HomeMy WebLinkAboutOrdinance 25438-04-2022 ORDINANCE NO.25438-04-2022
AN ORDINANCE AMENDING THE FISCAL YEAR 2021-2022 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 20 — EAST
LANCASTER AVENUE; 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 February 12, 2019, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 20—East Lancaster Avenue("District"),as a
public improvement district in accordance with the Act and Resolution No. 5052-02-2019.
WHEREAS, on September 21, 2021, the City Council adopted Ordinance No. 25093-09-2021,
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.25093-09-2021;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.25438-04-2022
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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:
�O Jannette S.Goodall(Apr 15,2022 13:32 CDT)
Tyler F.Wallach,Assistant City Attorney Jannette Goodall,City Secretary
M&C:22-0238 '- �,
-1 OF F�RT
Adopted and Effective:April 12,2022 tF
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Ordinance No.25438-04-2022
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EXHIBIT A
AMENDED SERVICE PLAN
City of Fort worth
Five Year Service Plan(FY22 Mid-Year Revision)
Public Improvement District No.20-East Lancaster
FY21/22 FY22/23 FY23/24 FY24/25 FY25/26
REVENUES
PID Assessments $ 257,384 $ 262,532 $ 267,783 $ 273,139 $ 278,602
Total Budgeted Revenues $ 257,384 $ 262,532 $ 267,783 $ 273,139 $ 278,602
Use of Fund Balance 39,000 6,870 - - -
Total Funds Available for Use $ 296,384 $ 269,402 $ 267,783 $ 273,139 $ 278,602
EXPENSES
Management Fee $ 17,800 $ 17,800 $ 17,800 $ 17,800 $ 17,800
'City Administrative Fee 5,148 5,251 5,356 5,463 _5,572
Security 254,280 239,047 236,833 241,795 247,856
Community Marketing/Events 12,656 2,804 2,500 2,500 2,500
Audit/Annual Review 2,500 2,500 2,500 2,500 2,500
Communications 4,000 1 2,000' 2,000: 2,000 2,374-
Total Budgeted Expenses $ 296,384 $ 269,402 $ 266,989 $ 272,058 $ 278,602
Contribution to Fund Balance - - 794 1,081 -
Total Expenses 296,384 269,402 i 267,783 273,139, 278,602
Net Change in Fund Balance $ (39,000) $ (6,870) $ 794 $ 1,081 $ -
Fund Balance, Beginning of Year(Estimated Yrs 2-5) 84,909 45,909 39,039 39,833 40,914
Estimated Fund Balance, End of Year 45,909 39,039 39,833 40,914 40,914
Reserve Requirement 44,909 44,507 45,352 46,443 46,443
Over(Under)Reserve $ 1,000 $ (5,468) $ (5,519) $ (5,529) $ (5,529)
The total budgeted costs of the improvements and services for the District for fiscal year 2021-2022 are
$296,384.00. Of this amount, $257,384.00 will be funded by assessments collected on privately-owned parcels
located in the District. The remaining $39,000.00 will be funded as follows: (1) $24,000.00 transferred from
the unaudited,unassigned fund balance by City Council on September 21,2021, and(2)an additional$15,000
to be transferred from the unaudited,unassigned fund balance by City Council.
Ordinance No.25438-04-2022
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City of Fort Worth,Texas
Mayor and Council Communication
DATE: 04/12/22 M&C FILE NUMBER: M&C 22-0252
LOG NAME: 17PID20 MIDYEARFY22
SUBJECT
(CD 5 and CD 8)Adopt Attached Ordinance Amending the Fiscal Year 2021-2022 Adopted Budget and Five-Year Service Plan for Public
Improvement District 20—East Lancaster Avenue 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 20—
East Lancaster Avenue 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
20—East Lancaster Avenue Fund in the amount of$15,000.00,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 20—East Lancaster(or the East Lancaster PID)is managed by FirstService Residential Texas PID, LLC(FirstService).
On September 21,2021,City Council adopted Ordinance No.25093-09-2021,approving the fiscal year(FY)2021-2022 Budget, Five-Year
Service Plan,Assessment Plan,and Tax Year 2021 Assessment Roll for the East Lancaster PID. After conducting a mid-year review of the
East Lancaster PID's budget,City staff and FirstService have identified the need to increase the East Lancaster PID Budget by$15,000.00 to
align expenses with actual activities that are attributable primarily to increases in security for increased patrols and community marketing/events to
cover costs of annual meetings and events.
Revenue Adjustments:
Line Items Previously Recommended Amended
to be Approved FY22 Mid-Year FY22 Budget
Adjusted Budget Item Adjustment Item
PID $257,384.00 $0.00 $257,384.00
Assessments
Use of Fund $24,000.00 $15,000.00 $39,000.00
Balance
Totals $281,384.00 $15,000.00 $296,384.00
Expenditure Adjustments:
Line Items to Previously Recommended Amended
be Adjusted Approved FY22 Mid-Year FY22
Budget Item Adjustment Budget Item
Security $248,280.00 $6,000.00 $254,280.00
Community
Marketing/ $4,656.00 $8,000.00 $12,656.00
Events
Communications $3,000.00 $1,000.00 $4,000.00
Totals $255,936.00; $15,000.00 $270,936.00
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$296,384.00.This mid-year budget adjustment will decrease the unaudited,unassigned fund balance by a total
of$15,000.00.The revised Budget and Five-Year Service Plan will take effect upon approval by City Council. The City and FirstService will
update the existing contract to reflect the mid-year adjustment(City Secretary Contract No.56491).
Funding is available for appropriation in the fund balance of the FWPID#20-East Lancaster Ave Fund. The beginning balance is
$45,909.02,after this M&C,available balance will be$69,909.02.
The East Lancaster PID is located in COUNCIL DISTRICTS 5&8.
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#20-East Lancaster Ave 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