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Home My WebLink AboutOrdinance 24359-08-2020 Ordinance No. 24359-08-2020 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2020-2021 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN FUND IN THE AMOUNT OF $1,814,235.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2020 TAX YEAR, FOR THE PURPOSE OF PROVIDING IMPROVEMENTS AND SERVICES FOR THE PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN DURING FISCAL YEAR 2020-2021; 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 2020-2021 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Fiscal Year 2020-2021 Fort Worth Public Improvement District 6 — Park Glen Fund ("Fund") in the amount of $1,814,235.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2020 Tax Year, for the purpose of providing improvements and services for Public Improvement District 6—Park Glen during Fiscal Year 2020-2021. 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, 2020, and ending September 30, 2021, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 T,&r,vtiaiiach Tyler Wallach(Aue 27.2020 17:D2 CDT) Tyler F.Wallach, Assistant City Attorney Mary J. Kayser ADOPTED AND EFFECTIVE:August 25,2020 Q�•F®R�' �XAS Uj -k >- b- 1 �JHilisry R�P�S 3 II C7 1 I 1 I J t r Arcadia Trail 1 North v ' X i�. w I � I q 1 U Q Wco ;kr+ o Parts O I .mmtrbra k ac Place 377 t TT r 1 1 F-` f ! 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P I D 6: Park Glen Source:Planning and Data Analy 7 _ 9 Date:July 2020 GCopyright 2020 City of Fort Worth.Unauthorized reproduction is a violation of applicable laws.This product is for informational purposes and may rat have been prepared for or be suitable for legal,engineering or surveying purposes,It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries.The City of Fort Worth assumes no responsibility for the accuracy of said data. a0 1,000 2,000 4,000 Feet N City of Fort Worth Five Year Service Plan Public Improvement District No.6-Park Glen FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 REVENUES PIDAssessments` $ 1,614,679 $ 1,646,969 $ 1,679,908 $ 1,713,508 $ 1,747,778 COFW Payment in lieu of Services 199,556 199,556 199,556 199,556 199,556 Total Budgeted Revenues $ 1,8 44,235 $ 1,846,525 $ 1,879,464 $ 1,913,064 $ 1,947,334 EXPENSES Management Fee $ 129,924 $ 132,522 $ 135,172 $ 137,875 $ 140,633 Utilities 158,000 159,000 160,000 161,000 162,000 Landscaping 845,133 750,000 850,000 774,285 785,000 Common Area Maintenance 213,295 151,494 260,000 270,900 281,927 Holiday Decoration 23,000 23,000 23,000 23,000 30,000 Security Enhancements 206,100 207,000 208,000 209,000 210,000 Communications 14,000 14,000 14,000 14,000 14,000 Public Events 34,000 34,000 36,000 36,000 36,000 Capital Improvements 106,000 290,000 107,043 200,000 200,000 Insurance 36,398 36,398 36,398 36,398 36,398 Annual Review 12,100 12,100 12,100 12,100 12,100 City Administrative Fee 36,285 37,011 37,751 38,506 39,276 Total Budgeted Expenses $ 1,814,235 $ 1,846,525 $ 1,879,464 $ 1,913,064 $ 1,947,334 Net Change in Fund Balance $ - $ - $ $ - $ - Estimated Fund Balance,Beginning of Year 370,797 370,797 370,797 370,797 370,797 Estimated Fund Balance,End of Year 370,797 370,797 370,797 370,797 370,797 Reserve Requirement 369,159 302,373 307,754 313,244 318,844 Over(Under)Reserve $ 1,638 $ 68,424 $ 63,043 $ 57,553 $ 51,953 •FY2021 Assessment Rate=$.155 Residential/$.035 Commercial City of Fort Worth Five Year Service Plan Public Improvement District No.6-Fort Worth FY20121 FY21122 FY22123 FY23124 FY24/25 REVENUES PID Assessments $1,614,679 $1,646,969 $1,679,908 $1,713,508 $1,747,778 COFW Payment in lieu of Services 199,556 199,556 199,556 199,556 199,556 Budget Revenues $1,814,235 $1,846,525 $1,879,464 $1,913,064 $1,947,334 Use of Fund Balance Total Revenues $1,814,235 $1,846,525 $1,879,464 $1,913,064 $1,947,334 EXPENSES Management Fee 129,924 132,522 135,172 137,875 140,633 Utilities 158,000 159,000 160,000 161,000 162,000 Landscaping 845,133 750,000 850,000 774,285 785,000 Common Area Maintenance 213,295 151,494 260,000 270,900 281,927 Holiday Decoration 23,000 23,000 23,000 23,000 30,000 Security Enhancements 206,100 207,000 208,000 209,000 210,000 Communications 14,000 14,000 14,000 14,000 14,000 Public Events 34,000 34,000 36,000 36,000 36,000 Capital Improvements 106,000 290,000 107,043 200,000 200,000 Insurance 36,398 36,398 36,398 36,398 36,398 Annual Review 12,100 12,100 12,100 12,100 12,100 City Administrative Fee 36,285 37,011 37,751 38,506 39,276 Budget Expenses 1,814,235 1,846,525 1,879,464 1,913,064 1,947,334 Contribution to Fund Balance - - - - - Total Expenses $1,814,235 $1,846,525 $1,879,464 $1,913,064 $1,947,334 *Projected FY2021 Required reserve balance:$308,244 **$155 Residential/$.035 Commercial City of Fort Worth,Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0571 LOG NAME: 13FMS PID06FY21 SUBJECT (CD 4)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 6-Park Glen,Approve Fiscal Year 2020-2021 Budget in the Amount of$1,814,235.00 and Five-Year Service Plan,Approve Tax Year 2020 Assessment Roll,Adopt Ordinance Levying Special Assessments for the 2020 Tax Year at a Rate of$0.155 Per Each$100.00 of Residential Property Value and$0.035 Per Each$100.00 of Commercial Property Value,Authorize Execution of Agreement with FirstService Residential Texas PID,LLC,in the Amount of$129,924.00 to Manage Fort Worth Public Improvement District 6-Park Glen,and Adopt Appropriation Ordinance (PUBLIC HEARING-a.Report of City Staff:Anthony Rousseau;b.Public Comment;c.Council Action:Close Public Hearing and Act on 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 Fort Worth Public Improvement District 6-Park Glen for the 2020 tax year; 2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$1,814,235.00 and Five-Year Service Plan for Fort Worth Public Improvement District 6-Park Glen; 3. Approve the Tax Year 2020 Assessment Roll for Fort Worth 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 Fort Worth Public Improvement District 6-Park Glen for the 2020 tax year at the rates of$0.155 per each$100.00 of residential property value and$0.035 per each$100.00 of commercial property value; 5. Authorize the execution of an Agreement with FirstService Residential Texas PID,LLC,in the amount of$129,924.00 to provide management of the improvements and services for Fort Worth Public Improvement District 6-Park Glen during Fiscal Year 2020-2021;and 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#6-Park Glen Fund in the amount of$1,814,235.00,from available funds. DISCUSSION: On September 22, 1998,the City Council adopted Resolution No.2453 establishing Fort Worth Public Improvement District 6-Park Glen(Park Glen PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2020-2021 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 2020 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 2020 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 Fiscal Year 2020-2021 and the costs thereof are as follows: Fiscal Year 2021 Budget Improvements Total Budgeted Cost Management Fee 1 $129,924.00 Utilities 1 $158,000.00 Landscaping $845,133.00 Common Area Maintenance $213,295.00 Holiday Decoration $23,000.00 Security Enhancements $206,100.00 Communications $14,000.00 Public Events $34,000.00 Capital Improvements $106,000.00 Insurance $36,398.00 Annual Review $12,100.00 City Administrative Fee $36,285.00 Total Expenses $1,814,235.00111 The total budgeted costs of the improvements and services are in the amount of$1,814,235.00. Of this amount,$1,614,679.00 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$100.00 of property value for residential property and$0.035 to each$100.00 of property value for commercial property.The remaining$199,556.00 will be funded by direct payments from the City for Payment-in-Lieu of Services. The assessment rates are the same as last year. On August 18,2020,the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2020-2021 Budget, Five-Year Service Plan,and 2020 Assessment for the Park Glen PID. Notice of the August 18,2020 benefit hearing and this hearing were published in the Fort Worth Star- Telegram and mailed to all owners of property on record and liable for assessment within the Park Glen PID on August 7,2020, in accordance with state law. Included within those notices was a draft of the Fiscal Year 2020-2021 budget of$1,814,235.00.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 adoption of the Fiscal Year 2020-2021 Budget by the City Council,funds will be available in the Fiscal Year 2021 operating budget,as appropriated,of the FWPID#6-Park Glen Fund. Prior to any expenditure being incurred,the Financial Management Services Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by: Jay Chapa 5804 Originating Business Unit Head: Reginald Zeno 8517 Additional Information Contact: Crystal Hinojosa 7808