HomeMy WebLinkAboutOrdinance 26844-04-2024ORDINANCE NO. 26844-04-2024
AN ORDINANCE AMENDING THE FISCAL YEAR 2023-2024 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 DATE.
WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local
Government Code ("Act"), allows for the creation of public improvement districts;
WHEREAS, on September 22, 1998, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 6 — Park Glen ("District"), as a public
improvement district in accordance with the Act and Resolution No. 2453;
WHEREAS, on September 12, 2023, the City Council adopted Ordinance No. 26425-09-2023,
approving the fiscal year 2023-2024 budget, five-year service plan, assessment plan, and tax year 2023
assessment roll for the District;
WHEREAS, the City Council desires to amend the fiscal year 2023-2024 budget and five-year service
plan ("Amended Service Plan"), which 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. 26425-09-2023; and
WHEREAS, the Amended Service Plan will not affect the previously 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 findings listed above are true and correct and form the basis 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 2023-2024. In
doing so, the City Council finds that the supplemental services and improvements set forth in the Service Plan
are feasible and advisable and will serve the needs 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, opinion or judgment shall in no way
impair the remaining portions, sections, or parts of sections of this Ordinance, which shall remain in full force
and effect.
Ordinance No. 26844-04-2024
Page 1 of 3
SECTION 4.
This Ordinance is cumulative of 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 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 (TI) 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 the date of its passage.
AND IT IS SO ORDAINED.
APPROVED AS TO FORM
AND LEGALITY:
ALL
Nico Arias (Apr 26, 2024 15:10 CDT)
Nico Arias, Assistant City Attorney
M&C: 26844-04-2024
Adopted and Effective: April 23, 2024
ATTEST:
for Ronald P. 60nZalO5
for Ronald P. Gonzales (Apr 29, 2024 07:24 CDT)
Jannette
S. Goodall, City Secretary
00
° A
Ordinance No. 26844-04-2024
Page 2 of 3
REVENUES
PID Assessments'
COFW Payment in Lieu of Services
COFW Assessment
Total Budgeted Revenues
Use of Fund Balance
Total Revenues
EXPENSES
Management Fee
ilhl4ies
Landscaprg
Common Area Maintenance
F66ATj Decoratpon
Security Enhancements
Communirawns
Public Events
C,aptW IrWovements
Anrxa7 Review
City Administrative Fee
Total Budgeted Expenses
' xa r:but on to Fund Balance
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort Worth
Five Year Servrce Plan FY24 - FY28
Public Improvement District No. 6 - Paris Glen - Mid Year
FY23+24
FY24425
FY2576
FY2&(27
FY27,28
S 2.154,323
S 2,05€X4
S 2,113,358
S 2,176.7%
S 2,242,062
2'C,52E
270,825
270,925
270,925
270,925
7,29E
72%
7,298
7,298
7,298
$ 2.463.546
$ 2,330,027
$ 4351,581
S 2,454,982
S 2.520,285
154AW 51198
S 2,628.042 S 2.330.027 S 2.391,581 S 2,507.180 $ 2.520.285
S 152,645
S 157,224
3 160.369
S 163,576
S 166,848
220.OW
199,757
202,735
204,152
211,984
1,321,551
1,097,237
I U7,479
1,138,9$2
1,047,6W
297,0+0C
146,000
327.000
81,000
243,090
23.OW
23,000
23,000
33,000
33,000
265,400
2S1,106
294.000
300.000
306,000
14,500
14,500
14,500
20.ODO
20,000
46,000
45,000
52,000
62,800
62,ew
215,000
305,000
208,067
450,000
164,0W
5,1(30
4.600
4,600
4,6CO
4,600
47,836
46,601
47,632
49,100
50,406
$ 2.628,042
S 2,330.027
S 2.391,581
S 2.507,180
S 2,366,237
214,047
Total Expense
S 2.628,042
$ 2,336,027
$ 2,391,581
S 2,507,180
S 2,520.285
Net Change in Fund Balance
S 1164.496)
$ 0
$ (0)
S (52,198)
$ -
FLrd B".m Beginning of Year (Estimated Yrs 2 5;
572,6E 1
408,165
408,185
408,185
355,987
Estmated Fund Balance.. End of Year
408,185
408,1e5
408,185
355,967
355,987
Reserve 4ecuirement
388,415
374,658
417,947
384.450
3r34,450
over lUnder) Reserve
S 19.770
S 33.527
$ 19,762)
$ {28.463)
$ (28,463)
'FY2023 Assessment Rate = S.155 Resideatia' S.035 Commercial
The total budgeted costs of the improvements and services for the District for fiscal year 2023-2024 are
$2,628,042.00. Of this amount, $2,185,323.00 will be funded by assessments collected on privately -owned
parcels 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 action on September 12, 2023, and by this amendment;
• $7,298.00 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 12, 2023, and by this amendment.
• $164,496.00 in additional funds to be transferred from the unaudited, unassigned fund balance.
Ordinance No.26844-04-2024
Page 3 of
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/23/24 M&C FILE NUMBER: M&C 24-0325
LOG NAME: 17PID06 MIDYEAR FY24
SUBJECT
(CD 4) Adopt Ordinance Amending the Fiscal Year 2023-2024 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 Council:
1. Adopt the attached ordinance amending the Fiscal Year 2023-2024 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 (7rh) day after adoption by the City Council;
2. Adopt the attached appropriation ordinance adjusting appropriations in the Public Improvement District 6 — Park Glen Fund in the amount of
$71,369.00, from available funds transferred from Park and Recreation Department General Fund, for purpose of funding Payment In -Lieu of
Services; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
6 - Park Glen Fund by 1) increasing the use of fund balance in the amount of $164,496.00, 2) increasing revenue.in the amount of
$401.00 transferred from the General Fund for the Economic Development Department, for the purpose of funding Payment In -Lieu of
Assessments.
DISCUSSION:
The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts (PIDs). The City's PID Policy
outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs.
PID 6 -- Park Glen (Park Glen PID) is managed by FirstService Residential Texas PID, LLC (FirstService).
On September 12, 2023, City Council adopted Ordinance No. 26425-09-2023, approving the Fiscal Year (FY) 2023-2024 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2023 Assessment Roll for the Park Glen PID. After conducting a mid -year review of the Park
Glen PID's budget, City staff and FirstService has identified the need to increase Park Glen PID's (City of Fort Worth) allocations by $236,266.00
to account for 1) $71,369.00 of additional payment in -lieu of services 2) $401.00 of additional City payment in -lieu of assessments and 3)
$164,496.00 use of fund balance. The primary factors contributing to expenditure adjustments include increased spending on landscaping,
maintenance, fence repairs, and significant capital improvement projects. These projects encompass the addition of monument lighting,
installation of playground sails, and upgrades to the baseball diamond.
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 PID budget and intended to provide forthe 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 PID budget for assessments the City would pay on City -owned properties in the Park Glen PID, if the City was not
a tax-exempt entity.
Revenue Adjustments:
Line Items to
Previously
Recommended
Amended
be Adjusted
Approved FY24
Mid -Year
FY24 Budget
Budget Item
Adjustment
Item
PID ents
Assessm
3 000 $2,185,32
$0.00
$2,185,323.00
COFW
Payment in lieu
$199,556.D0
$71,369.00
$270,925.00
of Services
COFW
Assessment
$6,897.00
$40i.00
$7,298.00
Use of Fund
Balance
$0.00
$164,496,001
$164.496.00
Totals I$2,391,776.00
$236,266.00
$2,628,042.OD
Expenditure Adjustments:
Line Items to
Previously
Recommended
Amended
Budget
be Adjusted
Approved FY24
Mid Year
FY24
Budget Item
Adjustment
Item
Utilities
$192,000.00
$28,000.0011
$220,000.00
Landscaping
1 $1,248,
$73,561.00
$1,321,561.00
Common
Area
$215,000.00
$82,000.00
$297,000.00
Maintenance
Capital
Improvements
$105,000.00
$1i0,000.00
$215,000.00
Contribution to
Fund Balance
$57,295.00
($57,295.00)
$0.00
Totals
$1,817,295.OQ1
$236,266.00
$2,053,561.0011
All other previously approved line items not mentioned above remain the same. Upon approval of the above recommendations, the total budgeted
expenses for FY 2023-2024 will be $2,628,042.00. This mid -year budget adjustment will decrease the unaudited, unassigned fund balance by a
total of $164,496.00. 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. 60311).
Funding is available for appropriation in the fund balance of the FWPID #6 - Park Glen Fund. The beginning balance is $1,940,048.87, after this
M&C, available balance will be $1,775,552.87.
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 I CERTIFICATION:
The Director 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 #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 Cily Mana et's Office b . William Johnson 5806
Originatinq.Busmes!s-Unit Head: Robert Stums 2663
Additional Information Contact: Lacey Ruiz 2608
Expedited