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Home My WebLink AboutOrdinance 24365-08-2020 Ordinance No. 24365-05-2020 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2020-2021 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 12 — CHAPEL HILL FUND IN THE AMOUNT OF $79,451.00, 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 12 — CHAPEL HILL 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 12 — Chapel Hill Fund ("Fund") in the amount of $79,451.00,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 12—Chapel Hill 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 Ty�er Wallach(Aug 27,202017:05 CDT) Tyler F. Wallach,Assistant City Attorney Mary J. Kayser ADOPTED AND EFFECTIVE:August 25,2020 OF F®Rf GL ; ;2 �XAS ET1 -- ----------- % Chapel Hilt ------------- I t t FORT WORTH® P I D 12: Chapel Hill Source:Planning and Data Analytics •- 9• • Date:July 2020 • CCopyright 2020 City of Fort Worth.Unauthorized reproduction is a violation of applicable laws.This product is for informational purposes and may 6 I 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 only the approximate rPlafl-e I-ration of property boundaries.The City of Fort Worth assumes no responsibility for the accuracy of said data. I 0 1,250 2,500 5,000 Feet N City of Fort worth Five Year Service Plan Public Improvement District No.12-Chapel Hill FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 REVENUES PID Assessments $ 79,451 $ 81,040 $ 82,661 $ 84,314 $ 86,000 EXPENSES Management Fee $ 13,000 $ 13,260 $ 13,525 $ 13,796 $ 14,072 City Administrative Fee 2,000 2,000 2,000 2,000 2,000 Utilities 17,000 17,000 18,000 19,000 19,000 Landscaping 28,143 34,942 32,000 32,000 30,135 Common Area Maintenance 4,250 6,160 6,000 6,000 5,000 Communications 1,050 1,100 1,000 1,000 1,000 Audit/Annual Review 2,500 2,500 2,500 2,500 2,500 Insurance 3,708 4,078 4,485 4,933 5,426 Capital Improvements - - 3,151 3,085 6,867 Total Budgeted Expenses $ 71,651 $ 81,040 $ 82,661 $ 84,314 $ 86,000 Contribution to Fund Balance 7,800 - - - - Net Change in Fund Balance $ 7,800 $ - $ - $ - $ - Estimated Fund Balance,Beginning of Year 6,958 14,758 14,758 14,758 14,758 Estimated Fund Balance,End of Year 14,758 14,758 14,758 14,758 14,758 Reserve Requirement 14,758 11,942 13,507 13,777 14,052 Over(Under)Reserve $ $ 2,816 $ 1,251 $ 981 $ 706 *FY2021 Assessment Rate=$.18 City of Fort Worth,Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0574 LOG NAME: 13FMS PID12FY21 SUBJECT (CD 7)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 12-Chapel Hill,Approve Fiscal Year 2020-2021 Budget in the Amount of$79,451.00 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$0.18 Per Each$100.00 of Property Value,Authorize Execution of Agreement with FirstService Residential Texas PID, LLC.in the Amount of$13,000.00 to Manage the District,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 12-Chapel Hill for the 2020 tax year; 2. Approve the attached Fiscal Year 2020-2021 budget in the amount of$79,451.00 and Five-Year Service Plan for Fort Worth Public Improvement District 12-Chapel Hill; 3. Approve the Tax Year 2020 Assessment Roll for the Fort Worth Public Improvement District 12-Chapel Hill,on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 12-Chapel Hill for the 2020 tax year at a rate of$0.18 per each$100.00 of property value; 5. Authorize the execution of an Agreement with FirstService Residential Texas PID, LLC,in the amount of$13,000.00 to provide management of the improvements and services for the Fort Worth Public Improvement District 12-Chapel Hill during Fiscal Year 2020-2021;and 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#12-Chapel Hill Fund in the amount of$79,451.00 from available funds. DISCUSSION: On March 23,2004,the City Council adopted Resolution No.3060 establishing Fort Worth Public Improvement District 12-Chapel Hill(Chapel Hill PID). The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2020-2021 Budget and Five-Year Service Plan for the Chapel Hill PID and the proposed assessments to be levied on each property in the Chapel Hill 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 Chapel PID and the costs thereof are as follows: Fiscal Year 2021 Budget _ Improvements Total Budgeted Cost Management Fee _ $13,000.00 City Administrative Fee $2,000.00 Utilities $17,000.00 Landscaping _ _ _ $28,143.00 Common Area Maintenance $4,250.00 Communications _ _� $1,050.00 Audit/Annual Review _ $2,500.00 Insurance $3,708.001 Contribution to Fund_Balance --_ $7,800.00 Total Expenses $79,451.00j The total budgeted costs of the improvements are in the amount of$79,451.00. The entire amount will be funded by assessments collected on privately owned parcels located in the Chapel Hill PID by applying a rate of$0.18 per each$100.00 of property value.This is the same assessment rate as last year. 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 Chapel Hill 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 Chapel Hill PID on August 7,2020,in accordance with state law. The Chapel Hill PID is located in COUNCIL DISTRICT 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#12-Chapel Hill 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