HomeMy WebLinkAbout(0081) M&C 20-0571City of Fort Worth,
Mayor and
DATE: 08/25/20
Texas
Council Communication
LOG NAME: 13FMS PID06FY21
SUBJECT
M&C FILE NUMBER: M&C 20-0571
(CD 4) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 6 - Park Glen, Approve Fiscal Year 2020-2021 Budget in the
Amount of $1,814,235.00 and Five -Year Service Plan, Approve Tax Year 2020 Assessment Roll, Adopt Ordinance Levying Special Assessments
for the 2020 Tax Year at a Rate of $0.155 Per Each $100.00 of Residential Property Value and $0.035 Per Each $100.00 of Commercial Property
Value, Authorize Execution of Agreement with FirstService Residential Texas PID, LLC, in the Amount of $129,924.00 to Manage Fort Worth
Public Improvement District 6 - Park Glen, and Adopt Appropriation Ordinance
(PUBLIC HEARING - a. Report of City Staff: Anthony Rousseau; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Fort Worth Public Improvement
District 6 - Park Glen for the 2020 tax year;
2. Approve the attached Fiscal Year 2020-2021 Budget in the amount of $1,814,235.00 and Five -Year Service Plan for Fort Worth Public
Improvement District 6 - Park Glen;
3. Approve the Tax Year 2020 Assessment Roll for Fort Worth Public Improvement District 6 - Park Glen, on file with the City Secretary;
4. Adopt the attached ordinance levying special assessments on the property located in Fort Worth Public Improvement District 6 - Park Glen
for the 2020 tax year at the rates of $0.155 per each $100.00 of residential property value and $0.035 per each $100.00 of commercial
property value;
5. Authorize the execution of an Agreement with FirstService Residential Texas PID, LLC, in the amount of $129,924.00 to provide
management of the improvements and services for Fort Worth Public Improvement District 6 - Park Glen during Fiscal Year 2020-2021; and
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the FWPID #6 - Park Glen Fund in the
amount of $1,814,235.00, from available funds.
DISCUSSION:
On September 22, 1998, the City Council adopted Resolution No. 2453 establishing Fort Worth Public Improvement District 6 - Park Glen (Park
Glen PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2020-2021 Fiscal Year Budget and Five -Year Service
Plan for the Park Glen PID and the proposed assessments to be levied on each property in the Park Glen PID for the 2020 tax year. Following the
public hearing, it is recommended that the City Council take the following actions: (a) approve the attached Budget and Five -Year Service Plan; (b)
approve the 2020 Tax Roll that is on file with the City Secretary, and (c) adopt the attached ordinances levying the special assessments and
appropriating funds.
The improvements and services to be provided in the Park Glen PID during the Fiscal Year 2020-2021 and the costs thereof are as follows:
Fiscal Year 2021 Budget
Improvements
Total Budgeted Cost
Management Fee
$129,924.00
Utilities
11 $158,000.00
Landscaping
$845,133.00
Common Area Maintenance
$213,295.00
Holiday Decoration
$23,000.00
Security Enhancements
$206,100.00
Communications
1 $14,000.00
Public Events
$34,000.00
Capital Improvements
$106,000.00
Insurance
1 $36,398.00
Annual Review
$12,100.00
City Administrative Fee
$36,285.00
Total Expenses
$1,814,235.00
The total budgeted costs of the improvements and services are in the amount of $1,814,235.00. Of this amount, $1,614,679.00 will be funded by
assessments collected on privately owned parcels located in the Park Glen PID by applying a rate of $0.155 to each $100.00 of property value for
residential property and $0.035 to each $100.00 of property value for commercial property. The remaining $199,556.00 will be funded by direct
payments from the City for Payment -in -Lieu of Services. The assessment rates are the same as last year.
On August 18, 2020, the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2020-2021 Budget, Five -Year
Service Plan, and 2020 Assessment for the Park Glen PID. Notice of the August 18, 2020 benefit hearing and this hearing were published in the
Fort Worth Star - Telegram and mailed to all owners of property on record and liable for assessment within the Park Glen PID on August 7, 2020,
in accordance with state law. Included within those notices was a draft of the Fiscal Year 2020-2021 budget of $1,814,235.00. The informal Park
Glen Advisory Board recommended approval of the budget.
The Park Glen PID is located in COUNCIL DISTRICT 4.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the Fiscal Year 2020-2021 Budget by the City
Council, funds will be available in the Fiscal Year 2021 operating budget, as appropriated, of the FWPID #6 - Park Glen Fund. Prior to any
expenditure being incurred, the Financial Management Services Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office by: Jay Chapa 5804
Originating Business Unit Head: Reginald Zeno 8517
Additional Information Contact: Crystal Hinojosa 7808