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Home My WebLink AboutOrdinance 21446-09-2014 Ordinance No. 21446-09-2014 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 15 FISCAL YEAR 2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $73,767.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2014 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE SUN VALLEY PID DURING FISCAL YEAR 2014-2015; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2014-2015 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Public Improvement District 15 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of $73,767.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2014 Tax Year, for the purpose of providing management and improvement services for the Sun Valley Public Improvement District during Fiscal Year 2014-2015. SECTION 2. That 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. That this ordinance shall be incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2014, and ending September 30, 2015, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 ity Attorney 'Mary'J.K s i S etary ADOPTED AND EFFECTIVE: September 9,2014 City of Fort Worth PROPOSED FIVE YEAR SERVICE PLAN Public Improvement District No. 15 -Sun Valley REVENUES FY14115 FY15116 FY16117 FY17/18 FY18/19 PID Assessments 73,767 75,980 78,259 80,607 83,025 Prior Year's Assessment 17,136 13,633 10,145 7,362 5,320 Total Revenues $ 90,903 $ 89,613 $ 88,404 $ 87,969 $ 88,345 EXPENSES Security Patrol Services 60,000 61,800 63,036 64,297 64,940 -Contract, Wages, Taxes Security Patrol Services 7,000 7,210 7,354 7,501 7,576 -Vehicle, Fuel, R&M, Insurance Management Fee 6,270 6,458 6,652 6,852 7,057 Insurance 500 500 500 500 500 Administrative Costs-Audit/Accou 1,500 1,500 1,500 1,500 1,500 City Administration Fee $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,000 Budget Expenses $ 77,270 $ 79,468 $ 81,042 $ 82,650 $ 83,573 Estimated Operating Reserve $ 13,633 $ 10,145 $ 7,362 $ 5,320 $ 4,772 Total Expenses $ 90,903 $ 89,613 $ 88,404 $ 87,969 $ 88,345 FORT WORTH, Norwo-� Sun Valley Public Improvement District 87 7p- L - ALr [ , P F°- 2B r yTD?ArvieS4f,I_C.K� 287 -i SUN VALLEY wt KALT.ENBRUN ' Ul Ae s00. 1 - O - � I bssON Of ,,,, T "• . 4i coLL ITT L 11 T LEGEND PID 15 SUN VALLEY N 0 0.075 t. 0.9 Mlles Ire 20+14 AN A r z COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THI.c PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAI ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEYAND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY" OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/9/2014 - Ordinance Nos. 21446-09-2014 & 21447-09- 2014 DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-323 LOG NAME: 17PID15FY15PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 15, Sun Valley PID, Concerning the Proposed 2014-2015 Budget in the Amount of$90,903.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2014 Tax Year in the Amount of $73,767.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Special Assessment District Fund in the Amount of$73,767.00 and Authorize Transfer in the Amount of $2,000.00 for Administrative Fees from the Special Assessment District Fund, Public Improvement District 15 Fiscal Year 2014-2015 Project Account to the General Fund and Authorize Execution of an Agreement with ORASI Development, LLC, to Manage the District (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 15, Sun Valley PID, for the 2014 tax year; 2. Approve the attached 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the Sun Valley Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Sun Valley Public Improvement District, subject to assessment for the 2014 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 15 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$73,767.00 from available funds; 5. Authorize a transfer in the amount of $2,000.00 for administrative fees from the Special Assessment District Fund, Public Improvement District 15 Fiscal Year 2014-2015 Project Account to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; and 6. Authorize the execution of an Agreement with ORASI Development, LLC, in the amount of $6,270.00 to provide management and improvement services for the Sun Valley Public Improvement District during Fiscal Year 2014-2015. DISCUSSION: On August 21, 2012, (M&C G-17654) the City Council adopted Resolution No. 4120-08-2012 establishing Fort Worth Public Improvement District 15 (Sun Valley PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2014-2015 Fiscal Logname: 17PID15FY15PBH Page I of 3 Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2014 tax year. Following the public hearing, it is recommended that the City Council approve the attached Budget and Five-Year Service Plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinance allocating estimated receipts to the Sun Valley PID's fund. On August 26, 2014, (M&C BH-315) the City Council conducted a public hearing to receive comments on the proposed Sun Valley PID and the 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the proposed PID. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Sun Valley PID, in accordance with state law. The improvements and services to be provided in the PID during the 2014-2015 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee (Admin.) $ 6,270.00 Security Patrol Services (Wages, Taxes, $60,000.00 Worker's Compensation) Security Patrol Services (Vehicle Fuel, $ 7,000.00 Replacement & Maintenance, Insurance) Audit/Accounting $ 1,500.00 City Administrative Fee $ 2,000.00 Insurance $ 500.00 Budget Expenses $77,270.00 Estimated Operating Reserve $ 13,633.00 Total Expenses $90,903.00 The total budgeted costs of the improvements are in the amount of $90,903.00. Of this amount, $73,767.00 will be funded by assessments collected on privately owned parcels located in the district by levying special assessments at a rate of $0.27 to each $100.00 of property value. The remainder of the costs in the amount of$17,136.00 will be funded from the prior year's assessments. The Sun Valley PID is located in COUNCIL DISTRICT 5. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the Fiscal Year 2014-2015 Budget by the City Council, funds will be available in the Fiscal Year 2015 operating budget, as appropriated, of the Special Assessment District Fund and the General Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 4) GS87 488342 002515012000 $73,767.00 5) GS87 539120 002515012000 $2,000.00 4) GS87 539120 002515012000 $73.767.00 6) GS87 539120 002515012000 $6,270.00 5) GG01 461813 0171000 $2,000.00 CERTIFICATIONS: Logname: 17PID15FY15PBH Page 2 of 3 Submitted for City Manager's Office by:. Fernando Costa (6122) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Ossana Hermosillo (6203) ------- --- Logname: 17PID15FY15PBH Page 3 of 3