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HomeMy WebLinkAboutOrdinance 27166-09-2024ORDINANCE NO.27166-09-2024 AN ORDINANCE APPROVING AND ADOPTING THE FISCAL YEAR 2024-2025 BUDGET, FIVE-YEAR SERVICE PLAN, ASSESSMENT PLAN, AND TAX YEAR 2024 ASSESSMENT ROLL (TO BE KEPT ON FILE WITH THE CITY SECRETARY) FOR PUBLIC IMPROVEMENT DISTRICT NO. 14 — TRINITY BLUFF; LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS AND SERVICES PROVIDED IN FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 14 — TRINITY BLUFF DURING FISCAL YEAR 2024-2025; SETTING CHARGES AND LIENS AGAINST PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF SUCH ASSESSMENTS; RESERVING UNTO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUNT OF THE RESPECTIVE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED; 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 June 16, 2009, the City Council of the City of Fort Worth ("City Council") authorized the establishment of Public Improvement District No. 14 — Trinity Bluff ("District"), as a public improvement district in accordance with the Act and Resolution No. 3748-06-2009, a map of which is attached hereto as Exhibit A and incorporated herein for all purposes; WHEREAS, Section 372.013 of the Act, as recently amended by the 870' Texas Legislature through House Bill No. 1543 (effective September 1, 2021), requires the City Council to annually review and adopt an ordinance approving the Service Plan ("Service Plan") for the District; WHEREAS, Sections 372.013 and 372.014 of the Act require the annual Service Plan to (i) cover a period of at least five years; (ii) define the annual indebtedness and the projected costs for improvements; (iii) include an Assessment Plan ("Assessment Plan"); and (iv) include a copy of the notice form required by Section 5.014 of the Texas Property Code (the Service Plan and Assessment Plan are collectively referred to herein as the "Service and Assessment Plan"); WHEREAS, the City Council must review the proposed fiscal year 2024-2025 Service Plan and hold a public hearing to receive comments and pass on any objections to the 2024 Assessment Plan raised by any owner of property located within the District and, at the conclusion of the hearing, levy an assessment for the purpose of providing supplemental services and improvements for the District; WHEREAS, the Service and Assessment Plan is attached hereto as Exhibit B and incorporated herein for all purposes; WHEREAS, the City Council desires to approve and adopt the 2024 Assessment Roll that was filed with the City Secretary and subject to public inspection in the City's official records prior to the public hearing ("Assessment Roll"); WHEREAS, the Service and Assessment Plan and Assessment Roll were previously presented in a public hearing conducted by the City Council on August 27, 2024 (M&C 24-0719); WHEREAS, the Service and Assessment Plan and Assessment Roll were once again presented to the City Council in a public hearing conducted on the 171 day of September, 2024, at 6:00 p.m. in the Council Ordinance No. 27166-09-2024 Page 1 of 9 Chamber in the City Hall in the City of Fort Worth, Texas ("Public Hearing"), notice of which was published and mailed to all record owners of property in the District, and at such hearing all desiring to be heard were given a full and fair opportunity to be heard; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: ' SECTION 1. The City Council closed the Public Hearing and any and all protests and objections, whether herein enumerated or not, are hereby overruled. 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 Service and Assessment Plan and Assessment Roll (to be kept on file with the City Secretary). 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. The City Council, from all evidence before it, including all information provided to it and considered in the Public Hearing, finds that the assessments herein described should be made and levied against the respective parcels of privately -owned property in the District and against the owners of such property. Such assessments and charges are right, proper, and substantially in proportion to the benefits of the respective parcels of property by means of the improvements and services in the District for which such assessments are levied and establish substantial justice, equality, and uniformity between all parties concerned, considering the benefits received and burdens imposed. The City Council further finds that in each case the property assessed is specially benefited in enhanced value to the said property by means of the Improvements in the District and for which assessment is levied and charge made, and further finds that the apportionment of the cost of the Improvements is in accordance with applicable law. The City Council, from the evidence, further finds that the values of the respective parcels of property on January 1, 2024, are true and correct reflections of the information contained in the records of the relevant appraisal district. , SECTION 4. There is hereby levied and assessed against the parcels of privately -owned property in the District, and against the real and true owners thereof (whether such owners be correctly named herein or not), the sums of money itemized per parcel of property, and the owners thereof, as far as such owners are known, at the following rate and method of payment: $0.10 per each $100 of value for property subj ect to assessment. This Ordinance will not be construed so as to levy any assessment against City -owned property in the District. SECTION 5. Where more than one person or entity owns an interest in any property described herein, each such person or entity will be personally liable only for its, his, or her pro rata share of the total assessment against such property in proportion to its, his, or her respective interest to the total ownership of such property, and its, his, or her respective interest in such property may be released from the assessment lien upon payment of a proportionate sum. Ordinance No. 27166-04-2024 Page 1 of 9 SECTION 6. The several sums above mentioned and assessed against the said parcels of property, and owners thereof, and penalty and interest thereon at the rate prescribed by Chapter 372, Texas Local Government Code ("Public Improvement District Assessment Act"), together with reasonable attorney's fees and cost of collection, if incurred, are hereby declared to be and are made a lien upon the respective parcels of privately -owned property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be correctly named herein or not, and such liens shall be and constitute the first enforceable lien and claim against the property on which such assessments are levied, and will be a first and paramount lien thereon, superior to all other liens and claims, except state, county, school district and city ad valorem taxes. A copy of this ordinance will be filed with the County Clerk of Tarrant County, Texas, and when so filed constitutes complete and adequate legal notice to the public concerning the liens hereby assessed against the respective parcels of property and the owners thereof. The sums so assessed against the respective parcels of property and the owners thereof become due and payable on or before January 31, 2025, and become delinquent if not paid by February 1, 2025. The entire amount assessed against each parcel of property bears penalty and interest, from and after February 1, 2025 at the same rate as prescribed by law for any delinquent ad valorem tax until paid. SECTION 7. If default is made in the payment of any assessments, collection thereof will be enforced by suit in any court of competent jurisdiction, and said City may exercise all of its lawful powers to aid in the enforcement and collection of said assessments. SECTION S. The total amount assessed against the respective parcels of property, and the owners thereof, is in accordance with the proceedings of the City hereto and is less than the proportion of the cost allowed and permitted by applicable law. SECTION 9. Although the aforementioned charges have been fixed, levied, and assessed in the respective amounts herein stated, the City Council hereby reserves the right to reduce the aforementioned assessments by allowing credits to certain property owners where deemed appropriate and provided that any such allowance does not result in any inequity or unjust discrimination. SECTION 10. Full power to make and levy reassessments and to correct mistakes, errors, invaliditics or irregularities in the assessments are, in accordance with the law in force in this City, vested in the City. SECTION 11. In any suit upon any assessment or reassessment, it will be sufficient to allege the substance of the provision recited in this ordinance and that such recitals are in fact true, and further allegations with reference to the proceedings relating to such assessment and reassessment shall not be necessary. Ordinance No. 27166-09-2024 Page 3 of SECTION 12. 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 13. 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 14. 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 (7ffi) day after the adopted date of this Ordinance. SECTION 15. This Ordinance takes effect and will be in full force and effect from and after the date of its passage. GPI W&MfZ13-11171 ►i" APPROVED AS TO FORM AND LEGALITY: Taylor Paris, Assistant City Attorney M&C: 24-0775 Adopted and Effective: September 17, 2024 ATTEST: Jannette S. Goodall, City Secretary Ordinance No. 27166-09-2024 Page a of 9 EXHIBIT A MAP OF THE DISTRICT FoxTWoRN Trinity Bluff Public Improvement District COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL. PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL, ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON -THE -GROUND SURVEY AND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. Ordinance No. 27166-09-2024 Page 5 of 9 EXHIBIT B SERVICE AND ASSESSMENT PLAN SERVICE PLAN 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 FY24I25 FY25126 FY26;27 FY27128 FY28129 REVENUES PID Assessments $123,738 S126,213 S`23.737 S1'}13'2 b133.938 COFW Assessment 41 41 41 4 1 - i Budget Revenues $123,779 $126,254 $128,778 5131.353 $133.979 Use of Fund Balance Total Revenues S123,779 $126,254 $128,778 S131,353 $133,979 EXPENSES Management Fee 16,000 18.000 19,0110 20,000 21,000 Tree LlghtsMiffies 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 30,01)0 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 111,706 124,377 124,234 126,029 127,082 Contribution to Fund Balance 12,074 1,877 4,544 5.324 F R, i Total Expenses S123,779 $126,254 $129,778 $131.353 $133,919 Net Change in Fund Balance 12,074 1,877 4,544 5.324 6.897 Estimated Fund Balance. Beginn ng o1 Year 8,659 20,73.4 22.610 21,009 21,009 Estimated Fund Balance, End of Year 20.734 22,610 27,154 26.333 27,90� 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 = 5.10 Ordinance No.27166-09-2024 Page 6 of 9 Fiscal Year 2024-2025 Budget The total budgeted costs of the improvements and services for the District for fiscal year 2024-2025 are $123,779 .00. Of this amount, $123,738.00 will be funded by assessments collected on privately -owned parcels located in the District. The remainder of the costs wiII be funded by other revenue sources, including: $41.00 in direct payment from the City for Payment In -Lieu of Assessments. Ordinance No. 27166-09-2024 Page ' of 9 ASSESSMENT PLAN The cost of each improvement and service provided during a fiscal year will be assessed against real property within the District benefitting from such improvement or service based on the value of such property, including the value of structures and other improvements on the property as determined by the applicable appraisal district. No annual assessment during the term of the District will exceed $.14 per $100 of appraised value of real property and improvements, unless otherwise approved by law. The City will Ievy and assess against the parcels of privateIy-owned property in the District, and against the real and true owners thereof, the sums of money itemized per parcel of property, and the owners thereof, as far as such owners are known, at the foIIowing rate and method of payment: $0.10 per each $100 of value for property subject to assessment. The current names and addresses of the properties that are subject to assessment, along with the ordinance levying such assessments, are on file with the City Secretary of the City of Fort Worth. Ordinance No. 27166-09-2024 Page 8 of 9 NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO THE CITY OF FORT WORTH, TEXAS CONCERNING THE FOLLOWING PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to the City of Fort Worth, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within Fort Worth Public Improvement District No. 14 — Trinity Bluff (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City Secretary of the City of Fort Worth, Texas. The exact amount of each annual installment will be approved each year by the City Council of the City of Fort Worth, Texas, in the annual service plan update for the District. More information about the assessments, including the amounts and due dates, may be obtained from the City Secretary of the City" of Fort Worth, Texas. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser Ordinance No. 27166-09-2024 Page 9 of 9 City of Fort Worth, Texas Mayor and Council Communication DATE: 09/17/24 M&C FILE NUMBER: M&C 24-0775 LOG NAME: 17ED P1D14FY25 SUBJECT (CD 9) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 14 - Trinity Bluff; Adopt the Ordinance (1) Approving and Adopfing 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; G. 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 properly 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 Year 2024-2025 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 PID is located in COUNCIL DISTRICT 9. FISCAL. INFORMATION l 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. Priorto any expenditure being incurred, the Economic Development Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office b3 William Johnson 5806 Originating Business Unit Head: Robert Stums 2663 Additional Information Contact: Lacey Ruiz 2608