HomeMy WebLinkAboutOrdinance 24771-04-2021ORDINANCE NO. 24771-04-2021
AN ORDINANCE INCREASING RECEIPTS AND APPROPRIATIONS TN THE
FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6-PARK GLEN, IN THE
AMOUNT OF $111,941.00, FROM AVAILABLE UNRESERVED FUND BALANCE,
FOR THE PURPOSE OF FUNDING MIDYEAR ADJUSTMENTS; 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 receipts and appropriations in the Fort Worth Public
Improve ment District Fund 6-P ark Glen, in the amount of $111,941.00, from available unreserved fund
balance , for the purpose funding midyear adjustments.
SECTION 2.
That should any po1tion , 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 cumu lative of Ordinance 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed .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 sha ll take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney Mary J. Kayser
ADOPTED AND EFFECTIVE: April 6, 2021
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/06/21
LOG NAME: 17PID6 MIDYEARFY21
SUBJECT
M&C FILE NUMBER: M&C 21-0224
(CD 4) Adopt Attached Resolution Amending the Fiscal Year 2020-2021 Budget and Five-Year Service Plan for Public Improvement District 6 -
Park Glen and Adopt Attached Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council :
1. Adopt the attached resolution approving the revised Fiscal Year 2020-2021 Budget and Five-Year Service Plan for Public Improvement
District 6 -Park Glen to reflect amendments associated with a mid-year review ; and
2 . Adopt the attached appropriation ordinance increasing receipts and appropriations in the Fort Worth Public Improvement District 6 -Park
Glen Fund in the amount of $111 ,941 .00 in Fiscal Year 2020-2021 , from available , unreserved fund balan ce .
DISCUSSION:
The City of Fort Worth Department of Economic Development administers the City's Public Improvement Districts (PIDs) in accordance with
Chapter 372 of the Texas Local Government Code. The City's Operating PIO Policy outlines the need to proactively work with the PID managers to
oversee the services being provided by the PIDs and their associated financial positions. Staff, along with the contracted PIO management
companies , have conducted mid-year reviews of the Public Improvement District 6 -Park Glen (Park Glen PIO) Annual Budget (Budget) and
recommend the following adjustments.
The City contracts with FirstService Residential Texas PIO , LLC (FirstService) to manage the Park Glen PIO. FirstService has identified the need
to increase the Park Glen PIO Budget by the use of fund balance in the amount of $111,941 .00 , in order to align expenses with actual activities in
the Budget and Five-Year Service Plan . The expense increase can be attributed primarily to increases to common area maintenance line item to
assist with wall maintenance and repair, and the removal of additional insurance line item. Removal of the insurance line item does not
relieve FirstService from acquiring insurance in the types and amounts required under the contract. All such insurance costs are built into the
current management fee .
Revenue adjustments :
Line Items to Previously Recommended Amended
be Adjusted Approved FY21 Mid-Year FY21 Budget
Budget Item Adjustment Item
PIO
I $1,614,679.001 $0.00 1$1 ,614 ,679 .00 Assessments
COFW
Payment in lieu $199 ,556 .00 $0 .00 $199 ,566.00
of Services
Use of Fund $0 .00 $111 ,941.00 $111 ,941 .00 Balance
!Totals II $1,814,235.ooll $111,941.001 $1,926, 176.oo
Expenditure adjustments:
Line Items Previoulsy Recommended Amended
to be Approved FY21 Mid-Year FY21 Budget
Adjusted Budget Item Adjustment Item
Common
Area $213,295 .00 $148 ,339.00 $361 ,634.00
Maintenance
Insurance $36 ,398 .00 ($36,398.00) $0 .00
Totals $249,693.00 $111,941.00 $361,634.00
Staff supports FirstService's recommended mid-year budget adjustments . All other previously approved line items not mentioned above remain
the same. Upon approval of the above recommendation, the total budgeted expenses for Fiscal Year 2020-2021 will remain at $1 ,926 ,176.00 . The
revised Budget and Five-Year Service Plan will take effect upon approval by City Council. The City and Fi rstService will update the exiting contract
to reflect the mid-year adjustment (City Secretary Contract No . 54792).
The Park Glen PIO is located in COUNCIL DISTRICT 4 .
A Form 1295 is not required because : Th is M&C does not request approval of a contract with a business entity .
FISCAL INFORMATION/ CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance , funds
will be available in the current operating budget, as appropriated , in the FWPID #6 -Park Glen Fund. Prior to any expenditure being incurred ,
the Economic Development Department has the responsibility to validate the availability of funds .
Submitted for City Manager's Office by: Jay Chapa 5804
Originating Business Unit Head: Robert Slums 2663
Additional Information Contact: Crystal Hinojosa 7808