Loading...
HomeMy WebLinkAbout26-28809 - City Council - OrdinanceCe '71 I `[J►[�J �i!► :lily AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 21 - LAS VEGAS TRAIL FUND IN THE AMOUNT OF $303,944.00; 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 21 - Las Vegas Trail Fund in the amount of $303,944.00. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Sentember 15.2026 EFFECTIVE: September 15.2026 Jannette S. Goodall City Secretary a aOo°� O/ 00o 41 ° ° ��ti SEX Al Ordinance No. 26-28809 Page 1 of 1 City of Fort Worth Service and Assessment Plan Public Improvement District No. 21 - Las Vegas Trail FY 27 FY 28 FY 29 REVENUES PID Assessments $ 303,944 $ 313,062 $ 322,454 Total Budgeted Revenues $ 303,944 $ 313,062 $ 322,454 Total Revenues $ 303,944 $ 313,062 $ 322,454 EXPENSES City Administrative Fee 6,079 6,261 6,449 Management Fee 30,444 31,357 32,298 Litter Pickup 32,921 33,579 34,251 Community Center Operations 81,000 90,000 104,000 Security 110,400 125,000 140,000 Audit & Compliance 4,686 4,700 5,000 Total Budgeted Expenses $ 265,530 $ 290,898 $ 321,998 Contribution to Fund Balance $ 38,414 $ 22,164 $ 456 Total Expense $ 303,944 $ 313,062 $ 322,454 Net Change in Fund Balance $ 38,414 $ 22,164 $ 456 Estimated Fund Balance, Beginning of Year $ 10,328 $ 48,742 $ 70,907 Estimated Fund Balance, End of Year 48,742 70,907 71,363 Reserve Requirement 48,493 53,677 53,677 Over (Under) Reserve $ 249 $ 17,230 $ 17,686 *FY2027 Assessment Rate = $.10 Commercial City of Fort Worth Budget Narrative Public Improvement District No. 21- Las Vegas Trail Management Fee This line item covers the costs associated with the effective management of PID 21. It includes the manager's salary and benefits, accounting and administrative support, and office rent. Community Enhancement This budget supports regular trash pickup and garbage can removal throughout the community. Upspire performs twice -weekly visits, removing over 22 bags of trash —approximately 1,000 pounds —each week to maintain a clean and welcoming environment. Community Center Operations Covers staffing and operational costs for the LVTRise Community Center, supporting its day-to-day functions and services for residents. Security This line item funds off -duty patrols to supplement the Fort Worth Police Department. With the current budget, approximately 1,350 additional patrols can be provided throughout the community to enhance safety and visibility. Audit & 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 W a % Thorny r \ Ridge G th'estwind -1vtt7.T CAS �. ('— C Imont ti4 ►t .d, CAMP BOWIE WEST II" Western 4.�,.� - �' -- Hills_ I Benbrook „ If FORT WORTH, PI D 21: Las Vegas Source: Planning and Data Anal Date: September 2021 ©Copyright 2021 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This product is far 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 propery boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data. 0 1,000 2,000 4,000 Feet N I I I I 1 I I I FORT WORTH. MAYOR AND COUNCIL COMMUNICATION 12.12 PID21 FY27 DATE: 09/15/26 M&C FILE M&C 26-0939 NUMBER: DEPARTMENT: FWLAB SUBJECT (CD 3) Conduct Public Benefit Hearing for Fort Worth Public Improvement District 21 - Las Vegas Trail, 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 $0.10 Per Each $100.00 of Property Value, Authorize Execution of an Agreement with FirstService Residential Texas PID, LLC., in the Amount of $30,444.00 to Manage the Fort Worth Public Improvement District 21 - Las Vegas Trail, 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 21 - Las Vegas Trail for the 2026 tax year; 2. Adopt the attached ordinance (1) approving and adopting the Fiscal Year 2026-2027 budget in the amount of $303,944.00, five-year service plan, assessment plan, and tax year 2026 assessment roll (on file with the City Secretary) for the Las Vegas Trail Public Improvement District; and (2) levying special assessments on privately -owned property located in the Las Vegas Trail Public Improvement District for the 2026 tax year at the rates of $0.10 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 FirstService Residential Texas PID, LLC., in the amount of $30,444.00 to provide management of the improvements and services for the Las Vegas Trail 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 21 - Las Vegas Trail Fund in the amount of $303,944.00. DISCUSSION On June 22, 2021, the Mayor and City Council adopted Resolution No. 5428-06-2021 establishing Fort Worth Public Improvement District No. 21, Las Vegas Trail (Las Vegas Trail 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 Las Vegas Trail PID and the proposed assessments to be levied on each property in the Las Vegas Trail 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 Las Vegas Trail PID during the 2026- 2027 Fiscal Year and the costs thereof are as follows: Fiscal Year 2027 Budget Improvements City Administrative Fee Management Fee Litter Pickup Community Center Operations Security Audit & Compliance Contribution to Fund Balance Total Expenses Total Budgeted Cost $ 6,079.00 30,444.00 32,921.00 81,000.00 110,400.00 4,686.00 38,414.00 $303,944.00 The total budgeted costs of the improvements and services are in the amount of $303,944.00. Of this amount, $303,944.00 will be funded by assessments collected on privately owned parcels located in the Las Vegas Trail PID by applying a rate of $0.10 per each $100.00 of property value. 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 Las Vegas Trail PID. Notice of the August 25, 2026, benefit hearing and this hearing were 2 of 3 FORT WORTH„ published in the Fort Worth Star -Telegram and mailed to all owners of property on record in the Las Vegas Trail PID on August 14, 2026, in accordance with state law. This PID's service plan reflects a shorter term of 3 years because the district's authorization expires in 2029. In accordance with Texas Local Government Code 372.013, service plans are required to cover at least five years; however, this plan has been tailored to align with the remaining duration of the PID's remaining term. Funding will be budgeted within the FWPID #21 - Las Vegas Trail Fund for Fiscal Year 2027. The Las Vegas Trail PID is located in COUNCIL DISTRICT 3. 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 #21 - Las Vegas Trail 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 21 F Y 27 SA Pv FINAL [12.12.1 - 2 pages] 2. PID 21 Ortho Map [12.12.2 - 1 page] 3. PID21 SAP and Assessment Ordinance [12.12.3 - 10 pages] 4. 03PID21 FY27 AO [12.12.5 - 1 page] 3 of 3