HomeMy WebLinkAboutOrdinance 27592-04-2025Ordinance No. 27592-04-2025
AN ORDINANCE REALLOCATING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 12- CHAPEL HILL FUND BY DECREASING APPROPRIATIONS IN
THE TRANSFERS & OTHER CATEGORIES IN THE AMOUNT OF $55,500.00,
AND INCREASING APPROPRIATIONS IN THE GENERAL OPERATING &
MAINTENANCE CATEGORY BY THE SAME AMOUNT, FOR THE PURPOSE
OF FUNDING MID -YEAR BUDGET ADJUSTMENTS; 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 2024-2025, as enacted by Ordinance 27107-09-
2024, as amended, is hereby further amended to make the following reallocations to the Fort Worth Public
Improvement District 12- Chapel Hill Fund by decreasing appropriations in the transfers & other categories in
the amount of $55,500.00, and increasing appropriations in the General operating & maintenance category
by the same amount, for the purpose of funding mid -year budget adjustments.
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 j urisdiction, such decision, opinion or j udgment 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 27107-09-2024, 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 confl icting 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said prior ordinances and appropriations are hereby expressly repealed.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:
G r CON-5-for,
Larry CoUisfer (Apr 30, 202515:20 CDT)
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 22, 2025
CITY SECRETARY
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Jannette S. Goodall
City Secretary
City of Fort Worth
Five Year Service Plan FY 24-25 - FY 27-28
Public Improvement District No.12 - Chapel Hill
MID YEAR ADJUSTMENT
FY24125
FY25126
FY26127
FY27128
FY28129
REVENUES
PIDAssessments
$
421,111
$
433,744
$
446,757
$
460,159
$
473,984
City Payment in Lieu -Assessments
$
1,035
Total Budgeted Revenues
$
422,146
$
433,744
$
446,757
$
460,159
$
473,964
Total Funds Available for Use
$
422,146
$
433,744
$
446,757
$
460,159
$
473,964
EXPENSES
Management Fee
$
15,072
$
15,373
$
15,681
$
15,995
$
16.314
Utilities
22,300
$
22,746
$
23,201
$
23,665
$
24.138
Security
50,000
$
51.500
$
53,045
$
64,636
$
56,276
Landscaping
149,936
$
86,635
$
88.367
$
90,135
$
91,937
Common Area Maintenance
82.000
$
83,640
$
85,313
$
87,019
$
88.759
Communications
8,000
$
8,180
$
8,323
$
8,490
$
8,659
AuditlAnnual Review
3,000
$
3,060
$
3,121
$
3,184
$
3,247
Capital Improvements
83,200
$
84,864
$
86.561
$
88,293
$
90,058
City Administrative Fee
8.422
$
8,590
$
8.762
$
8,937
9,479
Total Budgeted Expenses
$
421,930
$
364,569
$
372,375
$
380,353
$
388,869
Contribution to Fund Balance
216
69,176
74,382
79,806
85.095
Total Expenses
422,146
433,744
446,757
460,159
473,964
Net Change in Fund Balance
$
216
69,176
74,382
79,806
$
85,095
Beginning Fund Balance, Estimated (Yrs 2-5)
488,826
489,042
558,218
632,599
712,406
Estimated Fund Balance, End of Year
489,042
558,218
632,599
712,406
797,501
Reserve Requirement
60,774
60,774
62,075
63,405
64,825
Over (Under) Reserve
$
428,268
497,444
570,525
649,001
732,676
•FY2025 Assessment Rate = $.14
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/22/25 M&C FILE NUMBER: M&C 25-0372
LOG NAME: 17PID12 MIDYEAR FY25
SUBJECT
(CD 7) Adopt Ordinance Amending the FortWorth Public Improvement District 12 -- Chapel Hill Fiscal Year 2024-2025 Adopted Budget and Five -
Year Service Plan and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
Adopt the attached ordinance amending the Public Improvement District 12 -- Chapel Hill Fiscal Year 2024-2025 Budget and Five -Year
Service Plan to reflect amendments associated with a mid -year review and direct the City Secretary to record the same in the real property
records of Tarrant County, Texas no later than the seventh (7th) day after adoption by the City Council; and
Adopt the attached appropriation ordinance reallocating estimated receipts and appropriations in the Fort Worth Public Improvement District
12- Chapel Hill Fund by decreasing appropriations in the transfers & other categories in the amount of $55,500.00, and increasing
appropriations in the General operating & maintenance category by the same amount, for the purpose of funding mid -year budget
adjustments.
DISCUSSION:
The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts (PIDs). The City's PID Policy
outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs.
PID 12—Chapel Hill (or the Chapel Hill PID) is managed by FirstService Residential Texas PID, LLC (FirstService). 1
On September 17, 2024, City Council adopted Ordinance No. 27164-09 2024, approving the Fiscal Year (FY) 2024-2025 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year2024 Assessment Roll for the Chapel Hill PID. After conducting,a mid year review of the Chapel Hill
PID's budget, City staff and FirstService Residential Texas PID, LLC, have identified the need to reallocate funds in Chapel Hill PID's budget in the
amount of $55,500.00, for the purpose of mid -year budget adjustments. The primary factors contributing to expenditure adjustments include
increased spending on utilities, adding security as a line item to fund security patrols, and decreasing the amount contributed to the fund balance.
Revenue Adjustments:
Previously
Recommended
Amended
Line Item
Approved FY25
Mid Year
FY25 Budget
Budget Item
Adjustment
Item
PID
Assessments
$421,111.00
$0.00
$421,111.00
COFW
Assessment
$1,035.00
$0.00
$1,035.00
Totals
$422,146.00
$0.00
$422,146,00
Expenditure Adjustments:
Line Item
Previously
Approved
FY25
Budget
Item
Recommended
Mid -Year
Adjustment
Amended
FY25
Budget
Item
Management Fee
1 $15,072.00
$0.00
$15,072.00
Utilities
$16,800.0011
$5,500.00
$22,300.00
Security
so. oll
$50,000.00
$50,000.00
Landscaping
$149,936.00
$0.00
$149,936.00
Common Area Maintenance
$82,000.00
$0.00
$82.000.00
Communications
F—sudo-ooll
$0.00
$8,000.00
Audit/Annual Review
$3,000.0-011
$0.00
$3,OOD.00
Capital improvements =1
$83,200.00
$0.00
$83,200.00
City Administrative Fee
Contribution to Fund Balance
$8,422.001
$55,716A0
$0.00
($55,500.00)
$8,422.00
$216.00
Totals
$422,146A0
$0.00
$422,146A0
Upon approval of the above recommendation, the total budgeted expenses for FY 2024-2025 will be $422,146.00. The revised Budget and Five -
Year Service Plan will take effect upon approval by City Council. The City and FirstService will amend the existing management contract to
reflect the mid -year adjustment (City Secretary Contract No.62187).
The Chapel Hill PID is located in COUNCIL DISTRICT 7.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION 1 CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the ordinance, funds will be available in the
current operating budget, as appropriated, in the FWPID #12 - Chapel Hill 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 bv: .lesica McEachem 5804
Originating Business Unit Head: Kevin Gunn 2015
Additional Information Contact: Crystal Hinojosa 7808
Expedited