HomeMy WebLinkAboutOrdinance 26855-04-2024ORDINANCE NO.26855-04-2024
AN ORDINANCE AMENDING THE FISCAL YEAR 2023-2024 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 19 —
HISTORIC CAMP BOWIE; 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 August 14, 2018, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 19 — Historic Camp Bowie ("District"), as a
public improvement district in accordance with the Act and Resolution No. 4966-08-2018;
WHEREAS, on September 12, 2023, City Council adopted Ordinance No. 26437-09-2023, approving
the fiscal year (FY) 2023-2024 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2023
Assessment Roll for the Historic Camp Bowie PID;
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. 26437-09-2023; 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:
69_xoinffelelip
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 PIan
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.
SECTION 4.
This Ordinance is cumulative of all other ordinances and appropriations amending the same except in
Ordinance No. 26855-04-2024
Page I of 3
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 S.
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') 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:
ALA=Nico Aria24 15:30 CDT)
Nico Arias, Assistant City Attorney
Lu[?� ► ��Ci�I��C��]
Adopted and Effective: April 23, 2024
ATTEST:
-fot'J'a- Ronald Gonzales
for JG: Ronald Gonzales (Apr 26, 2024 15:35 CDT)
Jannette S. Goodall, City Secretary
Ordinance No. 26855-04-2024
Page 2 of 3
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort worth
Five Year Service Plan - FY 2024 - FY2028 (Midyear Adjustment)
Public Improvement District No. 19 - Historic Camp Bowie
FYE 23r24
FYE 24125
FYE 25126
FYE 2607
FYE 27l2B
REVENUES
PID Assessments
S
497,673
S
517.580
S
538,283
$
559,814
$582,207
COFW Payment in Ieu of Serrices
38,887
38.887
3&887
38,867
38,887
Budget Revenues
S
621,094
S
536,560
S
556.467
S
5T7,170
S
598,701
Use of Furl Balance
33.321
9,976
Total Revenues
i
631.070
S
560,881
$
556.467
S
577,170
S
598,701
EXPENSES
hlaragement Fee
S
46,072
S
99.684
S
115.434
S
101,701
S
119204
Seautitication Aamin
25,000
25.000
25.000
25,000
S
25,000
Beavtfiicat*n - UVI*es
38.000
39,520
39.678
41,662
43,745
Seaut,fication - Maintenance
120,000
124216
118,764
133,514
138 855
Litter Abatement
50,000
52,000
54,080
56,243
58,493
security
70,000
72,800
75-712
78.740
81,890
Economic Developrrient
35.000
25,000
25.000
25,000
25,000
Marke1mg 8 Promobw
66,0m
55,000
55,000
55,000
550W0
CommunKabon
42.500
30000
30,000
30,000
30.000
Audit
12,000
12-480
12,979
13,498
14,038
City Admmistrat!ve Fee
10.309
11A29
11,543
11,974
1Z422
City Adrnirustratire Audit
3.000
3,120
3,245
3.375
3,510
Total Budget Expenses
$
569,981
S
549,949
S
566,435
S
575,708
$
607,157
Contnbutien to Fund Balarce
-
S
6,518
$
22,994
23 913
Total Expenses
S
569.081
S
556.467
S
%6.435
S
590.701
S
631,070
Net Change in Fund Balance
S
(33.321)
$
6,518
S
10.735
S
22.994
S
13,937
Fund Balance Beginning (Estimated Yrs 2-5)
162,189
128,868
135.386
146,121
169,114
Estimated Fund Balance. End of Year
128,W8
135.386
146.121
159,114
183.052
Reserve Requirement
93,410
94,425
95.970
101,213
101213
Over(Under)Reserve
S
35ASS
$
40,961
$
50.150
S
67,901
S
81,834
'FY2024 Assessment Rate - S.10
The total budgeted costs of the improvements and services for the District for fiscal year 2023-2024 are
$569,881.00. Of this amount, $497,673.00 will be funded by assessments collected on privately -owned parcels
located in the District. Costs in the amount of $38,887.00 will be funded through City 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. The remainder will be funded in the amount of $33,321.00 transferred from the unaudited,
unassigned fund balance by City council on September 12, 2023, and by this amendment.
Ordinance No. 26855-04-2024
Page 3 of 3
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/23/24 M&C FILE NUMBER: M&C 24-0330
LOG NAME: 17PID19 MIDYEARFY24
SUBJECT
(CD 3 and CD 7) Adopt Ordinance Amending the Fiscal Year 2023-2024 Adopted Budget and Five -Year Service Plan for Public Improvement
District 19 -- Historic Camp Bowie and Adopt Appropriation Ordinance
It is recommended that the City Council:
Adopt the attached ordinance amending the Fiscal Year 2023-2024 Budget and Five -Year Service Plan for Public Improvement District 19 —
Historic Camp Bowie 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 (7th) day after adoption by the City Council; and
2. Adopt the attached appropriation ordinance adjusting appropriations in the Fort Worth Public Improvement District 19 - Historic Camp
Bowie Fund by 1) decreasing the use of fund balance in the amount of $30,596.00, 2) increasing revenue in the amount of $21,096.00 from
available funds transferred from the General Fund for the Park and Recreation Department, and 3) decreasing other contractual services
account in the amount of $9,500.00 forthe purpose of reducing expenditures related to mid -year adjustment.
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 19 — Historic Camp Bowie (Historic Camp Bowie PID) is managed by Camp Bowie District Inc., (CBDI).
On September 12, 2023, City Council adopted Ordinance No. 26437-09-2023, approving the Fiscal Year (FY) 2023-2024 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2023 Assessment Roll for the Historic Camp Bowie PID. After conducting a mid -year review of the
Historic Camp Bowie PID's budget, City staff and CBDI has identified the need to decrease Historic Camp Bowie PID's (City of Fort Worth)
allocations by $9,500.00 to account for $21,096.00 additional payment in -lieu of services. The additional revenue increase will result in a reduction
to the original use of the fund balance in the amount of $30,596.00. Expenditure adjustments can be primarily attributable to a reallocation of
economic development to marketing & communication to account for adjustments to litter abatement, beautification -maintenance, economic
development, marketing, and communication line items.
The City's Payment In -Lieu of Services is a supplement to the Historic Camp Bowie PID 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.
Revenue Adjustments:
Line Items to
be Adjusted
Previously
Approved FY24
Budget Item
Recommended
Mid -Year
Adjustment
Amended
FY24 Budget
Item
PID
Assessments
$497,673.00
$0.00
$497,673.00
COFW
Payment in lieu
$17,791.00
$21,096.00
$38,887.0Q
of Services
Use of Fund
Balance
$63,917.00
($30,596.00)
$33,321.00
Totals
$579,381.00
($9,500.00)
$569,881.00
Expenditure Adjustments:
Line Items to
Previously
Recommended
Amended
be Adjusted
Approved FY24
Mid -Year
FY24 Budget
Budget Item
Adjustment
Item
Litter
Abatement
$65,000.00
($15,000.00)
$50,000.00
(Beautification -
Maintenance
$115,000.00
$5,000.00
$120,000.00
Economic
Development
$60,000.00
($25,000.00)
$35,000.00'
MarketingL
Promotion
$55,000.00
$13,000.00
$68,000.00�
Communication1
$30,000.001
$12,500.001
$42,500.00
Totals
$325,000.00
1 ($9,500.00)11
$315,500.00
All other previously approved line items not mentioned above remain the same.
Upon approval of the above recommendations, the total budgeted expenses for FY 2023 2024 will be $569,881.00. This mid -year budget
adjustment will increase the unaudited, unassigned fund valance by a total of $9,500.00. The revised Budget and Five -Year Service Plan will take
effect upon approval by City Council. The City and CBDI will amend the existing management contract to reflect the mid -year adjustments (City
Secretary Contract No. 60315).
The Historic Camp Bove a PID is located in COUNCIL DISTRICTS 3 & 7.
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 recommendations and adoption of the attached appropriation ordinance, funds will be
available in the current operating budget, as appropriated, in the FIIVPID #19 - Hist Camp Bowie 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
Additig aLlnformation Contact: Lacey Ruiz 2608
Expedited