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HomeMy WebLinkAbout(0115) M&C 21-0708City of Fort Worth, Mayor and DATE: 09/21 /21 Texas Council Communication LOG NAME: 17ED PID19FY22 SUBJECT M&C FILE NUMBER: M&C 21-0708 (CD 3 and CD 7) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 19 - Historic Camp Bowie, 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 for Commercial Property; Authorize Execution of an Agreement with Camp Bowie District, Inc., in the Amount of $92,789.00 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 19 - Historic Camp Bowie (Camp Bowie 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 $547,407.00, five-year service plan, assessment plan, and tax year 2021 assessment roll (on file with the City Secretary) for the Camp Bowie PID; and (2) levying special assessments on the commercial property located in the Camp Bowie PID for the 2021 tax year at the rate 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 Camp Bowie District, Inc., in the amount of $92,789.00 to provide management of the improvements and services for the Camp Bowie 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 19 - Historic Camp Bowie Fund in the amount of $547,407.00, of which (1) $463,947.00 is from available funds and (2) $83,460.00 is from reducing fund balance. DISCUSSION: On August 14, 2018, the City Council adopted Resolution No. 4966-08-2018, establishing the Fort Worth Public Improvement District 19 - Historic Camp Bowie (Camp Bowie 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 Camp Bowie PID and the proposed assessments to be levied on each property in the Camp Bowie 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 Camp Bowie PID during the Fiscal Year 2021-2022 and the costs thereof are as follows: Fiscal Year 2022 Budget Improvements Total Budgeted Cost Management Fee 1 $92,789.00 Beautification $25,486.00 Green Ribbon Funding $60,000.00 Beautification Utilities $20,000.00 Beautification Maintenance 11 $105,868.00 Litter Abatement 11$83,400.00 Security 11$26,208.00 Business Development and Recruitment $55,000.00 Marketing & Promotion $28,000.00 Communication 11$12,121.00 Insurance 11 $20,000.00 Audit 11$6,500.00 City Administrative Audit 11 $2,756.00 City Administrative Fee $9,279.00 Total Expenses $547,407.00 The total budgeted costs of the improvements and services are in the amount of $547,407.00. Of this amount, $446,156.00, will be funded by assessments collected on privately owned parcels located in the Camp Bowie PID by applying a rate of $0.10 per each $100.00 of property value for commercial property. The remainder of the costs in the amount of $101,251.00 will be funded by other revenue sources including: (a) $17,791.00 in direct payments from the City for Payment In -Lieu of Services, and (b) $83,460.00 transferred from the unaudited, unassigned fund balance. The 2021 assessment rate is the same as the prior 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 Camp Bowie 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 Camp Bowie PID on August 27, 2021, in accordance with state law. The Camp Bowie PID is located in COUNCIL DISTRICTS 3 & 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 #19 - Hist Camp Bowie 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