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HomeMy WebLinkAboutIR 8751INFORMAL REPORT TO CITY COUNCIL MEMBERS No. ,-7,,, To the Mayor and Members of the City Council March 21, 2006 (1- 1]- , Page 1 of 4 SUBJECT: Expenditure Plan for Parks and Community Services Gas Well Revenues At the January 24, 2006 meeting • the Environment, Neighborhood and Community Servic Committee meeting, staff from the Parks and Community Services Department (PACS presented an overview of the Neighborhood Park Development Grant Program. The progra awards matching grant funds to neighborhood and community groups to invest in capit�- improvements for their neighborhood park. The program was approved in the Parks a Community Services Budget for FY 2005-06 and is funded from royalties the Department h- receive• from producing wells. During that presentation, Councilmember Becky Haskin request an update on the PACSD expenditure plan for the gas revenues. I The PACSD receives gas well revenues from lease bonuses and from royalties paid by producing wells. In April of 2005, the City Council adopted a policy for distribution of these funds (M&C G- 14767). In accordance with that policy, lease bonuses are assigned to the PACSD Capital Improvement Fund and earmarked for the well park. As for the royalty payments, two thirds is distributed to the Citywide PACSD Capital Improvement Fund and one third is set aside in a Citywide Park Endowment Fund. To date the PACSD has received $1,582,092.68 in lease bonuses and $792,451.94 in royalties. The following outlines the Department's plan for xpenditure of those funds. Lease Bonuses Gateway Park - $765,338.98 Tandy Hills Park - $199,749.67 Tandy Hills Pw ha-s bng bet.-a--n re-,cognuzed as one of the last remaining romnants o,f native grassend prat de in the metroplex- With the support y of "Che V"',vest Meadowbrook ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS VZ 1110] :4 ITI F—Al MUM*] srr To the Mayor and Members of the City Council SUBJECT: Expenditure Plan for Parks and Community Services Gas Well Veveiues Neighborhood Association and various environmental groups and supporters of the park, staff is proposing a detailed study that would result in the creation of a preservation plan for Tandy Hills Park. The scope of work would include,- 1) a thorough evaluation of the topography, terrain, flora and fauna, 2) a series of public meetings to gather input from the community, 3) based on the information collected in the first two items, the development of a preservation plan to restore Tandy Hills Park to a representative grassland prairie, and 4) identify ongoing operational costs to maintain the area as a preserved site. Having a Preservation Plan will allow staff to leverage the remaining lease bonus with potential matching grant funds. Staff is currently drafting a detailed scope of work to include a request for proposals to be issued next month with selection of a consultant completed by June 1, 2006. Quanah Parker Park - $129,054.42 This project has been assigned to the Small Capital Projects Crew as part of their FY 2005-06 work plan and is scheduled to begin in the third quarter. Staff will be reviewing the existing master plan and consulting with the adjoining neighborhood associations to determine what additional amenities are desired. Like Gateway Park, Quanah Parker also received additional improvements in lieu of fees for a pipeline easement (L-13790). Last summer per the agreement, West Fork Pipeline constructed 250' of trail and installed a drinking fountain which together was valued at $49,053.00. [TIT3 M., These funds will be combined with $590,240 from the 2004 Capital Improvements Program. CIP funding was allocated for trail construction, reconstruction of a pedestrian bridge and roads and parking. The lease bonus will fund revisions to the master plan and additional improvements based on community needs and desires. Design of these additional improvements is scheduled for Year 2009 • the bond program. ISSUED BY THE CF1 Y MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8751 To the Mayor and Members of the City Council March 21, 2006 T-* Page 3 of 4 SUBJECT: Expenditure Plan for Parks and Community Services Gas Well Revenues Distributions will continue into the endowment fund until a $2 million balance is reached. ♦ that point per the City Council policy, 100% of the annual royalties will be distributed to the Citywide Parks and Community Services Capital Improvement Program Fund, 75% of the interest earned will be allocated to the Citywide Park CIP and 25% of the interest earned will be reinvested in the growth of the Endowment Fund. Neighborhood Park Development Grant Program - $124,744 • part • the FY 2005-06 PACSD budget, $100,000 was allocated to reinstate the Neighborhood Park Development Grant Program. The balance of $24,744 partially funds an additional Landscape Architect position to market and manage the program. As noted earlier, the program was presented to the Environment, Neighborhood and Community Services Committee who took action to endorse the proposed implementation plan. The program is being marketed to neighborhood and community groups in the months of February and March. Once the applications are ranked, staff will make a recommendation • City Council for specific project funding in June of this year. Small Capital Projects Crew - $395,156 ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS To the Mayor and Members of the City Council March 21, 2006 -Vt.T-t'41Z1- Page 4 of 4 SUBJECT: Expenditure Plan for Parks and Community Services Gas Well Revenues Staff will continue to evaluate and monitor the above programs as well as anticipated revenues from both lease bonuses and royalty payments. Utilizing the Needs Assessment Survey, capital needs will be evaluated based on community expectations and emerging trends in recreation. Capital Improvement Projects will be ranked against these criteria and selected projects will be recommended for inclusion in the Department's annual Capital Improvements Work Plan which is approved in the annual budget. This year's Small Capital Projects Work Plan which includes appropriation language authorizing the proposed spending of gas revenues will be brought to the City Council for approval on March 28, 2006. Should you have any questions regarding the allocation of Gas Revenues or the Neighborhood Park Development Grants Program, please contact Randle Harwood, Acting Director of the Parks and Community Services Department at 817-871-5704. 91, M, Charles R. Boswell City Manager ISSUED BY THE CIrY MANAGER FORT WORTH, TEXAS