HomeMy WebLinkAbout28403-04-2026 - City Council - OrdinanceORDINANCE NO.28403-04-2026
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 6 — PARK
GLEN FUND, FROM AVAILABLE UNRESERVED FUND BALANCE, IN THE
AMOUNT OF $210,500.00, 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 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.
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said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED: April 28 2026
EFFECTIVE: Abril 28 2026
Jannette S. Goodall
City Secretary
Ordinance No. 28403-04-2026
Page 1 of 2
City of Fort Woth
Five Year Service Plan: Mid -Year Adjustment
Public Improvement District No. 6 - Park Glen
FY 25/26
FY 26/27
FY 27/28
REVENUES
PID Assessments
$ 2,281,595
$ 2,412,858
$ 2,509,373
COFW Payment in lieu of Services
346,759
357,162
367,877
COFW Assessment
7,638
7,298
7,298
Total Budgeted Revenues
$ 2,635,992
$ 2,777,318
$ 2,884,548
Use of Fund Balance
$ 257,044
$ 282,404
$ -
Total Revenues
$ 2,893,036
$ 3,059,723
$ 2,884,548
EXPENSES
Management Fee
$ 168,291
$ 173,340
$ 178,540
Capital Improvements
200,000
450,000
200,000
Common Area Maintenance
198,000
203,940
210,058
Communications
19,000
14,935
15,383
Holiday Decoration
30,000
56,135
57,819
Landscaping
1,638,125
1,512,169
1,557,534
Public Events
61,400
62,800
62,800
Security Enhancements
285,400
291,108
296,930
Utilities
232,000
234,600
239,292
Annual Review
8,100
5,150
5,150
City Administrative Fee
52,720
55,546
57,691
Total Budgeted Expenses
$ 2,893,036
$ 3,059,723
$ 2,881,197
Contribution to Fund Balance
$ -
$ -
$ 3,351
Total Expense
$ 2,893,036
$ 3,059,723
$ 2,884,548
Net Change in Fund Balance
$ (257,044)
$ (282,404)
$ 3,351
Fund Balance, Beginning of Year
$ 1,145,264
$ 888,219
$ 605,815
Estimated Fund Balance, End of Year
$ 888,219
$ 605,815
$ 609,166
Reserve Requirement
510,056
480,296
493,554
Over (Under) Reserve
$ 378,164
$ 125,519
$ 115,612
*FY2026 Assessment Rate = $.155 Residential/ $.035 Commercial
FY 28/29
FY 29/30
$ 2,609,747
$ 2,714,137
378,913
390,280
7,298
7,298
$ 2,995,958
$ 3,111,715
$ 2,995,958
$ 3,111,715
$ 183,896 $ 189,413
206,000
212,180
216,360
222,851
15,845
16,320
59,554
61,340
1,604,260
1,652,388
62,800
62,800
302,869
308,926
244,078
248,959
5,150
5,150
59,919
62,234
$ 2,960,730
$
3,042,561
$ 35,228
$
69,155
$ 2,995,958
$
3,111,715
$ 35,228
$
69,155
$ 609,166
$
644,394
$ 644,394
$
713,549
507,195
507,195
$ 137,199
$
206,354
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