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Home My WebLink AboutOrdinance 20361-09-2012Ordinance No. 20361-09-2012 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE AMOUNT OF $26,571.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING ASSESSMENT'S, FOR THE PURPOSE OF ADMINISTRATIVE FEES FOR THE PUBLIC IMPROVEMENT DISTRICT 7 DURING FISCAL YEAR 2012-2013; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMLrLATIVE 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 2012-2013 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Special Trust Fund in the amount of $26,571.00, from available funds, contingent upon the adoption of the ordinance levying assessments, for the purpose of administrative fees for the Public Improvement District 7 during Fiscal Year 2012-2013. 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 orjudgment 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, 2012, and ending September 30, 2013, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. iAPPROVED AS � 0 FO AND LEGALITY: Assistant ttorney City AND EFFECTIVE: September 11, 2012 City of Fort Worth Budget and Five Year Service Plan Public Improvement Distrct No.7 - Heritage FY 12/13 FY 13/14 FY 14/15 FY 15/16 FY 16/17 REVENUES PID Assessments 1,328,545 1,369,252 1,405,417 1,414,854 1,414,864 City Payment In -Lieu of Services 173,362 173,362 173,362 173,362 173,362 Prior Years' Assessments 413,800 380,227 380,491 387,232 390,030 Builder Initiation Fee 12,000 7,000 5,000 3,000 0 Total Revenues $1,927,707 $1,929,841 $1,964,270 $1,978,448 $1,978,256 EXPENSES Management Fee 161,046 165,328 165,961 166,924 166,924 Water 240,000 242,000 244,000 246,000 248,000 Utilities 25,500 26,453 27,176 27,976 27,976 Landscape/Tree Maintenance 719,324 725,000 727,000 729,000 731,000 Fence Maintenance 72,000 53,400 54,880 56,176 58,035 Common Area Maintenance 52,500 56,000 54,000 55,000 56,000 Holiday Lighting 20,000 30,000 31,000 32,000 33,000 Security Enhancements 50,000 50,000 50,000 50,000 50,000 Public Events 60,319 64,810 65,000 65,000 65,000 Capital Improvements 113,023 101,553 122,328 124,345 116,232 Insurance 5,197 5,300 5,400 5,500 5,600 Annual Review 2,000 2,122 2,185 2,200 2,200 City Administration Fee 26,571 27,385 28,108 28,297 28,297 Budget Expenses $1,547,480 $1,549,350 $1,577,038 $1,588,418 $1,588,264 Estimated Operating Reserve 380,227 380,491 387,232 390,030 389,992 Total Expenses $1,927,707 $1,929,841 $1,964,270 $1,978,448 $1,978,256 City of Fort Worth., Texas Mayor and Council Communication DATE: Tuesday, September 11.2012 REFERENCE NO.:BH-286 LOG NAME: 17P|O07BENHEAR2012 SUBJECT: Conduct Public Benefit Hearing for Public Improvement District 7. Heritage P|D, Concerning the Proposed 2012-2013 Budget and Five-Year Service Plan and Proposed Assessment Roll, Authorize Transfer iD the Amount of$173.302.U0 from the General Fund tothe Special Assessment District Fund for the City's Payment /n Lieu of Services, Adopt Ordinance Levying Special Assessments for the 2O12Tax Year, Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special Assessment District Fund and Special Trust Fund for Fiscal Year 2012-2013 and Authorize Execution of an Agreement with Premier Communities Management Company to Manage the District (COUNCIL DISTRICTS 4 and 7) RECOMMENDATION: KiS recommended that the City Council: 1. Conduct public benefit hearing concerning the proposed special assessments on property located in Public Improvement District 7. Heritage P|D for the 2O12 tax year; 2. Approve the attached 2012-2013 Fiscal Year budget and five-year service plan for the Heritage PID; 3. Adopt the attached ordinance levying special assessment on property in the Heritage P|D subject to assessment inthe 2012 tax year; 4. Authorize the transfer in the amount of $173'362.00 from the E)8nero| Fund to the Special AonmnarOeDt District Fund, Public Improvement District 7 Fiscal Year 2O12-2O13 Project Account for the City's payment in-lieu ofsan/ines� 5. Adopt the attached appropriation ordinance increasing eohmolad receipts and appropriations in the Public Improvement District 7 Fiscal Year 2012-2013 Project Account ofthe Special Assessment District Fund in the amount Of$1.501.9O7.00 from available funds; 6. Authorize the transfer in the amount of $26,571.00 for administrative fees from the Special Assessment District Fund. Public Improvement District 7 Floom| Year 2012-2013 Project Account hothe Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments; 7. Adopt the attached appropriation ordinance increasing oaUmabsd receipts and appropriations in the Special Trust Fund inthe amount of$20.571.0O from available funds; and 8. Authorize the execution of an Agreement with Premier Communities Management Company to provide management and improvement services for the Heritage P|[)during Fiscal Year 2012-2813 for the sum in the amount of$161.048.0O. On September 26.2000.(M&C G-13021) the City Council adopted Resolution No. 2675 establishing Fort Worth Public Improvement District No. 7 (Heritage PID). The purpose Of this benefit hearing ioho receive comments from the public regarding the 2O12-2O13Fiscal Year budget and r service plan for the P|O and the proposed assessments to be levied on each property in the P\D for the 2012 tax year. Following the public hearing, it is recommended that the City Council approve the attached budget and five-year service plan of the P|D, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated receipts to the Heritage P|O'a fund. {}n August 21. 2012' (W1&C BH-279)the City Council conducted a public hearing to receive comments on the proposed 2012-2013 Fiscal Year budget and five-year service plan for the P|[J. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Heritage P|Din accordance with state law. The improvements and services to be provided in the PID during the 2012-2013 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Costs Vanagement Fee Water 240,00000 Landscape/Tree Maintenance $ 719,324.00 . .... . �Common Area $ 52,500.00 ,'Maintenance �Security Enhanceme'ent'l s' 56,006,00 jPublic Events 60,319.00 ,Capital Improve ents $ 113,023.00 City Administrative 26,571.00 Fee IReserve The total budgeted costs of the improvements are in the amount of $1,927,707.00. Of this amount, $1.328.545.00 will be funded by assessments collected on privately owned parcels located in the district by applying m rate of $0.21 cents per each $1O0.00of property value for residential property and $0.11 cents per each $1OO.O0of property value for commercial property. Lognarne: Page 2of3 The remainder nf the costs, inthe amount of$50S.102.OQ. will be funded bv other revenue sources: the amount of $173.302.0O from the City for payment \n|i8uofeonvicos;Mheonlountof$12.00D.O0 from the District's Builder Assessment of$2O0.U0 per lot; and the amount of $413.8OOD0 from prior year's assessments. The Heritage P|Dis located |n COUNCIL DISTRICTS 4 and 7. CERTIFICATION: FISCAL INFORMATION I The Financial Management Services Director certifies that upon approval of the above recommendations, and upon the adoption of the Fiscal Year 2012-2013 budget by the City Council to include the above n*mznnnnended \bann(s), funds will be available in the Fiscal Year 2013 Operating Budgets, as appropriated, of the Special Assessment District Fund, Special Trust Fund and General Fund. CENTERS: FUND TO Fund/Account/Centers FROM Fund/Account/Centers 6)7) FE72 481306 017587001000 $26,571.00 $26,571.00 CERTIFICATIONS: 7) FE72 511010 017587001000 4)5) GS87 488010 002507002000 5) GS87 488342 002507002000 5) GS87 539120 002507002000 $26,571.00 8) GS87 539120 002507002000 $173,362.00 4) GG01 539120 0808021 $1,328,545.00 Submitted for City Manager's Office by: Originatina Department Head: Additional Information Contact: Fernando Costa A5122\ JavChooa /5804\ Sylvia Flores (8550) Coy Gray (0203) ��6.00 Logname: Page 3of3