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Home My WebLink AboutOrdinance 25436-04-2022 ORDINANCE NO.25436-04-2022 AN ORDINANCE AMENDING THE FISCAL YEAR 2021-2022 BUDGET AND FIVE- YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 19— HISTORIC CAMP BOWIE; MAKING THIS ORDINANCE CUMULATIVE OF ALL OTHER ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local Government Code("Act"),allows for the creation of public improvement districts; WHEREAS, on August 14, 2018, the City Council of the City of Fort Worth ("City Council") authorized the establishment of Public Improvement District No. 19—Historic Camp Bowie ("District"), as a public improvement district in accordance with the Act and Resolution No. 4966-08-2018. WHEREAS, on September 21, 2021, the City Council adopted Ordinance No. 25091-09-2021, approving the fiscal year 2021-2022 budget, five-year service plan, assessment plan, and tax year 2021 assessment roll for the District; WHEREAS,the City Council desires to amend the fiscal year 2021-2022 budget and five-year service plan("Amended Service Plan"),which is attached hereto as Exhibit A and incorporated herein for all purposes; WHEREAS,the Amended Service Plan is intended to supersede the Service Plan set out in Ordinance No.25091-09-2021; and WHEREAS, the Amended Service Plan will not affect the previously adopted Assessment Plan or Assessment Roll. NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,TEXAS THAT: SECTION 1. The Recitals and findings listed above are true and correct and form the basis upon which this Ordinance is being adopted and are incorporated herein by reference. SECTION 2. The City Council hereby approves and adopts the Amended Service Plan for fiscal year 2021-2022. In doing so,the City Council finds that the supplemental services and improvements set forth in the Service Plan are feasible and advisable and will serve the needs and desires of the property owners in the District. SECTION 3. 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 shall remain in full force and effect. Ordinance No.25436-04-2022 Page 1 of 4 SECTION 4. This Ordinance is cumulative of 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 5. The City Secretary is directed to cause a copy of this Ordinance to be recorded in the real property records of Tarrant County,Texas no later than the seventh(7 )day after the adopted date of this Ordinance. SECTION 6. This Ordinance takes effect and will be in full force and effect from and after the date of its passage. AND IT IS SO ORDAINED. APPROVED AS TO FORM ATTEST: AND LEGALITY: 4�v�i�%i��y� cJr. uGGv�yt Jannette S.Goodall(Apr 15,202213:33 CDT) Tyler F. Wallach,Assistant City Attorney Jannette Goodall,City Secretary M&C:22-0251 ��• ORT �A C Adopted and Effective: April 12,2022 U: �XAS Ordinance No.25436-04-2022 Page 2 of 4 EXHIBIT A AMENDED SERVICE PLAN City of Fort Worth (Mid-Year)Five Year Service Plan-FY 2022-FY26 Public Improvement District No.19-Historic Camp Bowie FYE 21122 FYE 22/23 FYE 23124 FYE 24125 FYE 25126 REVENUES PID Assessments $ 446,156 $ 464,002 $ 482,562 $ 501,864 $521,939 COFW Payment in lieu of Services 17,791 17,791 17,791 17,791 17,791 PID Generated Revenue Budget Revenues $ 463,947 $ 481,793 $ 500,353 $ 519,655 $ 539,730 Use of Funds Balance 93,460 I 3,914 3,913 3,912 : 3,911 Total Revenues $ 557,407 $ 485,707 $ 504,266 $ 523,567 $ 543,641 EXPENSES Management Fee $ 92,789 $ 96,359 $ 100,071 $ 103,931 $ 107,946 Beautification(Currently Undesignated) 58,595 - 612794 65,474 $ 69,301 Green Ribbon Funding - 52,000 - - - Beautification-Utilities 20,000 20,000 20,000 20,000 20,000 Beautification-Maintenance 116,124 120,154 124,960 129,958 135,156 Litter Abatement 83,400 86,736 90,205 93,813 97,566 Security 48,000 27,256 28,346 29,480 30,659 Economic Development 38,250 6,255 - - - Marketing&Promotion 38,750 28,000 28,000 28,000 28,000 Communication 40,970 8,885 9,240 9,610 9,994 `Insurance - 20,800 21,632 22,497 23,397 Audit 8,750 6,760 7,030 7,311 7,603 City Administrative Fee 9,279 2,866 10,007 - 10,393 10,795 City Administrative Audit 2,500 9,636 2,981 3,100 3,224 � I � Total Budget Expenses $ 557,407 I $ 485,707 ' $ 504,266 $ 523,567 ` $ 543,641 Contribution to Fund Balance - $ - $ - $ - - Total Expenses $ 557,407 ' $ 485,707 $ 504,266 $ 523,567 ' $ 543,641 Net Change in Fund Balance $ (93,460) $ (3,914) $ (3,913) $ (3,912) $ (3,911) Beginning Fund Balance, Estimated(Yrs 2-5) 253,207 159,747 155,833 151,920 148,008 Estimated Fund Balance,End of Year 159,747 155,833 151,920 148,008 144,097 Reserve Requirement 80,967 84,061 87,279 90,625 90,625 Over(Under)Reserve $ 78,780 $ 71,772 $ 64,641 $ 57,383 $ 53,472 *FY2022 Assessment Rate=$.10 Ordinance No.25436-04-2022 Page 3 of 4 The total budgeted costs of the improvements and services for the District for fiscal year 2021-2022 are $557,407.00. Of this amount, $446,156.00 will be funded by assessments collected on privately-owned parcels located in the District. The remainder of the costs will be funded by other revenue sources, including: • $17,791.00 in direct payments from the City for payment in lieu of services, which was appropriated from the General Fund balance by City Council action on September 21, 2021; • $83,460.00 transferred from the unaudited,unassigned fund balance on September 21,2021; and • $10,000.00 to be transferred from the unaudited, unassigned fund balance. Ordinance No.25436-04-2022 Page 4 of 4 City of Fort Worth, Texas Mayor and Council Communication DATE: 04/12/22 M&C FILE NUMBER: M&C 22-0251 LOG NAME: 17PID19 MIDYEARFY22 SUBJECT (CD 3 and CD 7)Adopt Attached Ordinance Amending the Fiscal Year 2021-2022 Adopted Budget and Five-Year Service Plan for Public Improvement District 19—Historic Camp Bowie and Adopt Attached Appropriation Ordinance 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 19— Historic Camp Bowie 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;and 2. 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$10,000.00,from available,unreserved fund balance,for the purpose of funding mid-year budget adjustments. 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 19—Historic Camp Bowie(or the Historic Camp Bowie PID)is managed by Camp Bowie District Inc.,(CBDI). On September 21,2021,City Council adopted Ordinance No.25091-09-2021,approving the fiscal year(FY)2021-2022 Budget,Five-Year Service Plan,Assessment Plan,and Tax Year 2021 Assessment Roll for the Historic Camp Bowie PID. After conducting a mid-year review of the Historic Camp Bowie PID's budget,City staff and CBDI have identified the need to increase the Historic Camp Bowie PID Budget by$10,000.00 to align expenses with actual activities that are attributable primiarily with reductions in Green Ribbon Funding,Economic Development,and Insurance to accommodate and increase in beautification,security,marketing&promotion,and communication line items.Changes to the budget can be primarily attributed to a change in management and priorities. Revenue adjustments: Line Items to Previously Recommended Amended be Adjusted Approved FY22 Mid-Year FY22 Budget Budget Item Adjustment Item PID $446,156.00 $0.00 $446,156.00 Assessments COFW Payment in lieu $17,791.00 $0.00 $17,791.00 of Services Use of Fund $83,460.00 $10,000.00 $93,460.00 Balance Totals $547,407.00 $10,000.070[$5 77,407.00 Expenditure adjustments: Line Items to Previously Recommended Amended be Adjusted Approved FY22 Mid-Year FY22 Budget Budget Item Adjustment Item Beautification $25,486.00 $33,109.00 $58,595.00 Green Ribbon $60,000.00 ($60,000.00) $0.00 Funding Beautification- $105,868.00 $10,256.00 $116,124.00 Maintenance Security $26,208.001 $21,792.0011 $48,000.00 Economic L_L55,000�.0ODevelopment ($16,750.00) $38,250.00 Marketing& $28,000.00 $10,750.00 $38,750.00 Promotion Communication $12,121.00 $28,849.00 $40,970.00 Insurance 00)IJ $0.00 Ludit_____Jl $6,500.0011 $2,250.001LLE750.00 Totals I $341,939.00 $10,000.00 $351,939.00 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$557,407.00.This mid-year budget adjustment will decrease the unaudited, unassigned fund balance by a total of$10,000.00.The revised Budget and Five-Year Service Plan will take effect upon approval by City Council. The City and CBDI will update the existing contract to reflect the mid-year adjustment(City Secretary Contract No.56190). Funding is available for appropriation in the fund balance of the FWPID#19-Historic Camp Bowie Fund. The beginning balance is$253,207.30 after this M&C available balance will be$159,747.30. The Historic Camp Bowie PID is located in COUNCIL DISTRICTS 3&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#19—Historic Camp Bowie Fund. 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 by: Reginald Zeno 8517 Originating Business Unit Head: Robert Sturns 2663 Additional Information Contact: Crystal Hinojosa 7808 Expedited