HomeMy WebLinkAbout(0148) M&C 21-0635City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/14/21 M&C FILE NUMBER: M&C 21-0635
LOG NAME: 17ED PID15FY22 BENEFIT
SUBJECT
(CD 5) Conduct Public Benefit Hearing Regarding the Proposed Fiscal Year 2021-2022 Budget, Five -Year Service Plan, and 2021 Assessment
for Fort Worth Public Improvement District No. 15, Sun Valley, Approve the Filing of the Proposed 2021 Assessment Roll for the Sun Valley PID
with the City Secretary's Office, and Set Public Benefit Hearing
(PUBLIC HEARING - a. Report of City Staff: Crystal Hinojosa ; b. Public Comment; c. Council Action: Close Public Hearing and Act on 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 2021 Assessment for Fort
Worth Public Improvement District No. 15, Sun Valley, for Fiscal Year 2021-2022;
2. Approve the filing of the proposed 2021 Assessment Roll for Fort Worth Public Improvement District No. 15, Sun Valley, with the City
Secretary, which has been available for public inspection for more than ten days prior to the date of this hearing; and
3. Set a public benefit hearing for September 21, 2021, at 7:00 p.m., for final approval of the Fort Worth Public Improvement District No. 15,
Sun Valley, Fiscal Year 2021-2022 Budget, Five -Year Service Plan, and 2021 Assessment.
DISCUSSION:
On August 21, 2012, the Mayor and City Council adopted Resolution No. 4120-08-2012 establishing Fort Worth Public Improvement District No.
15, Sun Valley (Sun Valley PID).
State law requires an annual report on the proposed budget and Five -Year Service Plan for the Sun Valley PID, which is attached. The general
nature of the proposed improvements and/or services to be provided in the Sun Valley PID include:
• A Sun Valley PID security patrol program designed to increase the security, walkability, employee safety, and enhance the business
environment of the industrial park;
• Professional services —accounting;
• Various capital, beautification, and security -related improvements within the Sun Valley PID, including, but not limited to, lighting,
landscaping, signage, sidewalks, and street and drainage improvements;
• Marketing activities that include website development; and
• A Management Program to provide for the establishment, administration, and operation of the Sun Valley PID.
On December 15, 2020, the City Council adopted a Revised Policy for Operating Public Improvement Districts (Resolution 5312-12-2020), 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 2021 assessment rate on property subject to assessment in the PID is $0.24 per each $100.00 of valuation. Subsequent actions
will formally establish the assessment rate and the corresponding budget for Fiscal Year 2022. The proposed 2021 Assessment Roll for the Sun
Valley PID has been on file with the City Secretary and available for public inspection during normal business hours at any time prior to the
September 21, 2021 Public Benefit Hearing.
The Sun Valley PID is located in COUNCIL DISTRICT 5.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that approval of these recommendations will have no material effect on City 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