The URL can be used to link to this page

Home My WebLink AboutOrdinance 21438-09-2014 Ordinance No. 21438-09-2014 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 8 FISCAL YEAR 2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $449,808.00, 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 CAMP BOWIE CORRIDOR 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 8 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$449,808.00, 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 Camp Bowie Corridor 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: ��1 f Assistant City Attorney Mary J.K i Secr ADOPTED AND EFFECTIVE: September 9,2014 City of Fort Worth PROPOSED FIVE YEAR SERVICE PLAN Public Improvement District No. 8 -Camp Bowie REVENUES FY14/15 FY15116 FYI 6/17 FY17/18 FY18/19 PID Assessments $ 410,047 $415,000 $ 420,000 $425,000 $ 430,000 City Payment in-lieu of Services $ 39,761 $ 39,761 $ 39,761 $ 39,761 $ 39,761 Prior Year's Assessment $ 47,520 $ 51,867 $ 76,567 $ 77,167 $ 69,167 Total Revenues $ 497,328 $-506,628 $ 536,328 $541,928 $ 538,928 EXPENSES Management Fee $ 74,000 $ 83,000 $ 84,000 $ 85,000 $ 86,000 Water $ 16,000 $ 18,000 $ 20,000 $ 22,000 $ 24,000 Utilities $ 2,500 $ 2,500 $ 3,500 $ 4,000 $ 4,500 Landscape Management Fee $ 39,000 $ 39,000 $ 39,000 $ 39,000 $ 39,000 Median/ROW Mowing $ 47,261 $ 47,261 $ 47,261 $ 47,261 $ 47,261 Landscape Maintenance $ 43,500 $ 50,000 $ 75,000 $ 85,000 $ 95,000 Beautification $ 2,000 $ 90,000 $ 90,000 $ 90,000 $ 70,000 Capital Improvements $ 134,000 $ - $ - $ - $ - Marketing $ 62,500 $ 75,000 $ 75,000 $ 75,000 $ 75,000 Insurance $ 4,500 $ 5,000 $ 5,000 $ 5,000 $ 5,000 Annual Review(Audit) $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 City Administrative Fee $ 8,200 $ 8,300 $ 8,400 $ 8,500 $ 8,600 Budget Expenses $ 445,461 $430,061 $ 459,161 $472,761 $ 466,361 Estimated Operating Reserve $ 51,867 $ 76,567 $ 77,167 $ 69,167 $ 72,567 Total Expenses $ 497,328 $506,628 $ 536,328 $541,928 $ 538,928 FORT WORTH %%ore— Camp Bowie Public Improvement District CD7 . CD 9 �X CD 3 e 37 B3 ?� — J •1r 0HrTE•S15TTLE "F LE .�o Y � c+r 4ik d�pp r IF13(7"_ � t rl • '� - � � _ off ' � � , it o U 7-1F' E 1 `.. j , ou TfL a r . � t rr -- fI Y l �-r•I r ! 1 Ip ` # r+ 4 ` LEGEND PID 8 — CAMP BOWIE —�.IFI tC S p 0.5 1 2 Miles f Prepared on: August 19, 2014 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIc PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED 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 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. 21438-09-2014 & 21439-09- 2014 DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-319 LOG NAME: 17PID8FY15PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 8, Camp Bowie Corridor PID, Concerning the Proposed 2014-2015 Budget in the Amount of$497,328.00 and Five-Year Service Plan and Proposed Assessment Roll, Authorize Transfer in the Amount of$39,761.00 from the General Fund to the Special Assessment District Fund for the City's Payment in Lieu of Services, Adopt Ordinance Levying Special Assessments for the 2014 Tax Year in the Amount of$410,047.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Special Assessment District Fund in the Amount of $449,808.00 and Authorize Transfer in the Amount of$8,200.00 for Administrative Fees from the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2014-2015 Project Account to the General Fund and Authorize Execution of an Agreement with Camp Bowie District, Inc., to Manage the District (COUNCIL DISTRICTS 3 and 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 8, Camp Bowie Corridor Public Improvement District for the 2014 tax year; 2. Approve the attached Fiscal Year 2014-2015 Budget and Five-Year Service Plan for the Camp Bowie Corridor Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property in the Camp Bowie Corridor Public Improvement District, subject to assessment for the 2014 tax year; 4. Authorize a transfer in the amount of $39,761.00 from the General Fund to the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2014-2015 Project Account for the City's Payment In-Lieu of Services; 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 8 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in the amount of$449,808.00 from available funds; 6. Authorize a transfer in the amount of $8,200.00 for administrative fees from the Special Assessment District Fund, Public Improvement District 8 Fiscal Year 2014-2015 Project Account to the General Fund contingent upon the adoption of the attached ordinance levying assessments; and 7. Authorize the execution of an Agreement with Camp Bowie District, Inc., in the amount of $74,000.00 to provide management and improvement services for the Camp Bowie Corridor Public Improvement District during Fiscal Year 2014-2015. Logname: 17PID8FY15PBH Page I of 3 DISCUSSION: On December 16, 2008, (M&C G-16380) the City Council adopted Resolution No. 3697-12-2008 reestablishing Public Improvement District 8 (Camp Bowie Corridor PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2014 tax year. Following the public hearing, it is recommended that the City Council approve the attached Budget and Five-Year Service Plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinance allocating estimated receipts to the Camp Bowie Corridor PID's fund. On August 26, 2014, (M&C BH-311) the City Council conducted a public hearing to receive comments on the proposed 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the PID. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Camp Bowie Corridor PID, in accordance with state law. The improvements and services to be provided in the PID and the costs thereof are as follows: I F Improvements _ Total Budgeted Costs Management Fee F y-------$ 74,000.00 Water F $ 16,000.00 Utilities �'----"$ 2,500.00 Landscape Management - -J--!$ 39,000.00 Median/Right-of-Way Mowing ------- $ 47,261.00 Beautification ---1'$ 2,000.00 Capital Improvements $134,000.00 1-andscape Maintenance F _-- $ 43,500.00 Marketing --� $ 62,500.00 Insurance +— $ 4,500.00 Annual Review (Audit) ---�---$ 12,000.00 City Administrative Fee r-^�--- $ 8,200.00 Budget Expenses (---'--- $445,461.00 Estimated Operating Reserve ----!$ 51,867.00 Total Expenses �i $497,328.00 The total budgeted costs of the improvements and services are in the amount of $497,328.00. Of this amount, $410,047.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of$0.10 cents to each $100.00 of property value for commercial property. The remainder of the costs in the amount of $87,281.00 will be funded by the amount of$39,761.00 from the City for Payment In-Lieu of Services and the amount of$47,520.00 from prior year's assessments. The Camp Bowie Corridor PID is located in COUNCIL DISTRICTS 3 and 7. FISCAL INFORMATION /CERTIFICATION: Logname: 17PID8FY15PBH Page 2 of 3 The Financial Management Services Director certifies that upon approval of the above recommendations and the 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)5)GS87 488010 002508002000 $39,761.00 4) GG01 539120 0807071 $39.761.00 5) GS87 539120 002508002000 $449,808.00 6) GS87 539120 002508002000 $8,200.00 5)GS87 488342 0025008002000 $410.047.00 7) GS87 539120 002508002000 $74.000.00 6) GG01 461813 0171000 $8,200.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Ossana Hermosillo (6203) Logname: 17PID8FY15PBH Page 3 of 3