HomeMy WebLinkAboutOrdinance 25715-09-2022 ORDINANCE NO. 25715-09-2022
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FISCAL YEAR 2022-2023 FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 7—HERITAGE FUND IN THE AMOUNT OF
$2,335,388.00, OF WHICH $2,068,355.00 IS FROM AVAILABLE FUNDS AND
$267,033.00 IS FROM AVAILABLE UNRESERVED FUND BALANCE, FOR THE
PURPOSE OF PROVIDING IMPROVEMENTS AND SERVICES TO THE PUBLIC
IMPROVEMENT DISTRICT 7-HERITAGE,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 2022-2023 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Fiscal
Year 2022-2023 Fort Worth Public Improvement District 7-Heritage Fund in the amount of$2,335,388.00,
from available funds,for the purpose providing improvements and services to the Public Improvement District
7-Heritage during Fiscal Year 2022-2023.
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 incorporated into the ordinance effecting the budget of the municipal government
of the City of Fort Worth for the ensuing Fiscal Year beginning October 1,2022, and ending September 30,
2023, 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instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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
Nico Arias(Sep 19,2022 08:21 CDT) Jannette S.Goodall(Sep 19,2022 08:29 CD ^r—,,
Assistant City Attorney Jannette S.Goodall
City Secretary Of: ' '"�• �
ADOPTED AND EFFECTIVE: September 13,2022
�KAS
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/13/22 M&C FILE NUMBER: M&C 22-0672
LOG NAME: 17ED PID07FY23
SUBJECT
(CD 4 and CD 7)Conduct Public Benefit Hearing for Fort Worth Public Improvement District 7-Heritage;Adopt the Attached Ordinance(1)
Approving and Adopting the Fiscal Year 2022-2023 Budget, Five-Year Service Plan,Assessment Plan,and Tax Year 2022 Assessment Roll,and
(2)Levying Special Assessments for the 2022 Tax Year at a Rate of$0.15 Per Each$100.00 of Residential Property Value and$0.11 Per Each
$100.00 of Commercial Property Value;Authorize Execution of Agreement with FirstService Residential Texas PID,LLC,in the Amount of
$145,000.00 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 7-Heritage for the 2022 tax year;
2. Adopt the attached ordinance(1)approving and adopting the fiscal year 2022-2023 budget in the amount of$2,335,388.00,five-year
service plan,assessment plan,and tax year 2022 assessment roll(on file with the City Secretary)for the Heritage Public Improvement
District;and(2)levying special assessments on privately-owned property located in the Heritage Public Improvement District for the
2022 tax year at the rates of$0.15 per each$100.00 of residential property value and$0.11 per each$100.00 of commercial property value
(Service Assessment Plan and Assessment Ordinance);
3. Direct the City Secretary to record a copy of the Service Assessment Plan 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 FirstService Residential Texas PID, LLC,in the amount of$145,000.00 to provide
management of the improvements and services for the Heritage Public Improvement District during Fiscal Year 2022-2023;and
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
7-Heritage Fund in the amount of$2,335,388.00 of which: (1)$2,068,355.00 is from available funds and(2)$267,033.00 is from available
unreserved fund balance.
DISCUSSION:
On September 26,2000,the City Council adopted Resolution No.2675 establishing Fort Worth Public Improvement District No.7-Heritage
(Heritage PID).
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2022-2023 budget and five-year service plan
for the Heritage PID and the proposed assessments to be levied on each privately-owned property in the Heritage PID for the 2022 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 Heritage PID during the Fiscal Year 2022-2023 and the costs thereof are as follows:
Fiscal Year 2023 Budget
Improvements Total Budgeted Cost
Management Fee $ 145,000.00
Utilities $237,000.00
Landscaping/Tree Maintenance —��^$ 1,080,000.00
Common Area Maintenance $348,076.00
Holiday Lighting $69,945.00
Security Enhancements $ 105,000.00
Advertising $500.00
Public Events $ 156,000.00
Capital improvements $ 150,000.00
Annual Review 1 $2,500.00
City Administrative Fee $41,367.00
ILTotal Expense 11 $2,335,388.0011
The total budgeted costs of the improvements are in the amount of$2,335,388.00.Of this amount,$1,860,543.00 will be funded by assessments
collected on privately owned parcels located in the Heritage PID by applying a rate of$0.15 per each$100.00 of property value for residential
property and$0.11 per each$100.00 of property value for commercial property.The remainder of the costs in the amount of$474,845.00 will be
funded by other revenue sources including: (a)$191,096.00 in direct payments from the City for Payment In-Lieu of Services(b)$16,716.00 in
direct payment from the City for Payment In-Lieu of Assessments,which are calculatedat the same rate as privately-owned parcels(c)
$267,033.00 transferred from the unaudited,unassigned fund balance.
For Fiscal Year 2021-2022(tax year 2021)PID 7 levied an assessment of$0.16 per$100.00 of residential property value and$0.11 per each
$100.00 of commercial property value.The Heritage PID experienced growth in estimated net taxable value equal to$204,069.00,or 11.52%,and
have a projected fund balance over their reserves in the amount of$303,654.00 allowing for the assessment rate to be reduced by$0.01.Thus the
recommended Fiscal Year 2022-2023(tax year 2022)assessment rate is$0.15 per$100.00 of residential taxable property value.
On August 23,2022,the City Council conducted a public hearing to receive comments on the proposed 2022-2023 Fiscal Year Budget, Five-Year
Service Plan,and 2022 Assessments for the Heritage PID.Notice of the August 23,2022, benefit hearing and this hearing were published in
the Fort Worth Star-Telegram and mailed to all owners of property on record in the Heritage PID on August 12,2022, in accordance with state
law.
The Heritage PID is located in COUNCIL DISTRICTS 4&7.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2022-2023 Budget by the
City Council,funds will be available in the Fiscal Year 2023 operating budget,as appropriated,of the FWPID#7-Heritage 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: William Johnson 5806
Originating Business Unit Head: Robert Stums 2663
Additional Information Contact: Crystal Hinojosa 7808
Expedited