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HomeMy WebLinkAboutOrdinance 20910-09-2013 Ordinance No. 20910-09-2013 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 7 FISCAL YEAR 2013-2014 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $1,554,273.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2013 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE HERITAGE PID DURING FISCAL YEAR 2013-2014; 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 in addition to those amounts allocated to the various City departments for Fiscal Year 2013-2014 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Public Improvement District 7 Fiscal Year 2013-2014 Project Account of the Special Assessment District Fund in the amount of$1,554,273.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2013 Tax Year, for the purpose of providing management and improvement services for the Heritage PID during Fiscal Year 2013-2014. SECTION 2. That should any portion, section or pail 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 incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2013, and ending September 30, 2014, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: All Assistant Cit Assistant Ci Attorney� J. Kays S etary ADOPTED AND EFFECTIVE: September 10,2013 City of Fort Worth Proposed Five Year Service Plan Public Improvement Distrct No.7-Heritage FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 REVENUES Budget Budget Budget Budget Budget PID Assessments 1,380,911 1,405,417 1,414,854 1,414,864 1,414,874 City Payment In-Lieu of Services 173,362 173,362 173,362 173,362 173,362 Prior Years'Assessments 380,227 400,000 419,509 432,277 442,246 Builder Initiation Fee 7,000 5,000 3,000 0 0 Total Revenues $1,941,500 $1,983,779 $2,010,725 $2,020,503 $2,030,482 EXPENSES Management Fee 168,507 170,665 172,889 175,180 175,534 Water 242,000 244,000 246,000 248,000 250,000 Utilities 26,000 27,685 28,500 29,500 27,934 Landscape/Tree Maintenance 732,349 738,349 737,299 742,000 749,000 Fence Maintenance 65,000 65,000 65,000 60,000 55,000 Common Area Maintenance 42,463 45,000 49,000 45,000 46,000 Holiday Lighting 25,000 30,000 31,000 32,000 33,000 Security Enhancements 65,000 65,000 65,000 65,000 65,000 Public Events 61,800 65,000 65,000 67,817 68,000 Capital Improvements 75,000 75,000 80,000 75,000 70,000 Insurance 8,763 8,463 8,463 8,463 8,463 Annual Review 2,000 2,000 2,000 2,000 2,000 City Administration Fee 27,618 28,108 28,297 28,297 28,297 Budget Expenses $1,541,500 $1,564,270 $1,578,448 $1,578,257 $1,578,228 Estimated Operating Reserve $400,000 $419,509 $432,277 $442,246 $452,254 Total Expenses $1,941,500 $1,983,779 $2,010,725 $2,020,503 $2,030,482 INi'- .,Y�ly� >J �i 1 r„� i� r; ��/ //i ,r �°�%rr//%�� ➢,�'4� oa01ri1✓Y; AI lrrnr rffl ��//�/, ✓r �YUIY�IwNIN ��� YfS� � /✓!°'ri ��� ° 6 "t Illy n9 r �// l" atl ;y 'rte� �r1Nx r re 6 r r/ /, r/ ati d� r�"��,.�r✓ ,,.,,ry; � ,,,,N� % . „7, v /X ,� ""1>Iri(v ? d e „q i P«'�>�l J, ✓��1 r !Nj',. 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OWP'NUm NCWI'!N'Mwu OWiW nm F4A !M!tVA 1'm.+.M "�,w�wl lOiNlltlMflMOrtuo oo NN0o 0WO NA'UNnaMxNwu!mmvWebiM N01pN COUN'I ACTI 1W APproved on 9/10/2013 Ordinance N t «,2C19a9�tI9 2013 ;2t t1 p9 „; ,! 203, 2191 =dI 2! IJ vawnimua%;wmw!memmowiumpuawmmmamwiwmurvrvioumiwmmmuimommwwnrwruwnmmuwurmrxrwrmoxnmaMO xm.no no.�reun aama momu-swuaww! ,waiwemmacrmumommm muereuawruwwwrauowMowwamsaw um auunm uuou immm umwasmxwnvusxwm�arwwmmw.noouww mroawtimm!moauuiwwww.,www,wsmmrc„mmrnown oo wou wwmwwmmmmwwoowumuww:wu DATE: Tuesday, September 10, 2013 REFERENCE NO.: BH-302 LOG NAME: 17PID7FY14PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage PID, Concerning the Proposed 2013-2014 Budget in the Amount of$1,941,500.00 and Five-Year Service Plan and Proposed Assessment Roll, Authorize Transfer in the Amount of$173,362.00 from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu of Services, Adopt Ordinance Levying Special Assessments for the 2013 Tax Year in the Amount of$1,380,911.00, Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special Assessment District Fund in the Amount of$1,554,273.00 and Special Trust Fund in the Amount of$27,618.00 for Fiscal Year 2013-2014 and Authorize Execution of an Agreement with FirstService Residential to Manage the District (COUNCIL DISTRICTS 4 and 7) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 7, Heritage PID for the 2013 tax year; 2. Approve the attached 2013-2014 Fiscal Year budget and Five-Year Service Plan for the Heritage PID; 3. Adopt the attached ordinance levying special assessment on the property in the Heritage PID subject to assessment in the 2013 tax year; 4. Authorize a transfer in the amount of $173,362.00 from the General Fund to the Special Assessment District Fund, Public Improvement District 7 Fiscal Year 2013-2014 Project Account for the City's payment in-lieu of services; 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 7 Fiscal Year 2013-2014 Project Account of the Special Assessment District Fund in the amount of$1,554,273.00 from available funds; 6. Authorize a transfer in the amount of $27,618.00 for administrative fees from the Special Assessment District Fund, Public Improvement District 7 Fiscal Year 2013-2014 Project Account to the Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments; 7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund in the amount of$27,618.00 from available funds; and 8. Authorize the execution of an Agreement with FirstService Residential to provide management and improvement services for the Heritage PID during Fiscal Year 2013-2014 for the sum in the amount of $168,507.00. Logname: I7PID7FY14PBH Page I of 3 On September 2O. 2OOO, (M&C G-13021) the City Council adopted Resolution No. 2075establishing Fort Worth Public Improvement District No. 7 (Heritage P|O), The purpose of this benefit hearing is to receive comments from the public regarding the 2013-2014 Fiscal Year budget and Five-Year Service Plan for the P|OGnd the proposed assessments to be levied on each property in the P|D for the 2013 tax year. Fn||VxvinQ the public hearing, it is recommended that the City Council approve the attached budget and Five-Year Service Plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated receipts hothe Heritage P|D'ufund. C)n August 2O, 2013' (K8&C BH-294) the City Council conducted m public hearing to receive comments on the proposed 2U13-2O14 Fiscal Year budget and Five-Year Service Plan for the P\D. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Heritage PID in accordance with state law. The improvements and services tobe provided in the P|D during the 2013-2O14 Fiscal Year and the costs thereof are as follows: Total Budgeted Improvements I Costs $ 242,000.00 *ate r 'Utilities 26,000.00 land scape/Tree 1 732,349.00 IFence Maintenance 65,000.00' 'Common Area ,Holiday Lighting �Security Enhancement $ 65,000.00 61 80000 �Public Events rn rove iinsurance 8,763.001 jAnnual Review (Audit) 2,000.00i $ 27,385.001 jBudget Expenses 54"1,500.00 Estimated Operating Reserve 400,000.00 Total Expenses $1,9 1 41 500 11 0.01 The total budgeted costs of the improvements are in the amount of $1.841.500.00. Of this onnoun(. $1,380,911.00 will be funded by assessments collected on privately owned parcels |nomied in the district by applying o rate of $0.21 cents per each $100-00 of property value for residential property and $0.11 cents per each $1OO.O0o[ property value for commercial property. Lugumne: \7PII)7FY}4PBR Page 2of3 The remainder of the costs in the amount of $560,589.00 will be funded by other revenue sources: the amount of $173,362.00 from the City for payment in lieu of services, the amount of $7,000.00 from the District's Builder Assessment of $200.00 per lot and the amount of $380,227.00 from prior year's assessments. The Heritage PID is located in COUNCIL DISTRICTS 4 and 7. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2013-2014 budget by the City Council, funds will be available in the Fiscal Year 2014 Operating Budgets, as appropriated, of the Special Assessment District Fund, Special Trust Fund and General Fund. ......... FUND CENTERS: TO Fund/Account/Centers FROM Fund/AccountlCenters 6)7) FE72 481306 017587001000 $27,618.00 6)GS87 539120 002507002000 $27,618.00 7) FE72 511010 017587001000 $273,618.00 8)GS87 539120 002507002000 $168,507.00 4)5)GS87 488010 002507002000 $173,362.00 4)GG01 539120 0808021 $173,362.00 5)GS87 488342 002507002000 $1,380,911.00 5)GS87 539120 002507002000 $1,554,273.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Cynthia Garcia (8187) Ossana Hermosillo (6203) Additional Information Contact: Robert Sturns (8003) Logname: 17PID7FYI4PBH Page 3 of 3