HomeMy WebLinkAbout(0037) PID 19 RESOLUTION (MID YEAR ADJUSTMENT) (2019-2020) (2).pdfA Resolution
NO.
APPROVING AN AMENDED BUDGET AND FIVE-YEAR SERVICE PLAN FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.19 (HISTORIC CAMP BOWIE
PID) FOR FISCAL YEAR 2019-2020
WHEREAS, pursuant to Resolution No. 4966-08-2018, the City Council established the Fort
Worth Public Improvement District No. 19 (the "Historic Camp Bowie PID") on August 14, 2018;
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 Historic Camp Bowie PID pursuant to M&C 19-0102;
WHEREAS, pursuant to City Secretary Contract No. 52908, the City has contracted with Camp
Bowie District, Inc., ("Contractor") to manage the day-to-day administration of the Historic Camp
Bowie 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 Contractor the responsibility for preparing the annual budget and five-year service
plan for the Historic Camp Bowie 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 the Contractor 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 Historic Camp Bowie 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 Historic Camp Bowie 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
ATTEST:
By:
Mary J. Kayser, City Secretary
2020.
EXHIBIT A
City of Fort Worth
Five Year Service Plan - FY 2019/2020 (Mid Year Adjustment)
Public Improvement District No. 19 - Historic Camp Bowie
REVENUES
PID Assessments
COFW Assessment
COFW Payment in lieu of Services
PID Generated Revenue
Budget Revenues
Use of Funds Balance
Trial Balance
Total Revenues
EXPENSES
Management Fee
Beautification
Beautification - Utilities
Beautification - Maintenance
Litter Abatement
Security
Marketing & Promotion
Communication
Insurance
Audit
City Administrative Fee
City Administrative Audit
Budget Expenses
Total Expenses
FYE 19/20
FYE 20/21
FYE 21/22
FYE 22/23
FYE 23/24
$352,771
$454,410
$477,130
$500,987
$526,036
17.791
17.791
17.791
17.791
17.791
$370,562
307,539
$472,201
-
$494,921
-
$518,778
-
$543,827
-
$678,101
$472,201
$494,921
$518,778
$543,827
90,112
94,440
98,984
103,756
108,765
222,460
81,551
87,365
93,469
99,740
20,000
21,000
22,050
23,153
24,310
90,256
92,000
96,600
101,430
106,502
78,720
80,000
84,000
88,200
92,610
24,960
24,960
24,960
24,960
24,960
99,381
28,828
30,269
31,783
33,372
28,000
24,000
24,000
24,000
25,200
6,700
7,035
7,387
7,756
8,144
6,000
6,300
6,615
6,946
7,293
9,011
9,462
9,935
10,432
9,892
2,500
2,625
2,756
2,894
3,039
678,101
472,201
494,921
518,777
543,827
$678,101
$472,201
$494,921
$518,777
$5439827