HomeMy WebLinkAboutOrdinance 21437-09-2014 Ordinance No. 21437-09-2014
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE PUBLIC IMPROVEMENT DISTRICT 7 FISCAL YEAR
2014-2015 PROJECT ACCOUNT OF THE SPECIAL ASSESSMENT DISTRICT FUND
IN THE AMOUNT OF $1,751,640.00, 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 HERITAGE 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 7 Fiscal Year 2014-2015 Project Account of the Special Assessment District Fund in
the amount of$1,751,640.00, 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 Heritage PID 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hereby expressly repealed.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 ND LEGALITY:
I fiogE —07 ,
Assistant City Attorney ary J. ;City&6cretary
ADOPTED AND EFFECTIVE: September 9, 2014
City of Fort Worth
Proposed Five Year Service Plan
Public Improvement Distrct No.7-Heritage
FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19
REVENUES Budget Budget Budget Budget Budget
PID Assessments 1,578,278 1,575,000 1,580,000 1,590,000 1,600,000
City Payment In-Lieu of Services 173,362 173,362 173,362 173,362 173,362
Prior Years'Assessments 400,000 400,000 400,000 400,000 400,000
Total Revenues $2,151,640 $2,148,362 $2,153,362 $2,163,362 $2,173,362
EXPENSES
Management Fee 170,665 172,889 175,180 175,534 175,534
Water 200,000 246,000 248,000 250,000 250,000
Utilities 28,462 28,500 29,500 27,934 27,934
Landscape/Tree Maintenance 823,508 814,508 819,916 819,916 819,916
Fence Maintenance 78,000 65,000 60,000 55,000 55,000
Common Area Maintenance 67,000 49,000 45,000 46,000 56,000
Holiday Lighting 27,000 31,000 32,000 33,000 33,000
Security Enhancements 80,000 80,000 80,000 80,000 80,000
Public Events 70,000 65,000 67,817 68,000 68,000
Capital Improvements 157,839 147,365 146,749 158,578 158,378
Insurance 15,600 15,600 15,600 15,600 15,600
Annual Review 2,000 2,000 2,000 2,000 2,000
City Administration Fee 31,566 31,500 31,600 31,800 32,000
Estimated Operating Reserve $400,000 $400,000 $400,000 $400,000 $400,000
Total Expenses $2,151,640 $2,148,362 $2,153,362 $2,163,362 $2,173,362
FORT WORTH
Heritage Public Improvement District
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COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THI1c
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. 21436-09-2014 & 21437-09-
2014
DATE: Tuesday, September 09, 2014 REFERENCE NO.: BH-318
LOG NAME: 17PID7FY15PBH
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage PID, Concerning the
Proposed 2014-2015 Budget in the Amount of$2,151,640.00 and Five-Year Service Plan and Proposed
Assessment Roll, Authorize Transfer in the Amount of$173,362.00 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$1,578,278.00, Adopt Appropriation Ordinance to
Increase Estimated Receipts and Appropriations in the Special Assessment District Fund in the Amount of
$1,751,640.00 and Authorize Transfer in the Amount of$31,566.00 for Administrative Fees from the
Special Assessment District Fund, Public Improvement District 7 Fiscal Year 2014-2015 Project Account to
the General Fund and Authorize Execution of an Agreement with FirstService Residential to Manage the
District (COUNCIL DISTRICTS 4 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 7, Heritage PID for the 2014 tax year;
2. Approve the attached 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the Heritage PID;
3. Adopt the attached ordinance levying special assessment on the property in the Heritage PID, subject
to assessment in the 2014 tax year;
4. Authorize a transfer in the amount of $173,362.00 from the General Fund to the Special Assessment
District Fund, Public Improvement District 7 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 7 Fiscal Year 2014-2015 Project Account of the Special Assessment
District Fund in the amount of$1,751,640.00 from available funds;
6. Authorize a transfer in the amount of $31,566.00 for administrative fees from the Special Assessment
District Fund, Public Improvement District 7 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 FirstService Residential in the amount of$170,665.00 to
provide management and improvement services for the Heritage PID during Fiscal Year 2014-2015.
DISCUSSION:
Logname: 17PID7FY15PBH Page 1 of 3
On September 26, 2000, (M&C G-13021) the City Council adopted Resolution No. 2675 establishing Fort
Worth Public Improvement District No. 7 (Heritage PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2014-2015 Fiscal
Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each
property in the PID for the 2014 tax year. Following the public hearing, it is recommended that the City
Council approve the attached Budget and Five-Year Service Plan of the PID, adopt the attached
ordinance levying the proposed assessments and adopt the attached appropriation ordinance allocating
estimated receipts to the Heritage PID's fund.
On August 26, 2014, (M&C BH-310) the City Council conducted a public hearing to receive comments on
the proposed 2014-2015 Fiscal Year Budget and Five-Year Service Plan for the PID. Notice of this benefit
hearing was published in the newspaper and mailed to all record owners of property in the Heritage PID,
in accordance with state law.
The improvements and services to be provided in the PID during the 2014-2015 Fiscal Year and the costs
thereof are as follows:
Improvements Total Budgeted
Costs
Management Fee -$ 170,665.00
Water $ 200,000.00
Utilities i $ 28,462.00
Landscape/Tree $ 823,508.00
Maintenance
Fence Maintenance F $ 78,000.00
Common Area � $ 67,000.00
Maintenance I T
Holiday Lighting �—$ 27,000.00
Security Enhancement $ - 80,000.00
Public Events I $ --70,000.00
Capital Improvements [--$ 157,839.00
Insurance F $ 15,600.00
Annual Review (Audit) ^- $^-2,000.00
City Administrative I 31,566.00
Fee
Budget Expenses $1,751,640.00
Estimated Operating $ 400,000.00
Reserve
Total Expenses $2,151,640.00
The total budgeted costs of the improvements are in the amount of $2,151,640.00. Of this amount,
$1,578,278.00 will be funded by assessments collected on privately owned parcels located in the district
by applying a rate of $0.21 cents per each $100.00 of property value for residential property and $0.11
cents per each $100.00 of property value for commercial property.
The remainder of the costs in the amount of $573,362.00 will be funded by other revenue sources: the
Logname: 17PID7FY15PBH Page 2 of 3
amount of$173,362.00 from the City for Payment In-Lieu of Services and the amount of$400,000.00 from
prior year's assessments.
The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.
FISCAL INFORMATION /CERTIFICATION:
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/C enters FROM Fund/Account/Centers
4)5) GS87 488010 002507002000 $173,362.00 4) GG01 539120 0807071 $173.362.00
5) GS87 488342 002507002000 $1.578,278.00 6) GS87 539120 002507002000 $31,566.00
5) GS87 539120 002507002000 $1.751.640.00 7) GS87 539120 002507002000 $170.665.00
6) GG01 461813 0171000 $31,566.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Jay Chapa (5804)
Additional Information Contact: Ossana Hermosillo (6203)
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