HomeMy WebLinkAbout26-28703 - City Council - OrdinanceORDINANCE 26-28703
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WALSH RANCH PID CUSTODIAL FUND IN THE
AMOUNT OF $94,000.00, TO BE RECEIVED FROM THE DEVELOPER OF
PUBLIC IMPROVEMENT DISTRICT NO. 16, WALSH RANCH/QUAIL VALLEY,
AS A DEPOSIT TO COVER ANTICIPATED EXPENSES ASSOCIATED WITH
ADMINISTRATION OF THE SPECIAL ASSESSMENTS ON IMPROVEMENT
AREA NO. 4; 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 Walsh Ranch
PID Custodial Fund in the amount of $94,000.00, to be received from the developer of Public Improvement
District No. 16, Walsh Ranch/Quail Valley, as a deposit to cover anticipated expenses associated with
administration of the special assessments on Improvement Area No. 4.
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of said prior ordinances and appropriations are hereby expressly repealed.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: Auuust 25. 2026
EFFECTIVE: August 25. 2026
Jannette S. Goodall
City Secretary
Ordinance No. 26-28703
A
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FORT WORTH
MAYOR AND COUNCIL COMMUNICATION
7.1.1 03PID16 IA4 APPROPRIATION
DATE: 08/25/26 M&C FILE NUMBER: M&C 26-0817
DEPARTMENT: FWLAB
SUBJECT
(CD 3) Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in
the Walsh Ranch Public Improvement District No. 16 Custodial Fund by $94,000.00, to be
Received from the Developer of Public Improvement District No. 16, Walsh Ranch/Quail Valley,
as a Deposit to Cover Anticipated Expenses Associated with Administration of Special
Assessments on Improvement Area No. 4
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance
increasing estimated receipts and appropriations in the Walsh Ranch PID Custodial Fund in
the amount of $94,000.00, to be received from the developer of Public Improvement District
No. 16, Walsh Ranch/Quail Valley, as a deposit to cover anticipated expenses associated with
administration of the special assessments on Improvement Area No. 4.
DISCUSSION
The purpose of this Mayor and Council Communication (M&C) is to appropriate funds in the
amount of $94,000.00, to be received from the developer as a deposit of Public Improvement
District (PID) No. 16, Walsh Ranch/Quail Valley to cover the City's expected expenses
associated with administration of the special assessments on Improvement Area No. 4.
On May 12, 2026, the City Council adopted an Ordinance levying special assessments on
Improvement Area No. 4 (Ordinance No. 28524-05-2026). Because Improvement Area No. 4
was recently levied, no assessment revenue has yet been billed or collected for that area in
Fiscal Year (FY) 2026; this deposit is funded directly by the developer, not by assessment
proceeds. Beginning in FY2027, PID No. 16 will be funded through the normal assessment
collection process.
This M&C does not request approval of a contract with a business entity.
FISCAL IN FORMATION/CERTIFICATION
The Director of Finance certifies that upon approval of the above recommendation and
adoption of the attached appropriation ordinance, funds will be deposited into the Walsh
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FORT WORTH
Ranch PID Custodial Fund as appropriated. The FWLab Department (and Financial
Management Services) is responsible for the collection and deposit of funds due to the City.
Prior to an expense being incurred, the FWLab Department also has the responsibility to
validate the availability of funds.
SUBMITTED FOR CITY MANAGER'S OFFICE BY: Christianne Simmons, # 6222
ORIGINATING BUSINESS UNIT HEAD: Christianne Simmons, # 6222
ADDITIONAL INFORMATION CONTACT: Brady Kirk, # 8712
ATTACHMENTS
1. 03PID16 IA4 Appropriation AO [7.1.1.1 - 2 pages]
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