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Home My WebLink AboutOrdinance 27595-04-2025ORDINANCE NO.27595-04-2025 AN ORDINANCE AMENDING THE FISCAL YEAR 2024-2025 BUDGET AND FIVE- YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 19 — HISTORIC CAMP BOWIE; MAKING THIS ORDINANCE CUMULATIVE OF ALL OTHER ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local Government Code ("Act"), aIlows for the creation of public improvement districts; WHEREAS, on August 14, 2018, the City Council of the City of Fort Worth ("City Council' authorized the establishment of Public Improvement District No. 19 -- Historic Camp Bowie ("District"), as a public improvement district in accordance with the Act and Resolution No. 4966-08-2018; WHEREAS, on September 17, 2024, City Council adopted Ordinance No. 27170-09-2024, approving the fiscal year (FY) 2024-2025 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2024 Assessment Roll for the Historic Camp Bowie PID; WHEREAS, the City Council desires to amend the fiscal year 2024-2025 budget and five-year service plan ("Amended Service Plan"), which is attached hereto as Exhibit A and incorporated herein for all purposes; WHEREAS, the Amended Service Plan is intended to supersede the Service Plan set out in Ordinance No. 27170-09-2024; and WHEREAS, the Amended Service Plan will not affect the previously adopted Assessment Plan or Assessment Roll. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: SECTION 1. The Recitals and findings listed above are true and correct and form the basis upon which this Ordinance is being adopted and arc incorporated herein by reference. SECTION 2. The City Council hereby approves and adopts the Amended Service Plan for fiscal year 2024-2025. In doing so, the City Council finds that the supplemental services and improvements set forth in the Service Plan are feasible and advisable and will serve the needs and desires of the property owners in the District. SECTION 3. 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 shall remain in full force and effect. Pagel of 3 SECTION 4. This Ordinance is cumulative of 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 S. The City Secretary is directed to cause a copy of this Ordinance to be recorded in the real property records of Tarrant County, Texas no later than the seventh (711) day after the adopted date of this Ordinance. SECTION 6. This Ordinance takes effect and will be in full force and effect from and after the date of its passage. AND IT IS SO ORDAINED. APPROVED AS TO FORM AND LEGALITY: Larry Col g er (Apr 30, 2025 14:14 CDT) Larry Collister, Sr. Assistant City Attorney M&C: 25-0378 Adopted and Effective: April 22, 2025 ATTEST: Jannette S, Goodall, City Secretary Q� F b 0"0 �a Page 2 of 3 EXHIBIT A AMENDED SERVICE PLAN ' City ai Fort worth Five Year Service Plan - FY 2025 - FY2029 Public Improvement District No.19 - Histodc Camp Bowle MID YEAR ADJUSTMENT FYE 24125 FYE 25126 FYE 211127 FYE 27128 FYE 28M REVENUES PIDAssessments $ 490,760 $ 510.391 $ 530,806 $ 652.039 S574,120 COFW Payment to lieu of Services 76,475 38.887 3%665 49,665 40,458 Budget Revenues $ 567,235 $ 649,278 $ 570,471 $ 591,703 $ 614,578 Use of Find Balance 23,010 - - - - Total Revenues EXPENSES $ 590,245 $ 649,278 $ 570.471 $ 591,703 $ 614,578 Management Fee 98,152 98,152 114,094 118,341 122,916 Beautification 208.000 208,000 208,000 208,000 20BA00 Safety & Security 63,000 .63,000 66,150 74765 80.042 Economic Development 98.000 48,000 50,400 55,440 60,984 Marketing & Communications 96,500 84,060 88 200 97,020 106,722 Audit 13,000 13,520 14.061 14.623 15.208 City Administrative Fen 10.693 10,593 11.017 11,467 11,916 C4Adminlslralive /ludit 3,000 3,000 3;120 3,245 3,375 Total Budget Expenses Contribution to Fund Balance Total Expenses Net Change In Fund Balance Beginning Fund balance, Estimated (Yrs 2.5) Estimated Fund Balance, End of Year Reserve Requirement Over (Under) Reserve •FY2025 Assassment Rato a $.10 $ 590,245 S .528,265 S 555,042 $ 5801891 .5 609,162 - S 21,013 $ 15.429 S 10,812 5,417 S 590,245 5 649.278 S 570,471 $ 591,703 $ 614,678 5 (23,010) $ 21,013 5 15,429 $ 10,812 S 6,417 164.792 141,782 162.795 178.225 189,037 141,782 162,795 178,225 189,037 194,454 86,062 92,525 96,835 101,547 101;547 S 53,721 S 10,270 $ 81,390 $ 87,490 S 92,907 The total budgeted costs of the improvements and services for the District for fiscal year 2024-2025 are $590,245.00. Of this amount, $490,760.00 will be funded by assessments collected on privately -owned parcels located in the District. The remainder of the costs will be funded by other revenue sources, including: • $76,475.00 indirect payments from the City for payment in lieu of services, which was appropriated from the General Fund balance by City Council action on September 17, 2024, and by this amendment; • $23,010.00 in additional funds to be transferred from the unaudited, unassigned fund balance. Page 3 of 3 City of Fort Worth, Texas Mayor and Council Communication DATE: 04/22/25 M&C FILE NUMBER: M&C 25-0378 LOG NAME: 17PID19 MIDYEAR FY25 SUBJECT (CD 3 and CD 7) Adopt Ordinance Amending Public Improvement District 19 — Historic Camp Bowie Fiscal Year 2024-2025 Adopted Budget and Five -Year Service Plan; Authorize the Execution of an Amendment to the Associated Management and Improvement Services Agreement with Camp Bowie District, Inc. to Align with these Changes; and Adopt Appropriation Ordinances RECOMMENDATION: It is recommended that the City Council: i. Adopt the attached ordinance amending Public Improvement District 19 -- Historic Camp Bowie 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 (7rh) day after adoption by the City Council; and 2. Authorize the execution of an amendment to the associated Management and Improvement Services Agreement with Camp Bowie District, Inc. (City Secretary Contract No. 62273) to align with these changes; and 3. Adopt the attached appropriation ordinance reallocating estimated receipts and appropriations in the Paris & Recreation Department of the General Fund by decreasing appropriations in the General Operating & Maintenance category in the amount of $37,588.00, and increasing appropriations in the Transfers & Other category by the same amount, for the purpose of funding the Fort Worth Public Improvement District 19 -- Historic Camp Bowie fund for the Payment In -Lieu of Services; and 4. Adopt the attached appropriation ordinance reallocating estimated receipts and appropriations in the Public Improvement District 19 -- Historic Camp Bowie Fund 1) by increasing in the amount of $37,588.00, transferred from Park and Recreation Department, 2) decreasing the use of fund balance in the amount of $2,088.00, and 3) increasing other contractual services account in the amount of $35,500.00, for the purpose of funding expenditures related to the mid year adjustment. 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 19 — Historic Camp Bowie (Historic Camp Bowie PID) is managed by Camp Bowie District Inc. (CBDI). On September 17, 2024, City Council adopted Ordinance No. 27170-09-2024, approving the Fiscal Year (FY) 2024-2025 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2024 Assessment Roll for the Historic Camp Bowie PID. After conducting a mid -year review of the Historic Camp Bowie PID's budget, City staff and CBDI has identified the need to increase Historic Camp Bowie P1D's (City of Fort Worth) allocations by $35,500.00 to account for $37,588.00 additional payment in -lieu of services. The additional revenue increase will result in a reduction to the original use of the fund balance in the amount of $2,088.00. Expenditure adjustments are primarily driven by increased investments in economic development to support community mapping for future planning efforts and enhanced marketing and communication initiatives related to contract work. The City's Payment In -Lieu of Services is a supplement to the PID budget and intended to provide for the standard level of improvements and services as comparable to what would be provided by the City for the taxpayers generally. Revenue Adjustments: Line Items to be Adjusted Previously Approved FY25 Budget Item Recommended Mid -Year Adjustment Amended FY25 Budget ]tem PID Assessments $490,760.00 $0.00 $490,760.00 COFW Payment in lieu $38,887.00 $37.588.00 $76,475.00 of Services Use of Fund Balance $25,098.00 ($2,088.00) $23,010.00 Totals $554,745.001 $35,500.00 $590,245.00 Expenditure Adjustments: Line Item Previously Approved FY25 Budget item Recommended Mid -Year Adjustment Amendedi FY25' Budget Item Management Fee $98,152.001 $0.001 98,152.00 Beautification $7208,000,001 $0.00 $208,000.00 Safety &Security =F-63,000.0011$0.001 $63,000.00 Economic Development JF$78,000.00 1 $20,000.00 $98,000.00 Marketing & Communications $84,000.00 $12,500.00 $96,500.00 Audit 11 $10.000. 01 $3,000.00 $13,000.00 City Administrative Fee $10,593.00E $0.00 $10,593.00 City Administrative Audit $3,000.00 $0.00 $3,000.00 Totals $554,745.00 $35,500.00 $590,245.00 Upon approval of the above recommendations, the total budgeted expenses for FY 2024-2025 will be $590,245.00. This mid -year adjustment will increase FY25 adopted budget by $35,500.00. The revised Budget and Five -Year Service Plan will take effect upon approval by City Council. The City and CBDI will amend the existing management contract to reflect the mid -year adjustments (City Secretary Contract No. 62273). The Historic Camp Bowie PID is located in COUNCIL DISTRICTS 3 & 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 funds are currently available in the General Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the FWP1D #19 — Hist Camp Bowie Fund. Prior to an expenditure being incurred, the Economic Development Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office bW . Jesica McEachem 5804 Originating Business Unit Head: Kevin Gunn 2015 Additional Information Contact: Crystal Hinojosa 7808 Expedited