HomeMy WebLinkAboutOrdinance 26847-04-2024ORDINANCE NO.26847-04-2024
AN ORDINANCE AMENDING THE FISCAL YEAR 2023-2024 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 7 —
HERITAGE; 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"), aIlows for the creation of public improvement districts;
WHEREAS, on September 26, 2000, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 7 — Heritage ("District"), as a public
improvement district in accordance with the Act and Resolution No. 2675;
WHEREAS, on September 12, 2023, the City Council adopted Ordinance No. 26427-09-2023,
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 PIan set out in Ordinance
No. 26427-09-2023; and
WHEREAS, the Amended Service Plan will not affect the previously adopted Assessment PIan 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
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
Ordinance No. 26847-04-2024
Page 1 of 3
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 (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:
-- - ALL
Nico Arias (Apr 29, 2024 09:33 CDT)
Nico Arias, Assistant City Attorney
M&C: 26847-04-2024
Adopted and Effective: April 23, 2024
ATTEST:
Cef Gonzates 2/20212:0 0
Jannette S. Goodall, City Secretary
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Ordinance No. 26847-04-2024
Page 2 of 3
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort Worth
Fire Year Service Plan FY24-FY28 {Midyear Adjustment)
Public Improvement Okstrict No. 7 - Heritage
FY29124
FY24/25
FY25126
FY26f27
FY27128
REVENUES
PM Assessments
$
2.020.700 S
2.061,114 $
2.122,947 S
2,186,636 $
2.252,235
COfW Payment ,n I,eu of Sererrces
$
206.392 $
206,392 $
206,592 S
206,392 $
206.192
COFW Assessment
$
18,473 5
18,473 $
18,473 $
18,473 $
18,473
70tat B,[ddered Revenw,
$
2,24S,565 $
2,245,979 $
4947,832 $
2,411,501 $
2,477,100
Use of Fund Ealance
$
198,929 $
- $
- $
. $
-
TotalFundsAvailableforuse
$
2,444,483 $
2,28S,979 $
2,347,812 $
2,411,501 $
2,477,100
EXPENSES
Prior Year Adjustment
$
101.02-
UNRses
S
266.915 $
289,591 5
295,385 $
501,293 $
307,513
1.3n41[smpbsLrtree Maintenance
5
1.234,408 5
1,035,226 5
1,072.115 $
1,110,3S9 $
1.150.005
Common Area Maintenance
S
246,500 $
158,100 $
161,262 S
164.497 $
167,777
Holihv tlghting
$
43203 $
49,167 $
S0,250 $
51,153 S
52,176
Seturrty Enhancements
$
]00.500 $
102,510 S
104r60 $
106,fiS1 S
108,784
Advertaing
5
500 S
500 $
500 $
S00 $
SOD
Public Everts
$
67,5SC 5
69,932 $
71.351 $
72.757 $
74,212
Capital Improvements
5
53,000 $
243,661 $
253634 $
258,707 $
263.281
Management Fee
$
141,000 $
143,R20 $
146,696 $
149.630 $
152,623
0" Administrative Fee
$
44,570 $
45,490 $
46,400 $
47,328 $
48,274
Annuat Re%lkv
5
3,0W 5
3,000 $
3,OW $
31000 $
3.000
$uopin-1 PcrCnnel
$
157,23s $
139,980 $
142.779 $
145,635 5
148,S48
Total Oudgebed Expenses
$
2,444,"3 $
2,235,979 5
2,347,612 j
4411,501 $
2.477,100
Co bd utian to fund Balance
-
-
-
-
Total [apcnses
$
2,444,493 $
2,285,979
2,547,912
2,411 501 §
2,477,100
Net Change 9[ Fund Balance
$
(198,910) $
0 $
0 $
0 $
0
Eeginning fund Balance, (Effwted Yrs 2-5)
$
766,710 $
567,792 5
567,792 S
567.792 S
567.793
E%Um -t d Fund Balance. End of Year
$
567,792 S
567,792 S
567,792 $
567,791 S
567,793
Reserve Requlrament
$
381,071 $
391.380 5
431997 5
412.933 $
412.933
Over Juridul Reserve
5
186,729 S
176,412 $
165,795 $
154.860 $
154,860
'FY2024 Assessment Rate - $.150 Residential) 5.110 Comore, [ial
The total budgeted costs of the improvements and services for the District for fiscal year 2023-2024 are
$2,444,483.00. Of this amount, $2,020,700.00 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:
• $206,392.00 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; and
• $18,473.00 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; and
• $198,918.00 transferred from the unaudited, unassigned fund balance by City council on September 12,
2023, and by this amendment,
Ordinance No. 26847-04-2024
Page 3 of 3
City of Fort Worth,
Mayor and
DATE: 04/23/24
Texas
Council Communication
KOIH ► I_1Mi[r7�LI�Y7ull�'1�s1:»'f�!
M&C FILE NUMBER: M&C 24-0326
SUBJECT
(CD 4 and CD 10) Adopt Ordinance Amending the Fiscal Year 2023 2024 Budget and Five -Year Service Plan for Public Improvement District 7 --
Heritage 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 7 —
Heritage 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 Fort Worth Public Improvement District 7 - Heritage Fund in the
amount of $15,296.00, transferred from available funds from the 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
7 - Heritage Fund 1) in the amount of $133,968.00, in Fiscal Year 2023-2024, from available, unreserved fund balance, and 2) in the amount
of $1,757.00, transferred from the General Fund for the Economic Development Department, for 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 7 — Heritage (Heritage PID) is managed by FirstService Residential Texas PID, LLC (FirstService).
On September 12, 2023, City Council adopted Ordinance No. 26427-09-2023, approving the Fiscal Year (FY) 2023-2024 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2023 Assessment Roll for the Heritage PID. After conducting a mid -year review of the Heritage
PID's budget, City staff and FirstService have identified the need to increase Heritage PID's budget by $151,021.00 to account for 1) $15,296.00
of additional payment in -lieu of services 2) $1,757.00 of additional City payment in -lieu of assessments, and 3) $133,968.00 use of fund balance.
Expenditure adjustments can be primarily attributable to increases in landscaping, common area maintenance, and prioryear budget adjustments.
These projects encompass irrigation repairs and creek and lake cleanout. Decreases in utilities, capital improvements, and City administrative
fees are also part of the adjustments, primarily resulting from reallocation to accommodate increased expenditures and rectify prior year
administrative fees.
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 Heritage 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. The City of Fort Worth
Assessment is an allocation to the PID budget for assessments the City would pay on City -owned properties in the Heritage 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
Assessments
$2,020,700.00
$0.00
$2,020.700.00
COFW
Payment in lieu
$191,096.00
$15,296.00
$206,392.00
of Services
COFW
Assessment
$16,716.00
$1,757.00
$18,473.00
LBalanceund
$64,950.00
$133,968.001
$198,918.00
Totals
$2,293,462.00
$151,021.00
$2,444,483.00
Expenditure Adjustments:
Lines Items
Previously
Recommended
Amended
to be
Approved FY24
Mid -Year
FY24 Budget
Adjusted
Budget item
Adjustment
Item
Prior Year
Adjustment
$0.00
$101,072.00
$1Q1,072.00
Utilities
$283,915.00
($17,000.OD)�
$26fi,915.00
Landscaping
$1.067,329.00
$167,079.001$1,234,408.00
Common
Area
$155,000.00
$91,500.00
$246,500.00
Maintenance
City Admin
Fee
00 $45,869.
($1,299.00)
$44,570.00
Capital
improvements
$243,331.00
($190,331.00)
$53,000.00
Totals
$1,795,444.00E
$151,021.0011$1,946,465.00
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 $2,444,483.00. This mid -year budget
adjustment will decrease the unaudited, unassigned fund balance by a total of $133,968.00. The revised Budget and Five -Year Service Plan will
take effect upon approval by City Council. The City and FirstService will amend the existing management contract to reflect the mid -year
adjustments (City Secretary Contract No. 60311).
Funding is available for appropriation in the fund balance of the FWPID#7 - Heritage Fund. The beginning balance is $1,815,888.07, after this
M&C, available balance will be $1,681,920.07.
The Heritage PID is located in COUNCIL DISTRICTS 4 & 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.
Submittecifor City_Manager's Office b William Johnson 5806
OriainatinciBuslness_Unit Head: Robert Stums 2663
Additional nformation Contact: Lacey Ruiz 2608
Expedited