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Home My WebLink AboutOrdinance 27169-09-2024Ordinance No. 27169-09-2024 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS BY INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 19 - HISTORIC CAMP BOWIE FUND IN THE AMOUNT OF $554,745.00, OF WHICH (1) $529,647.00 IS FROM AVAILABLE FUNDS AND (2) $25,098.00 IS FROM AVAILABLE UNRESERVED FUND BALANCE; 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 19 - Historic Camp Bowie Fund in the amount of $554,745.00, of which (1) $529,647.00 is from available funds and (2) $25,098.00 is from available unreserved fund balance. 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 ofcompetent 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Assistant City Attorney ADOPTED AND EFFECTIVE. September 17, 2024 CITY SECRETARY Jannette S. Goodall City Secretary City of Fort Worth Five Year Service Plan - FY 2025 - FY 2029 Public improvement District No. 19 -Historic Camp Bowie REVENUES PID Assessments COFW Payment in lieu of Services Budget Revenues Use of Fund Balance Total Revenues EXPENSES Management Fee Beautification Safety & Security Economic Development Marketing & Communications Audit City Adm inistrative Fee City Administrative Audit Total Budget Expenses Contribution to Fund Balance Total Expenses Net Change in Fund Balance Estimated Fund Balance, Beginning of Year Estimated Fund Balance, End of Year Reserve Requirement Over (Under) Reserve •FY2025 Assessment Rate = $.10 FY 24125 FY 25126 FY 26127 FY 27128 FY 28129 $ 490,760 $ 510,391 $ 530,806 $ 552,039 $574,120 38,887 38,887 39,665 39,665 40,458 $ 529,647 $ 549,278 $ 570,471 $ 591,703 $ 614,578 25,098 7,867 14,926 16.060 4,344 $ 554,745 $ 557,145 $ 585,397 $ 607,763 $ 618,923 $ 98,152 $ 98,152 $ 114,094 $ 118,341 $ 122,916 $ 208,000 $ 208,000 $ 208,000 $ 208,000 $ 208,000 $ 63,000 $ 63,000 $ 66,150 $ 72,765 $ 80,042 $ 78,000 $ 80,000 $ 84,000 $ 85,686 $ 74,255 $ 84,000 $ 84,000 $ 88,200 $ 97,020 $ 106,722 $ 10,000 $ 10,400 $ 10,816 $ 11,249 $ 11,699 $ 10,593 $ 10,593 $ 11,017 $ 11,457 $ 11,916 $ 3,000 $ 3,000 $ 3,120 $ 3,245 $ 3,375 $ 554,746 $ 557,145 $ 585,397 $ 607,763 $ 618,923 $ 554,746 $ 557,145 $ 585,3137 $ 607,763 $ 618,923 $ (25,098) $ (7,867) $ (14,926) $ (16,059) $ (4,344) 171,689 146,592 138,724 123,799 107,740 146,592 138,724 123,799 107,740 103,395 92,876 97,586 101,314 103,174 103,174 $ 53,716 $ 41,139 $ 22,485 $ 4,565 $ 221 Westworth viffage -------------- —` qO White� s Settlement 183 a C) > Westover 3� ; Hills , b o ---� ! CALMONT North Z Boaz Carrimunity r3 v Karns W Barney Z r- cc � z y 377 CAMP BOWIE WFS 80 Z ur ? A� h _r d c Z� Fs T LI WHITE SETTLEMENT monticeilo -a `1 o cc o� 7m = u Q o LANCA57ER CRESTLINE > tx I --Trinity Thomas O U place F- z Q " F- Botanic CAMPO Garden � O m a A LOVELL i'OSEOILE Lake DIA7 j �0\' Como = Ga�cj Forest LE a Fort 4v Worth l.og zoo s Cabin 0 cti. � Vflfaye Ed K. �pNtP Collett O �p5�oAlF G- HART$ PID 19: Historic Camp Bowie CCopyrlpht 2019 City of Fort Worm, UrnnsthoriTed reproduction lea vieiation of applicable laws. Th.s product Is for informational purposes and may not have been prepared for or be suitable for,epl, engineering, or surveying purposes. it does not represent an on-tho-Vwnd survey and represents FORT WORTH. only the apprpalrn.te relrtive location of property boundaries. The City of Fort Worth assumes no responsibility for the .-racy of raid data- 0 0.25 0.6 1 Miles Source Planning and Development N Date: duly 2020 City of Fort Worth, Texas Mayor and Council Communication DATE: 09/17/24 M&C FILE NUMBER: M&C 24-0777 LOG NAME: 17ED PID19FY25 SUBJECT (CD 3 and CD 7) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 19 - Historic Camp Bowie, 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 for Commercial Property; Authorize Execution of an Agreement with Camp Bowie District, Inc., in the Amount of $98,152.00 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 19 - Historic Camp Bowie for the 2024 tax year; 2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2024-2025 budget in the amount of $554.745.00, five-year service plan, assessment plan, and tax year 2024 assessment roll (on file with the City Secretary) for the Camp Bowie Public Improvement District; and (2) levying special assessments on the commercial property located in the Camp Bowie Public Improvement District for the 2024 tax year at the 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 Camp Bowie District, Inc., in the amount of $98,152.00 to provide management of the improvements and services for the Camp Bowie Public Improvement District during Fiscal Year2024-2025; and 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 19 - Historic Camp Bowie Fund in the amount of $554,745.00, of which (1) $529,647.00 is from available funds and (2) $25,098.00 is from available unreserved fund balance. DISCUSSION: On August 14, 2018, the City Council adopted Resolution No. 4966-08-2018, establishing the Fort Worth Public Improvement District 19 - Historic Camp Bowie (Camp Bowie 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 Camp Bowie PID and the proposed assessments to be levied on each property in the Camp Bowie 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 Camp Bowie PID during the Fiscal Year 2024-2025 and the costs thereof are as follows: Fiscal Year 2025 Budget Improvements Total Budgeted Cost Management Fee $98,152.00 Beautification $208,000.00 Safety & Security $63,000.00 Economic Development $78,000.00 Marketing & Communications $84,000.00 Audit $10,000.00 City Administrative Audit $3,000.00 City Administrative Fee $10,593.00 Total Expenses $554,745.OQ The total budgeted costs of the improvements and services are in the amount of $554,745.00. Of this amount, $490, 760.00, will be funded by assessments collected on privately owned parcels located in the Camp Bowie PID by applying a rate of $0.10 per each $i 00.00 of property value for commercial property. The remainder of the costs in the amount of $63,985.00 wilt be funded by other revenue sources including: (a) $38,887.00 in direct payments from the City for Payment In -Lieu of Services, and (b) $25,098.00 transferred from the unaudited, unasSi red g fund balance. On August 27, 2024, the City Council conducted a public hearing to receive comments on the proposed 2024-2025 Fiscal Year budget, five-year service plan, and 2024 assessments for the Camp Bowie 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 Camp Bowie PID on August 9, 2024, in accordance with state law. Funding will be budgeted within the FWPiD #19 — Hist Camp Bowie Fund for Fiscal Year 2025. The Camp Bowie PID is located in COUNCIL DISTRICTS 3 & 7. FISCAL INFORMATION ! CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2024-2025 Budget by the City Council, funds will be available in the Fiscal Year2025 operating budget, as appropriated, in the FWPID #19 -!-list Camp Bowie Fund. Prior to any expenditure being incurred, the Economic Development Department has the responsibility to validate the availability of funds. Sub itted for Cily Mana eft Office by-: William Johnson 5B06 Originating_Bgginess Unit Head: Robert Stums 2663 Additional Information Contact: Lacey Ruiz 2608