HomeMy WebLinkAboutOrdinance 24775-04-2021ORDINANCE NO. 24774-04-2021
AN ORDINANCE INCREASING RECEIPTS AND APPROPRIATIONS IN THE
FORT WORTH PUBLIC IMPROVEMENT DISTRICT 20-EAST LANCASTER, IN
THE AMOUNT OF $36,000.00, 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
Improvement District Fund 20-East Lancaster, in the amount of $36,000.00, from available unreserved fund
ba lance, for the purpose funding midyear adjustments.
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 cumulative 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said prior ordinances and appropriations are hereby expressly repealed.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 shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney Mary J . Kayser
ADOPTED AND EFFECTIVE: April 6, 2021
ORDINANCE NO. 24775-04-2021
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/06/21 M&C FILE NUMBER: M&C 21-0229
LOG NAME: 17PID20 M1DYEARFY21
SUBJECT
(CD 5 and CD 8) Adopt Attached Resolution Amending the Fiscal Year 2020-2021 Budget and Five-Year Service Plan for Public Improvement
District 20 -East Lancaster Avenue 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 20 -East Lancaster Avenue 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 20 -East
Lancaster Avenue Fund in the amount of $36 ,000.00, from available , unreserved fund balance.
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 PID Policy outlines the need to proactively work with the PIO 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 20 -East Lancaster Avenue (East Lancaster PIO) Annual Budget (Budget)
and recommend the following adjustments.
The City contracts with FirstService Residential Texas PID, LLC (FirstService) to manage the East Lancaster PIO . FirstService has identified the
need to increase the East Lancaster Budget by $36 ,000.00 to cover expenses associated with increases to security for increased patrols and
installation of security cameras. 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 Previously Recommended
to be Approved FY21 Mid-Year
Adjusted Budget Item Adjustment
PIO $256,457.00 $0.00 Assessments
Use of Fund $0.00 $36, ::::. Balance
Totals $256,457.00 $36,000.00
Expenditure adjustments :
Line items
to be
Adjusted
Previously Recommended
Approved FY21 Mid-Year
Budget Item Adjustment
Amended
FY21 Budget
Item
$256,457.00
~---
'
$292,457.00
Amended
FY21 Budget
Item
$261,528.00
$0.00
$261,528.00
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 recommendations, the total budgeted expenses for Fiscal Year 2020-2021 will remain at $292 ,457 .00. This
mid-year budget adjustment will decrease the unaudited, unassigned fund balance by a total of $36,000.00. The revised Budget and Five-Year
Service Plan will take effect upon approval by City Council. The City and FirstService will update the existing contract to reflect the mid-year
adjustment (City Secretary Contract No . 54793).
The East Lancaster PIO is located in COUNCIL DISTRICTS 5 & 8 .
A Form 1295 is not required because : This 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 #20 -East Lancaster Ave Fund. Prior to any expenditure being
incurred, the Econom ic 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 Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808