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HomeMy WebLinkAboutOrdinance 24368-08-2020 ORDINANCE NO.24368-08-2020 AN ORDINANCE LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS AND/OR SERVICES PROVIDED IN FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 15 DURING FISCAL YEAR 2020-2021; SETTING CHARGES AND LIENS AGAINST PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF SUCH ASSESSMENTS; RESERVING UNTO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUNT OF THE RESPECTIVE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Fort Worth, Texas, has heretofore directed that certain improvements and/or services (the "Improvements") shall be provided in the Fort Worth Public Improvement District No. 15 (the"District"); and WHEREAS,the District comprises approximately 132.20 acres of land bounded by David Strickland Road on the north,area to the south of and along Mosson Road,area to the west of and along Marie Jones Road, and east by Interstate Highway East Loop 820 South,excluding certain small tracts of tax-exempt,City-owned property and property used for residential purposes within the District's boundaries; and WHEREAS,the Improvements to be provided in Fiscal Year 2020-2021 and their estimated costs are as follows: EXPENSES Management Fee $13,000.00 Security Enhancements $65,000.00 Equipment Rental $8,500.00 Vehicle Maintenance $4,000.00 Surveillance Cameras $14,000.00 Insurance $1,000.00 Professional Services $2,400.00 Website/Software $250.00 Printing $500.00 Annual Review/City Audit $2,500.00 City Administration Fee $2,000.00 Budgeted Expenses $ 113,150.00 The total budgeted costs of the improvements are $113,150.00. Of this amount, $96,731.00 will be funded by assessments collected on privately owned parcels located in the District. The remaining $16,419.00 will be funded by a transfer from the unaudited, unassigned fund balance; and WHEREAS, it is proposed that property subject to assessment in the District be assessed at a rate of $0.21 per each $100 of property value, as of January 1, 2020 and determined by the appraisal district with jurisdiction over property in the District; and WHEREAS, the Improvements and proposed assessments were previously presented in a public hearing conducted by the City Council on August 18, 2020 (M&C 13FMS PID15FY21 BENEFIT) and the assessment roll has been on file in the office of the City Secretary for public inspection; and Ordinance No.24368-08-2020 Page 1 of 4 WHEREAS,the Improvements and proposed assessments were once again heard by the City Council on the 25th day of August,2020,at 7:00 p.m.in the Council Chamber in the City Hall in the City of Fort Worth, Texas(the"Public Hearing"),notice of which was published and mailed to all record owners of property in the District,and at such hearing all desiring to be heard were given a full and fair opportunity to be heard; and NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,TEXAS: SECTION 1. The Public Hearing is hereby closed and any and all protests and objections,whether herein enumerated or not, are hereby overruled. SECTION 2. The City Council, from all evidence before it, including all information provided to it and considered in the Public Hearing, finds that the assessments herein described should be made and levied against the respective parcels of property in the District and against the owners of such property. Such assessments and charges are right and proper and are substantially in proportion to the benefits to the respective parcels of property by means of the Improvements in the District for which such assessments are levied and establish substantial justice and equality and uniformity between all parties concerned, considering the benefits received and burdens imposed.The City Council further finds that in each case the property assessed is specially benefited in enhanced value to the said property by means of the Improvements in the District and for which assessment is levied and charge made, and further finds that the apportionment of the cost of the Improvements is in accordance with applicable law. The City Council, from the evidence, further finds that the values of the respective parcels of property on January 1,2020,are true and correct. SECTION 3. There shall be,and are hereby,levied and assessed against the parcels of property subject to assessment in the District and against the real and true owners thereof(whether such owners be correctly named herein or not), the sums of money itemized per parcel of property, and the owners thereof, as far as such owners are known, at the following rate and method of payment: $0.21 per each$100 of value. SECTION 4. Where more than one person or entity owns an interest in any property described herein, each such person or entity shall be personally liable only for its, her, or his pro rata share of the total assessment against such property in proportion to its,his or her respective interest to the total ownership such property,and its,his, or her respective interest in such property may be released from the assessment lien upon payment of a proportionate sum. SECTION 5. The several sums above mentioned and assessed against the said parcels of property, and owners thereof,and penalty and interest thereon at the rate prescribed by Chapter 372, Texas Local Government Code (the Public Improvement District Assessment Act), together with reasonable attorney's fees and cost of collection, if incurred, are hereby declared to be and are made a lien upon the respective parcels of property against which the same are assessed,and a personal liability and charge against the real and true owners of such property,whether such owners be correctly named herein or not,and such liens shall be and constitute the first Ordinance No.24368-08-2020 Page 2 of 4 enforceable lien and claim against the property on which such assessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims, except state, county, school district and city ad valorem taxes.A copy of this ordinance may be filed with the County Clerk of Tarrant County,Texas,and when so filed shall constitute complete and adequate legal notice to the public concerning the liens hereby assessed against the respective parcels of property and the owners thereof. The sums so assessed against the respective parcels of property and the owners thereof shall be and become due and payable on or before January 31,2021,and shall become delinquent if not paid by February 1, 2021. The entire amount assessed against each parcel of property shall bear penalty and interest,from and after February 1,2021 at the same rate as prescribed by law for any delinquent ad valorem tax until paid. SECTION 6. If default shall be made in the payment of any assessments,collection thereof shall be enforced by suit in any court of competent jurisdiction, and said City shall exercise all of its lawful powers to aid in the enforcement and collection of said assessments. SECTION 7. The total amount assessed against the respective parcels of property, and the owners thereof, is in accordance with the proceedings of the City hereto and is less than the proportion of the cost allowed and permitted by applicable law. SECTION 8. Although the aforementioned charges have been fixed, levied, and assessed in the respective amounts herein stated, the City Council does hereby reserve the right to reduce the aforementioned assessments by allowing credits to certain property owners where deemed appropriate and provided that such any such allowance does not result in any inequity or unjust discrimination. SECTION 9. Full power to make and levy reassessments and to correct mistakes, errors, invalidities or irregularities in the assessments are, in accordance with the law in force in this City,vested in the City. SECTION 10. In any suit upon any assessment or reassessment, it shall be sufficient to allege the substance of the provision recited in this ordinance and that such recitals are in fact true, and further allegations with reference to the proceedings relating to such assessment and reassessment shall not be necessary. SECTION 11. 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 shall remain in full force and effect. Ordinance No.24368-08-2020 Page 3 of 4 SECTION 12. This Ordinance shall be cumulative of 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 13. This Ordinance shall take effect and be in full force and effect from and after the date of its passage. AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY: ATTEST: a�P.! (Aug Ty�er Wallachch(Aug 27,202017:16 CDT) U Tyler F. Wallach,Assistant City Attorney Mary J.Kayser,City Secretary M&C: 20-0576 Adopted and Effective: August 25,2020 (!!D Ordinance No.24368-08-2020 Page 4 of 4 FoRTWoRTH® Sun Valley p Public Improvement District tt.� !•• � ^.k�»-'~Siff, ` ,;;,,. n o r� 00 $ } { f S + y M it W b. si- Kr .. t i s * t — %•' , .tom ,, -'tiflrl r a � 1 x ?'3v' ���,•+l :�v si. - I r Pin •dl"dnia'rrPr r ?puP .„ • 4 »` _ "DAVID'STRICK,LAND ' '- DAUID,STRICKLAND' a � , 287 r I .3 "SUN VALLEY, WILLOW ?'" • y r 00" yr /p+J� �I�"•f$ � i0.iFrr+`r!1 1���ra1�. .p .��r. - ..,z �(., KA.LTENBRUN m: 1 k i 'ill r. it I wf-to x , p;LIFESTYL-E.. Z ..•^e 4 tf YC + _ MOSSON �00 43I o _ N �tJ x 1 9NSYe� » q',:v LIT`CfEFJAMES o � REDWO.OD��� R "'�' _ ► ? ;IMgy , _ COLLEtTTLITT, LEGEND �F PID 15 - SUN VALLEY t _ ' 0 0.075 0.15 0.3 Miles I r ! r I r r r Prepared on:Au ust 19 2014 I[ jAlk AF 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 REPRESENTAN ON-THE-GROUND SURVEYAND 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 Five Year Service Plan Public Improvement District No.15-Sun Valley FY 20/21 FY21/22 FY22/23 FY23/24 FY24/25 REVENUES PID Assessments $ 96,731 $ 122,504 $ 126,179 $ 129,964 $ 133,863 Use of Fund Balance 16,419 - - - - Total Funds Available for Use $ 113,150 $ 122,504 $ 126,179 $ 129,964 $ 133,863 EXPENSES Management Fee $ 13,000 $ 14,000 $ 15,000 $ 15,000 $ 15,000 Security Enhancements 65,000 71,000 74,000 77,500 80,500 Equipment Rental 8,500 8,500 8,500 8,500 8,500 Vehicle Maintenance 4,000 4,000 4,000 4,000 4,000 Surveillance Cameras 14,000 15,000 15,000 15,000 15,000 Insurance 1,000 1,000 1,000 1,000 1,000 Professional Services 2,400 2,400 2,400 2,400 2,400 Website/software 250 500 500 500 1,000 Printing 500 500 500 500 550 City Administrative Fee 2,000 2,450 2,524 2,599 2,677 City Audit 2,500 2,500 2,500 2,500 2,500 Total Budgeted Expenses $ 113,150 $ 121,850 $ 125,924 $ 129,499 $ 133,127 Contribution to Fund Balance - 654 255 465 736 Net Change in Fund Balance $ (16,419) $ 654 $ 255 $ 465 $ 736 Estimated Fund Balance,Beginning of Year 42,069 25,650 26,304 26,559 27,024 Estimated Fund Balance,End of Year 25,650 26,304 26,559 27,024 27,760 Reserve Requirement 17,867 18,858 20,417 21,030 21,661 Over(Under)Reserve $ 7,783 $ 7,446 $ 6,142 $ 5,994 $ 6,099 'FY2021 Assessment Rate=$.210 City of Fort Worth, Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0576 LOG NAME: 13FMS PID15FY21 SUBJECT (CD 5)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 15-Sun Valley,Approve Fiscal Year 2021 Budget in the Amount of$113,150.00 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$0.21 Per Each$100.00 of Property Value,Authorize Execution of an Agreement with Orasi Development, LLC,in the Amount of$13,000.00 to Manage the Fort Worth Public Improvement District 15-Sun Valley,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 15-Sun Valley for the 2020 tax year; 2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$113,150.00 and Five-Year Service Plan for Fort Worth Public Improvement District 15-Sun Valley; 3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 15-Sun Valley,on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 15-Sun Valley for the 2020 tax year at a rate of$0.21 per each$100.00 of property value; 5. Authorize the execution of an Agreement with Orasi Development,LLC,in the amount of$13,000.00 to provide management of the improvements and services for Fort Worth Public Improvement District 15-Sun Valley during Fiscal Year 2020-2021;and 6. Adopt the attached appropriation ordinance(1)increasing estimated receipts and appropriations in the FWPID#15-Sun Valley Fund (Fund)in the amount of$96,731.00,from available funds,and(2)increasing appropriations in the Fund in the amount of$16,419.00 and reducing the fund balance by the same amount. DISCUSSION: On August 21,2012,the City Council adopted Resolution No.4120-08-2012 establishing Fort Worth Public Improvement District 15-Sun Valley (Sun Valley 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 Sun Valley PID and the proposed assessments to be levied on each property in the Sun Valley 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 Sun Valley PID and the costs thereof are as follows: Fiscal Year 2021 Budget Improvements Total Budgeted Cost Mangement Fee $13,000.00 Security Enhancements $65,000.00 Equipment Rental $8,500.00 Vehicle Maintenance $4,000.00 Surveillance Cameras $14,000.00 Insurance $1,000.00 Professional Services $2,400.00 Website/software $250.00 Printing —� $500.00 City Administrative Fee $2,000.00 City Audit $2,500000 Total Expenses $113,150.00 The total budgeted costs of the improvements and services are in the amount of$113,150.00.Of this amount,$96,731.00 will be funded by assessments collected on privately owned parcels located in the Sun Valley PID by applying a rate of$0.21 per each$100.00 of property value. The remaining$16,419.00 will be funded by a transfer from the unaudited,unassigned fund balance. For Fiscal Year 2019-2020(tax year 2019) PID 15 levied an assessment of$0.24 per$100.00 of properly value.The PID experienced growth in net taxable value equal to$3,511,575.00,or 8%,allowing for the assessment rate to be reduced by$0.03.Thus the recommended Fiscal Year 2020-2021 (tax year 2020)assessment rate is$0.21 per$100.00 of taxable property value. 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 Assessments for the Sun Valley 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 properly on record in the Sun Valley PID on August 7,2020,in accordance with state law. The Sun Valley PID is located in COUNCIL DISTRICT 5. FISCAL INFORMATION 1 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#15-Sun Valley 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