HomeMy WebLinkAboutOrdinance 26117-04-2023ORDINANCE NO. 26117-04-2023
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 20 -EAST LANCASTER A VENUE FUND IN THE AMOUNT OF
$58,740.00, FROM AVAILABLE, UNRESERVED FUND BALANCE, FOR THE
PURPOSE OF FUNDING MID-YEAR BUDGET ADJUSTMENTS; 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.
T hat in add iti on to those amounts a llo cated to the various C ity departments for F iscal Year 2022-2023 in the
Budget of the City Manager, there sha ll a lso be increased estimated receipts and appropriat ions in the Fort
Worth Public Improvement Di strict 20 -East Lancaster Avenue Fund in the amo unt of $58 ,740.00, from
avail a ble , unreserved fund balance, for th e purpose offunding mid-year budget adjustment s.
SECTION 2.
That shou ld a ny portion , section or part of a section of this ordinance be declared in valid , in operative or void
for any reason by a court of competent juri sd iction , s uch decision , opinion or judgment sha ll in no way impair
the re mainjng portions, sections, or parts of sectio ns of thi s ordin ance, which sai d remairung provisions sh a ll
be a nd remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance 25773-09-2022 and a ll other ordinances and
appropriations amending the same except in tho se instances where the provi s ions of this ordinance are in
direct conflict with s uch other ordinances and appropriations, in which instance said conflicting provisions of
said prior ord inan ces and appropriations are hereby express ly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY:
ALL
Nico Arias (May 1, 2023 09:07 CDT)
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 25, 2023
CITY SECRETARY
r}.~
Jannette S. Goodall
City Secretary
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/25/23 M&C FILE NUMBER: M&C 2 3-0 3 13
LOG NAME: 17PID20 MIDYEARFY23
SUBJECT
(CD 5 and CD 8 / Future CD 8 and CD 11) Adopt Ordinance Amending the Fiscal Year 2022-2023 Adopted Budget and Five-Year Service Plan
for Publi c Improvement D istrict 20 -East Lancaster Avenue and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1 . Adopt the attached ordinance amending the Fiscal Year 2022-2023 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 ofTarrant County, Texas no later than the seventh (Jlh) 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 $58 ,740 .00 , from available , unreserved fund balance , for the purpose of funding mid -year
budget adjustments .
DISCUSSION:
The C ity 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 with in each of the PIDs .
PIO 20 -East Lancaster (East Lancaster PIO) is managed by FirstService Residential Texas PIO , LLC (FirstService).
On September 13 , 2022 , City Council adopted Ordinance No . 25728-09-2022 , approving the (FY) 2022-2023 Budget , Five-Year Service Plan ,
Assessment Plan , and Tax Yea r 2022 Assessment Roll for the East Lancaster PIO . 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 PIO Budget by $58 ,740.00 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 Approved Recommended Amended
to be Mid-Year FY23
Adjusted FY23 Budget Item Adjustment Budget Item
PIO $291 ,898 .00 $0.00 $291 ,898.00 Assessments
Use of Fund $0.00 $58 ,740 .00 $58 ,740.00 Balance
Totals $291,898.00 $58,740.00 I $350,638.ool
Expenditure Adjustments :
Line Items to Previously Approved Recommended Amended
Mid-Year FY23 be Adjusted FY23 Budget Item Adjustment Budget Item
Security $259 ,000.00 $53 ,600 .00 I $312 ,600 .00
Community [:001 $8900 .00 Marketing/ $1 ,500 .00
Events
Contribution G to Fund $2 ,260.00 ($2 ,260 .00)
Balance
I
Totals $262,760.00 $58,740.00 $321 ,500.00
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 $350,638.00. This mid -year budget adjustment will decrease the unaudited , unassigned fund balance by a total
of $58 ,740 .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 . 58426).
Funding is available for appropriation in the fund balance of the FWPID #20 -East Lancaster Ave Fund. The beginning balance is
$107 ,350.00 , after this M&C , available balance will be $48 ,610 .00 .
The East Lancaster PIO is located in COUNCIL DISTRICTS 5 & 8/FUTURE COUNCIL DISTRICTS 8 & 11 .
A Form 1295 is not required because : This M&C does not requ est approval of a contract with a bus iness entity .
FISCAL INFORMATION / CERTIFICATION:
The Directo r of Finance certifies that upon approval of the 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 . Prio r to any expenditure being incurred ,
the Econom ic 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