HomeMy WebLinkAboutOrdinance 25096-09-2021 ORDINANCE NO. 25096-09-2021
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FISCAL YEAR 2021-2022 FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 21 — LAS VEGAS TRAIL IN THE AMOUNT OF
$311,851.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF PROVIDING
IMPROVEMENTS AND SERVICES TO THE PUBLIC IMPROVEMENT
DISTRICT 21- LAS VEGAS TRAIL; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH;
AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2021-2022 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Fiscal
Year 2021-2022 Fort Worth Public Improvement District 21 —Las Vegas Trail in the amount $311,851.00,
from available funds,for the purpose providing improvements and services to the Public Improvement District
21-Las Vegas Trail during Fiscal Year 2021-2022.
SECTION 2.
That should any portion,section or part of a section of this ordinance be declared invalid, inoperative or void
for any reason by a court of competent jurisdiction,such decision,opinion or judgment shall in no way impair
the remaining portions,sections,or parts of sections of this ordinance,which said remaining provisions shall
be and remain in full force and effect.
SECTION 3.
That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal government
of the City of Fort Worth for the ensuing Fiscal Year beginning October 1,2021, and ending September 30,
2022, and all other ordinances and appropriations amending the same except in those instances where the
provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which
instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Nico Arias(Sep23,2D2111:20 CDT)
Assistant City Attorney Ronald P. Gonzales
Acting City Secre. FORT
ADOPTED AND EFFECT]VE: September 21,2021 U
-4FXAS
City of Fort worth
Five Year Service Plan
Public Improvement District No.21-Las Vegas Trail
FY 21/22 FY 22123 FY 23124 FY 24126 FY 26/26
REVENUES
PID Assessments $ 311,851 $ 346,656 $ 354,160 $ 361,255 $ 368,480
Total Budgeted Revenue $ 311,861 $ 346,666 $ 353,589 $ 360,661 $ 367,874
EXPENSES
Management Fee $ 25,000 $ 25,500 $ 26,010 $ 26,530 $ 27,061
Public Safety 128,409 161,089 163,186 166,450 169,779
Community Center Operations 76,140 115,818 118,134 120,497 122,907
Community Enhancement 15,938 33,851 34,528 35,219 35,923
City Administrative Fee 6,237 6,933 7,072 7,213 7,357
City Audit 2,500 2,500 2,500 2,500 2,500
Total Budgeted Expenses $ 254,224 $ 345,691 $ 361,430 $ 368,409 $ 365,527
Contribution to Fund Balance 57,627 965 2,159 2,252 2,347
Total Expenses $ 311,861 $ 346,666 $ 353,589 $ 360,661 $ 367,874
Net Change in Fund Balance $ 57,627 $ 965 $ 2,159 $ 2,252 $ 2,347
Fund Balance,Beginning of Year(Estimated Yrs 2-5) - 57,627 58,592 60,751 63,003
Estimated Fund Balance,End of Year 57,627 58,592 60,751 63,003 65,350
Reserve Requirement 57,627 58,583 59,747 60,933 60,933
Over(Under)Reserve $ - $ 9 $ 1,004 $ 2,070 $ 4,417
'FY2022 Assessment Rate=$.10
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/21/21 M&C FILE NUMBER: M&C 21-0710
LOG NAME: 17ED PID21FY22
SUBJECT
(CD 3)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 21 —Las Vegas Trail,Adopt the Attached Ordinance(1)
Approving and Adopting the Fiscal Year 2021-2022 Budget, Five-Year Service Plan,Assessment Plan,and Tax Year 2021 Assessment Roll,and
(2)Levying Special Assessments for the 2021 Tax Year at a Rate of$0.10 Per Each$100.00 of Property Value,Authorize Execution of an
Agreement with FirstService Residential Texas PID, LLC., in the Amount of$25,000.00 to Manage the Fort Worth Public Improvement District 21
—Las Vegas Trail,and Adopt Attached Appropriation Ordinance
(PUBLIC HEARING-a. Report of City Staff: Crystal Hinojosa; 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 21 —Las Vegas Trail(Las Vegas Trail PID)for the 2021 tax year;
2. Adopt the attached ordinance(1)approving and adopting the fiscal year 2021-2022 budget in the amount of$311,851.00,five-year service
plan,assessment plan,and tax year 2021 assessment roll(on file with the City Secretary)for the Las Vegas Trail PID;and(2)levying special
assessments on privately-owned property located in the Las Vegas Trail PID for the 2021 tax year at the rates of$0.10 per each$100.00
of property value(SAP and Assessment Ordinance);
3. Direct the City Secretary to record a copy of the SAP and Assessment Ordinance in the real property records of Tarrant County,Texas no
later than the seventh(7th)day after adoption by the City Council;
4. Authorize the execution of an agreement with FirstService Residential Texas PID, LLC., in the amount of$25,000.00 to provide management
of the improvements and services for the Las Vegas Trail PID during Fiscal Year 2021-2022;and
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
21-Las Vegas Trail Fund in the amount of$311,851.00 from available funds.
DISCUSSION:
On June 22,2021,the Mayor and City Council adopted Resolution No.5428-06-2021 establishing Fort Worth Public Improvement District No.21,
Las Vegas Trail(Las Vegas Trail PID).State law requires an annual report on the proposed budget and five-year service plan for the Las Vegas
Trail PID,which is attached.
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2021-2022 budget and five-year service plan
for the Las Vegas Trail PID and the proposed assessments to be levied on each property in the Las Vegas Trail PID for the 2021 tax
year. Following the public hearing,it is recommended that the City Council take the following actions: adopt the attached ordinances(1)
approving and adopting the budget,five-year service plan,assessment plan,and assessment roll; (2)levying the proposed assessments;and(3)
appropriating funds.
The improvements and services to be provided in the Las Vegas Trail PID during the 2021-2022 Fiscal Year and the costs thereof are as follows:
Fiscal Year 2022 Budget
Improvements Total Budgeted Cost
Management Fee $25,000.00!
Public Safety $128,409.00j
Community Center Operations $76,140.00
Community Enhancement $15,938.00i
City Audit $2,500.0011
City Administrative Fee $6,237.001
Contribution to Fund Balance $57,627.00
Total Expenses $311,851.00
The total budgeted costs of the improvements and services are in the amount of$311,851.00.The entire amount of$311,851.00 will be funded by
assessments collected on privately owned parcels located in the Las Vegas Trail PID by applying a rate of$0.10 per each$100.00 of property
value.
On September 14,2021,the City Council conducted a public hearing to receive comments on the proposed 2021-2022 Fiscal Year budget,five-
year service plan,and 2021 assessments for the Las Vegas Trail PID. Notice of the September 14,2021, benefit hearing and this hearing were
published in the Fort Worth Star-Telegram and mailed to all owners of property on record in the Las Vegas Trail PID on August 27,2021, in
accordance with state law.
The Las Vegas Trail PID is located in COUNCIL DISTRICT 3
FISCAL INFORMATION I CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2021-2022 Budget by the
City Council,funds will be available in the Fiscal Year 2022 operating budget, as appropriated, of the FWPID#21 —Las Vegas Trail 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: Robert Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808
Expedited