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Home My WebLink AboutOrdinance 21442-09-2014 Ordinance No. 21442-09-2014 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 12 FISCAL YEAR 2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $68,829.00, 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 CHAPEL HILL PUBLIC IMPROVEMENT DISTRICT 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 12 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$68,829.00, 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 Chapel Hill 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: l ssistant City Attorney ary J. K y i ecr ADOPTED AND EFFECTIVE: September 9, 2014 City of Fort Worth PROPOSED FIVE YEAR SERVICE PLAN Public Improvement District#12 -Chapel Hill FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 REVENUE PID Assessments 68,829 70,890 73,000 75,100 77,300 Prior Year's Assessments 5,283 16,102 23,682 24,042 21,762 Total Revenues $ 74,112 $ 86,992 $ 96,682 $ 99,142 $ 99,062 EXPENSES Management Fee 8,000 8,000 10,000 10,000 10,000 Water 18,500 19,425 20,400 21,420 22,500 Utilities 900 945 1,000 1,050 1,110 Landscape & Lakes Maintenance 18,000 18,900 19,850 20,850 21,900 Fence Maintenance 2,000 1,500 2,000 2,000 2,000 Security/Code Blue Programs 3,500 3,500 3,500 3,500 3,500 Communications/Newsletters 500 600 600 1,000 1,200 Social Programs/Holiday Lighting 1,000 1,500 1,600 3,000 3,000 Capital Improvements - - 3,500 4,000 4,000 Replacements - 3,000 4,000 4,000 4,000 Insurance 2,810 3,040 3,290 3,560 3,850 Annual Review(Audit) 800 900 900 1,000 1,000 City Administration Fee _ 2,000 2,000 _ 2,000 2,000 2,000 Budget Expenses $ 58,010 $ 63,310 $ 72,640 $ 77,380 $ 80,060 Estimated Operating Reserve 16,102 23,682 24,042 21,762 19,002 Total Expense 74,112 86,992 96,682 99,142 99,062 FORT WORTH. Chapel Hill Public Improvement District 7 + .y , 2 -- I rL r CSI li rl, }� iFk S-1'� J i - 4- F !9 � 4 T_ � f f IT IIA Cr Y ! {' ... 4 LEGEND t w ,+"ter- FIR • - - PID 12 - CHAPEL HILL 4 0 0.225 0.45 0.9 Miles *. ' •`" B[�1 T s ,° ,ra cared ern.Au ust 10 2014 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A V10LATI0 N OF APPLICABLE LAWS. THI: PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PRF PAR ED FOR OR BE SUITABLE FOR LEGAI ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENT AN ON-THE-GROUND SURVEY AND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE [PITY 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. 21442-09-2014 & 21443-09- 2014 DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-321 LOG NAME: 17PID12FY15PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 12, Chapel Hill PID, Concerning the Proposed 2014-2015 Budget in the Amount of$74,112.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2014 Tax Year in the Amount of $68,829.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Special Assessment District Fund in the Amount of$68,829.00 and Authorize Transfer in the Amount of $2,000.00 for Administrative Fees from the Special Assessment District Fund, Public Improvement District 12 Fiscal Year 2014-2015 Project Account to the General Fund and Authorize Execution of an Agreement with Capital Consultants Management Corporation to Manage the District (COUNCIL DISTRICT 7) 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 12, Chapel Hill Public Improvement District, for the 2014 tax year; 2. Approve the attached Fiscal Year 2014-2015 Budget and Five-Year Service Plan for the Chapel Hill Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Chapel Hill 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 12 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$68,829.00 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 12 Fiscal Year 2014-2015 Project Account to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; 6. Authorize the execution of an Agreement with Capital Consultants Management Corporation in the amount of $8,000.00 to provide management and improvement services for the Chapel Hill Public Improvement District during Fiscal Year 2014-2015. DISCUSSION: On March 23, 2004, the City Council adopted Resolution No. 3060 establishing Fort Worth Public Improvement District 12 (Chapel Hill PID). Logname: 17PID12FY15PBH Page I of 3 The purpose of this benefit hearing is to receive comments from the public regarding the 2014-2015 Fiscal 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 District's fund. On August 26, 2014, (M&C BH-313) the City Council conducted a public hearing to receive comments on the proposed 2014-2015 Fiscal Year Budget and Five-Year Service Plan. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Chapel Hill 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 $ 8,000.00 Water $18,500.00 Utilities $ 900.00 Landscape Maintenance $18,000.00 Program Fence Maintenance $ 2,000.00 Security/Code Blue Programs $ 3,500.00 Communications/Newsletters $ 500.00 Social Programs/Holiday Lighting $ 1,000,00 Insurance $ 2,810.00 Annual Review (Audit) $ 800.00 City Administration Fee $ 2,000.00 Budget Expenses $58,010.00 Estimated Operating Reserve $16,102.00 Total Expenses $74,112.00 The total budgeted costs of the improvements are in the amount of $74,112.00. Of this amount, $68,829.00 will be funded by assessments collected on privately owned parcels located in the District by applying a rate of$0.19 cents to each $100.00 of property value for commercial property. The remainder of the costs in the amount $5,283.00 will be funded by prior year's assessments. The Chapel Hill PID is located in COUNCIL DISTRICT 7. 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 to include the above recommended item(s), 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: Logname: 17PID12FY15PBH Page 2 of 3 TO Fund/Account/Centers FROM Fund/Account/Centers 4) GS87 488342 002512003000 $68,829.00 5) GS87 539120 002512003000 $2,000.00 4) GS87 539120 002512003000 $68.829.00 6) GS87 539120 002512003000 $8,000.00 5) GG01 461813 0171000 $2,000.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Ossana Hermosillo (6203) Logname: 17PID12FY15PBH Page 3 of 3