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Home My WebLink AboutOrdinance 27167-09-2024Ordinance No. 27167-09-2024 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS BY INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 15 - SUN VALLEY FUND IN THE AMOUNT OF $167,515.00 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 following adjustments to estimated receipts and appropriations by increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 15 - Sun Valley Fund in the amount of $167,515.00 from available funds. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. That this ordinance shall be cumulative of Ordinance 26453-09-2023 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. F-11W_9-MiXA0111 1 aC1J7�� I:��17=fi a _rlu`A Assistant City Attorney ADOPTED AND EFFECTIVE: September 17, 2024 {J Jannette S. Goodall City Secretary Foe_ 'r�ttm Sun Valley Public Improvement District _ a _7 'f _ 1 r_ - E 1 - •r 77%'. 7, ID) ID SuRICI<L.ANU DAVID STRICKLAND 2 8 7 -ILASTER` SUN VALLEY WII.OW r a� - KALTENBRUN rn r. �7a�jTl�rdi'y -' '�T�'1z � 0LIS.%Yy T. Uj- ,a a ►Men Uj MOSSON o..: ..Uj e —}NSF " r:, � _ . -�, NSF/ � • � � irk r a 1 A 9 _ REDWO.OD ,�`.. LITTI'E AME s �°o OR(, tE rT` =irTL LEGEND "$ PID 15 - SUN VALLEY # 0.075 0.15 0.3 Miles ' Pre aced on: Au ust 19. 2014 } Y, N 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 REPRESENT AN 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. City of Fort Worth, Texas Mayor and Council Communication DATE: 09/17/24 M&C FILE NUMBER: M&C 24-0776 LOG NAME: 17ED PID15FY25 SUBJECT (CD 11) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 15 - Sun Valley; 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 $0.24 Per Each $100.00 of Property Value; Authorize Execution of Agreement with CP2 Consultants, LLC in the Amount of $29,757.00 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 15 - Sun Valley for the 2024 tax year; 2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2024-2025 budget in the amount of $167,515.00, five-year service plan, assessment plan, and tax year 2024 assessment roll (on file with the City Secretary) for the Sun Valley Public Improvement District; and (2) levying special assessments on privately -owned property located in the Sun Valley Public Improvement District for the 2024 tax year at the rate of $0.24 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 CP2 Consultants, LLC, in the amount of $29,757.00 to provide management of the improvements and services forthe Sun Valley 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 15 - Sun Valley Fund in the amount of $167,515.00 from available funds. DISCUSSION:/ On August 21, 2012, the City Council adopted Resolution No. 4120-08-2012 establishing Fort Worth Public Improvement District 15 - Sun Valley (Sun Valley 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 Sun Valley PID and the proposed assessments to be levied on each property in the Sun Valley 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 Sun Valley PID and the costs thereof are as follows: Fiscal Year 2025 Budget Improvements Total Budgeted Cost Management Fee $29,757.00 Safety & Security $119,572.00 Infrastructure Study $9,330.00 Communications $2.506.00 City Audit $3,000.00 City Administrative Fee $3,350.00 Total Expenses $167,515.00 The total budgeted costs of the improvements and services are in the amount of $167,515.00. Of this amount, $167,346.00 will be funded by assessments collected on privately owned parcels located in the Sun Valley PID by applying a rate of $0.24 per each $100.00 of property value. The remainder of the costs in the amount of $169.00 will be funded by direct payment 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 2024 assessments for the Sun Valley 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 Sun Valley PID on August 16, 2024, in accordance with state law. Funding will be budgeted within the FWPID #15 -Sun Valley Fund for Fiscal Year 2025. _ The Sun Valley PID is located in COUNCIL DISTRICT 11. FISCAL INFORMATION / CERTIFI_CATION: 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 #15 -Sun Valley 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--W. William Johnson 5806 Originating Business Unit Head:, Robert Stums 2663 Additional Information Contact: Lacey Ruiz 2608