The URL can be used to link to this page

Home My WebLink About26-28797 - City Council - OrdinanceORDINANCE 26-28797 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 11 - STOCKYARDS FUND IN THE AMOUNT OF $591,455.00, OF WHICH $591,455.00 IS FROM AVAILABLE FUNDS; 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 11 - Stockyards Fund in the amount of $591,455.00, of which $591,455.00 is from available funds. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: September 15.2026 EFFECTIVE: September 15.2026 Jannette S. Goodall City Secretary �OR duo OO �io OO * OOOO OOO OOOOOOOO AS- f Ordinance No. 26-28797 Page 1 of 1 City of Fort Worth Service and Assessment Plan Public Improvement District No. 11 - Stockyards FY 27 FY 28 FY 29 FY 30 FY 31 REVENUES PID Assessments $ 572,415 $ 589,587 $ 607,275 $ 625,493 $ 644,258 COFW Assessments 19,040 11,700 12,051 12,412 12,784 Total Budgeted Revenues $ 591,455 $ 601,287 $ 619,326 $ 637,905 $ 657,042 Use of Fund Balance $ - $ - $ 24,658 $ 8,214 $ 41,251 Total Revenues $ 591,455 $ 601,287 $ 643,984 $ 646,120 $ 698,293 EXPENSES City Administrative Fee 11,829 12,026 12,387 12,758 13,141 Management Fee 113,588 115,860 117,598 119,362 121,152 Security Enhancements 90,000 120,000 120,000 120,000 120,000 Maintenance &Operations 276,322 300,000 350,000 350,000 400,000 Public Events 16,400 18,000 20,000 20,000 20,000 Marketing& Research 16,000 18,000 20,000 20,000 20,000 Audit and Compliance 4,000 4,000 4,000 4,000 4,000 Total Budgeted Expenses $ 528,139 $ 587,886 $ 643,984 $ 646,120 $ 698,293 Contribution to Fund Balance $ 63,316 $ 13,402 $ - $ - $ - Total Expense $ 591,455 $ 601,287 $ 643,984 $ 646,120 $ 698,293 Net Change in Fund Balance $ 63,316 $ 13,402 $ (24,658) $ (8,214) $ (41,251) Estimated Fund Balance, Beginning of Year $ 326,452 $ 389,768 $ 403,170 $ 378,512 $ 370,298 Estimated Fund Balance, End of Year 389,768 403,170 378,512 370,298 329,047 Reserve Requirement 98,001 107,352 107,708 116,405 116,405 Over (Under) Reserve $ 291,768 $ 295,818 $ 270,804 $ 253,892 $ 212,641 *FY2027 Assessment Rate = $.12 Commercial City of Fort Worth Budget Narrative Public Improvement District No. 11 -Stockyards Management Fee This budget category is for salaries, payroll tax, office supplies, postage, office rent, computer support and office equipment, professional service fees, and insurance. Security Enhancements This budget category is for: Off duty FWPD officers during major events as needed and requested by NW Division for added safety, and ambassadorship, for the lease agreement for the FLOCK camaras in the Stockyards, and the maintenance & repairs of bollards on E Exchange Ave. Maintenance & Operations This budget category is for: This budget category is for: the maintenance and operatrional expenses of public ROW areas throughout the Stockyards Public Events Holiday decorations installation, removal, and storage of East and West Exchange and decorations on N Main between 26th and 23rd Streets. Marketing & Research This budget category is for PID11 to manage and update the Fort Worth Stockyards, Inc. website that promotes the Stockyards and posts PID11 initiatives, budgets, and reports. Audit and Compliance This line item includes costs associated with the annual review, such as the audit, ordinance filings, issuance of required notices, postage, and newspaper publication requirements City Administrative Fee As outlined in the City of Fort Worth PID Policy, City will charge a fee to each O-PID for the annual costs associated with administering the O-PID. This fee will be calculated annually for each O-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 b. $2,000.00 FORT Stockyards Public Improvement District m 30T,H s- Y LGL z J Trrc:LORAINE w .28TH 27TH O 1 26TH 25TH w w O 24TH O ry w 23F w w J IRION_T STOCKYARDS {. #, h Q TY rn n' �:� rF ap �� " �. l EXCHANGE w 23RD w LEGEND N o 'o II PID 11 -STOCKYARDS A O 0 0.075 0.15 0.3 Miles Prepared on: August 19, 2014 COPYRIGHT2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION ISAVIOLATION 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 PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. FORT WORTH. MAYOR AND COUNCIL COMMUNICATION 12.6 PID11 FY27 DATE: 09/15/26 M&C FILE M&C 26-0919 NUMBER: DEPARTMENT: FWLAB SUBJECT (CD 2) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 11 - Stockyards; Adopt the 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 $0.12 Per Each $100.00 of Property Value; Authorize Execution of an Agreement with Fort Worth Stockyards, Inc., in the Amount of $113,588.00 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 11 - Stockyards for the 2026 tax year; 2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2026- 2027 budget in the amount of $591,455.00, five-year service plan, assessment plan, and tax year 2026 assessment roll (on file with the City Secretary) for the Stockyards Public Improvement District; and (2) levying special assessments on privately -owned property located in Stockyards Public Improvement District for the 2026 tax year at a rate of $0.12 per each $100.00 of 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; 4. Authorize the execution of an agreement with Fort Worth Stockyards, Inc., in the amount of $113,588.00 to provide management of the improvements and services for the Stockyards Public Improvement District during Fiscal Year 2026-2027; and 1 of 3 FORT WORTH. 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 11 - Stockyards Fund in the amount of $591,455.00, of which $591,455.00 is from available funds. DISCUSSION On February 25, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public Improvement District 11 - Stockyards (Stockyards 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 Stockyards PID and the proposed assessments to be levied on each property in the Stockyards 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 Stockyards PID and the costs thereof are as follows: Fiscal Year 2027 Budget Improvements Total Budgeted Cost City Administrative Fee $11,829.00 Management Fee 113,588.00 Security Enhancements 90,000.00 Maintenance & Operations 276,322.00 Public Events 16,400.00 Marketing & Research 16,000.00 Audit and Compliance 4,000.00 Contribution to Fund Balance 63,316.00 Total Expense $591,455.00 The total budgeted costs of the improvements and services are in the amount of $591,455.00 of this amount, $572,415.00 will be funded by assessments collected on privately -owned parcels located in the Stockyards PID by applying a rate of $0.12 per each $100.00 of property value. The remainder $19,040.00 of costs will be funded from the City for payment in lieu of Assessments. On, August 25, 2026, the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2026-2027 budget, five-year service plan, and 2026_ assessment for the Stockyards 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 2 of 3 FORT WORTH. and liable for assessment within the Stockyards PID on August 14, 2026, in accordance with state law. Funding will be budgeted within the FWPID #11 - Stockyards Fund for Fiscal Year 2027. The Stockyards PID is located in COUNCIL DISTRICT 2. 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 #11 - Stockyards 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 11 F Y 27 SA Pv FINAL [12.6.1 - 2 pages] 2. PID 11 Ortho Map [12.6.2 - 1 page] 3. PID 11 SAP and Assessment Ordinance FY27 [12.6.3 - 9 pages] 4. 03PID11 FY27 AO [12.6.5 - 1 page] 3 of 3