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Home My WebLink AboutOrdinance 20926-09-2013Ordinance No. 20926 -09 -2013 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE AMOUNT OF 52, 000.00, CONTINGENT UPON THE ADOPTION OF THE PROPOSED ORDINANCE LEVYING ASSESSMENTS, FOR THE PURPOSE OF ADMINISTRATIVE FEES FOR THE MANAGEMENT AND IMPROVEMENT SERVICES FOR THE FORT WORTH PUBLIC DISTRICT IMPROVEMENT DISTRICT 1.5 (SUN VALLEY) DURING FISCAL YEAR 2013 -2014; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PRO VIDING 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 Special Trust Fund in the amount of $2,000.00, contingent upon the adoption of the proposed ordinance levying assessments, for the purpose of administrative fees for the management and improvement services for the Fort Worth Public Improvement District 15 (Sun Valley) during Fiscal Year 2013 -2014. 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 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: 7 - Assistant Ci `Attorne -- Ivfretary tY y w_.` ADOPTED AND EFFECTIVE: September .10, 2013 City of Fort Worth Proposed FY 2013 -14 Budget & Five -Year Service Plan Public Improvement District No. 15 - Sun Valley Estimated Operating Reserve $ 7,985 $ 16,974 $ 15,915 $ 18,799 $ 13,053 Total Expenses $ 78,185 $ 89,240 $ 99,448 $ 100,039 $ 104,606 FY 2013/14 FY 2014 /15 FY 2015/16 FY 2016/17 FY 2017/18 REVENUES PIll Assessment $ 69,415 $ 81,256 $ 82,475 $ 84,124 $ 85,807 Prior Year Assessments $ 8,770 $ 7,985 $ 16,974 $ 15,915 $ 18,799 Total Revenue S 78,185 $ 89,240 $ 99,448 $ 100,039 $ 104,606 EXPENSES Security Patrol Services $ 54,300 $ 55,200 $ 56,200 $ 63,600 S 63,600 Security Patrol Services - Vehicle Fuel, R &M, & Insurance $ 7,000 $ 7,140 $ 7,283 $ 7,428 $ 7,577 Capital Improvements $ - $ - $ 10,000 $ - $ 10,000 Management Costs $ 5,900 $ 6,907 $ 7,010 $ 7,151 $ 7,294 Administrative Costs - Audit /Accounting $ 1,000 $ 1,020 $ 1,040 $ 1,061 $ 1,082 City Administrative Fee $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,000 Budgeted Expenses $ 70,200 $ 72,267 $ 83,534 $ 81,240 $ 91,553 Estimated Operating Reserve $ 7,985 $ 16,974 $ 15,915 $ 18,799 $ 13,053 Total Expenses $ 78,185 $ 89,240 $ 99,448 $ 100,039 $ 104,606 �y din ,x Ir r ' If n� " e City of Fort Worth, Texas �� Council Communication N�N�� 0 NL��NN ---- ------- --- — - - - DATE: Tuesday, September 1D.20l3 REFERENCE NO.: BH-307 LOG NAME: 17P|O15FY14PBH SUBJECT: Conduct m Public Benefit Hearing for Public Improvement Dimhiot15.SunVaUeyP|[).Conoenningthm Proposed 2013-2014 Budget in the Amount 0f$78.185.0O and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2013 Tax Year in the Amount of $69,415.00, Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special Assessment District Fund in the Amount of $69,415.00 and Special Trust Fund in the Amount of $2,000.00 for Fiscal Year 2013-2014 and Authorize Execution of an Agreement with ORASI Development, LLC, to Manage the District (COUNCIL DISTRICT 5) his recommended that the City Council: 1. Conduct o public benefit hearing concerning the proposed special assessments nn the property located iD Public Improvement District 15. Sun Valley P|D. for the 2O13 tax year; 2. Approve the attached 2013-2014 Fiscal Year budget and Five-Year Service Plan for the Sun Valley Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Sun Valley Public Improvement District subject h} assessment for the 2013 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 15 Fiscal Year 2O13-2O14 Project Acooun(0ftheSpeoio|AaaeomrnentUisthot Fund |n the amount ofS6S,415.0O from available funds; 5. Authorize m transfer in the amount of $2.00000 for administrative fees from the Special Assessment District Fund. Public Improvement District 15 Fiscal Year 2013-2014 Project Account to Uhm Special Trust Fund contingent upon the adoption of the proposed ordinance levying assessments; 8. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund in the amount of$2,00].O0 from available funds; and 7 Authorize the execution of an Agreement with C)RAS| Development, LLC. to provide management and improvement services for the Sun Valley Public Improvement District during Fiaom| Year 2O13-2O14 for the Sum in the amount of $5,900.00. C]n August 21.2812.(yN&CG-17O54) the City Council adopted Resolution No. 4120-O8'2O12establishing Fort Worth Public Improvement District 15 (Sun Valley PID). The purpose of this benefit hearing ioto receive comments from the public regarding the 2U13-2O14Fiscal Year budget ond Five-Year Service Plan for the P|D8nd the proposed assessments to be levied on each property in the P|[) for the 2013 tax year. Following the public hearing. it is recommended that the City Council approve the attached budget and Five-Year Service Plan of the P|D. adopt the attached ordinance levying the proposed oeoaaSnnentS and to adopt the attached appropriation ordinances oUoCahnQ estimated receipts to the Sun Valley PID's fund. On August 20, 2013. (M&C BH-299) the City Council conducted o public hearing to receive comments on the proposed Sun Valley P|[) and the 2013-2014 Fiscal Year budget and Five-Year Service Plan for the proposed P|D. Notice of this benefit hearing was published in the newspaper and nn8Ued to all rao0nj owners of property in the Sun Valley PID in accordance with state law. The improvements and aonvimas to be provided in the P|D during the 2013'2014 FlSma| Year and the costs thereof are as follows: The total budgeted costs of the improvements are in the amount of $78.185.00. Of this amount, $69,415.00 will be funded bv assessments collected on privately owned parcels located in the district by CERTIFICATION: levying special assessments at a rate of $0.27 to each $100.00 of property value. The Sun Valley PID is located in COUNCIL DISTRICT 5. FISCAL INFORMATION / The Financial Management Services Director certifies that upon approval of the above recommendations and adoption nf the Fiscal Year 2O13-2014budget by the City Council, funds will be available in the Fiscal Year 2014 operating budget, as appropriated, of the Special Assessment District Fund and the Special Trust Fund. CENTERS: FUND Total Improvements Budgeted costs Management Fee (Admin.) 5,900.00 ,Security Patrol Services (Wages, 'Taxes, $54,300.00 Worker's Compensation) '!Security Patrol Services (Vehicle Fuel, �Audit/Accounting 1,000.00 ',City Administrative Fee $ 2,000.00 lBudget Expenses $70,200.00 Estimated Operating Reserve $ 7,985.00 !Total Expenses $78,185.00 The total budgeted costs of the improvements are in the amount of $78.185.00. Of this amount, $69,415.00 will be funded bv assessments collected on privately owned parcels located in the district by CERTIFICATION: levying special assessments at a rate of $0.27 to each $100.00 of property value. The Sun Valley PID is located in COUNCIL DISTRICT 5. FISCAL INFORMATION / The Financial Management Services Director certifies that upon approval of the above recommendations and adoption nf the Fiscal Year 2O13-2014budget by the City Council, funds will be available in the Fiscal Year 2014 operating budget, as appropriated, of the Special Assessment District Fund and the Special Trust Fund. CENTERS: FUND TO Fund /Account/Centers 5) 6)) FE72 481306 017587001000 6)) FE72 511010 017587001000 4)) GS87 488342 002515012000 4)) GS87 539120 002515012000 CERTIFICATIONS: Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: FROM Fund/Account/Centers $2,000.00 5)) GS87 539120 002515012000 $2,000.00 7)) GS87 539120 002515012000 $69,415.00 $69,415.00 Fernando Costa (6122) Cynthia Garcia (8187) Ossana Hermosillo (6203) Robert Sturns (8003) $2,000.00 $5,900.00 Logname: 17PID15FY14PBH Page 3 of 3