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HomeMy WebLinkAbout(0095) M&C 21-0704City of Fort Worth, Texas Mayor and Council Communication DATE: 09/21/21 M&C FILE NUMBER: M&C 21-0704 LOG NAME: 17ED PID12FY22 SUBJECT (CD 7) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 12 - Chapel Hill; 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 $0.18 Per Each $100.00 of Property Value; Authorize Execution of Agreement with FirstService Residential Texas PID, LLC, in the Amount of $13,424.00 to Manage the Public Improvement District; 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 12 - Chapel Hill (Chapel Hill 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 $92,877.00, five-year service plan, assessment plan, and tax year 2021 assessment roll (on file with the City Secretary) for the Chapel Hill PID; and (2) levying special assessments on property located in the Chapel Hill PID for the 2021 tax year at the rate of $0.18 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 $13,424.00 to provide management of the improvements and services for the Chapel Hill 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 12 - Chapel Hill Fund in the amount of $92,877.00 from available funds. DISCUSSION: On March 23, 2004, the City Council adopted Resolution No. 3060 establishing Fort Worth Public Improvement District 12 - Chapel Hill (Chapel Hill PID). 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 Chapel Hill PID and the proposed assessments to be levied on each property in the Chapel Hill 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 Chapel Hill PID and the costs thereof are as follows: Improvements Management Fee Utilities Landscaping Common Area Maintenance Communications Fiscal Year 2022 Budget Total Budgeted Cost $13,424.00 $11,000.00 $35,370.00 $11,400.00 $1,433.00 Capital Improvements $15,750.00 Audit/Annual Review $2,500.00 City Administrative Fee $2,000.00 Total Expense $92,877.00 The total budgeted costs of the improvements are in the amount of $92,877.00. The entire amount will be funded by assessments collected on privately owned parcels located in the Chapel Hill PID by applying a rate of $0.18 per each $100.00 of property value. This is the same assessment rate as last year. 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 Chapel Hill 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 Chapel Hill PID on August 27, 2021, in accordance with state law. The Chapel Hill PID is located in COUNCIL DISTRICT 7. FISCAL INFORMATION / 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 #12 -Chapel Hill 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. Jay Chapa 5804 Originating Business Unit Head: Additional Information Contact: Expedited Robert Sturns 2663 Crystal Hinojosa 7808