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Home My WebLink AboutOrdinance 25433-04-2022 ORDINANCE NO. 25433-04-2022 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PARD GAS LEASE CAPITAL PROJECT FUND, BY INCREASING ESTIMATED RECEIPTS AND APPRPRIATIONS IN THE BARKSDALE DAM PROJECT (CITY PROJECT NO. 103992) IN THE AMOUNT OF $50,000.00 AND DECREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PARD MAINTENANCE & REPLACEMENT PROGRAMMABLE PROJECT (CITY PROJECT NO. P00133) BY THE SAME AMOUNT; 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 adjusted estimated receipts and appropriations in the PARD Gas Lease Capital Project Fund, by increasing estimated receipts and appropriations in the Barksdale Dam Project (City Project No. 103992) in the amount of $ 50,000.00 and decreasing estimated receipts and appropriations in the PARD Maintenance &Replacement Programmable Project(City Project No.P00133) by the same amount. 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 cumulative of Ordinance 25073-09-2021 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 Jannette S.Goodall(Apr 15,2022 13- FOR,?. } Assistant City Attorney Jannette S. Goodall ADOPTED AND EFFECTIVE:April 12,2022 e �+ City of Fort Worth, Texas Mayor and Council Communication DATE: 04/12/22 M&C FILE NUMBER: M&C 22-0248 LOG NAME: 17PID07 MIDYEARFY22 SUBJECT (CD 4 and CD 7)Adopt Attached Ordinance Amending the Fiscal Year 2021-2022 Budget and Five-Year Service Plan for Public Improvement District 7—Heritage,Adopt Attached Appropriation Ordinances, and Amend the Fiscal Years 2022-2026 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached ordinance amending the Fiscal Year 2021-2022 Budget and Five-Year Service Plan for Public Improvement District 7— Heritage to reflect amendments associated with a mid-year review and direct the City Secretary to record the same in the real property records of Tarrant County,Texas no later than the seventh(7th)day after adoption by the City Council; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 7-Heritage Fund in the amount of$35,000.00 in Fiscal Year 2021-2022,from available, unreserved fund balance,for the purpose of funding mid-year budget adjustments; 3. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the PARD Gas Lease Capital Projects Fund by increasing estimated receipts and appropriations in the Barksdale Dam project(City Project No. 103992)in the amount of$50,000.00 and decreasing estimated receipts and appropriations in the PARD Maintenance& Replacement project(City Project No. P00133)by the same amount;and 4. Amend the Fiscal Years 2022-2026 Capital Improvement Program. DISCUSSION: The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts(PIDs).The City's PID Policy outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs. PID 7—Heritage(or the Heritage PID)is managed by FirstService Residential Texas PID, LLC (FirstService). On September 21,2021, City Council adopted Ordinance No.25079-09-2021,approving the fiscal year(FY)2021-2022 Budget, Five-Year Service Plan,Assessment Plan,and Tax Year 2021 Assessment Roll for the Heritage PID. After conducting a mid-year review of the Heritage PID's budget,City staff and FirstService have identified the need to increase Heritage PID's budget by$85,000.00 to align expenses with actual activities that are attributable primarily to increases in security patrols and repairs to the Barksdale Park. The City budgeted$50,000.00 to fund the Barksdale Dam project,which was included in the Park& Recreation Department's FY 2022-2026 Capital Improvement Program. Economic Development is overseeing the completion of this project through the City's contract with FirstService in order to administratively track the spending of all funding sources associated with the dam repair.This will amend the FY 2022-2026 Capital Improvement Program and the FY 2022 Adopted Budget as approved by Ordinance 25073-09-2021 (Section 6. Capital Improvements, Page 23). Revenue adjustments: Line Items to be Previously Recommended ';Amended Adjusted Approved FY22 Mid-Year FY22 Budget' Budget Item Adjustment Item PID AssessmentsF$1,771,828.00 $0.00 $1,771,828.00 1:[_-1 COFW Payment in lieu of $191,096.00 $0.00, $191,096.00 Services COFW Gas Royalties $0.00 $50,000.001 $50,000.00 (Barksdale Dam) Juse of Balance FundE$443,334.001 $35,000.001 $478,334.001 Totals $2,406,258.001 $85,000.00$2,491,258.00 Expenditure adjustments: Line Items to Previously Recommended LItem nded be Adjusted Approved FY22 Mid-Year Budget Budget Item Adjustments Security $70,000.00 $35,000.00 $105,000.00 Enhancements Capital $200,000.00 $50,000.00 $250,000.00 Improvements Totals $270,000.00 0.00$85,00 $355,000.00 Capital Revised Project FY2022 CIP Budget Change Fund Authority FY2022 Name Name Appropriations (Increase/Decrease) Budget PARD PARD Gas Maintenance Lease & $2,371,298.00 This M&C Capital ($50,000.00) $2,321,298.00 Projects Replacement Fund P_P00133 Barksdale Barksdale Dam Dam Repairs $0.00 This M&C $50,000.00 $50,000.00 Repairs P 103992 All other previously approved line items not mentioned above remain the same. Upon approval of the above recommendations,the total budgeted expenses for FY 2021-2022 will be$2,491,258.00.This mid-year budget adjustment will decrease the unaudited, unassigned fund balance by a total of$35,000.00,and decrease appropriations in PARD Maintenance& Replacement project by a total of$50,000.00.The revised Budget and Five-Year Service Plan will take effect upon approval by City Council.The City and FirstService will amend the existing management contract to reflect the mid-year adjustments(City Secretary Contract No.56481). Funding is available for appropriation in the fund balance of the FWPID#7-Heritage Fund.The beginning balance is$1,100,248.53,after this M&C,available balance will be$621,914.53. Funding is also budgeted in the Gas Lease Royalties account of the Park& Recreation Department's PARD Gas Lease Capital Project Fund. The Heritage PID is located in COUNCIL DISTRICTS 4&7 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 upon approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available in the current operating budget,as appropriated,in the FWPID#7-Heritage Fund.The Director of Finance also certifies that upon the approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available in the current capital budget,as appropriated,of the PARD Gas Lease Capital Project Fund for the Barksdale Dam project to support the approval of the above recommendations.Prior to any expenditure being incurred,the Economic Development Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office b : Reginald Zeno 8517 Originating Business Unit Head: Robert Stums 2663 Additional Information Contact: Crystal Hinojosa 7808