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Home My WebLink About28402-04-2026 - City Council - OrdinanceORDINANCE NO.28402-04-2026 AN ORDINANCE AMENDING THE FISCAL YEAR 2025-2026 BUDGET AND FIVE- YEAR SERVICE PLAN FOR PUBLIC IMPROVEMENT DISTRICT NO. 6 - PARK GLEN; 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 September 22, 1998, the City Council of the City of Fort Worth ("City Council") authorized the establishment of Public Improvement District No. 6 - Park Glen ("District"), as a public improvement district in accordance with the Act and Resolution No. 2453; WHEREAS, on September 16, 2025, the City Council adopted Ordinance No. 27984-09-2025, approving the fiscal year 2025-2026 budget, five-year service plan, assessment plan, and tax year 2025 assessment roll for the District; WHEREAS, the City Council desires to amend the fiscal year 2025-2026 budget and five-year service plan by replacing 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. 27984-09-2025; 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 4 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. hIl7_Y_8f.MIXI].71- 1►1MIla APPROVED AS TO FORM ATTEST: AND LEGALITY: Trey Qualls, Sr. Assistant City Attorney Jannette S. Goodall, City Secretary M&C: 26-0267 a FORr�� Adopted and Effective: April 28, 2026 .�.o 0. oCo jj no o� d v °=d ° % 0 0 0.0.000 ICY �EXAS.o�.o- Ordinance No. 28402-04-2026 Page 2 of 4 EXHIBIT A AMENDED SERVICE PLAN City of Fort Woth Five Year Service Plan Public Improvement District No. 6 - Park Glen FY 25/26 FY 26127 FY 27128 FY 28129 FY 29130 REVENUES PID Asse ssments S 2.281.595 $ 2,412.858 S 2.509.373 S 2.609,747 $ 2.714.137 COFW Payment in lieu of Services 346.759 357.162 367.877 378,913 390,280 COFW Assessment 7,638 7,298 7.298 7.298 7.298 Total Budgeted Revenues S 2,635.992 S 2,777.318 S 2.884,548 $ 2.995,958 S 3,111,715 Use of Fund Balance S 257.0S4 5 282.404 $ 5 5 Total Revenues $ 2.893.036 S 3,059.723 S 2,B84,548 S 2.995,958 S 3.111.715 EXPENSES Management Fee S 168.291 S 173,340 S 178.540 $ 183,896 $ 189,413 Capital improvements 200.000 450,000 200,000 206.000 212.180 Common Area Maintenance 198.000 203,940 210,058 216,360 222,851 Communications 19.000 14.935 15.383 15.845 16.320 Holiday Decoration 30.000 56.135 57.819 59,554 61.340 Landscaping 1.638.125 1.512.169 1,557.534 1.604,260 1.652.388 Public Events 61.400 62.900 62.800 62.800 62.800 Security Enhancements 285.400 291,108 296.939 302,869 308,926 Utilities 232.000 234.600 239.292 244.078 248,959 Annual Review 8.100 5.150 5.150 5.150 5.150 City Administrative Fee 52.720 55.546 57.691 59,919 62234 Total Budgeted Expenses S 2.a93.036 S 3,059,723 S 2.881,197 S 2.960,730 S 3.042.561 Contribution to Fund Balance S S S _ _ _ - S 3_::e �q 1- Total Expense S 2.993,036 S 3,059,723 S Z884,548 S 2,995.958 S 3.111,715 Net Change In Fund Balance S (257,044) S (282.404) $ 3,351 S 35,228 $ 69,155 Fund Balance, Beginning of Year S 1.145,264 S 898.219 S 605.815 S 609,166 $ 644.394 Estimated Fund Balance. End of Year S 888.219 $ 605,815 S 609.166 S 644,394 $ 713.549 Reserve Requitement 510.056 480.296 493.554 507,195 507,195 Over (Under) Reserve S 378,164 S 125,519 S 115,612 S 137.199 S 206,354 'FY2026 Assessment Rate = S.155 Residential/ S.035 Commercial The total budgeted costs of the improvements and services for the District for fiscal year 2025-2026 are $2,893,036.00. Of this amount, $2,281,595.00 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: • $346,759.00 in direct payments from the City for payment in lieu of services, which was appropriated from the General Fund balance by City Council action on September 16, 2025, and by this amendment; • $7,638.00 indirect payments from the City for payment in lieu of assessments, which was appropriated from the General Fund balance by City Council action on September 16, 2025, and by this amendment; and Ordinance No. 28402-04-2026 Page 3 of 4 $257,044.00 in additional funds to be transferred from the unaudited, unassigned fund balance. Ordinance No. 28402-04-2026 Page 4 of 4 City of Fort Worth, Texas Mayor and Council Communication DATE: 04/28/26 M&C FILE NUMBER: M&C 26-0267 LOG NAME: 03PID06 MIDYEAR FY26 SUBJECT (CD 4) Adopt Ordinance Amending Public Improvement District 6 - Park Glen 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 6 — Park Glen 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 FirstService Residential Texas PID, LLC (City Secretary Contract No. 64236) to align with these changes; and 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 6 - Park Glen Fund in the amount of $210,500.00, 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 6 — Park Glen (Park Glen PID) is managed by FirstService Residential Texas PID, LLC (FirstService). On September 16, 2025, City Council adopted Ordinance No. 27984-09-2025, approving the Fiscal Year (FY) 2025-2026 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll for the Park Glen PID. After conducting a mid -year review of the Park Glen PID's budget, City staff, in coordination with FirstService, has identified the need to amend the FY2025-2026 budget to increase appropriations by $210,500.00. This adjustment reflects the use of available fund balance to support program enhancements. The expenditure adjustments are primarily attributable to increased investment in landscaping and irrigation upgrades, improvements to a disk golf course, and improvements made to monument entries. In addition to PID Assessments, the Park Glen 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 Park Glen 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 $2,281,595.00 $0.00 $2,281,595.00 Assessments COFW Payment In- 346,759.00 0.00 346,759.00 Lieu of Services COFW 7,638.00 0.00 7,638.00 Assessment Use of Fund 46,544.00 210,500.00 257,044.00 Balance (Totals $2,682,536.00 $210,500.00 $2,893,036.001 Expenditure Adjustments: Previously Approved Recommended Amended FY26 Budget Mid -Year FY26 Budget Line Items Item Adjustment Item Management Fee $168,291.00 $0.00 $168,291.00 IlCapital improvements 140,000.00 60,000.00 200,000.00 lCommon Area Maintenance 198,000.00 0.00 198,000.00 lCommunications 19,000.00 0.00 19,000.00 IlHoliday Decoration 54,500.00 (24,500.00) 30,000.00 Landscaping 1,468,125.00 170,000.00 1,638,125.00 Public Events 61,400.00 0.00 61,400.00 Security Enhancements 285,400.00 0.00 285,400.00 Utilities 230,000.00 2,000.00 232,000.00 JAnnual Review 5,100.00 3,000.00 8,100.00 City Administrative Fee 52,720.00 0.00 52,720.00 Contribution to Fund Balance 0.00 0.00 0.00 Totals $2,682,536.00 $210,500.00 $2,893,036.00 Upon approval of the above recommendations, the total budgeted expenses for FY2025-2026 will be $2,893,036.00. 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. 64236). Funding will be budgeted within the FWPID #6 — Park Glen Fund for Fiscal Year 2026. Funding is available for appropriation in the fund balance of the FWPID# 6 - Park Glen Fund. The current balance is $2,726,593.81, after this M&C available balance will be $2,516,093.81. The Park Glen PID is located in COUNCIL DISTRICT 4. 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 #6 - Park Glen Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FWPID #6 - Park Glen 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