HomeMy WebLinkAboutOrdinance 20362-09-2012Ordinance No. 20362 -09 -2012
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 7 FISCAL YEAR
2012 -2013 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND
IN THE AMOUNT OF $1,501,907.00, FROM AVAILABLE FUNDS, CONTINGENT
UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS
FOR THE 2012 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT
AND IMPROVEMENT SERVICES FOR THE HERITAGE PID DURING FISCAL
YEAR 2012 -2013; 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 2012 -2013 in the
Budget of the City Manager, there shall also be increased estinrunted receipts and appropriations in the Public
Improvement District 7 Fiscal Year 2012 -2013 Project Account of the Special Assessment District Fund in
the amount of $1,501,907.00, from available funds, contingent upon the adoption of the ordinance levying
special assessments for the 2012 Tax Year, for the purpose of providing management and improvement
services for the Heritage PID 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 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, 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hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY:
Assistant Ciry A' Barney
ADOPTED AND EFFECTIVE: September 11, 2012
REVENUES
PID Assessments
City Payment In -Lieu of Services
Prior Years' Assessments
Builder Initiation Fee
Total Revenues
EXPENSES
Management Fee
Water
Utilities
Landscape/"Free Maintenance
Fence Maintenance
Common Area Maintenance
Holiday Lighting
Security Enhancements
Public Events
Capital Improvements
Insurance
Annual Review
City Administration Fee
Budget Expenses
Estimated Operating Reserve
Total Expenses
City of Fort Worth
$1,929,841
$1,964,270
Budget and Five Year Service Plan
$1,978,256
161,046
Public Improvement Distrct No.7 - Heritage
165,961
166,924
FY 12/13 FY 13/14 FY 14/15
FY 15/16
FY 16/17
1,328,545 1,369,252 1,405,417
1,414,854
1,414,864
173,362 173,362 173,362
173,362
173,362
413,800 380,227 380,491
387,232
390,030
12,000 7,000 5,000
3,000
0
$1,927,707
$1,929,841
$1,964,270
$1,978,448
$1,978,256
161,046
165,328
165,961
166,924
166,924
240,000
242,000
244,000
246,000
248,000
25,500
26,453
27,176
27,976
27,976
719,324
725,000
727,000
729,000
731,000
72,000
53,400
54,880
56,176
58,035
52,500
56,000
54,000
55,000
56,000
20,000
30,000
31,000
32,000
33,000
50,000
50,000
50,000
50,000
50,000
60,319
64,810
65,000
65,000
65,000
113,023
101,553
122,328
124,345
116,232
5,197
5,300
5,400
5,500
5,600
2,000
2,122
2,185
2,200
2,200
26,571
27,385
28,108
28,297
28,297
$1,547,480
$1,549,350
$1,577,038
$1,588,418
$1,588,264
380,227
380,491
387,232
390,030
389,992
$1,927,707 $1,929,841 $1,964,270 $1,978,448 $1,978,256
w
City of Fort Worth, Texas
Mayor and Council Communication
DATE: Tuesday, September 11.2O12 REFERENCE NO.:BH-286
LOG NAM8E:17P|CN7BENHEAR2O12
.
Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage P|[). Concerning the
Proposed 2012-2013 Budget and Five-Year Service Plan and Proposed Assessment RoU, Authorize
Transfer in the Amount of $173,362.00 from the General Fund to the Special Assessment District Fund for
the City's Payment in Lieu of Services, Adopt Ordinance Levying Special Assessments for the 2012 Tax
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)
It is 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|O for the 2O12 tax year;
2. Approve the attached 2012-2013 Fiscal Year budget and five-year service plan for the Heritage P|D;
3. Adopt the attached ordinance levying special assessment on property in the Heritage P|[) subject to
assessment in the 2O12 tax year;
4. Authorize the transfer in the amount of$173,362.O0from the General Fund to the Special Assessment
District Fund, Public Improvement District 7 Fiscal Year 2012'2013 Project Account for the City's payment
in-lieu of services;
,
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in
the Public |0pn3vennont District 7 Fiscal Year 2012-2013 Project Account ofthe Special Assessment
District Fund inthe amount of$1.501.0O7.O0 from available funds;
S. Authorize the transfer in the amount of $26.571.00 for administrative fees from the Special Assessment
C>iathnt Fund. Public Improvement District 7 Fiscal Year 2012-2013 Project Account to the Special Trust
Fund contingent upon the adoption of the attached ordinance levying assessments;
7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund in the amount mf$2G.571.UO from available funds; and
8. Authorize the execution of an Agreement with Premier Communities Management Company to provide
management and improvement aen/ioeo for the Heritage P|O during Fiscal Year 2012-2013 for the sum in
the amount Of$1O1.O4O.00.
DISCUSSION:
On September 26, 2000, (M&C G-13021) the City Council adopted Resolution No. 2075 establishing Fort
Worth Public Improvement District No. 7 (Heritage P|[J).
The purpose of this benefit hearing is to receive comments from the public regarding the 2012-2013 Fiscal
Year budget and five-year service plan for the MD and the proposed assessments to be levied on each
property in the MD 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|O. adopt the attached ordinance
levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated
receipts tothe Heritage P|O'afund.
On August 21.2O12.(K4&C BH-278) the City Council conducted a public hearing to receive comments nn
the proposed 2012-2013 Fiscal Year budget and five-year service plan for the P|[]. Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Heritage PID in
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
Yanagement Fee
$
161,046.00
Utilities
25,500.00
Landscape/Tree
$
719,324.00
M"a'intenance
lFence, Maintenance
$
72,000.00-
Common Area
�
52,500.00
lHoliday'Lighti'ng
2-0,000".'0'-0-
Ise'curity Enhancement
$
56,000'.00-
City Administrative
$
26,571.00
Reserve
ITotal Expenses
$1,927,707.00
The total budgeted costs of the improvements are in the amount of$1,925'.707.0O.CD this amount,
1.328.545.00 will be funded by assessments coUMo&md On phvohB|y owned parcels located in the district
by applying a rate of$O.21 cents per each $1UO.OUof property value for residential property and $O.11
cents per each $10O.O0of property value for commercial property.
The remainder of the costs, in the amount of $599,162.00, will be funded by other revenue sources: the
amount of $173,362.00 from the City for payment in lieu of services; the amount of $12,000.00 from the
District's Builder Assessment of $200.00 per lot; and the amount of $413,800.00 from prior year's
assessments.
The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.
FISCAL INFORMATION / CERTIFICATION:
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
recommended item(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.
FUND CENTERS:
TO Fund/Account/Centers
6)7) FE72 481306 017587001000
7) FE72 511010 017587001000
4)5) GS87 488010 002507002000
5) GS87 488342 002507002000
5) GS87 539120 002507002000
CERTIFICATIONS:
FROM Fund/Account/Centers
$26,571.00 6) GS87 539120 002507002000
$26,571,00 8) GS87 539120 002507002000
$173,362,00 4) GG01 539120 0808021
$1,328,545.00
$1,501 M7.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
Jay Chapa (5804)
Sylvia Flores (8550)
Coy Gray (6203)
$26,571.00
$161,046.00
$173,362.00
Logname: 17PID07BENBEAR2012 Page 3 of 3