HomeMy WebLinkAboutOrdinance 24361-08-2020 Ordinance No. 24361-08-2020
AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE FISCAL YEAR 2020-2021 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 7—
HERITAGE FUND IN THE AMOUNT OF$1,993,147.00, FROM AVAILABLE FUNDS,AND
(2) INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF $478,218.00
AND REDUCING FUND BALANCE BY THE SAME AMOUNT, All 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 7 — HERITAGE 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 (1) increased estimated receipts and appropriations in the
Fiscal Year 2020-2021 Fort Worth Public Improvement District 7—Heritage Fund ("Fund") in the amount of
$1,993,147.00, from available funds, and (2) increased appropriations in the Fund in the amount of
$478,218.00 and reducing fund balance by the same amount, all 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 7—Heritage 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
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Tyler Wallach(Aug 27,202017:02 CDT) F®R T'w
Tyler F. Wallach,Assistant City Attorney Mary J. Kayser
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®Copyright 2020 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 represent an on-the-ground survey and represents
i only the approximate relative location of property boundaries.The City of Fort Worth assumes no responsibility for the accuracy of said data.
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City of Fort worth
Five Year Service Plan
Public Improvement District No.7-Heritage
FY20121 FY21122 FY22/23 FY23/24 FY24/25
REVENUES
PID Assessments $ 1,802,016 $ 1,838,056 $ 1,874,817 $ 1,912,313 $ 1,950,559
COFW Payment in lieu of Services 191,096 191,096 191,096 191,096 191,096
PID Generated Revenue 35
Total Budgeted Revenues $ 1,993,147 $2,029,152 $2,065,913 $2,103,409 $ 2,141,655
Use of Fund Balance 478,218 369,636 - -
Total Funds Available for Use $2,471,365 $2,398,788 $2,065,913 $2,103,409 $ 2,141,655
EXPENSES
Management Fee $ 127,928 $ 130,487 $ 133,096 $ 135,758 $ 138,473
Utilities 300,500 235,110 239,812 244,608 249,501
Landscaping/Tree Maintenance 1,120,000 1,094,929 850,000 900,000 1,000,000
Common Area Maintenance 387,000 392,805 300,000 275,000 250,000
Holiday Lighting 32,500 33,150 33,813 34,103 35,178
Security Enhancements 78,500 80,070 81,671 83,305 84,971
Advertising 2,400 2,448 2,497 2,547 2,598
Public Events 160,000 162,400 164,836 150,329 152,584
Capital Improvements 200,000 204,000 195,683 212,240 161,797
Insurance 12,675 12,929 13,187 13,451 13,720
Annual Review 10,000 10,000 10,000 10,000 10,000
City Administrative Fee 39,862 40,460 41,318 42,068 42,833
Total Budgeted Expenses $2,471,365 $2,398,788 $2,065,913 $2,103,409 $ 2,141,655
Net Change in Fund Balance $ (478,218) $ (369,636) $ - $ - $ -
Estimated Fund Balance,Beginning of Year 1,259,748 781,530 411,894 411,894 411,894
Estimated Fund Balance, End of Year 781,530 411,894 411,894 411,894 411,894
Reserve Requirement 353,373 411,894 399,798 344,319 350,568
Over(Under)Reserve $ 428,157 $ - $ 12,096 $ 67,575 $ 61,326
`FY2021 Assessment Rate=$.170 Residential/$.110 Commercial
City of Fort Worth,Texas
Mayor and Council Communication
DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0572
LOG NAME: 13FMS PID07FY21
SUBJECT
(CD 4 and CD 7)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 7-Heritage,Approve Fiscal Year 2020-2021 Budget
in the Amount of$2,471,365.00 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$0.17 Per Each$100.00 of Residential Property Value and$0.11 Per Each$100 of Commercial
Property Value,Authorize Execution of Agreement with FirstService Residential Texas PID,LLC,in the Amount of$127,928.00 to Manage Fort
Worth Public Improvement District 7-Heritage,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 7-Heritage for the 2020 tax year;
2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$2,471,365.00 and Five-Year Service Plan for Fort Worth Public
Improvement District 7-Heritage;
3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 7-Heritage,on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in the Fort Worth Public Improvement District 7-Heritage
for the 2020 tax year at the rates of$0.17 per each$100.00 of residential property value and$0.11 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$127,928.00 to provide
management of the improvements and services for Fort Worth Public Improvement District 7-Heritage during Fiscal Year 2020-2021;and
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#7-Heritage Fund in the
amount of$1,993,147.00,from available funds;and(2)increasing appropriations in the FWPID#7-Heritage Fund in the amount of
$478,218.00 and reducing fund balance by the same amount.
DISCUSSION:
On September 26,2000,the City Council adopted Resolution No.2675 establishing Fort Worth Public Improvement District No.7-Heritage
(Heritage 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 Heritage PID and the proposed assessments to be levied on each property in the Heritage 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 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 Fiscal Year 2020-2021 and the costs thereof are as follows:
Fiscal Year 2021 Budget
Improvements Total Budgeted Cost
Management Fee $127,928.00
Utilities 17 $300,500.00
Landscaping/Tree Maintenance $1,120,000.00
Common Area Maintenance $387,000.00
Holiday Lighting $32,500.00
Security Enhancements $78,500.00
Advertising $2,400.00
Public Events $160,000.00
Capital Improvements $200,000.00
Insurance $12,675.00
Annual Review $10,000.00
City Administrative Fee $39,862.0011
Fiscal Year 2021 Budget
Improvements Total Budgeted Cost
Total Expenses $2,471,365.00I
The total budgeted costs of the improvements are in the amount of$2,471,365.00.Of this amount,$1,802,016.00 will be funded by assessments
collected on privately owned parcels located in the Heritage PID by applying a rate of$0.17 per each$100.00 of property value for residential
property and$0.11 per each$100.00 of property value for commercial property.The assessment rates are the same as last year. The remainder
of the costs in the amount of$669,349.00 will be funded by other revenue sources including:(a)$191,096.00 in direct payments from the City for
Payment In-Lieu of Services(b)$478,218.00 transferred from the unaudited,unassigned fund balance,and(c)$35.00 in Heritage PlD revenues.
On August 18,2020,the City Council conducted a public hearing to receive comments on the proposed 2020-2021 Fiscal Year Budget,Five-Year
Service Plan,and 2020 Assessments for the Heritage 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 in the Heritage PID on August 7,2020,in accordance with state law.
The Heritage PID is located in COUNCIL DISTRICTS 4&7.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the 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#7-Heritage 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