HomeMy WebLinkAboutOrdinance 24367-08-2020 Ordinance No. 24367-08-2020
AN ORDINANCE(1)INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE FISCAL YEAR 2020-2021 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14
—TRINITY BLUFF FUND IN THE AMOUNT OF $73,057.00, FROM AVAILABLE FUNDS,
AND(2)INCREASING APPROPRIATIONS IN THAT FUND IN THE AMOUNT OF$2,653.00
AND REDUCING FUND BALANCE BY THE SAME AMOUNT, 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 14 — TRINITY BLUFF 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 14—Trinity Bluff Fund ("Fund") in the amount
of$73,057.00,from available funds, and (2) increased appropriations in the Fund in the amount of$2,653.00
and reducing fund balance by the same amount,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 14—Trinity Bluff 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 F. Wallach,Assistant City Attorney Mary J. Kayser FART
ADOPTED AND EFFECTIVE: August 25, 2020
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City of Fort Worth
Five Year Service Plan
Public Improvement District No.14-Trinity Bluff
FY20/21 FY21/22 FY22/23 FY23/24 FY24/25
REVENUES
PID Assessments' $ 73,057 $ 74,508 $ 97,514 $ 99,454 $ 101,443
Use of Fund Balance 2,653 2,616 2,500 734 -
Total Funds Available for Use $ 75,710 $ 77,124 $ 100,014 $ 100,188 $ 101,443
EXPENSES
Management Fee $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000
Utilities 750 750 750 750 750
Landscaping 30,000 31,414 30,944 31,118 32,344
Litter Abatement 3,600 3,600 3,600 3,600 3,600
Ambassador Program 23,360 23,360 46,720 46,720 46,720
Marketing 1,000 1,000 1,000 1,000 1,000
Holiday Lighting 500 500 500 500 500
City Audit 2,500 2,500 2,500 2,500 2,500
City Administrative Fee 2,000 2,000 2,000 2,000 2,029
Total Budgeted Expenses $ 75,710 $ 77,124 $ 100,014 $ 100,188 $ 101,443
Net Change in Fund Balance $ (2,653) $ (2,616) $ (2,500) $ (734) $ -
Estimated Fund Balance,Beginning of Year 25,207 22,554 19,938 17,438 16,704
Estimated Fund Balance,End of Year 22,554 19,938 17,438 16,704 16,704
Reserve Requirement 12,228 12,618 12,854 16,669 16,698
Over(Under)Reserve $ 10,326 $ 7,320 $ 4,584 $ 35 $ 6
`FY2021 Assessment Rate=$.10
City of Fort Worth
Five Year Service Plan
Public Improvement District No.6-Fort Worth
FY20/21 FY21/22 FY22/23 FY23/24 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
F®RTWORTH TrinityBluff Public Improvement District
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Pre ared on:Auclust 19 2014
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 REPRESENT AN ON-THE-GROUND SURVEY AND 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,Texas
Mayor and Council Communication
DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0575
LOG NAME: 13FMS PID14FY21
SUBJECT
(CD 9)Conduct Public Benefit Hearing for Forth Worth Public Improvement District 14-Trinity Bluff,Approve Fiscal Year 2020-2021 Budget in the
Amount of$75,710.00 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$0.10 Per Each$100.00 of Property Value,Authorize Execution of Agreement with Downtown Fort Worth,Inc.,in
the Amount of$12,000.00 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 14-Trinity Bluff for the 2020 tax year;
2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$75,710.00 and Five-Year Service Plan for Fort Worth Public
Improvement District 14-Trinity Bluff;
3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 14-Trinity Bluff,on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 14-Trinity Bluff
for the 2020 tax year at a rate of$0.10 per each$100.00 of property value;
5. Authorize the execution of an Agreement with Downtown Fort Worth,Inc.,in the amount of$12,000.00 to provide management of the
improvements and services for Fort Worth Public Improvement District 14-Trinity Bluff during Fiscal Year 2020-2021;and
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#14-Trinity Bluff Fund(1)in the
amount of$73,057.00 from available funds,and(2)in the amount of$2,653.00 by decreasing available fund balance by the same amount.
DISCUSSION:
On June 16,2009,the Mayor and City Council adopted Resolution No.3748-06-2009 establishing the Fort Worth Public Improvement District 14-
Trinity Bluff(Trinity Bluff 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 Trinity Bluff PID and the proposed assessments to be levied on each property in the Trinity Bluff 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 Trinity Bluff PID and the costs thereof are as follows:
Fiscal Year 2021 Budget
Improvements Total Budgeted Cost
Management Fee $12,000.00
Utilities $750.00
Landscaping $30,000.00
Litter Abatement $3,600.00
Ambassador Program $23,360.00
Marketing $1,000.00
Holiday Lighting 500.00
City Audit $2,500.00
City Administrative Fee $2,000.00
Total Expenses $75,710.00
The total budgeted costs of the improvements and services are in the amount of$75,710.00.Of this amount$73,057.00 will be funded by
assessments collected on privately owned parcels located in the Trinity Bluff PID by applying a rate of$0.10 per each$100.00 of property
value.The remainder of the costs in the amount of$2,653.00.00 will be transferred from the unaudited,unassigned fund balance.The assessment
rate is 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 assessments for the Trinity Bluff 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 Trinity Bluff PID on August 7,2020,in accordance with state law.
The Trinity Bluff PID is located in COUNCIL DISTRICT 9.
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#14-Trinity Bluff Fund. Prior to any
expenditure being incurred,the Financial Management Services Department has the responsibility to validate the availability of funds.
Submitted for City Managers Office by: Jay Chapa 5804
Originating Business Unit Head: Reginald Zeno 8517
Additional Information Contact: Crystal Hinojosa 7808