HomeMy WebLinkAboutOrdinance 27165-09-2024Ordinance No. 27165-09-2024
AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND
APPROPRIATIONS BY INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 14 - TRINITY BLUFF FUND IN THE AMOUNT OF
$123,779.00 FROM AVAILABLE FUNDS; 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.
That the budget of the City of Fort Worth for Fiscal Year 2023-2024, as enacted by Ordinance 26453-09-
2023, as amended, is hereby further amended to make the foIIowing adjustments to estimated receipts and
appropriations by increasing estimated receipts and appropriations in the Fort Worth Public Improvement
District 14 - Trinity Bluff Fund in the amount of $123,779.00 from available funds.
SECTION 2.
That 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 said remaining provisions shall
be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance 26453-09-2023 and 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said prior ordinances and appropriations are hereby expressly repealed.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 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 17, 2024
Jannette S. Goodall
City Secretary
City of Fort Worth
FORT WORTH Five Year Service Plan FY 2025-26 - FY 2028-29 ,
Public Improvement District No. 14 - Fort Worth
FIVE. YEAR SERVICE PLAN
FY24125 FY25126 FY26127 FY27128 FY28129
REVENUES
PID Assessments $123,738 $126,213 $128,737 $131,312 $133,938
COFW Assessment 41 41 41 41 41
Budget Revenues $123,779 $126,254 $128,778 $131,363 $133,979
Use of Fund Balance
Total Revenues $123,779 $126,254 $128,778 $131,353 $133,979
EXPENSES
Management Fee 16,000 18,000 19,000 20,000 21,000
Tree LightslUtilities 2,500 3,000 3,184 3,247 3,247
Landscaping 30,000 32,252 32,875 33,555 33,555
Litter Abatement 3,600 3,600 3,600 3,600 3,600
Beautification 27,000 27,000 25,000 25,000 25,000
Ambassador Program 24,629 30,000 30,000 30,000 30,000
Marketing 2,500 5,000 5,000 5,000 5,000
City Audit 3,000 3,000 3,000 3,000 3,000
City Administrative Fee 2,476 2,525 2,576 2,627 2,680
Budget Expenses 111,705 124,377 124,234 126,029 127,082
Contribution to Fund Balance 12,074 1,877 4,544 5,324 6,897
Total Expenses $123,779 $126,254 $128,778 $131,353 $133,979
Net Change in Fund Balance
12,074
1,877
4,544
5,324
6,897
Estimated Fund Balance, Beginning of Year
8,659
20,734
22,610
21,009
21,009
Lstimated Fund Balance, End of Year
20,734
22,610
27,154
26,333
27,906
Reserve Requirement
20,734
20,710
21,009
21,009
21,184
Over (Under) Reserve
0
1,901
6,145
5,324
6,722
*FY2025 Assessment Rate = $.10
FoRTWoRTH, Trinity Bluff Public Improvement District
COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZEU KEV1KULJUU 1 "111 10 r% V 1u-- . -- - • ••
PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL,
ENGINEERING,LYTHRELATIVE OR SURVEYING LOCATION OF PROPERTY BOUNDARIES.OSES,IT DOES NOT REPRESENT AN
THE -GROUND SURVEY THE CITY OF FORT WORTH ASSUMES PRESENTS
ONLY THE APPROXIMATE
NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA.
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/17/24 M&C FILE NUMBER: M&C 24-0775
LOG NAME: 17ED PID14FY25
SUBJECT
(CD 9) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 14 - Trinity Bluff; Adopt the Ordinance (1) Approving and
Adopting the Fiscal Year 2024-2025 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2024 Assessment Roll, and (2) Levying
Special Assessments for the 2024 Tax Year at a Rate of $0.10 Per Each $100.00 of Property Value; Authorize Execution of Agreement with
Downtown Fort Worth, Inc., in the Amount of $16,000.00 to Manage the Public Improvement District; and Adopt Appropriation Ordinance
(PUBLIC HEARING - a. Report of City Staff. Lacey Ruiz; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Fort Worth Public Improvement
District 14 - Trinity Bluff for the 2024 tax year,
2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2024-2025 budget in the amount of $123,779.00, five-year service
plan, assessment plan, and tax year 2024 assessment roll (on file with the City Secretary) for the Trinity Bluff Public Improvement District; and
(2) levying special assessments on privately -owned property located in the Trinity Bluff Public Improvement District for the 2024 tax year at a
rate of $0.10 per each $100.00 of property value (Service Assessment Plan and Assessment Ordinance);
3. Direct the City Secretary to record a copy of the Service Assessment Plan and Assessment Ordinance in the real property records of Tarrant
County, Texas no later than the seventh (7th) day after adoption by the City Council;
4. Authorize the execution of an agreement with Downtown Fort Worth, Inc., in the amount of $16,000.00 to provide management of the
improvements and services for the Trinity Bluff Public Improvement District during Fiscal Year 2024-2025; and
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
14 - Trinity Bluff Fund in the amount of $123,779.00 from available funds.
DISCUSSION:
On June 16, 2009, the Mayor and City Council adopted Resolution No. 3748-06-2009 establishing the Fort Worth Public Improvement District 14 -
Trinity Bluff (Trinity Bluff PID).
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2024-2025 budget and five-year service plan
for the Trinity Bluff PID and the proposed assessments to be levied on each property in the Trinity Bluff PID for the 2024 tax year. Following the
public hearing, it is recommended that the City Council take the following actions: adopt the attached ordinances (1) approving and adopting the
budget, five-year service plan, assessment plan, and assessment roll; (2) levying the proposed assessments; and (3) appropriating funds.
The improvements and services to be provided in the Trinity Bluff PID and the costs thereof are as follows:
Fiscal Year 2025 Budget
Improvements
Total Budgeted Cost
Management Fee
$16,000.00
Tree Lights/ Utilities
$2,500.00
Landscaping
$30,000.00
Litter Abatement
$3,600.00
Beautification
$27,000.00
Ambassador Program
$24,629.00
Marketing
$2,500,00
City Audit
$3,000.00
City Administrative Fee
$2,476.00
Contribution to Fund Balance
$12,074.00
Total Expenses
$123,779.00
The total budgeted costs of the improvements and services are in the amount of $123,779.00. Of this amount $123,738.00 will be funded by
assessments collected on privately owned parcels located in the Trinity Bluff PID by applying a rate of $0.10 per each $100.00 of property value.
The remainder of the costs in the amount of $41.00 will be funded by other revenue sources including direct payments from the City for Payment In-
Lieu of Assessments, which are calculated at the same rate as privately -owned parcels. The assessment rate is the same as last year.
On August 27, 2024, the City Council conducted a public hearing to receive comments on the proposed Fiscal Year2024-2026 budget, five-year
service plan, and assessments for the Trinity Bluff PID. Notice of the August 27, 2024 benefit hearing and this hearing were published in the Fort
Worth Star -Telegram and mailed to all owners of property on record in the Trinity Bluff PID on August 16, 2024, in accordance with state law.
Funding will be budgeted within the FWPID #14 - Trinity Bluff Fund for Fiscal Year 2025.
The Trinity Bluff P]D is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION 1 CERTIFICATION:
The Director of Finance certifies that, upon approval of the above recommendations and the adoption of the Fiscal Year 2025 Budget by the City
Council, funds will be available in the Fiscal Year 2025 operating budget, as appropriated, in the FWPID #14 - Trinity Bluff Fund. Prior to any
expenditure being incurred, the Economic Development Department has the responsibility to validate the availability of funds.
Submitted for Cily ManuLers-Offigg b : William Johnson 5806
Originating_ Business Unit Head: Robert Sturns 2663
Additional Information Contact: Lacey Ruiz 2608