HomeMy WebLinkAbout26-28763 - City Council - OrdinanceAN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE VEALE RANCH PUBLIC IMPROVEMENT
DISTRICT FUND BY A TOTAL OF $128,775.38, FROM 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 Veale Ranch
Public Improvement District Fund by a total of $128,775.38, from 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of said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED: September 15.2026
EFFECTIVE: September 15.2026
Jannette S. Goodall
City Secretary
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Ordinance No. 26-28763
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FORT WORTH.
MAYOR AND COUNCIL COMMUNICATION
7.1.27 PID22 DEVELOPER REIMBURSEMENT
DATE: 09/15/26 M&C FILE NUMBER: M&C 26-0879
DEPARTMENT: FWLAB
SUBJECT
(CD 3 and ETJ) Adopt Appropriation Ordinance Increasing Estimated Receipts and
Appropriations in the Veale Ranch Public Improvement District No. 22 Fund by $128,775.38,
From Unreserved Fund Balance
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance
increasing estimated receipts and appropriations in the Veale Ranch Public Improvement
District Fund by a total of $128,775.38, from unreserved fund balance.
DISCUSSION
The purpose of this Mayor and Council Communication (M&C) is to appropriate funds in the
amount of $128,775.38, from available unreserved fund balance to issue a refund for unused
fee balance from the applicants of Public Improvement District (PID) No. 22, Veale Ranch, and
to transfer the remaining balance of interest earned to the General Fund.
On June 5, 2023, the City Council received a petition requesting establishment of the Veale
Ranch PID (Petition). On June 11, 2023, the City Council adopted a Resolution accepting the
filling of the Petition (Resolution No. 5766-06-2023). As part of the acceptance of the petition,
the Capital PID Policy requires the applicants to pay the City $150,000.00 as reimbursement
for costs incurred by the City for the external evaluation of the Petition. This fee serves to
reimburse the City for various costs, including consultant fees, bond attorney fees,
independent appraisal fees, and engineering costs. Costs incurred for these services may be
reimbursed from a debt issuance, if applicable, within the limits of state and federal laws and
the defined restrictions in the Policy.
Of the original amount, $115,000.00 will be refunded to the applicant and approximately
$13,775.38 in interest earnings will be transferred to the General Fund.
This M&C does not request approval of a contract with a business entity, therefore, a Form
1295 is not required.
The Veale Ranch PID is located in COUNCIL DISTRICT 3 an ETJ.
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FORT WORTH.
FISCAL INFORMATION/CERTIFICATION
The Director of Finance certifies that funds are currently available in fund balance within the
FWPID #22 - Veale Ranch Fund and upon approval of the above recommendation and
adoption of the attached appropriation ordinance, funds will be available in the FWPID #22 -
Veale Ranch Fund. Prior to an expenditure being incurred, the FWLab Department has the
responsibility of verifying 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. 03PID22 Developer Reimbursement AO [7.1.27.2 - 1 page]
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