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Home My WebLink About28417-04-2026 - City Council - OrdinanceORDINANCE NO.28417-04-2026 AN ORDINANCE DECREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN PUBLIC IMPROVEMENT DISTRICT 21 - LAS VEGAS TRAILS IN THE AMOUNT OF $829.00, FROM AVAILABLE UNRESERVED FUND BALANCE 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. 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 a decrease in estimated appropriations in the Public Improvement District 21 - Las Vegas Trails in the amount of $829.00, from available, unreserved fund balance, for the purpose of funding mid -year budget adjustments. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. /� � 17 Qc Assistant City Attorney Adopted and Effective: April 28, 2026 Jannette S. Goodall City Secretary p�W4,1 FORr �.�. o001 .p0~00A�000Oo0O TTy 0 0000000 nEXpSoAa Ordinance No. 28416-04-2026 Page 1 City of Fort Worth REVENUES PID Assessments COFW Payment in lieu of Services COFW Assessment Total Budgeted Revenues Use of Fund Balance Total Revenues EXPENSES Management Fee Communications Community Center Operations Community Enhancement Public Safety Annual Review City Administrative Fee Total Budgeted Expenses Contribution to Fund Balance Total Expense Net Change in Fund Balance Fund Balance, Beginning of Year Estimated Fund Balance, End of Year Reserve Requirement Over (Under) Reserve *FY2026 Assessment Rate = $0.10 Five Year Service Plan: Mid -Year Adjustment Public Improvement District No. 21 - Las Vegas Trails FY 25/26 FY 26/27 FY 27/28 FY 28/29 FY 29/30 $ 374,402 $ 393,122 $ 393,122 $ 412,778 $ 412,778 $ 374,402 $ 393,122 $ 393,122 $ 412,778 $ 412,778 $ 374,402 $ 393,122 $ 393,122 $ 412,778 $ 412,778 $ 30,444 $ 31,357 $ 32,298 $ 33,267 $ 34,265 2,500 2,550 2,601 2,653 2,706 82,133 84,597 87,135 89,749 92,441 32,666 33,646 34,655 35,695 36,766 193,500 214,500 215,000 223,600 226,000 6,000 3,000 3,000 3,000 3,000 7,488 7,862 7,862 8,256 8,256 $ 354,731 $ 377,512 $ 382,551 $ 396,220 $ 403,434 $ 19,671 $ 15,610 $ 10,571 $ 16,558 $ 9,344 $ 374,402 $ 393,122 $ 393,122 $ 412,778 $ 412,778 $ 19,671 $ 15,610 $ 10,571 $ 16,558 $ 9,344 $ 44,753 $ 64,424 $ 80,034 $ 90,604 $ 107,163 $ 64,424 $ 80,034 $ 90,604 $ 107,163 $ 116,507 62,931 63,771 66,050 67,252 67,252 $ 1,493 $ 16,262 $ 24,554 $ 39,910 $ 49,255 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