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Home My WebLink About28338-03-2026 - City Council - OrdinanceORDINANCE NO. 28338-03-2026 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT — 23 PANTHER ISLAND FUND, SUBJECT TO RECEIPT OF PAYMENT FROM TARRANT REGIONAL WATER DISTRICT, FROM AVAILABLE FUNDS, IN THE AMOUNT OF $124,103.00, FOR ADMINISTRATION AND OPERATION OF THE PUBLIC IMPROVEMENT DISTRICT 12 — PANTHER ISLAND DURING FISCAL YEAR 2025-26; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: SECTION 1. In addition to those amounts allocated to the various City departments for Fiscal Year 2025-2026 in the Budget of the City Manager, there shall also be increased estimated appropriations in the Public Improvement District — 23 Panther Island Fund, subject to receipt of payment from Tarrant Regional Water District, from available funds in the amount of $124,103.00, from available funds, for the administration of the Public Improvement District — 23 Panther Island during Fiscal Year 2025-2026. SECTION 2. 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. This ordinance shall be cumulative of Ordinance 27979-09-2025 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: "-- Nljh l Assistant City Attorney ADOPTED AND EFFECTIVE: March 10, 2026 CITY SECRETARY Jannette S. Goodall City Secretary ApF Fonr 00 ° � ° 0=d t� ° ° o 00000000 Ordinance No. 28338-03-2026 Page I of 2 City of Fort Worth, Texas Mayor and Council Communication DATE: 03/10/26 M&C FILE NUMBER: M&C 26-0155 LOG NAME: 03PID23 VOLUNTARY CONTRIBUTIONS SUBJECT (CD 2 and CD 9) Accept Voluntary Contribution of $124,103.00 from the Tarrant Regional Water District for Public Improvement District No. 23 — Panther Island for Fiscal Year 2026, Authorize Execution of a Management Agreement with the Tarrant Regional Water District for the Improvement District, and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. Accept a voluntary contribution from Tarrant Regional Water District in the amount of $124,103.00, in accordance with its participation agreement for Public Improvement District No. 23 — Panther Island for Fiscal Year 2026; 2. Authorize execution of a management agreement with Tarrant Regional Water District for the management of Public Improvement District No. 23 — Panther Island during Fiscal Year 2025-2026; and 3. Adopt the attached appropriation ordinance, increasing receipts and appropriations in the Public Improvement District No. 23 — Panther Island Fund by $124,103.00, subject to receipt of payment from Tarrant Regional Water District, for administration and operation of Public Improvement District No. 23 — Panther Island during Fiscal Year 2026. 7 F�� C�7► F The purpose of this Mayor and Council Communication (M&C) is to authorize actions associated with the initial operation of Public Improvement District No. 23 — Panther Island (PID 23) during Fiscal Year (FY) 2026. On February 24, 2026, the City Council held a public hearing regarding a petition to create PID 23, authorized a participation agreement for the Tarrant Regional Water District (TRWD) to pay assessments on its property throughout the life of PID 23, made certain findings, and approved the PID's creation, all in accordance with Chapter 372 of the Texas Local Government Code. In accordance with the petition, PID 23 will not impose assessments or have a formally approved Service and Assessment Plan (SAP) until FY2027. However, as laid out in the petition, TRWD has agreed to make voluntary pre -assessment contributions to commence PID-related work during the current FY2026. Approval of this M&C formally authorizes acceptance of and appropriates TRWD's voluntary contribution to enable the start-up and ongoing operations of the district during the current FY. The improvements and services to be provided in PID 23 during the 2025-2026 Fiscal Year and the associated costs are outlined below: Fiscal Year 2026 Budget 11 Improvements Total Budgeted Costs Iloperations & Maintenance $32,003.00 Imarketing $10,000.00 Public Events $50,000.00 City Administrative Fee $1,840.00 Contribution to Fund Balance $30,260.00 (Total Expenses $124,103.00 This M&C is limited to the TRWD's voluntary contribution being utilized in a manner consistent with the proposed services included in the petition for the PID's creation and does not levy assessments. Formal adoption of the SAP, the assessment rate and levy for PID 23 for FY2027 will be considered under a separate M&C and ordinance during the standard August/September assessment cycle. As noted in the PID 23-creation M&C, it is anticipated that other tax-exempt entities may also elect to provide voluntary contributions to the Panther Island PID during FY2026. Should additional contributions be received, staff will return to City Council with separate M&C actions to accept those funds and adjust appropriations accordingly. The Panther Island PID is located in COUNCIL DISTRICT 2 and 9. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. a&14L1MI,I; [•]N7i F-.TV1101Mel aA1IdCtLTV1r•7,A The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2025-2026 Budget by the City Council, funds will be available in the Fiscal Year 2026 operating budget, as appropriated, in the FWPID #23 — Panther Island PID Fund. Prior to any expenditure being incurred, the FWLab Department has the responsibility to validate the availability of funds. Submitted for Citv Manaaer's Office bv: Dianna Giordano 7783 Oriainatina Business Unit Head: Christianne Simmons 6222 Additional Information Contact: Brady Kirk 8712