HomeMy WebLinkAboutOrdinance 26103-04-2023ORDINANCE NO. 26103-04-2023
AN ORDINANCE AMENDING THE FISCAL YEAR 2022-2023 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 6 -PARK
GLEN; MAKING THIS ORDINANCE CUMULATIVE OF ALL OTHER
ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING
AN EFFECTIVE DA TE.
WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local
Government Code ("Act"), a llows for the creation of public improvement districts;
WHEREAS , on September 22, 1998 , the City Counci l of the City of Fort Worth ("City Council")
authorized the estab li shment of Public Improvement District No. 6 -Park G len ("District"), as a public
improvement district in accordance with the Act and Reso lution No . 2453;
WHEREAS, on September 13 , 2022 , the City Council adopted Ordinance No. 257 12-09-202 2,
approving the fisca l year 2022-2023 budget, five -year service pl an , assessment plan , and tax year 2022
assessment roll for the Di strict ;
WHEREAS , the City Counci l desires to amend the fiscal year 2022 -2023 bud get and five-year service
plan ("Amended Service Plan"), wh ich 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. 25712-09 -2022; and
WHEREAS, the Amended Service Plan will not affect the previous ly 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 findin gs li sted above are true and correct and form the basi s 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 2022-2023. In
doing so, the City Council finds that the supplemental services and improvements set forth in the Service Plan
are feasible and advisab le and will serve the need s 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 , op ini on or judgment shall in no way
impair the remainin g portions , sections, or parts of sections of this Ordinance, which shall remain in full force
and effect.
Ordinance No. 26103-04-2023
Page 1 of3
SECTION 4.
This Ordinance is cumulative of all other ordinances and appropriations amending the same except in
those instances where the provisions of thi s Ordinance are in direct conflict with such other ordinances and
appropriations, in which in stan ce said conflicting provi s ions of sai d 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 th ) 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 th e date of its passage .
AND IT IS SO ORDAINED.
APPROVED AS TO FORM
AND LEGALITY:
Nico Aria s(May 1, 2023 09:03 CDT)
Nico Arias, Assistant City Attorney
M&C: 23-0308
Adopted and Effective: April 25, 2023
ATTEST:
r11,,z,..Qn•9
Jann ette Good a ll , City Secretary
Ordinance No. 26103-04-2023
Page 2 of3
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort Worth
Mid-Year Five Year Service Pl3n FY23. FY27
Public Improvement District Ho. 6 -Pa rk G len
FY22/23 FY2 3/24 FY24125 FY25126 FY26.r27
REVENUES
P ID Assessments• s 1 ,934,022 $ 1,992,043 $ 2 ,051,804 $ 2 ,113,358 $ 2 ,176,759
COFW P:,ymer,t in lieu of Sen.ices 270,925 199,556 199,556 199,556 199,556
COFW Assessment 8 ,701 6,897 6,897 6,897 6,897
T Ol.ll Budgeted Revenues $ 2,21l,648 $ 2,198,496 $ 2,258,257 $ 2,319,811 $ 2,38l,2 12
Use of Fun:l Balance 69,5 2
Total Revenues $ 2,38l, 160 s 2,198,496 $ 2,2511257 $ 2,319,811 $ 2,383,212
EXPENSES
Man.,gement fee s 136,041 $ 138,762 $ 14 1,537 $ 144,368 s 147,255
utilities 222,000 195,840 199,757 203,752 2rr7,8Z7
l anc!sc:iping 1 ,174,047 980,000 980,000 9.s0,000 980,000
C.ormloo Area Maintenance 374,000 152,457 3 9,572 323,000 81,000
Holiday Deocrnticn 23,000 23,000 23,000 23,000 33,000
Seamy Enroncements 285,400 291 ,106 296,930 303;669 309,766
Comrruni cafons 1 8,000 15,000 15,000 20,000 20,000
Pub c Events 43,100 45,000 45,000 52,000 62,eoo
Captal ln,,rovemerils 60,162 300,000 180,937 208,067 4 82,541
Annual Review 4 ,600 4,600 4 ,600 4 ,600 4 ,&JO
City Administrative Fee 42,8 10 43,970 45,165 46,396 47,664
Total Budgeted Expenses $ 2,38l,160 $ 2,1 89,737 $ 2,251 ,498 $ 2,309,052 $ 2.376,453
Coo bi bu1ion to Fund Balance
Total Expense $ 2,38l.160 $ 2,1 89,737 $ 2,251 ,498 $ 2,309,052 $ 2.376,-453
Net Change i n Fund Balance $ (169,512) s 8,759 $ 6,759 $ 10,759 s
Fund Balance, Beguring of Ye31 (Estiroted Yrs 2-5) 548,865 379,353 388,11 2 394,871 405,630
Estim3!ed Fund Bal3llce, En:l of Year 379,353 388,112 394,871 405,630 405,630
Reserve Reqlirernent 365,029 374,658 384,9 19 396,155 396,155
Over (Under) Reserve $ 14,324 $ 13,454 $ 9,952 $ 9,475 s 9,475
'FY2023Assess=nt Rate= $.155 Resi&nli $.tn5 Convnercial
T he total budgeted costs of the improvements and serv ices for t he Distr ict for fiscal year 2022-2023 are
$2,383 ,160.00. Of this amount, $1,934,022 .00 will be funded by assessments collected on private ly-owned
parce ls located in the District. The remainder of the costs will be funded by other revenue sources, including:
• $270,925.00 in direct payments from the City for payment in lieu of services, which was appropriated
from the General Fund balance by City Council actio n on September 13, 2022, and by this amendme nt;
• $8,701.00 in direct payments from the City for payment in lieu of assessments , which was appropriated
from the General Fund balance by City Council action on September 13, 2022, and by this amendment.
• $169,512 .00 in add it ional funds to be transferred from the unaud ited , unassigned fund balance.
Ordinance No. 26103 -04-2023
Page 3 of3
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/25/23 M&C FILE NUMBER: M&C 23-0308
LOG NAME : 17PID06 MIDYEARFY23
SUBJECT
(CD 4 / Future CD 4) Adopt Ordinance Amending the Fiscal Year 2022-2023 Adopted Budget and Five -Year Service Plan for Public Improvement
District 6 -Park Glen and Adopt Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Counci l:
1. Adopt the attached ordinance amending the Fiscal Year 2022-2023 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 ofTarrant County , Texas no later than the seventh (7 th ) day after adoption by the City Council ;
2. Adopt the attached appropriation ordinance adjusting appropriations in the General Fund by decreasing appropriations in the Non-
Departmental Department in the amount of $73 ,173.00 and increasing appropriations in the Economic Development Department by the
same amount, for the purpose of transfer to the Fort Worth Public Improvement District 6 -Park Glen Fund for funding Payment In-Lieu of
Services and City of Fort Worth Assessments ; and
3. Adopt the attached appropriation ordinance in creas ing estimated receipts and appropriations in the Fort Worth Public Improvement District
6 -Park Glen Fund 1) in the amount of $169 ,512.00, in Fiscal Year 2022-2023 , from availab le , unreserved fund balance; 2) in the amount of
$73 ,173.00 , transferred from Economic Development Departments General Fund , for purpose of funding Payment In-Lieu of Services and
City of Fort Worth Assessments.
DISCUSSION:
The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts (PIDs). The City's PIO Policy
outlines the need to proactively work with the City's PIO management companies to oversee the services being provided within each of the PIDs.
PIO 6 -Park Glen (Park Glen PIO) is managed by FirstService Residential Texas PIO , LLC (FirstService).
On September 13 , 2022 , City Council adopted Ordinance No . 25712-09-2022, approving the fiscal year (FY) 2022-2023 Budget , Five-Year
Service Plan, Assessment Plan, and Tax Year 2022 Assessment Roll for the Park Glen PIO. After conducting a mid-year review of the Park
Glen Pl D's budget , City staff and FirstService has identified the need to increase Park Glen Pl D's (City of Fort Worth) allocations by $242 ,685 .00
to account for 1) $71,369.00 of additional payment in-lieu of services 2) $1,804.00 of additional City payment in-li eu of assessments and 3)
$169,512.00 use of fund balance . Expenditure adjustments can be primarily attributable to increases in landscaping , maintenance , and utilities for
costs associated with a new contract agreement , irrigation system improvements , and fence repairs.
Two line items listed on the Five-Year Service Plan require a transfer of City funds: (1) the City Payment In -Lieu of Services and (2) the City of Fort
Worth Assessment. The City's Payment In-Lieu of Services is a supplement to the PIO budget and intended to provide for the standard level of
improvements and services as comparable to what would be provided by the City for the taxpayers generally. The City of Fort Worth Assessment
is an allocation to the Park Glen PIO budget for assessments the City would pay on City-owned properties in the Park Glen PIO , if the City was not
a tax-e xempt entity .
Revenue Adjustments:
Line Items to
be Adjusted
Previously
Approved FY23
Budget Item
II S:;1, !'.l 34,022 .00
$199 ,556.00
Recommended
Mid-Year
djustment
Amended
FY23 Budget
Item
$71 ,369 .00 $270 ,925 .00
$1 ,804.00
Expenditure Adjustments:
Line Items to Previously
be Ad"usted Approved FY23
J Budget Item
Utilities
ndscaping
Common
Area
Maintenance
Capital
Improvements
otals
$265 ,000 .00
$185 ,162 .00
$1,581,524.00
Recommended
Mid-Year
Adjustment
Amended
FY23 Budget
Item
22 ,000.00
$109,000 .00 $3 74 ,000.00
($125 ,000.00) $60 ,162 .00
$242,685.00 $1,830,209.00
All other previously approved line items not mentioned above remain the same . Upon approval of the above recommendations , the total budgeted
expenses for FY 2022-2023 will be $2 ,383 ,160 .00 . This mid-year budget adjustment will decrease the unaud ited , unassigned fund balance by a
total of $169 ,512 .00 . The revised Budget and Five-Year Service Plan will take effect upon approval by City Council. The City and Fi rstService w ill
update the existing contract to reflect the mid -year adjustment (City Secretary Contract No. 58423).
Funding is available for appropriation in the fund balance of the FWPID #6 -Park Glen Fund . The beginning balance is $548 ,865 .00 , after this
M&C, available balance will be $379 ,353 .00 . Funding is also budgeted in the Other Contractual Services account of the Nondept Other
Contractual Department's General Fund .
The East Lancaster PIO is located in COUNCIL DISTRICT 4/FUTURE COUNCIL DISTRICT 4 .
A Form 1295 is not requi red because : This M&C does not requ est approval of a contract with a business entity .
FISCAL INFORMATION/ CERTIFICATION:
The Director of Finance certifies that upon approval of the recommendations and adoption of the attached appropriation ordinances , 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: William Johnson 5806
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808