HomeMy WebLinkAbout28412-04-2026 - City Council - OrdinanceORDINANCE NO.28412-04-2026
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN PUBLIC IMPROVEMENT DISTRICT 15 - SUN VALLEY
IN THE AMOUNT OF S31,287.00, 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 increase in estimated appropriations in the Public
Improvement District 15 - Sun Valley in the amount of $311,287.00, 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said prior ordinances and appropriations are hereby expressly repealed.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:
5IA
Assistant City Attorney
Adopted and Effective: April 28, 2026
Jannette S. Goodall
City Secretary
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Ordinance No. 28412-04-2026
Page 1 of 2
REVENUES
PID Assessments
COFW Assessment
Total Budgeted Revenues
Use of Fund Balance
Total Revenues
EXPENSES
Management Fee
Safety & Security
Capital Improvements
Communications
City Audit
City Administration 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 = $.24
City of
Fort Worth
Five Year Service
Plan: Mid -Year Adjustment
Public Improvement
District No. 15 - Sun
Valley
FY 25/26
FY 26/27
FY 27/28
FY 28/29
FY 29/30
$
194,629
$
202,414
$
210,511
$
218,931
$
227,688
169
169
169
169
169
$
194,798
$
202,583
$
210,680
$
219,100
$
227,857
$
31,287
$
2,559
$
-
$
-
$
-
$
226,085
$
205,142
$
210,680
$
219,100
$
227,857
$
31,493
$
32,438
$
33,411
$
34,413
$
35,446
146,050
15 3, 353
161,020
169,071
177,525
36,140
10,000
-
-
-
2,506
2,300
2,400
2,500
2,600
6,000
3,000
3,000
3,000
3,000
3,896
4,052
4,214
4,382
4,557
$
226,085
$
205,142
$
204,045
$
213,366
$
223,127
$
-
$
-
$
6,635
$
5,734
$
4,730
$
226,085
$
205,142
$
210,680
$
219,100
$
227,857
$
(31,287)
$
(2,559)
$
6,635
$
5,734
$
4,730
$
139,661
$
108,373
$
105,814
$
112,449
$
118,183
$
108,373
$
105,814
$
112,449
$
118,183
$
122,912
34,197
34,014
35,568
37,195
37,195
$
74,176
$
71,800
$
76,881
$
80,987
$
85,717
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/28/26 M&C FILE NUMBER: M&C 26-0273
LOG NAME: 03PID15 MIDYEAR FY26
SUBJECT
(CD 11) Adopt Ordinance Amending Public Improvement District 15 - Sun Valley 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 CP2 Consultants to
Align with these Changes; and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
Adopt the attached ordinance amending the Fiscal Year 2025-2026 Budget and Five -Year Service Plan for Public Improvement District 15 —
Sun Valley 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 (71h) day after adoption by the City Council;
Authorize the execution of an amendment to the associated Management and Improvement Services Agreement with CP2 Consultants (City
Secretary Contract No. 64226) to align with these changes; and
Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 15 - Sun
Valley Fund in the amount of $31,287.00, 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 15 —
Sun Valley (Sun Valley PID) is managed by CP2 Consultants, LLC (CP2).
On September 16, 2025, City Council adopted Ordinance No. 27994-09-2025, approving the Fiscal Year (FY) 2025-2026 Budget, Five -Year
Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll for the Sun Valley PID. After conducting a mid -year review of the Sun Valley
PID's budget, City staff and CP2 have identified the need to increase the Sun Valley PID Budget by $31,287.00. This adjustment reflects the use of
available fund balance to support program enhancements. As a result, the originally projected contribution to fund balance will be reduced by
$5,541.00. The expenditure adjustments are primarily attributable to increased investment in signage and security cameras.
In addition to PID Assessments, the Sun Valley PID also receives funding from City of Fort Worth Payment In -Lieu of Assessment, which is an
allocation to the PID budget for assessments the City would pay on City -owned properties in the Sun Valley PID, if the City was not a tax-exempt
entity. This revenue source is not changing in the current update to the Five -Year Service Plan.
Revenue Adjustments:
Line Items to Previously Approved Recommended Amended
be Adjusted FY26 Budget Item Mid -Year FY26 Budget
Adjustment Item
PID $194,629.00 $0.00 $194,629.00
Assessments
Payment In -
Lieu of 169.00 0.00 169.00
Assessments
Use of Fund 0.00 31,287.00 31,287.00
Balance
Totals $194,798.00 $31,287.001 $226,085.00
Expenditure Adjustments:
Line Items to Previously Approved Recommended Amended
be Adjusted FY26 Budget Item Mid -Year FY26 Budget
Adjustment Item
Management
Fee
Safety &
Security
$31,493.00
140,050.00
$0.00 $31,493.00
6,000.00 146,050.00
Capital
Improvements
8,312.00
27,828.00
36,140.00
Communications
2,506.0011
0.001
2,506.001
City Audit
3,000.00
3,000.00
6,000.001
City
Administration
3,896.00
0.00
3,896.00
Fee
Contribution to
5,541.00
(5,541.00)
0.00
Fund Balance
(Totals I $194,798.001 $31,287.00 $226,086.001
Upon approval of the above recommendations, the total budgeted expenses for FY2025-2026 will be $31,237.00. The revised Budget and Five -
Year Service Plan will take effect upon approval by City Council. The City and CP2 Consultants, LLC will update the existing contract to reflect the
mid -year adjustment (City Secretary Contract No. 64226).
Funding will be budgeted within the FWPID #15 — Sun Valley Fund for Fiscal Year 2026. Funding is available for appropriation in the fund balance
of the FWPID# 15 - Sun Valley Fund. The current balance is $279,225.72 after this M&C available balance will be $247,938.72.
The Sun Valley PID is located in COUNCIL DISTRICT 11.
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 #15 - Sun Valley Fund and upon approval of
the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FWPID #15 - Sun Valley 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