experienced growth in net taxable value equal to 9%,or$89,249,218 allowing the residential assessment rate to be reduced by$0.01.Thus,the recommended Fiscal Year 2020(tax year 2019)assessment rate is$0.155 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$31,172 or 2.0%. On August 20,2019,the City Council conducted a public hearing to receive comments on the proposed 2019-2020 Fiscal Year Budget,Five-Year Service Plan,and 2019 Assessments for the Park Glen PID(M&C).Notice of the August 20,2019 benefit hearing and this hearing were published in the Fort Worth Star-Telegram on August 8,2019 and mailed to all record owners of property in the Park Glen PID on August 7,2019, in accordance with state law.Included within those notices was a draft of the Fiscal Year 2020 budget of$2,224,782.The informal Park Glen Advisory Board recommended approval of the budget. 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 2019-2020 Budget by the City Council,funds will be available in the Fiscal Year 2020 operating budget,as appropriated,of the Fort Worth Public Improvement District 6- Park Glen Fund. Submitted for City Manager's Office by: Kevin Gunn 2015 Originating_Business Unit Head: Reginald Zeno 8500 Additional Information Contact: Angela Estrada 8511