HomeMy WebLinkAboutOrdinance 26857-04-2024ORDINANCE NO.26857-04-2024
AN ORDINANCE AMENDING THE FISCAL YEAR 2023-2024 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 20 -- EAST
LANCASTER AVENUE; 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 February 12, 2019, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 20 — East Lancaster Avenue ("District'), as a
public improvement district in accordance with the Act and Resolution No. 5052-02-2019;
WHEREAS, on September 12, 2023, City Council adopted Ordinance No. 26439-09-2023, approving
the fiscal year (FY) 2023-2024 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2023
Assessment Roll for the East Lancaster Avenue PID;
WHEREAS, the City Council desires to amend the fiscal year 2023-2024 budget and five-year service
plan ("Amended Service PIan"), 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. 26439-09-2023; 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.
SECTION 4.
This Ordinance is cumulative of all other ordinances and appropriations amending the same except in
Ordinance No. 26857-04-2024
Page! 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 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 (71h) 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 15:30 CDT)
Nico Arias, Assistant City Attorney
M&C: 24-0331
Adopted and Effective: April 23, 2024
F
Q
ATTEST:
far'7-6 - Ronald Gonzales
for JG: Ronald Gonzales (Apr 26, 202415:35 COT)
Jannette S. Goodall, City Secretary
Ordinance No. 26857-04-2024
Page 2 of 3
REVENUES
PID Assessments
Total Budgeted Revenues
Use of Fund Balance
Total Funds Available for Use
EXPENSES
Management Fee
Liter Pickup
City Adrnnistrative Fee
Security
Community MarketingfEveMs
AudiVAnnual Review
Communications
Total Budgeted Expenses
Contribution to Furl Balance
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort Worth
Five Year Service Plan FY24-FY28
Public Imrovement District No. 20 - East Lancaster -
Mid Year
FY23+24 FY24125
FY25,26
FY26127
FY27,28
5 333,704 $ 340378
$ 347,186
S
354,129
$
361,212
S 333,704 S 340,378
$ 347.186
S
3KI29
S
361,212
48,560
S 382,264 S 340,378
$ 347,186
S
3KI29
S
361,212
S 19,590 S 19,981
$ 20.381
$
20,788
$
21,203
16,800 -
-
6,674 6,808
6,944
7,083
7,224
330,000 286,000
297,440
309,338
321,711
3,200 3,200
3,200
3,200
32M
3,000 3.000
3,000
3,000
3.000
3,000 3,000
1000
3,000
3,000
S 382,264 $ 321,989
S 333,964
S
346,409
S
359,338
- 18.390
13,222
7,721
-
1,874
Total Expense$
382,264
340,379
347.186
354,130
361,212
Net Change in Fund Balance
$ (48.560)
S 18,389
$ 13.222
$ 7,720
S 1,873
Fund Balance. Begimng of Year (Estimated Yrs 2-5)
106,621
58-061
76,450
89.671
97,392
Estimated Fund Balance, End of Year
58.061
76,450
89.671
97.392
94,265
Reserve Requirement
53.676
55.672
57.746
57,746
59,902
Over (Under) Reserve
S 4.385
S 20,778
$ 31,925
$ 39,646
$ 39,364
"FY2024 Assessment Rate = S.266
The total budgeted costs of the improvements and services for the District for fiscal year 2023-2024 are $382,
264,00. Of this amount, $333,704.00 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: $48,560.00
transferred from the unaudited, unassigned fund balance.
Ordinance No. 26857-04-2024
Page 3 of 3
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/23/24 M&C FILE NUMBER: M&C 24-0331
LOG NAME: 17PID20 MIDYEAR FY24
SUBJECT
(CD 8 and CD 11) Adopt Ordinance Amending the Fiscal Year 2023-2024 Adopted Budget and Five -Year Service Plan for Public Improvement
District 20 — East Lancaster Avenue and Adopt Appropriation Ordinance
R_ ECOMMENDATION:
4
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 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 of Tarrant County, Texas no later than the seventh (71h) 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 $48,560.00, from available, unreserved fund balance, for the purpose of funding mid -year
budget adjustments.
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 20 — East Lancaster (East Lancaster PID) is managed by FirstService Residential Texas PID, LLC (FirstService).
On September 12, 2023, City Council adopted Ordinance No. 2643M9-2023, approving the Fiscal Year (FY) 2023-2024 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2023 Assessment Roll for the East Lancaster PID. 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 PID Budget by $48,560.00 to
align expenses with actual activities that are attributable primarily to increases in security for increased patrols and the addition of litter pickup in
the district.
Revenue Adjustments:
Line Items
Previously Approved
Recommended
lAmended
to be
FY24 Budget Item
Mid -Year
FY24
Adjusted
Adjustment
IBudget Item
Use of Fund
$0,00
$48,560.00
F
$48,560.00
Balance
Totals =1
$0.00
$48,560.00
$48,560.00
Expenditure Adjustments:
Line Items
Previously Approved
Recommended
Amended
to be
FY24 Budget Item
Mid Year
FY24
Adjusted
Adjustment
Budget Item
Security
$275,000.00
$55,000.00
$330,000.00
Litter Pickup
$0.00
$16,800.00
$16,800.00
Contribution '
to Fund
$23,240.00
($23,240.00)
$0.00
E:
Balance
$298,240.00
$48,560.00
$346,800.00
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 $382,264.00. This mid -year budget adjustment will decrease the unaudited, unassigned fund balance by a total
of $48,560.00. 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. 60314).
Funding is available for appropriation in the fund balance of the FWPID #20 - East LancasterAve Fund. The beginning balance is
$245,679.40, after this M&C, available balance will be $197,119.40.
The East Lancaster PID is located in COUNCIL DISTRICTS 8 & 11.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCALINFORMATION 1 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 #20 - East LancasterAvenue 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_bX:
William Johnson
5806
Originating Business Unit
Head:
Robert Sturns
2663
Additional Information Contact: Lacey Ruiz 2608
Expedited