HomeMy WebLinkAbout(0025) PID 12 Resolution (FY 2019-2020) (2).pdfA Resolution
NO.
APPROVING AN AMENDED BUDGET AND FIVE-YEAR SERVICE PLAN FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.12
(CHAPEL HILL PID)
FOR FISCAL YEAR 2019-2020
WHEREAS, pursuant to Resolution No. 3060, the City Council established the Fort Worth
Public Improvement District No. 12 (the "Chapel Hill PID") on March 23, 2004;
WHEREAS, in accordance with Chapter 372 of the Texas Local Government Code, on August
27, 2019, the City Council approved a budget for the 2019-2020 fiscal year and a five-year service plan
for the Chapel Hill PID pursuant to M&C 19-0100;
WHEREAS, pursuant to City Secretary Contract No. 52904, the City has contracted with
FirstService Residential Texas PID, LLC ("FirstService") to manage the day-to-day administration of
the Chapel Hill PID for the 2019-2020 fiscal year;
WHEREAS, in accordance with Section 372.013(a) of the Texas Local Government Code, the
City has assigned to FirstService the responsibility for preparing the annual budget and five-year service
plan for the Chapel Hill PID;
WHEREAS, in accordance with the City's Policy and Guidelines for Public Improvement
Districts ("PIDs"), adopted by the City Council pursuant to Resolution No. 4905-02-2018, City staff
annually conducts mid -year reviews of all PID budgets to ensure that actual PID expenditures
correspond with budgeted expenses; and
WHEREAS, in consultation with FirstService regarding actual PID expenditures and necessary
programs and services required to date, City staff recommends that the City Council approve an
amended budget for the Chapel Hill PID for the 2019-2020 fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1. The Budget and Five Year Service Plan for the Chapel Hill PID is hereby amended and
approved for the remainder of the 2019-2020 fiscal year in accordance with Exhibit "A", which is
attached hereto.
2. This Resolution shall take effect immediately following its adoption.
Adopted this _day of ________ __ 2020.
ATTEST:
By: ------
Mary Kayser, City Secretary
EXHIBIT A
City of Fort Worth
Five Year Service Plan
Public Improvement District No. 12 - Chapel Hill
Mid Year Revision
FYI 9/20
FY20/21
FY21/22
FY22/23
FY23/24
REVENUES
PID Assessments
$69,361
$71,095
$72,872
$74,694
$76,562
Budget Revenues
$69,361
$71,095
$72,872
$74,694
$76,562
Use of Fund Balance
19,184
Total Revenues
$88,545
$71,095
$72,872
$74,694
$76,562
EXPENSES
Management Fee
13,872
10,763
11,032
11,307
11,590
City Administrative Fee
2,000
2,000
2,000
2,000
2,000
Utilities
36,430
37,341
38,274
39,231
40,212
Landscaping
22,393
14,290
14,647
15,013
15,388
Landscape Enhancements
2,000
-
-
-
-
Irrigation Repairs
5,000
525
550
600
625
Pond Maintenance
2,400
2,817
2,817
2,817
2,817
Pond Chemicals
325
350
350
350
350
Fountain Repairs
825
850
875
900
925
Website
800
-
-
-
-
Audit/Annual Review
2,500
1,000
1,000
1,000
1,000
Budget Expenses
889545
69,936
71,545
73,218
74,907
Contribution to Fund Balance
-
-
-
-
Total Expenses
$88,545
$69,936
$71,545
$73,218
$74,907