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HomeMy WebLinkAbout26-28795 - City Council - OrdinanceORDINANCE 26-28795 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 7 -HERITAGE FUND IN THE AMOUNT OF $2,480,600.00, OF WHICH (1) $2,312,117.00 IS FROM AVAILABLE FUNDS AND (2) $168,483.00 IS FROM AVAILABLE UNRESERVED FUND BALANCE; 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 Fort Worth Public Improvement District 7 -Heritage Fund in the amount of $2,480,600.00, of which (1) $2,312,117.00 is from available funds and (2) $168,483.00 is from available unreserved fund balance. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Jannette S. Goodall Assistant City Attorney City Secretary �odO(� FOOOO R ADOPTED: September 15, 2026 EFFECTIVE: September 15, 2026 %* °OO °O ,vim °°OOOOOO a� nEXA5a�a Ordinance No. 26-28795 Page 1 of 1 Kingsridge West Kingsridg Sunset Crawford Hills ., Farms HER,,. cF 9c F I I III j f I I North JI / Ninnie Baird Arcadia Trail North PID7: 7: Heritage Coventry Hills Vie yards of Heritage FORT WORTH© Source: Planning and Data Analytics Date: July 2020 OCopyright 2020 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on -the -ground survey and represents only the approximate relative location of property boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data. 0 1,250 2,500 5,000 Feet N I I I I I I I FY 27 REVENUES PID Assessments $ 2,013,117 COFW Assessments 23,900 COFW Payment In -Lieu of Services 274,050 PID Generated Revenue 1,050 Total Budgeted Revenues $ 2,312,117 Use of Fund Balance $ 168,483 Total Revenues $ 2,480,600 EXPENSES City Administrative Fee 46,242 Management Fee 192,205 Association Employee 68,694 Landscaping 1,059,527 Common Area Maintenance 140,806 Security 102,173 Utitilies 283,850 Captial Improvements 484,420 Public Events 92,000 Audit & Compliance 10,683 Total Budgeted Expenses $ 2,480,600 Contribution to Fund Balance $ - Total Expense $ 2,480,600 Net Change in Fund Balance $ (168,483) Estimated Fund Balance, Beginning of Year $ 754,669 Estimated Fund Balance, End of Year 586,186 Reserve Requirement 415,715 Over (Under) Reserve $ 170,471 City of Fort Worth Service and Assessment Plan Public Improvement District No. 7 - Heritage FY 28 FY 29 FY 30 FY 31 $ 2,037,114 $ 2,125,850 $ 2,243,204 $ 2,389,343 20,707 20,707 20,707 20,707 282,272 290,740 299,462 308,446 1,050 1,050 1,050 1,050 $ 2,341,143 $ 2,438,347 $ 2,564,423 $ 2,719,546 $ 152,650 $ - $ 56,057 $ - $ 2,493,793 $ 2,438,347 $ 2,620,480 $ 2,719,546 46,823 48,767 51,288 54,391 197,971 199,951 201,950 203,970 70,755 71,462 72,177 72,899 1,060,000 1,090,000 1,120, 000 1,150, 000 144,000 145,000 250,000 300,000 104,216 105,259 106,311 107,374 283,500 286,335 289,198 292,090 483,846 139,460 425,025 350,000 92,000 92,920 93,849 94,788 10,682 10,681 10,680 10,679 $ 2,493,793 $ 2,189,835 $ 2,620,480 $ 2,636,191 $ - $ 248,512 $ - $ 83,355 $ 2,493,793 $ 2,438,347 $ 2,620,480 $ 2,719,546 $ (152,650) $ 248,512 $ (56,057) $ 83,355 $ 586,186 $ 433,536 $ 682,047 $ 625,991 433,536 682,047 625,991 709,346 365,045 436,834 439,453 439,453 $ 68,490 $ 245,213 $ 186,538 $ 269,893 *FY2027 Assessment Rate = $.145 Residential/ $.145 Commercial City of Fort Worth Budget Narrative Public Improvement District No. 7- Heritage City Administrative Fee As outlined in the City of Fort Worth PID Policy, City will charge a fee to each 0-PID for the annual costs associated with administering the O-PID. This fee will be calculated annually for each 0-PID to be the greater of: a. 2% of the projected externally generated revenue for that year, to include special assessments and any City contributions; or Management Fee Provides professional management services including financial administration, contract oversight, project management, vendor coordination, meeting administration, communications, website management, and coordination with City staff. These services support efficient district operations, implementation of the Service Plan, and compliance with City requirements. Association Employee Funds field operations staff dedicated to supporting inspections, maintenance oversight, vendor coordination, project monitoring, work order response, and operational support throughout the district. These positions enhance service responsiveness and assist in maintaining public eligible properties and eligible HOA-maintained properties within Heritage PID No. 7 boundaries. Landscaping Supports landscape maintenance, irrigation management, tree care, seasonal color enhancements, landscape repairs, replacement of plant materials, environmental compliance activities, and landscape enhancement projects throughout the district. Funding also includes the annual TreePlotter software subscription utilized for tree inventory management, maintenance planning, and long-term asset management. These services enhance community appearance, public safety, and preservation of landscaped areas within Heritage PID No. 7. Common Area Maintenance Provides funding for maintenance and repair of lakes, fountains, lighting, fencing, walls, monuments, street signs, holiday decor, and other common area improvements. These services support infrastructure preservation, public safety, community appearance, and long-term maintenance of public eligible properties and eligible HOA- maintained properties within Heritage PID No. 7. Security Supports public safety initiatives through off -duty police patrols, mileage reimbursement, and Flock Safety License Plate Recognition cameras. These programs assist law enforcement, deter criminal activity, support investigations, and promote a safe environment for residents and visitors throughout the district. Utitilies Funds electric, water, and communication services necessary to support irrigation systems, monument lighting, common area infrastructure, and operational coordination. Reliable utility services are essential to maintaining district improvements, irrigation systems, and landscaped areas throughout Heritage PID No. 7. City of Fort Worth Budget Narrative Captial Improvements Supports long-term infrastructure preservation and enhancement projects identified through the district's Five - Year Service Plan. Planned investments include the Exposition Way Slope Stabilization Project and Keating St. retaining wall reconstruction. These improvements are intended to improve safety, functionality, appearance, and long-term sustainability throughout the district while protecting public and eligible HOA-maintained improvements located within PID boundaries. Public Events Provides funding for community events, event deposits, and related programming that encourage resident participation, strengthen community identity, and enhance quality of life within Heritage PID No. 7. Planned events include Freedom Fest, Winter Wonderland, the annual Fishing Event, and other approved community programming designed to foster community engagement, neighborhood pride, and positive interaction among residents. Audit & Compliance Provides funding for the annual independent financial audit, state compliance filings, required public notices, assessment administration services, and district website hosting. These services support financial transparency, regulatory compliance, property owner communications, assessment collection, and overall administration of the district. FORT WORTH. MAYOR AND COUNCIL COMMUNICATION 12.5 PID07 FY27 DATE: 09/15/26 M&C FILE M&C 26-0918 NUMBER: DEPARTMENT: FWLAB SUBJECT (CD 4 and CD 10) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 7 - Heritage; Adopt the Attached Ordinance (1) Approving and Adopting the Fiscal Year 2026- 2027 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2026 Assessment Roll, and (2) Levying Special Assessments for the 2026 Tax Year at a Rate of $0.145 Per Each $100.00 of Residential Property Value and $0.145 Per Each $100.00 of Commercial Property Value; Authorize Execution of Agreement with Castle Group Texas, LLC, in the Amount of $192,205.00 to Manage the Public Improvement District; and Adopt Appropriation Ordinance (PUBLIC HEARING - a. Staff Available for Questions: Lacey M. Ruiz; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C) RECOMMENDATION It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Fort Worth Public Improvement District 7 - Heritage for the 2026 tax year; 2. Adopt the attached ordinance (1) approving and adopting the fiscal year 2026-2027 budget in the amount of $2,480,600.00, five-year service plan, assessment plan, and tax year 2026 assessment roll (on file with the City Secretary) for the Heritage Public Improvement District; and (2) levying special assessments on privately -owned property located in the Heritage Public Improvement District for the 2026 tax year at the rates of $0.145 per each $100.00 of residential property value and $0.145 per each $100.00 of commercial property value (Service Assessment Plan and Assessment Ordinance); 3. Direct the City Secretary to record a copy of the Service Assessment Plan and Assessment Ordinance in the real property records of Tarrant County, Texas no later than the seventh (7th) day after adoption by the City Council; 1 of 3 FORT WORTH. 4. Authorize the execution of an agreement with Castle Group Texas, LLC, in the amount of $192,205.00 to provide management of the improvements and services for the Heritage Public Improvement District during Fiscal Year 2026-2027, including Eligible Locations map and associated eligibility requirements; and 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 7 - Heritage Fund in the amount of $2,480,600.00, of which (1) $2,312,117.00 is from available funds and (2) $168,483.00 is from available unreserved fund balance. DISCUSSION On September 26, 2000, the City Council adopted Resolution No. 2675 establishing Fort Worth Public Improvement District No. 7 - Heritage (Heritage PID). The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2026-2027 budget and five-year service plan for the Heritage PID and the proposed assessments to be levied on each privately -owned property in the Heritage PID for the 2026 tax year. Following the public hearing, it is recommended that the City Council take the following actions: adopt the attached ordinances (1) approving and adopting the budget, five-year service plan, assessment plan, and assessment roll; (2) levying the proposed assessments; and (3) appropriating funds. The improvements and services to be provided in the Heritage PID during the Fiscal Year 2026-2027 and the costs thereof are as follows: Fiscal Year 2027 Budget Improvements Total Budgeted Cost City Administrative Fee $46,242.00 Management Fee 192,205.00 Association Employee 68,694.00 Landscaping 1,059,527.00 Common Area Maintenance 140,806.00 Security 102,173.00 Utilities 283,850.00 Capital Improvements 484,420.00 Public Events 92,000.00 Audit & Compliance 10,683.00 Total Expense $2,480,600.00 The total budgeted costs of the improvements are in the amount of $2,480,600.00. Of this amount, $2,013,117.00 will be funded by assessments collected on privately owned parcels 2 of 3 FORT WORTH. located in the Heritage PID by applying a rate of $0.145 per each $100.00 of property value for residential property and $0.145 per each $100.00 of property value for commercial property, representing an increase of two cents over the prior year. The remainder of the costs in the amount of $467,483.00 will be funded by other revenue sources including: (a) $274,050.00 in direct payments from the City for payment in lieu of services (b) $23,900.00 in direct payment from the City for payment in lieu of assessments, which are calculated at the same rate as privately -owned parcels (c) $168,483.00 transferred from the unaudited, unassigned fund balance, and (d) $1,050.00 in revenues generated by Heritage PID activities. On August 25, 2026, the City Council conducted a public hearing to receive comments on the proposed 2026-2027 Fiscal Year Budget, Five -Year Service Plan, and 2026 Assessments for the Heritage PID. Notice of the August 25, 2026, benefit hearing and this hearing were published in the Fort Worth Star -Telegram and mailed to all owners of property on record in the Heritage PID on August 14, 2026, in accordance with state law. Funding will be budgeted within the FWPID #7 - Heritage Fund for Fiscal Year 2027. The Heritage PID is located in COUNCIL DISTRICTS 4 & 10. This contract requires a Form 1295. FISCAL INFORMATION/ CERTIFICATION The Director of Finance certifies that upon approval of the above recommendations and adoption of the Fiscal Year 2027 Budget by the City Council, funds will be available in the Fiscal Year 2027 operating budget, as appropriated, in the FWPID #7 - Heritage Fund. Prior to an expenditure being incurred, the FWLab 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. PID 07 F Y 27 SAP DRAF Tv FINAL [12.5.2 - 3 pages] 2. PID 07 Ortho Map [12.5.3 - 1 page] 3. PID 07 SAP and Assessment Ordinance FY27 [12.5.5 - 10 pages] 4. 03PID07 FY27 AO [12.5.6 - 2 pages] 3 of 3