HomeMy WebLinkAboutOrdinance 27598-04-2025ORDINANCE NO.27598-04-2025
AN ORDINANCE AMENDING THE FISCAL YEAR 2024-2025 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 20 — EAST
LANCASTER AVENUE; 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"), allows for the creation of public improvement districts;
WHEREAS, on February 12, 2019, the City Council of the City of Fort Worth ("City Council")
authorized the establishment of Public Improvement District No. 20 — East Lancaster Avenue ("District'), as a
public improvement district in accordance with the Act and Resolution No. 5052-02-2019;
WHEREAS, on September 17, 2024, City Council adopted Ordinance No. 27172-09-2024, approving
the fiscal year (FY) 2024-2025 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2024
Assessment Roll for the East Lancaster Avenue 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 PIan is intended to supersede the Service Plan set out in Ordinance
No. 27172-09-2024; 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 are incorporated herein by reference.
SECTION 2.
The City Council hereby approves and adopts the Amended Service PIan 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.
Page I 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 5.
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 (71) 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:
e`�Gd1.Qit-
Larry Col ' er (Apr 30, 2025 14:14 CDT)
Larry Collister, Sr. Assistant City Attorney
M&C: 25-0379
Adopted and Effective: April 22, 2025
ATTEST:
Jannette S. Goodall, City Secretary
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Ordinance No. 27598-04-2025
Page 2 of 3
REVENUES
13I0 Assessments
Total Budgeted Revenues
Use of Fund Balance
Total Funds Available for Use
EXPENSES
Management Fee
Litter Pickup
City Administrative Fee
Security
Community Marketing/Events
AuditlAnnual Review
Communica0ons
Total Audgeted Expanses
Contribution to Fund Balance
Total Expanses
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort worth
Five YearService Plan FY24-FY28
Public hnroveme nt District No. 20 - Fast Lancaster
MIDYEAR ADJUSTMENT
FY241Y5 FY25126
FY26f27 FY27128 FY28129
S 349,293 $ 366,759 $ 385,095 S 404,350 $ 424,568
$ 349,293 $ 366,758 $ 385,095 $ 404,350 $ 424,568
19,480 - -
S 368,773 $ 366,758 $ 385,095 $ 404,350 $ 424,568
$ 19,951
5 20,550
$ 21,167
S 2102
S 22.456
24.336
S 25.066
$ 25.818
S 26,593
S 27,380
6.986
S 7.195
$ 7.411
S 7,634
$ 7,863
3t19,000
S 305,068
$ 314,220
S 323,647
$ 333,356
1,500
S 2,060
$ 2;122
S 2.185
S 2.251
3A00
S 3,090
$ 3,183
S 3,278
$ 3,377
4,000
S' 2,575
$ -2 652
S_ Z732
$ 2,814
5 368,773
$ 36s,605
$ 378,573
S 38-1,870
$ 399,606
16.480
25,062
368,773
365,606
376,573
404,360
424,568
Not Change In Fund Balance $
119,480)
$ 1,153
$ 8,523
5 16,480
$ 25,062
Beginning Fund Balance, Estimated (yrs 2-5)
79,929
61,820
62,973
71,495
87.976
Estimated Fund Balance; End of Year
60.448
62,973
71,495
87,976
113,037
Reserve Requirement
60.946
62.775
64,658
64,658
66.598
Over (Unda� Raservo $
(498)
$ 198
$ 9.837
S 23,318
S 46,440
•FY2025 Assessment Rate m .266
The total budgeted costs of the improvements and services for the District for fiscal year. 2024-2025 are
$368,773.00. Of this amount, $349,293.00 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 $19,480.00
in additional funds to be transferred from the unaudited, unassigned fund balance.
Ordinance No. 27598-04-2025
Page 3 of 3
REVENUES
PID Assessments
Total Budgeted Revenues
Use of Fund Balance
Total Funds Available for Use
EXPENSES
Management Fee
Litter Pickup
City Administrative Fee
Security
Community Marketing/Events
Audit/Annual Review
Communications
Total Budgeted Expenses
Contribution to Fund Balance
Total Expenses
City of Fort Worth
Five Year service Plan FY24-FY28
Public Imrovement District No. 20 - East Lancaster
MID YEAR ADJUSTMENT
FY24125 FY25126 FY26127 FY27128 FY28129
$ 349,293 $ 366,758 $ 385.095 $ 404,350 $ 424.568
$ 349,293 $ 366,758 $ 385,095 $ 404,350 $ 424,568
19,480 - -
Net Change in Fund Balance
Beginning Fund Balance, Estimated (yrs 2-5)
Estimated Fund Balance, End of Year
Reserve Requirement
Over (Under) Reserve
"FY2025 Assessment Rate = .266
n
$ 368,773 $ 366,758 $ 385,095 $ 404,350 $ 424,668
$ 19,951
$
20,550
$
21,167
$
21,802
$
22,456
24,336
$
25,066
$
25,818
$
26,593
$
27,390
6,986
$
7,195
$
7,411
$
7,634
$
7,863
309,000
$
305,068
$ 314,220
$ 323,647
$
333,356
1,500
$
2,060
$
2,122
$
2,185
$
2,251
3,000
$
3,090
$
3,183
$
3,278
$
3,377
4,000
$
2,575
$
2,652
$
2,732
$
2,814
$ 368,773
$ 365,605
$ 376,573
$ 387,870
$ 399,506
16,480
25,062
363,773
365,605
376,573
404,350
424,568
$ (19,480)
$ 1,153
$ 8,523 '
$ 16,480
$ 25,062
79,929
61,820
62,973
71,495
87.976
60,448
62,973
71,495
87,976
113,037
60,946
62,775
64,658
64,658
66,598
$ (498)
$ 198
$ 6,837
$ 23,318
$ 46,440
City of Fart Worth, Texas
Mayor and Council Communication
DATE: 04/22/25 M&C FILE NUMBER: M&C 25-0379
LOG NAME: 17PID20 MIDYEAR FY25
SUBJECT
(CD 8 and CD 11) Adopt Ordinance Amending Public Improvement District 20 — East Lancaster Avenue Fiscal Year 2024-2025 Adopted Budget
and Five -Year Service Plan and Authorize the Execution of an Amendment to the Associated Management and Improvement Services Agreement
with FirstService Residential Texas PID, LLC to Align with these Changes
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance amending Public Improvement District 6 —Park Glen 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
2. Authorize the execution of an amendment to the associated Management and Improvement Services Agreement with FirstService
Residential Texas PID, LLC (City Secretary Contract No. 62192) to align with these changes.
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 P1Ds.
PID 20 — East Lancaster (East Lancaster PID) is managed by FirstService Residential Texas PID, LLC (FirstService).
On September 17, 2024, City Council adopted Ordinance No. 27172-09-2024, approving the Fiscal Year (FY) 2024-2025 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2024 Assessment Roll for the East Lancaster PID. After conducting a mid year review of the
East Lancaster PID's budget, City staff and FirstService have identified the need to reallocate funds in the East Lancaster PID Budget to align
expenses with actual activities that are attributable primarily to a decrease in security and community marketing and events and an increase in
communications.
Expenditure Adjustments:
Previously
Approved
Amended
FY25
Recommended
FY25
Budget
Mid -Year
Budget
Line Item
Item
Adjustments
Item
Management Fee
$19,951.00
$0.001
$19,951.OD
Litter Pickup
$24,33fi.00
$0.0011
$24,336.00
City Administrative Fee
$6,985.86
$0.0
$6,985.86
Security$310,000.00
($1,000.00
j
$309,000.00
Community Marketing/Events
$2,000.00
($500.06)
$1,500.00
AuditlAnnual Review
$3,000.00
$0.0011
$3,000.00
Communications 1
$2,500.0011
$1,500.010
$4,000.00
Totals
$3f;8,772.861
$0.00
$368,772.86
All other previously approved line items not mentioned above remain the same. The revised Budget and Five -Year Service Plan will take effect
upon approval by City Council. The City and FirstService will update the existing contract to reflect the mid -year adjustment (City Secretary
Contract No. 62192).
The East Lancaster PID is located in COUNCIL DISTRICTS 8 & 11.
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 funds are available in the current operating budget, as previously appropriated, in the FWPID #20 - East
Lancaster 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 bk Jesica McEachem 5804
Originating Business Unit Head:, Kevin Gunn 2015
Additional Information Contact- Crystal Hinojosa 7808
Expedited