HomeMy WebLinkAbout(0097) M&C 19-0094City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/20/19 M&C FILE NUMBER: M&C 19-0094
LOG NAME: 13FMS PID6FY20 BENEFIT
SUBJECT
Conduct Public Benefit Hearing Regarding the Proposed Fiscal Year 2019-2020 Budget, Five -Year Service Plan and Proposed 2019
Assessment for Public Improvement District No. 6, Park Glen (COUNCIL DISTRICT 4) (PUBLIC HEARING - a. Report of City Staff: Angela
Estrada; b. Citizen Presentations; c. Council Action: Close Public Hearing and Approve the M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing to receive comments on the proposed budget, Five -Year Service Plan and proposed assessment for Fort
Worth Public Improvement District No. 6, Park Glen, for Fiscal Year 2019-2020;
2. Approve the filing of the proposed 2019 Assessment Roll for the Park Glen Public Improvement District with the City Secretary for public
inspection; and
3. Set a public benefit hearing for August 27, 2019 at 7:00 p.m., for final approval of the Park Glen Public Improvement District's Fiscal Year 2019-
2020 Budget, Five -Year Service Plan, and 2019 Assessment.
DISCUSSION:
On September 29, 1998, the Mayor and City Council adopted Resolution No. 2453 establishing the Park Glen Public Improvement District (PID).
State law requires an annual report on the proposed budget and Five -Year Service Plan for the PID, which is attached. The general nature of the
proposed improvements and/or services to be provided in the PID include:
• A Landscaping, Construction, and Maintenance Program consisting of the planting and maintenance of special supplemental landscaping
and maintenance of supplemental irrigation systems, fountains, ponds, and parks;
• Special lighting and fence maintenance in and along boulevards, parks, and open spaces;
• Supplemental public safety and security services;
• A Public Events Program consisting of recreational activities, special events, and holiday lighting;
• Capital improvements benefitting the PID; and
• A management program to provide for the administration, management, and operation of the PID, which will include a key person to respond
to neighborhood issues and the unique daily needs of the property owners within the PID.
The City's Payment In -Lieu of Services, which is a line item listed on the Five -Year Service Plan, will require a transfer of City funds. The City's
Payment In -Lieu of Services is a supplement to the PID budget and intended to provide for the standard level of improvements and services as
comparable to what would be provided by the City for the taxpayers generally.
On February 13, 2018, the City Council adopted a Revised Policy for Operating Public Improvement Districts (Resolution 4905-02-2018), which
sets forth the City's administrative fee structure for all PIDs. The City's administrative fee is set at the greater of: (1) two percent (2%) of the
projected externally generated revenue for that year, to include special assessments and any City contributions; or (2) $2,000.00.
The proposed 2019 Assessment Rate on property subject to assessment in the PID is $0.155 per each $100 of valuation for residential properties
and $0.035 per each $100 of valuation for commerical properties. The proposed 2019 Assessment Roll for the PID will be filed with the City
Secretary and available for public inspection during normal business hours at any time prior to the August 27, 2019 Public Benefit Hearing.
For fiscal year 2019 (tax year 2018) PID 6 levied an assessment rate of $0.165 cents for each $100 of property value for residential property and
$0.035 cents for each $100 of property value for commercial property. The PID experienced growth in net taxable value equal to 9%, or
$89,249,218 allowing the residential assessment rate to be reduced by $0.01. Thus, the recommended fiscal year 2020 (tax year 2019)
assessment rate is $0.155 for residential and $0.035 for commercial per $100 of property value. Even with the lower assessment rate, revenue
growth year over year is $31,172 or 2.0%.
A Form 1295 is not required for this contract because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that this action will have no material effect on City funds. Subsequent actions will formally establish the
assessment rate and the corresponding budget for Fiscal Year 2020.
Submitted for City Manager's Office by. Kevin Gunn 2015
Originating Business Unit Head: Reginald Zeno 8500
Additional Information Contact: Angela Estrada 8511