HomeMy WebLinkAboutOrdinance 26108-04-2023ORDINANCE NO. 26108-04-2023
AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 7 -HERITAGE FUND BY INCREASING APPROPRIATIONS IN THE
AMOUNT OF $15,893.00, TRANSFERRED FROM ECONOMIC DEVELOPMENT
DEPARTMENT GENERAL FUND, FOR PURPOSE OF FUNDING PAYMENT IN-
LIEU OF SERVICES AND CITY OF FORT WORTH ASSESSMENTS AND
DECREASING APPROPRIATIONS BY THE SAME AMOUNT, IN FISCAL YEAR
2022-2023, IN UNRESERVED FUND BALANCE; 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 a ll ocated to the various City departments for Fiscal Year 2022-2023 in the
Budget of the City Manager, there shall a lso be adjusted estimated receipts and appropriations in the Fort
Worth Public Improvement District 7 -Heritage Fund by increasing appropriations in the amount of
$15 ,893.00 , transferred from Economic Development Department General Fund, for purpose of funding
payment in-lieu of services and City Of Fort Worth assessments and decreasing appropriations by the same
amount, in Fiscal Year 2022-2023, in unreserved fund balance.
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, s uch 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 cumulative of Ordinance 25773-09-2022 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said prior ordinances and appropriations are hereby expressly repealed.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
ALL
Nico Arias (May 1, 2023 09:06 CDT)
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 25, 2023
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/2 5/23
LOG NAME: 17PID07 MIDYEARFY23
SUBJECT
M&C FILE NUMBER: M&C 2 3-0309
(CD 4 and CD 7 I Future CD 7 and CD 10) Adopt Ordinan ce Amending the Fiscal Yea r 2022-2023 Budg et and Five-Y ear S e rvice Plan fo r Public
Improvement District 7 -Heritage and Adopt Appropriation Ordinan c es
RECOMMENDATION:
It is recommended that th e City Council:
1 . Adopt the attached ordinance amend ing the Fiscal Year 2022-2023 Budget and F ive-Yea r Service Plan for Publ ic Improvement Distri ct 7 -
Heritage to reflect amendments associated with a mid-year review and direct th e City Se cretary to record the same in the real property
records ofTarrant County , Texas no late r than the seventh (Jih) day after adoption by the City Council ;
2 . Adopt the attached appropriation ord ina nce adj usting appropriations in the General Fund by decreasing approp ri ations in the Non-
Departmental Department in the amount of $15 ,893.00 and increasing appropriations in th e Economic Development Department by the
same amount , for the purpose of transfer to the Fort Worth Public Improvement District 7 -Heritage Fund for funding Payment In-Lieu of
Services and City of Fort Worth Payment In -Lieu of Assessments ; and
3 . Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Fort Worth Publ ic Improvement District
7 -Heritage Fund increasing appropriations in the amount of $15 ,893.00 , t ra nsferred from Economic Development Departments General
Fund , for purpose of funding Payment In-Lieu of Services and City of Fort Worth Payment In-Lieu of Assessments ; and decreasing
appropriations in the Fort Worth Public Improve ment District 7 -Heritage Fund in the amo unt of $15,893 .00 , in F iscal Year 2022-2023 ,
in unreserved fund balance .
DISCUSSION:
The City of Fort Worth 's Department of Economic Development administers the City's Public Improvement Districts (Pl Os). 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 Pl Os.
PIO 7 -Heritage (Heritage PIO) is managed by FirstService Residential T ex as PIO , LL C (FirstService).
On September 13, 2022 , City Council adopted Ordinance No . 25714-09-2022, approving the fiscal year (FY) 2022-2023 Budget , Five-Year
Service Plan, Assessment Plan , and Tax Year 2022 Assessment Roll for the Heritage PIO . After conducting a mid-year review of the He ri tage
Pl D's budget , C ity staff and FirstService have identified the need to increase Heritage PID 's budget by $15 ,893 .00 to account for 1) $15 ,296.00 of
additional payment in -lieu of services , and 2 ) $597 .00 of additional City payment in -lieu of assessments. The additional revenue increase will
result in a reduction to the original use of the fund balance in the amount of $15 ,893.00.
Two line items listed on the Five-Year Service Plan require a transfer of C ity funds : (1 ) t he 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 Heritage 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 C ity of Fort Worth
Assessment is an allocation to the PIO budget for assessments the City would pay on City-owned properties in the Heritage PIO , if the City was
not a tax-exempt entity .
Revenue Adjustments:
Line Items to Previously Recommended Amended
be Adjusted Approved FY23 Mid-Year FY23 Budget
Budget Item Adjustment Item
PIO $1 ,860,543 .00 $0.00 $1 ,860 ,543 .00 Assessments
COFW
Payment in lieu $191,096 .00 $15 ,296.00 $206 ,392.00
of Services
COFW $16 ,716.00 $597 .00 $17 ,313 .00 Assessment
Use of Fund $267,033.00 ($15 ,893.00) $251,140 .00 Balance
Totals $2,335,388.00 $0.00 $2,335,388.00
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 ,335 ,388 .00. This mid-year budget
adjustment will increase the unaudited , unassigned fund balance by a total of $15 ,893 .00 . The revised Budget and Five-Year SeNice Plan will take
effect upon approval by City Council. The City and FirstSeNice will amend the existing management contract to reflect the mid-year adjustments
(City Secretary Contract No . 58421 ).
Funding is budgeted in the Other Contractual SeNices account of the Nondept Other Contractual Department's General Fund.
The Heritage PIO is located in COUNCIL DISTRICTS 4 & 7 / FUTURE COUNCIL DISTRICTS 7 & 10 .
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 ordinances , funds
will be available in the current operating budget , as appropriated, in 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 Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808