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Home My WebLink AboutOrdinance 18793-09-2009Ordinance No 18793-09-2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $1 390 254 00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO 7 (HERITAGE),. PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2009- 2010 in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $1 390,254 00 from available funds for the purpose of funding improvements and services in Public Improvement District No 7 (Heritage) 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 2009 and ending September 30 2010 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect upon adoption APPROVED AS TO FORM AND LEGALITY Assistant City Attor ADOPTED AND EFFECTIVE September 8. 2009 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/8/2009 -Ord. Nos. 18792-09-2009, 18793-09-2009....& 18794-09-2009 -mom ~ ,,~ __ ~•~~ DATE Tuesday September 08 2009 LOG NAME 17PID076ENHEAR2009 REFERENCE NO BH-242 SUBJECT Conduct Benefit .Hearing for Fort Worth Public Improvement District 7 (Heritage) Concerning Proposed 2009-2010 Budget and Five-Year Service Plan and Proposed Assessment; Adopt Ordinance Levying Special Assessments for the 2009 Tax Year• Adopt Appropriation Ordinances to Increase Estimated Receipts in the the Special Assessment District Fund and Special Trust Fund for Fiscal Year 2009-2010 and Authorize Execution of an Agreement with Premier Communities Management Company to Manage the District RECOMMENDATION It is recommended that the City Council 1 Conduct a benefit hearing concerning the proposed special assessments on property located in Fort Worth Public Improvement District 7 (Heritage PID) for Fiscal Year 2009-2010 2. Approve the attached 2009-2010 Fiscal Year budget and five-year service plan for the Heritage PID• 3 Adopt the attached ordinance levying special assessments on property in the Heritage PID subject to assessment in the 2009 tax year 4 Authorize the transfer of $121 341 00 from the General Fund to the Special Assessment District Fund (Public Improvement District 7 Fiscal Year 2009-2010 Project Account) for the City's payment in lieu of services 5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $1 390,254 00 in the Special Assessment District Fund (Public Improvement District 7 Fiscal Year 2009- 2010 Project Account) from available funds 6 Authorize the transfer of $25 378 00 for administrative fees from the Special Assessment District Fund (Public Improvement District 7 Fiscal Year 2009-2010 Project Account) to the Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments 7 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund by $25 378 00 from available funds and 8 Authorize the City Manager to execute an Agreement with Premier Communities Management Company to provide management and improvement services for the Heritage PID during Fiscal Year 2009-2010 for the sum of $73 006 00 DISCUSSION Logname• 17PID07BENHEAR2009 Page 1 of 3 On September 26 2000 the City Council adopted Resolution No 2675 (M&C G-13021) establishing the Fort Worth Public Improvement District 7 (Heritage PID) The purpose of this benefit hearing is to receive comments from the public regarding the 2009-2010 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 2009 tax year Following the public hearing it is recommended that he 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 ordinances allocating estimated receipts to the Heritage PID's fund On August 25 2009 (M&C G-16677) the City Council conducted a public hearing to receive comments on the proposed 2009-2010 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 2009-2010 Fiscal Year and the costs thereof are Improvements Management Fee Water Electric/Maintenance Irrigation Landscape/Tree Maintenance Fence Maintenance Holiday Lighting Common Area Maintenance Security Patrols Replacements Insurance Community Events Annual Review City Administration Subsidy Repayment Budget Expenses Estimated Operating Reserve Total Expenses Total Budgeted Costs $73 006 00 $221 193 00 $42 135 00 $80 000 00 $514,22700 $65 000 00 $22 000 00 $90 711 00 $27 000 00 $161 122 00 $5 620 00 $15 000 00 $2 000 00 $25 378 00 $198,320.00 $1 542,712.00 $400,000.00 $1 942,712.00 The total budgeted costs of the improvements are $1 942 712 00 Of this amount, $1 268 913 00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.21 to each $100 00 of property value for residential property and $0 11 to each $100 00 of property value for commercial property The remainder of the costs $673 799 00 will be funded by other revenue sources including $121 341 00 in a direct payment from the City for payment in lieu of services $12 000 00 from the district' s Builder Assessment of $200 00 per lot and $540 458 00 from prior years assessments The Heritage PID is located in COUNCIL DISTRICT 2 FISCAL INFORMATION /CERTIFICATION The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances funds will be available in the Fiscal Year 2009- Logname• 17PID07BENHEAR2009 Page 2 of 3 2010 operating budget, as appropriated of the Special Assessment District Fund and the Special Trust Fund FUND CENTERS TO Fund/Account/Centers 8)) FE72 481306 017587001000 8))FE72 511010 017587001000 5~ 6)) GS87 488010 002507002000 6)) GS87 488342 002507002000 ~) GS87 539120 002507002000 CERTIFICATIONS FROM Fund/Account/Centers $25,378.00 7~ GS87 539120 002507002000 $25,378.00 9)) GS87 539120 002507002000 $121,341.00 ~) GG01 539120 0171000 $1, 268, 913.00 $1, 390, 254.00 Submitted for City Manacler's Office bv: Originating Department Head. Additional Information Contact: Thomas Higgins (6140) Jay Chapa (6192) Sylvia Flores (8550) $25,378.00 $73,006.00 $121,341.00 Logname: 17PID07BENHEAR2009 Page 3 of 3 City of Fort Worth Five Year Service Plan Public Improvement District No 7 HERITAGE ORDINANCE NO 18792-09-2009 18793-09-2009 & 18794-09-2009 FY 09/10 FY 10-11 FY 11/12 FY 12113 FY 13114 REVENUES Assessment Revenues City Reimbursement Initiation Fee Prior Year Assessment Total Revenues EXPENSES Management Fee Water Electric/Maintenance Irrigation Landscape/Tree Maintenance Fence Maintenance Holiday Lighting Common Area Maintenance Security Patrols Replacements Insurance Community Events Annual Review City Administration Surplus Capital Improvements Subsidy Repayment Budget Expenses Estimated Operating Reserve 1,268,913 1,344,513 1,420,113 1,422,633 1,465,312 121,341 127,408 133,778 140,467 147,491 12,000 12,000 2,800 540,458 $400,000 $400,000 $400,000 $400,000 $1 942,711 ~i1 t5t5;i,y11 ~~ y5n by"~ ~ ~ yoo iuu ~L,U ic,ovJ 73 006 74 834 75 827 78 063 80 366 221 193 258,527 277 623 312,057 333 901 42,135 59 384 57,291 49,967 52, 722 80 000 85 600 91 592 98 003 80 000 514,227 535 175 554 078 589 998 606 007 65 000 55 000 65 000 55 000 55 000 22,000 25 000 27 000 27 000 27 000 90 711 82,389 77 516 72 161 74 961 27 000 30 000 33 000 33 000 33 000 161 122 138 000 160 000 110 000 110 000 5 620 5 789 5 962 6 141 6 325 15 000 30 000 30 000 30 000 30 000 2,000 2,060 2 ,122 2,185 2, 251 25 378 26 890 28 402 28 453 29 306 75;273 71 ,278 71072 91 963 198 320 $1 542,712 $1 483 921 $1 556 691 $1 563 100 $1 612,803 400 000 400 000 400 000 400 000 400 000 Total Expenses $1 942,712 $1 883 921 $1 956 691 $1 963 100 $2,012,803