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Home My WebLink About064230-A1 - General - Contract - FirstService Residential Texas PID, LLCCSC No. 64230-A1 FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 64230, A MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT Fort Worth Public Improvement District No. 21(Las Vegas Trail) This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 64230 ("First Amendment") is made and entered into by and between the CITY OF FORT WORTH (the "City"), a home -rule municipal corporation organized under the laws of the State of Texas, acting by and through its duly authorized Assistant City Manager, and FIRSTSERVICE RESIDENTIAL TEXAS PID, LLC, a Texas limited liability company ("Contractor"), acting by and through its duly authorized representative. WHEREAS, the City and Contractor are parties to a Management and Improvement Services Agreement for Fort Worth Public Improvement District No. 21, the same being City Secretary Contract Number 64230 ("Agreement"); WHEREAS, Contractor identified a need to reallocate certain funds between budgeted line items; WHEREAS, on April 28, 2026, the City Council adopted an ordinance approving a revised Fiscal Year 2025-2026 budget and five-year service plan, taking into account the budgetary adjustments; and WHEREAS, the parties wish to amend the Agreement to incorporate the revised budget and five- year service plan. NOW, THEREFORE, for and in consideration of the mutual covenants, promises, and agreements contained herein, the City and Contractor do hereby covenant and agree to amend the Agreement as follows: 1. Exhibit A to the Agreement concerning the Budget and Service Plan for the District is replaced with, and superseded by, a new Exhibit A that is attached to this First Amendment, which is incorporated into the Agreement for all purposes. 2. All terms of this First Amendment that are capitalized but not defined have the meanings assigned to them in the Agreement. 3. All terms and conditions of the Agreement that are not expressly amended pursuant to this First Amendment will remain in full force and effect. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX First Amendment to CSC 64230 P a g e IN WITNESS WHEREOF, the undersigned have caused this First Amendment to be executed in Fort Worth, Tarrant County, Texas. CITY OF FORT WO TH: AWbW6%— By: Dianna Giordano (May 21, 2026 16:13:15 CDT) Jesica McEachern Assistant City Manager Date: 05/21 /2026 FIRSTSERVICE RESIDENTIAL TEXAS PID, LLC a Texas limited liability company By: Kathleen Ward (May 11, 2026 13:01:58 CDT) Kathleen Ward President Date: 05/11 /2026 CITY OF FORT WO TH INTERNAL ROUTING PROCESS: APPROVAL RECO NDED: By: Chrieimiimmons (May 19, 2026 17:44:24 CDT) 19, 2026 17:44:24 CDT) Name: Christianne Simmons Title: Chief Transformation Officer I19W.Z11T/011X.1%V11111OC17.7UFRO 111p9[!'1_1p111./ By. %a¢�y Quad Name: Trey Qualls Title: Assistant City Attorney Contract Authorization: M&C: 25-082325-0823 (September 16, 2025); 26-0283�ril16, 2025); 26-0283�ril 28,2026) Form 1295:2025-1329363 Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. By: 6416-i- Name: Crystal Hinojosa Title: Economic Development Manager qol pone°Q0, p� o �� Ad City Secretary: a�,e „t�QexB �Qa na�zP$ a d �f� By. Name: Jannette S. Goodall Title: City Secretary OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX First Amendment to CSC 64230 P a g e 12 Exhibit "A" oily of Fort worth Five Year Service Plan Public lmprovement District No. 21 - Las Vegas Trails FY 25/26 FY 2rd27 FY 27f2a FY 28/29 FV 2WW REVENUES MAssessments S 374.462 S 391177 S 393,M S 412,779 $ 41Z778 COFW Payment in lieu of Services - - - COFW Assessment - - - - - Total Budgeted Revenues $ 374,402 S 393,122 S 32%222 $ 412,779 S 412,778 Use of Fund Balance S - S - S - S - S - Total Revenues S 374.402 S 393,122 S 393.122 S 4IZ778 S 412,77B EXPENSES Management Fee $ 30.444 $ 31.357 $ 3225B S 33.267 $ 34.265 Communications 2.500 2,650 Z601 2,663 2,706 Community Center Operations a2,133 94,597 87,135 89.749 9Z441 Community Enhancement 32.656 33,646 34.6% 35,695 36.766 Public Safety 193.500 214,500 215,000 223.G80 2213,000 Annual Review 6,000 3,000 3,000 3,000 3,000 City Administrative Fee 7,498 7,812 7,862 B266 8,256 Total Budgeted Expenses $ 354,731 $ 377,S12 S 382,551 $ 396,220 $ 403,434 Contribution to Fund Batance S 19.671 $ 15.610 $ 10.571 S 16.556 $ %344 Total Expense $ 374,402 S 393422 $ 393,122 $ 41Z779 S 412,778 Net Change in Fund Balance S 19,671 $ 18.610 $ 10,571 $ 16155a S 9.3" Fund Balance. Beginning of Year $ 44,753 S 64,424 $ 80.034 $ 90.604 $ 107.163 Estimated Fund Balance, End of Year $ 64.424 $ 90,034 $ 90.604 $ 107,163 $ 116.507 Reserve Requirement 62.931 63.771 66.050 67252 67,252 Over tUnder) Reserve $ 1,493 $ is,= S 24,S54 S 39,910 $ 49,255 'FY2026 Assessment Rate = $0.10 First Amendment to CSC 64230 P :i g c 13 M&C Review Page 1 of 3 A CITY COUNCIL AGEND Create New From This M&C Official site of the City of Fort Worth, Texas FORT WORTH �''� m7_A0��, N4J4:74ZIs] :8►19�►�F-iZHi!/_1►TJ14 1010191VAU4 CONSENT PUBLIC HEARING: 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: 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; 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 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 Recommended Amended Line Item Approved FY26 Mid -Year FY26 Budget Budaet Item Adiustment Item D $374,402.00 i l $374,402.00 http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34326&councildate=4/28/2026 5/6/2026 M&C Review Page 2 of 3 Assessments Use of Fund Balance 829.00 (829.00) 0.00 Totals $375,231.00 ($829.00) $374,402.00 Expenditure Adjustments: Line Item Previously Approved FY26 Budget Item Recommended Mid -Year Adjustment Amended FY26 Budget Item Management Fee 1 $30,444.00 $0.0011 $30,444.00 Communications 11 Community Center Operations1 2,500.001 93,133. 0.0011 00.00)11 2,500.00 82,133.00 Community enhancement 11 32,666.001 0.0011 32,666.00 Public Safety 11 206,000.00 (11 500.00)11 193,500.00 Audit/Annual Review 1 3,000.001 3,000.001 6,000.00 City Administrative Fee 11 7,488.001 0.0011 7,488.00 Contribution to Fund Balance 11 0.001 19,671.0011 19,671.00 Totals 11 $375,231.00 ($829.00)11 $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. 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. Fund Department Account Project Program Activity ID I I ID Fund Department Account Project Program Activity ID I I ID Submitted for City Manager's Office bV: Originating Department Head: Budget I Reference # Year I (Chartfield 2' Budget Reference # Year (Chartfield 2' Christianne Simmons (6222) Amount Amount http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34326&councildate=4/28/2026 5/6/2026 M&C Review Page 3 of 3 Additional Information Contact: Brady Kirk (8712) ATTACHMENTS 03PID21 MIDYEAR FY26 funds avail.docx (CFW Internal) ORD.APP 03PID21 MIDYEAR FY26 AO(R3).docx (Public) PID 21 FID Table 2026.03.xlsx (CFW Internal) PID 21 MY SAP FY26.pdf (Public) PID 21 SAP Amendment Ord FY26.DOCX (Public) http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34326&councildate=4/28/2026 5/6/2026 FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: First Service Residential Subject of the Agreement: First Amendment to CSC 64230 FY26 Management Agreement PID 21-Las Vegas Trail M&C Approved by the Council? * Yes 9 No ❑ If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes 8 No ❑ 64230 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No ❑ If unsure, see back page for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No ❑ If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: If different from the approval date. Expiration Date: If applicable. Is a 1295 Form required? * Yes ❑ No W *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes 8 No ❑ Contracts need to be routed for CSO processing in the following order: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department.