HomeMy WebLinkAboutResolution 4088-05-2012A Resolution
NO. 4088 -05 -2012
APPROVING AN AMENDED BUDGET FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 12
(CHAPEL HILL PID)
FOR FISCAL YEAR 2011 -2012
WHEREAS, pursuant to Resolution No. 3060 the City Council created the Fort Worth Public
Improvement District No. 12 (the "Chapel Hill PID ") on March 23, 2004; and
WHEREAS, in accordance with Chapter 372 of the Texas Local Government Code, on
September 13, 2011 the City Council approved a budget for the 2011 -2012 fiscal year and a five -year
service plan for the Chapel Hill PID pursuant to M &C BH -273; and
WHEREAS, pursuant to City Secretary Contract No. 43003, the City has contracted with RTI
Community Management Associates, Inc. ( "CMA") to manage the day -to -day administration of the
Chapel Hill PID for the 2011 -2012 fiscal year; and
WHEREAS, in accordance with Section 372.013(a) of the Texas Local Government Code, the
City has assigned to the CMA the responsibility for preparing the annual budget and five -year service
plan for the Chapel Hill PID; and
WHEREAS, in accordance with the City's Policy and Guidelines for Public Improvement
Districts, adopted by the City Council pursuant to Resolution No. 3711 -02 -2009, City staff annually
conducts mid -year reviews of all PID budgets to ensure that actual PID expenditures correspond with
budgeted expenses; and
WHEREAS, in consultation with the CMA, and upon approval of the PID advisory body,
regarding actual PID expenditures and necessary programs and services required to date, City staff
recommends that the City Council approve an amended budget for the Chapel Hill PID for the 2011-
2012 fiscal year;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1. The following amended budget for the Chapel Hill PID is hereby approved for the
remainder of the 2011 -2012 fiscal year:
11 a
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City of Fort Worth
AMENDED FIVE YEAR SERVICE PLAN
Public Improvement District #12 - Chapel Hill
FY11/12 FY12/13
REVENUE
PID Assessments 50,000 55,000
Prior Year's Assessments 2,000 3,000
Total Revenues $ 52,000 $ 58,000
EXPENSES
FY13/14 FY14/15 FY15/16
63,000 70,000 85,000
7,000 10,000 10,000
$ 70,000 $ 80,000 $ 95,000
Management Fee
8,000
8,000
8,000
10,000
10,000
Water
5,000
5,300
6,000
7,000
9,000
Utilities
4,300
5,000
5,500
6,500
7,500
Landscape Maintenance Program
22,500
26,000
28,000
31,000
33,000
Fence Maintenance
-
-
2,000
2,000
3,000
Security /Code Blue Programs
3,400
-
500
1,000
1,200
Communications /Newsletters
200
800
600
1,000
800
Marketing
-
-
100
200
300
Social Programs /Holiday Lighting
200
500
600
800
3,000
Capital Improvements
-
-
-
3,500
4,000
Replacements
-
-
3,000
1,000
5,000
Insurance
2,600
2,600
2,800
3,000
3,200
Annual Review (Audit)
800
800
900
1,000
1,000
City Administration Fee
2,000
2,000
2,000
2,000
2,000
Budget Expenses
Estimated Operating Reserve
$ 49,000 $ 51,000 $ 60,000 $ 70,000 $ 83,000
3,000 7,000 10,000 10,000 12,000
Total Expense 52,000 58,000 70,000 80,000 95,000
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 5/15/2012 - Resolution No. 4088 -05 -2012
DATE: Tuesday, May 15, 2012 REFERENCE NO.: * *G -17593
LOG NAME: 17PID12NEWBUDFY12
SUBJECT:
Adopt Resolution Approving Revised Fiscal Year 2011 -2012 Budget and Service Plan for Public
Improvement District No. 12, Chapel Hill Public Improvement Districts (COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the City Council adopt the attached Resolution approving a revised 2011 -2012
Fiscal Year Budget and Service Plan for Public Improvement District No. 12, Chapel Hill Public
Improvement Districts.
DISCUSSION:
On September 13, 2011, (M &C BH -273) the City Council adopted a Budget and Service Plan for the
Chapel Hill Public Improvement Districts (PID) for the 2011 -2012 Fiscal Year.
The City of Fort Worth's (City) Policy and Guidelines for PID provides for Staff to administer and oversee
all PIDs. The Staff conducts a mid -year review of the annual budget of all PIDs and recommends
adjustments as needed so that actual PID expenditures reasonably correspond with budgeted expenses.
If funds are available after collection of final assessments, these adjustments may allow for additional
proposed PID projects that were discussed in the City Council's public hearing concerning the
assessments but that were not included in the original budget. The proposed revisions to the Chapel Hill
PID Budget and Service Plan for the 2011 -2012 Fiscal Year, with corresponding explanations, are as
follows:
Line Item
Previously
Recommended
'Amended
Approved
Mid -Year
Budget
Budget
Adjustments
,
Management Fee
$ 8,000.00
$ 0.00
$ 8,000.00
Water
$ 5,000.00
$ 0.00
$ 5,000.00
1. Utilities
$ 4,500.00
($ 200.00 )
$ 4,300.00
2. Landscape Maintenance
$25,000.00
($2,500.00)
$22,500.00
Program
3. Security /Code Blue $ 0.00
Programs
4. Comm unications /Newsletters$
5. Social Programs /Holiday $
Lighting i
Insurance $
$ 3,400.00 $ 3,400.00
600.00 ($ 400.00) $ 200.00
500.00 ($ 300.00) $ 200.00
2,600.00 $ 0.00 $
2.600.00
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Annual Review (Audit)
$ 800.00
$
0.00
$ 800.(
City Administration
$ 2,000.00
$
0.00
$
2,000.00
Estimated Operating Reserve
$ 3,000.00
$
0.00
$
3,000.00
TOTAL
$52,000.00
0
$
0.00
_
$
52,000.00
Explanation:
1. Utilities: A decrease of $200.00;
2. Landscape Maintenance Program: A decrease of $2,500.00;
3. Security /Code Blue Programs: An increase of $3,400.00 based on the allocation of funds from
approved line items for a security patrol program from May through September due to an increase in
crime;
4. Communications /Newsletters: A decrease of $400.00; and
5. Social Programs /Holiday Lighting: A decrease of $300.00.
Upon adoption of the resolution, the revised budget and plan of service will take effect.
The Chapel Hill PID is located in COUNCIL DISTRICT 7.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on City
funds.
FUND CENTERS:
TO Fund /Account /Centers
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
FROM Fund /Account/Centers
Fernando Costa (6122)
Jay Chapa (5804)
Sylvia Flores (8550)
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