HomeMy WebLinkAbout(0100) M&C 19-0095City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/20/19 M&C FILE NUMBER: M&C 19-0095
LOG NAME: 13FMS PID7FY20 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. 7, Heritage (COUNCIL DISTRICTS 4 and 7) (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. 7, Heritage, for Fiscal Year 2019-2020;
2. Approve the filing of the proposed 2019 Assessment Roll for the Heritage 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 Heritage Public Improvement District's Fiscal Year 2019-
2020 Budget, Five -Year Service Plan, and 2019 Assessment.
DISCUSSION:
On September 26, 2000, the Mayor and City Council adopted Resolution No. 2675 establishing the Heritage Public Improvement District
(PID).State law requires an annual report on the proposed budget and Five -Year Service Plan, which are 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 planting and maintenance of special supplemental landscaping
and the maintenance of supplemental irrigation systems, fountains, ponds, and parks;
• Specialty lighting and street sign maintenance along boulevards, parks, and open spaces;
• Select fence maintenance in and along boulevards, perimeters, and open spaces;
• Supplementary 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 includes 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 included as a line item 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 $0.17 for residential properties and $0.11 for commercial
properties per each $100 of valuation. 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 7 levied an assessment rate of $0.19 cents for each $100 of property value for residential property and
$0.11 cents for each $100 of property value for commercial property. The PID experienced growth in net taxable value equal to 2%, or
$20,461,272 allowing for the residential assessment rate to be reduced by $0.02. Thus, the recommended fiscal year 2020 (tax year 2019)
assessment rate is $0.17 per each $100 of value for residential property and $0.11 per $100 of property value for commercial property.
The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.
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 b� Kevin Gunn 2015
Originating Business Unit Head: Reginald Zeno 8500
Additional Information Contact: Angela Estrada 8511