HomeMy WebLinkAbout28416-04-2026 - City Council - OrdinanceORDINANCE NO.28416-04-2026
AN ORDINANCE AMENDING THE FISCAL YEAR 2025-2026 BUDGET AND FIVE-
YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 21 — LAS
VEGAS TRAIL; 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 June 22, 2021, the City Council of the City of Fort Worth ("City Council") authorized
the establishment of Public Improvement District No. 21— Las Vegas Trail ("District"), as a public improvement
district in accordance with the Act and Resolution No. 5428-06-2021;
WHEREAS, on September 16, 2025, City Council adopted Ordinance No. 28002-09-2025, approving
the fiscal year (FY) 2025-2026 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2025
Assessment Roll for the Las Vegas Trail PID;
WHEREAS, the City Council desires to amend the fiscal year 2025-2026 budget and five-year service
plan by replacing it with the "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. 28002-09-2025; 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 Plan for fiscal year 2025-2026. 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 1 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.
APPROVED AS TO FORM ATTEST:
AND LEGALITY:
Trey Qualls, Sr. Assistant City Attorney Jannette S. Goodall, City Secretary
M&C 26-0283
Adopted and Effective: April28, 2026f OR
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Ordinance No. 28416-04-2026
Page 2 of 3
EXHIBIT A
AMENDED SERVICE PLAN
City of Fort Woth
Five Year Service Plan
Public
Improvement
District
No. 21 - Las
Vegas Trails
FY 25126
FY 26/27
FY 27/28
FY 28/29
FY 29130
REVENUES
PIDAssessments
$
374AM
$
3nM
-19 .1=2
S I1
S 412.778
COFW Payment in 0eu of Service,.
COFW Assessment
Total Budgeted Revenues
S
374.402
S
393.122
S
393.122
S 412.778
S 412.778
Use of Fund Balance
$
S
$
$
S
Total Revenues
$
374.402
$
393,122
S
393,122
$ 412.778
S 412.778
EXPENSES
Management Fee
$
30.444
S
31,357
S
32,298
$ 33.267
$ 34.265
Communications
2,500
2,550
2.601
2.653
2,706
CommunityCenter Operations
82.133
84.597
87,135
89,749
92,441
Community Enhancement
32,666
33.646
34,655
35.695
36,766
Public Safety
193.500
214,500
215,000
223.600
226.000
Annual Review
6,000
3,000
3,1X)0
3,000
3,000
City Administrative Fee
7,488
7.862
7.862
8.256
8,256
Total Budgeted Expenses
$
354,731
S
377,512
S
382,551
$ 396.220
$ 403,434
Contribution to Fund Balance
$
19,671
S
15,610
$
10,571
$ 16.558
S 9,344
Total Expense
$
374.402
S
393,122
S
393,122
$ 412.778
$ 412,778
Net Change in Fund Balance
$
19.671
S
15,610
S
10.571
$ 16.558
$ 9,344
Fund Balance, Beginning of Year
$
44,753
S
64,424
S
80.0341
$ 90.604
S 107,163
Estimated Fund Balance. End of Year
$
64,424
$
80,034
S
90,604
$ 107.163
S 116.507
Reserve Requirement
62,931
63,771
66,050
67,252
67,252
Over (Under) Reserve
$
1.493
S
16,262
S
24,554
$ 39.910
$ 49.255
`FY2026 Assessment Rate = S0.10
The total budgeted costs of the improvements and services for the District for fiscal year 2025-2026 are
$374,402.00. The full amount will be funded by assessments collected on privately -owned parcels located in
the District.
Ordinance No. 28416-04-2026
Page 3 of 3
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/28/26 M&C FILE NUMBER: M&C 26-0283
LOG NAME: 03PID21 MIDYEAR FY26
SUBJECT
(CD 3) Adopt Ordinance Amending Public Improvement District 21 — Las Vegas Trail Fiscal Year 2025-2026 Adopted Budget and Five -Year
Service Plan; 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; and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance amending Public Improvement District 21 — Las Vegas Trail Year 2025-2026 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;
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. 64230) to align with these changes; and
3. Adopt the attached appropriation ordinance decreasing estimated receipts and appropriations in the Public Improvement District 21 - Las
Vegas Trail Fund in the amount of $829.00, from available, unreserved fund balance, for the purpose of funding mid -year budget
adjustments.
DISCUSSION:
The City of Fort Worth's FWLab Department 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 21 — Las Vegas
Trail is managed by FirstService Residential Texas PID, LLC (FirstService).
On September 16, 2025, City Council adopted Ordinance No. 28002-09-2025, approving the Fiscal Year (FY) 2025-2026 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll for the Las Vegas Trail PID. After conducting a mid -year review of the Las
Vegas Trail PID's budget, City staff and FirstService have identified the need to amend the FY2025-2026 budget to decrease appropriations by
$829.00. This adjustment reflects a decrease in the use of available fund balance.
The expenditure adjustments are primarily attributable to shifting to a more conservative use of fund balance to allow for future planning.
Revenue Adjustments:
Previously
Line Item Approved FY26
Budget Item
PID $374,402.00
Assessments
Use of Fund 829.00
Balance
lTotals $375,231.00
Expenditure Adjustments:
Recommended Amended
Mid -Year FY26 Budget
Adjustment Item
Previously
$0.00 $374,402.00
(829.00) 0.00
($829.00) 1 $374,402.00
Approved
Recommended
Amended
FY26 Budget
Mid -Year
FY26 Budget
Line Item
Item
Adjustment
Item
(Management Fee
$30,444.00
$0.00
$30,444.00
Communications
2,500.00
0.00
2,500.00
lCommunity Center Operations
93,133.00
(11,000.00)
82,133.00
lCommunity enhancement
32,666.00
0.00
32,666.00
IlPublic Safety
206,000.00
(12,500.00)
193,500.00
IlAudit/Annual Review
3,000.00
3,000.00
6,000.00
IlCity Administrative Fee
7,488.00
0.00
7,488.00
IlContribution to Fund Balance
0.00
19,671.00
19,671.00
(Totals
$375,231.00
($829.00)
$374,402.00
Upon approval of the above recommendation, the total budgeted expenses for FY2025-2026 will be $374,402.00. 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. 64230).
Funding will be budgeted within the FWPID #21 — Las Vegas Trail Fund for Fiscal Year 2026. Funding is available for appropriation in the fund
balance of the FWPID # 21 - Las Vegas Trail Fund. The beginning fund balance was $44,753.08, and is projected to grow to $64,424.08 by the
end of FY2026 as a result of these changes.
The Las Vegas Trail PID is located in COUNCIL DISTRICTS 3.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are currently available from fund balance within the FWPID #21 - Las Vegas Trail Fund and
upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FWPID #21 -
Las Vegas Trail Fund as appropriated. Prior to an expenditure being incurred, the FWLab Department has the responsibility of verifying the
availability of funds.
Submitted for Citv Manaaer's Office bv:
Oriainatina Business Unit Head:
Christianne Simmons 6222
Additional Information Contact: Brady Kirk 8712