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Home My WebLink AboutOrdinance 24375-08-2020 Ordinance No. 24375-08-2020 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2020-2021 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 20— EAST LANCASTER AVENUE FUND IN THE AMOUNT OF $256,457.00, 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 20—EAST LANCASTER AVENUE 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 1T 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 20 — East Lancaster Avenue Fund ("Fund") in the amount of$256,457.00, 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 20—East Lancaster Avenue 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 Tyler Walla oh Tyler W,11 IAug 17,Zut0 171 i CDT) Tyler F.Wallach,Assistant City Attorney Mary J. Kayser .40 ADOPTED AND EFFECTIVE:August 25,2020 •may City of Fort Worth Five Year Service Plan Public Improvement District No.20-East Lancaster FY20/21 FY21/22 FY22123 FY23/24 FY24/25 REVENUES PID Assessments $ 256,457 $ 264,151 $ 272,076 $ 280,238 $ 288,645 EXPENSES Management Fee $ 17,800 $ 18,156 $ 18,519 $ 18,890 $ 19,267 City Administrative Fee 5,129 5,283 5,442 5,605 5,773 Security 219,528 218,091 232,126 236,387 244,884 Insurance 6,000 6,600 7,260 7,986 8,784 Community Marketing/Events 3,000 3,500 3,700 3,800 4,000 Audit/Annual Review 2,500 2,500 2,500 2,500 2,500 Communications 2,500 2,500 2,500 2,500 2,500 Total Budgeted Expenses $ 256,457 $ 256,630 $ 272,047 $ 277,668 $ 287,708 Contribution to Fund Balance - 7,521 29 2,570 937 Net Change in Fund Balance $ - $ 7,521 $ 29 $ 2,570 $ 937 Estimated Fund Balance,Beginning of Year 35,222 35,222 42,743 42,772 45,342 Estimated Fund Balance,End of Year 35,222 42,743 42,772 45,342 46,279 Reserve Requirement 35,222 42,743 42,772 45,341 46,278 Over(Under)Reserve $ - $ - $ - $ 1 $ 1 •FY2021 Assessment Rate=$.266 rucc;x 377 _' —^Haltom_CiJ yft_H0TT-RE -9fR--i Sylvania 0 �LL 0' RACE F Quatlbit Porker C} 15T 2 -amppC4 RA70`N 4 TH qLU . o 0D �� BR11)Gt BRENTW000 STAIR Gatewa; Q G is Ferl Y ur.Ur o. Woof Dab Gk1;Rf4d ;Lake, CK Z Nature SNature I.; Golf Course Z Q 4 Argo' v t,1Ftr+^ Tandy Hills O� Nature Area Tandy Stratford MEADOW&ROOK O Sycamarc �p� 180 LU Creek Golf z CRAIG W VICKERY HAMPS141RE lenwood Sycamore i ROSEDA✓ .E MADDOX AVE J . ¢ a 87 ;tt,s � w k'pu s.01 O w Y Z. t. kstovcr RAMEY u p m f�unrJ:e W - LU CRENSHAW LU o` u j g,3 . Cobb > 6itl?R y w w ❑ u GLEN 287 ` .,a_ 41 + � EASTLAND > t - � �� ;r�1:ta►t; �� William r _ - uw a rd — LU Ix WILBARGER z- FORT WORTH® J PID 20: East Lancaster Source:Planning and DataAnalytic`s` 3 9 Date:July 2020 i ®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 only the approximate relative location of property boundaries.The City of Fort Worth assumes no responsibility for the accuracy of said data. i _ i 0 2,500 5,000 10,000 Feet N City of Fort Worth, Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0579 LOG NAME: 13FMS PID20FY21 SUBJECT (CD 5 and CD 8)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 20-East Lancaster Avenue,Approve Fiscal Year 2020-2021 Budget in the Amount of$256,457.00 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$0.266 Per Each$100.00 of Properly Value,Authorize Execution of an Agreement with FirstService Residential Texas PID,LLC.,in the Amount of$17,800.00 to Manage the Fort Worth Public Improvement District 20-East Lancaster Avenue,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 properly located in Fort Worth Public Improvement District 20-East Lancaster Avenue for the 2020 tax year; 2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of$256,457.00 and Five-Year Service Plan for Fort Worth Public Improvement District 20-East Lancaster Avenue; 3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 20-East Lancaster Avenue,on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 20-East Lancaster Avenue for the 2020 tax year at a rate of$0.266 per each$100.00 of properly value; 5. Authorize the execution of an Agreement with FirstService Residential Texas PID,LLC.,in the amount of$17,800.00 to provide management of the improvements and services for Fort Worth Public Improvement District 20-East Lancaster Avenue during Fiscal Year 2020-2021;and 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID#20-East Lancaster Ave Fund in the amount of$256,457.00 from available funds. DISCUSSION: On February 12,2019,the City Council adopted Resolution No.5052-02-2019,establishing Fort Worth Public Improvement District 20-East Lancaster Avenue(East Lancaster Avenue 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 East Lancaster Avenue PID and the proposed assessments to be levied on each property in the East Lancaster Avenue 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 East Lancaster Avenue PID during the 2020-2021 Fiscal Year and the costs thereof are as follows: Fiscal Year 2021 Budget Improvements Total Budgeted Cost Management Fee $17,800.00 City Administrative Fee $5,129.00 Security Patrols $219,528.00 Insurance $6,000.00 Community Marketing/Events $3,000.00 Audit/Annual Review $2,500.00 Communications $2,500.00 Total Expenses $256,457.00 The total budgeted costs of the improvements and services are in the amount of$256,457.00.The entire amount of$256,457.00 will be funded by assessments collected on privately owned parcels located in the East Lancaster Avenue PID by applying a rate of$0.266 per each$100.00 of property value. For fiscal year 2020(tax year 2019) PID 20 levied an assessment of$0.27 per$100.00 of property value.The PID experienced growth in net taxable value equal to$5,402,638.00,or 6%,allowing for the assessment rate to be reduced by$0.004.Thus,the recommended Fiscal Year 2020-2021 (tax year 2020)assessment rate is$0.266 per$100.00 of taxable property value. 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 East Lancaster Avenue 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 East Lancaster Avenue PID on August 7,2020,in accordance with state law. The East Lancaster Avenue PID is located in COUNCIL DISTRICTS 5&8. 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#20-East Lancaster Ave 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