HomeMy WebLinkAbout28401-04-2026 - City Council - OrdinanceORDINANCE NO.28401-04-2026
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 1 —
DOWNTOWN FUND, FROM AVAILABLE UNRESERVED FUND BALANCE, IN
THE AMOUNT OF $48,200.00, FOR THE PURPOSE OF FUNDING MID -YEAR
BUGET 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 increased estimated appropriations in the Public
Improvement District 1- Downtown Fund in the amount of $48,200.00, 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said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY:
/17
Assistant City Attorney
ADOPTED: April 28, 2026
EFFECTIVE: April 28, 2026
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Jannette S. Goodall
City Secretary
Ordinance No. 28401-04-2026.
Page 1
REVENUES
PI D Assessments
COFW Payment in lieu of Services
COFW Assessment
PI Generated Revenue
Total Budgeted Revenues
Use of Fund Balance
Total Revenues
EXPENSES
Management Fee
Ambassador Program
Holiday Decoration
Landscaping
Maintenance & Operations
Marketing & Research
Newsletter
Security Enhancements
Transportation & Planning
Utilities
Annual Review
Billing Services
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 = $.125
City of Fort Worth
Five Year Service Plan - Mid -Year Adjustment
Public Improvement District No.1 - Downtown
FY 25/26 FY 26/27 FY 27/28 FY 28/29 FY 29/30
$ 3,194,223
$ 3,258,107
$ 3,323,270
$ 3,389,735
$ 3,457,530
183,265
188,763
194,426
200,259
206,266
408,005
408,005
408,005
408,005
408,005
90,000
90,000
90.000
90.000
90,000
$ 3,875,493
$ 3,944,875
$ 4,015,700
$ 4,087,999
$ 4,161,801
$ 48,200
$ -
$ -
$ -
$ -
S 3.923.693
S 3.944.875
S 4.015.700
S 4.087.999
S 4.161.801
$ 660,200
$ 693,210
$ 727,871
$ 764,264
$ 802,477
704,000
739,200
753,984
769,064
784,445
186,213
25,000
30,000
30,000
100,000
140,000
100,000
125,000
125,000
125,000
1,305,500
1,280,000
1,300,000
1,330,000
1,430,000
543,600
470,200
500,000
500,000
550,000
9,000
9,000
9,000
9,000
9,000
13,200
13,200
13,200
13,200
13,200
269,450
207,100
217,455
228,328
239,744
9,500
9,500
9,500
9,500
9,500
6,000
3,000
3,000
3,000
3,000
1,320
1,320
1,320
1,320
1,320
75.710
78.898
80.314
81.760
83.236
$ 3,923,693
$ 3,629,628
$ 3,770,644
$ 3,864,435
$ 4,150,922
$ -
$ 315,248
$ 245,057
$ 223,563
$ 10,879
S 3.923.693
S 3.944.875
S 4.015.700
S 4.087.999
S 4.161.801
$ (48,200)
$ 315,248
$ 245,057
$ 223,563
$ 10,879
$ 654,335
$ 606,135
$ 921,383
$ 1,166,440
$ 1,390,003
$ 606,135
$ 921,383
$ 1,166,440
$ 1,390,003
$ 1,400,882
605,059
628,566
644,201
691,959
691,959
$ 1,076
$ 292,817
$ 522,239
$ 698,044
$ 708,923
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/28/26 M&C FILE NUMBER: M&C 26-0265
LOG NAME: 03PID01 MIDYEAR FY26
SUBJECT
(CD 9) Adopt Ordinance Amending Public Improvement District 1 - Downtown 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 Downtown Fort Worth
Inc. 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 1 — Downtown Fiscal 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 Downtown Fort Worth
Inc. (City Secretary Contract No. 64233) to align with these changes; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 1 -
Downtown Fund in the amount of $48,200.00, from available, unreserved fund balance, for the purpose of funding mid -year budget
adjustments.
DISCUSSION:
The City of Fort Worth's (COFW) 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 1 —
Downtown (Downtown PID) is managed by Downtown Fort Worth Inc. (DFWI).
On September 16, 2025, City Council adopted Ordinance No. 27982-09-2025, approving the Fiscal Year (FY) 2025-2026 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll for the Downtown PID. After conducting a mid -year review of the
Downtown PID's budget, City staff and DFWI has identified the need to amend the FY2025-2026 budget to increase appropriations by
$48,200.00. This adjustment reflects the use of available fund balance to support program enhancements. The contribution to fund balance,
originally projected at $1,800.00, will be reduced to zero. The expenditure adjustments are primarily attributable to preparations for increased
activity from World Cup visitors.
In addition to PID Assessments, the Downtown PID also receives funding from the following sources: (1) the City Payment In -Lieu of Services and
(2) the City of Fort Worth (COFW) Assessment. 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. The City of
Fort Worth Payment In -Lieu of Assessment is an allocation to the PID budget for assessments the City would pay on City -owned properties in the
Downtown PID, if the City was not a tax-exempt entity. Neither of these revenue sources is changing in the current update to the Five -Year Service
Plan.
Revenue Adjustments:
Line Items to Previously Recommended Amended
be Adjusted Approved Mid -Year FY26 Budget
FY26 Budget Item Adjustment Item
PID $3,194,223.00 $0.00 $3,194,223.00
Assessments
COFW
Payment In -Lieu 183,265.00 0.00 183,265.00
of Services
COFW 408,005.00 0.00 408,005.00
Assessment
PID Generated 90,000.00 0.00 90,000.00
Revenue
Use of Fund 0.00 48,200.00 48,200.00
Balance
Totals $3,875,493.00 $48,200.00 $3,923,693.00
Expenditure Adjustments:
Previously
Recommended
Amended
Approved
Mid -Year
FY26 Budget
FY26 Budget
Adjustment
Item
Item
Line Items
Management Fee
$660,200.00
$0.00
$660,200.00
JAmbassador Program
704,000.001
0.00
704,000.00
IlHoliday Decoration
166,213.00
20,000.00
186,213.00
IlLandscaping
130,000.00
10,000.00
140,000.00
Maintenance & Operations
1,285,500.00
20,000.00
1,305,500.00
Marketing & Research
543,600.00
0.00
543,600.00
Newsletter
9,000.00
0.00
9,000.00
Security Enhancements
13,200.00
0.00
13,200.00
Transportation & Planning
272,450.00
0.00
272,450.00
(Utilities
9,500.00
0.00
9,500.00
(Annual Review
3,000.00
0.00
3,000.00
IjBilling Services
1,320.00
0.00
1,320.00
IlCity Administrative Fee
75,710.00
0.00
75,710.00
I� Contribution to Fund Balance
1,800.00
(1,800.00)
0.00
I� Totals
$3,875,493.00
$48,200.00
$3,923,693.00
Upon approval of the above recommendations, the total budgeted expenses for FY2025-2026 will be $3,923,693.00. The revised Budget and
Five -Year Service Plan will take effect upon approval by City Council. The City and DFWI will amend the existing management contract to
reflect the mid -year adjustments (City Secretary Contract No. 64233).
Funding will be budgeted within the FWPID #1 — Downtown Fund for Fiscal Year 2026. Funding is available for appropriation in the fund balance of
the FWPID# 1 - Downtown Fund. The current balance is $2,579,199.97, after this M&C available balance will be $2,530,999.97.
The Downtown PID is located in COUNCIL DISTRICT 9.
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 #1 - Downtown Fund and upon approval of
the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FWPID #1 - Downtown 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