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Home My WebLink AboutContract 56474-A1 CSC No. 56474-A1 FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 56474, A MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT Fort Worth Public Improvement District No.6(Park Glen) This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 56474("First Amendment")is made and entered into by and between the CITY OF FORT WORTH("City"),a home- rule municipal corporation organized under the laws of the State of Texas, acting by and through its duly authorized Assistant City Manager, and FIRSTSERVICE RESIDENTIAL TEXAS PID,LLC,a Texas limited liability company("Contractor")acting by and through its duly authorized representative. WHEREAS, the City and Contractor are parties to a Management and Improvement Services Agreement for Fort Worth Public Improvement District No. 6, the same being City Secretary Contract Number 56474("Agreement"); WHEREAS,Contractor identified a need to reallocate certain funds between budgeted line items; WHEREAS, on April 12, 2022, the City Council adopted an ordinance revising the Fiscal Year 2021-2022 budget and five-year service plan,taking into account the budgetary adjustments; WHEREAS,the parties wish to amend the Agreement to incorporate the revised budget and five- year service plan; and NOW,THEREFORE,for and in consideration of the mutual covenants,promises,and agreements contained herein,the City and Contractor do hereby covenant and agree to amend the Agreement as follows: 1. Exhibit A to the Agreement concerning the Budget and Service Plan for the District is replaced with, and superseded by, a new Exhibit A that is attached to this First Amendment, which is incorporated into the Agreement for all purposes. 2. All terms of this First Amendment that are capitalized but not defined have the meanings assigned to them in the Agreement. 3. All terms and conditions of the Agreement that are not expressly amended pursuant to this First Amendment will remain in full force and effect. IN WITNESS WHEREOF,the undersigned have caused this First Amendment to be executed in Fort Worth,Tarrant County,Texas. CITY OF FORT WORTH: FIRSTSERVICE RESIDENTIAL TEXAS PID,LLC a Texas limited liability company BY Reginald Zeno(May 10,2022 14:09 CDT) By:Kathleen Ward(May 6,2022 11:14 CDT) Reginal Zeno Kathleen Ward Interim Assisant City Manager President Date: May 10, 2022 Date: May 6, 2022 OFFICIAL RECORD CITY SECRETARY FT.WORTH, TX First Amendment to CSC 56474 1 of 3 o�°FORr�aa ATTEST: a�►o° o��d ~S 00 0 ,�a, s �artd�CG �v o° =d o d By:Jannette S.Good all(May 11,2022 07:34 CDT) °o 000 °°off Jannette Goodall ��EXA0000 SbAAV City Secretary APPROVED AS TO FORM AND LEGALITY: %y�,GlJa By:OO Tyler F. Wallach Senior Assistant City Attorney Contract Compliant Manager: By signing, I acknowledg that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Crystal Hinojosa Sr. Contract Compliance Specialist M&Cs: 21-0701 (September 21,2021);22-0247 (April 12,2022) Form 1295: 2021-790512 OFFICIAL RECORD CITY SECRETARY FT.WORTH, TX First Amendment to CSC 56474 2 of 3 Exhibit "A" City of Fart Worth five Year Service Plan FY22 IMid-Yea r] PublicJmprovement district No.6.Park Glen FY2V22 FY22M FVM4 FY24M FY25i26 REVENUES PID Assessments' S 1,71e,M 5 1,Bd6,%9 S 1r67$,90$ 5 1,713,50.8 S 1-747,77$ GOP1,Y Payment in heu of Sern+lces 199.55E 199,55E 199,556 199.55E 199356 Total Sudga`fa:d Revenues $ 1,917,924 3 1,8A6,525 $ 1,87$484 S 11913,064 $ 1,947,334 Use of Fund balance 343,564 - Total Funds Available for Use S 2.26114" $ 4.846.525 5 1,879,"4 S 1,913.064 5 1,947.374 EXPENSES 6ianagamerllFaa $ 136,041 $ 136,041 S 1MG41 5 136,041 S 136,041 Utiuies WON 160.000 16 AO 161.000 162,000 Landscapin9 920.475 750,000 700,000 7$g000 780,H0 Comrnan Area 1.1mnlenance 4%.M 238.453 2d8,7M 322,6E2 323,246 Holiday DecoraWFL 23,000 23.000 23,000 23.000 30,0-00 Security Enhancemrnis 261,000 250,000 25t1,004 250,000 25D.000 Coom nicat ons 18.900 15.000 15,01)0 15.000 15,0G0 Public Ewerkts 54.225 50,000 50.000 50.000 50.000 Capaalmprovements 165,000 175.000 290,000 125.000 1SOND Annual Review 4.600 12,100 1 t,100 12,100 I ZA00 City AdfMt.tralive Fee 39.358 36,931 37,559 39,261 38,947 Total eudggftil ExpcnAes $ 21261AN $ 1A"1525 # 1,E7S,4)4 1,913M" # 1,8+A,334 Contribution to Fund Balance - - Net Change in Fund BalanQp Fund Salanca,9egenn g of Year(Estmated Yrs 2-5) 703.711 360.147 360,147 380.147 360,147 Esbnated Fund Balance,End of Vear 36+0.147 360.147 360-147 360.147 360,147 Rsnerre R"urement 3117,818 313,Sa7 31B,908 324.621 324V1 Over IUnder�Reserve S 52,331 3 46AM 3 41,239 S 35426 3 354526 'FY2022 As"asrnent Rate-SA55 ResidentiaU$,035 COMMemial First Amendment to CSC 56474 3 of 3 City of Fort Worth, Texas Mayor and Council Communication DATE: 04/12/22 M&C FILE NUMBER: M&C 22-0247 LOG NAME: 17PID06 MIDYEARFY22 SUBJECT (CD 4)Adopt Attached Ordinance Amending the Fiscal Year 2021-2022 Adopted Budget and Five-Year Service Plan for Public Improvement District 6-Park Glen 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 6— Park Glen 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 6—Park Glen Fund in the amount of$264,900.00, 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 Operating PID Policy outlines the need to proactively work with City's PID management companies to oversee the services being provided within each of the PIDs. PID 6-Park Glen(or the Park Glen PID)is managed by FirstService Residential Texas PID, LLC(FirstService). On September 21, 2021, City Council adopted Ordinance No. 25077-09-2021, approving the fiscal year(FY)2021-2022 Budget, Five-Year Service Plan, Assessment Plan, and Tax Year 2021 Assessment Roll for the Park Glen PID. After conducting a mid-year review of the Park Glen PID's budget, City staff and FirstService have identified the need to increase the Park Glen PID budget by$264,900.00,to align expenses with actual activities that are attributable primarily to increases in landscaping for the redesign of a center median bed, increased security patrol costs, and an increase to capital improvements for the second phase of installation of fitness equipment in the park. Revenue adjustments: Line Items to Previously Recommended Amended be Adjusted Approved FY22 Mid-Year FY22 Budget Budget Item Adjustment Item PID $11718,368.00 $0.00 F$1,718,368.00 Assessments COFW Payment in Lieu $199,556.00 $0.00 $199,556.00 of Services Use of Fund $78,664.00 $264,900.00 $343,564.00 Balance Totals $1,996,588.00 $264,900.00 $2,261,488.00 Expenditure adjustments: Line Items to Previously Recommended Amended be Adjusted Approved FY22 Mid-Year FY22 Budget Budget Item Adjustment Item Landscaping 11 $790, 7-5.00 $130,000.00 $920,475.00 Security $250,000.00 $31,000.00 $281,000.00 Enhancements CommunicationsIl $15,000.0011 $3,900.001 $18,900.00 Capital $65,000.00 $100,000.00 $165,000.00 Improvements Totals $1,120,475.00 $264,900.00 $1,385,375.00 All other previously approved line items not mentioned above remain the same. Upon approval of the above recommendation,the total budgeted expenses for the FY 2021-2022 will be$2,261,488.00. This mid-year budget adjustment will decrease the unaudited, unassigned fund balance by a total of$264,900.00. The revised Budget and Five-Year Service Plan will take effect upon approval by City Council. The City and FirstService will update the exiting contract to reflect the mid-year adjustment(City Secretary Contract No. 56474). Funding is available for appropriation in the fund balance of the FWPID#6-Park Glen Fund. The beginning balance is$703,711.28, after this M&C, available balance will be$360,147.28. The Park Glen PID is located in COUNCIL DISTRICT 4. 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#6-Park Glen 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