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Home My WebLink AboutOrdinance 21859-09-2015 ORDINANCE NO. 21859-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6—PARK GLEN FUND IN THE AMOUNT OF $2,434,154.00,FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2015 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE PARK GLEN PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2015-2016; PROVIDING FOR A SEVERABH,ITY 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 2015-2016 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fiscal Year 2015-2016 Fort Worth Public Improvement District 6—Park Glen Fund in the amount of$2,434,154.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2015 Tax Year, for the purpose of providing management and improvement services for the Park Glen Public Improvement District during Fiscal Year 2015-2016. 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, 2015, and ending September 30,2016, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: 7 Malesliia Farmer Mary J. t' Senior Assistant City Attorney City Secretary M&C: BH-333 Adopted and Effective: September 15, 2015 Ordinance No.21859-09-2015 Page 1 of 1 FORTWORTH. Park Glen Public Improvement District �x / u a � w 2 2 ...........i IM H l / p a � , a 1 � , r n jn. w .. i+ww umxw w y � c s� i �u r• I iIM / d x x� A � 6 / J 4' a u v 5 t» LEGEND PID 6 - PARK GLEN N 0 0.225 0.45 0.9 Miles i x �WESTERNCENTE R° �� ,.,.. .� . .., �,, .� ,,.., _ , . . ,��r aa. Pre ared on:Au ust 19 2014 y NO 7 k"p' ,`-"l� '2 &�Y-' �` a 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 PID#6 PARK GLEN PROPOSED BUDGET&FIVE YEAR SERVICE PLAN FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 REVENUES Budget Budget Budget Budget Budget PID Assessments 1,260,061 1,229,144 1,229,144 1,229,144 1,229,144 City Payment In-Lieu of Services 174,043 174,043 174,043 174,043 174,043 Prior Years'Assessments 1,000,000 780,000 780,000 780,000 780,000 Interest Income 50 50 50 50 50 Total Revenues $2,434,154 $2,183,237 $2,183,237 $2,183,237 $2,183,237 EXPENSES Management Fee 109,753 109,753 109,753 109,753 109,753 Water 210,000 210,000 210,000 210,000 210,000 Utilities 17,489 17,489 17,489 17,489 17,489 Landscape/Tree Maintenance 636,886 599,886 601,886 599,886 599,886 Fence Maintenance 364,319 216,020 214,020 216,020 216,020 Holiday Lighting 17,125 17,125 17,125 17,125 17,125 Security Enhancements 140,000 140,000 140,000 140,000 140,000 Communications/Newsletters 4,000 4,000 4,000 4,000 4,000 Public Events 30,000 30,000 30,000 30,000 30,000 Capital Improvements 75,000 10,000 10,000 10,000 10,000 Insurance 22,300 22,300 22,300 22,300 22,300 Annual Review 2,081 2,081 2,081 2,081 2,081 City Administration Fee 25,201 24,583 24,583 24,583 24,583 Budget Expenses $1,654,154 $1,403,237 $1,403,237 $1,403,237 $1,403,237 Estimated Operating Reserve 780,000 780,000 780,000 780,000 780,000 Total Expenses $2,434,154 $2,183,237 $2,183,237 $2,183,237 $2,183,237 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9115/2015 - Ordinance Nos. 21859-09-2015 & 21860-09- 2015 DATE: Tuesday, September 15, 2015 REFERENCE NO.: BH-333 LOG NAME: 17NS PID6FY16PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 6, Park Glen PID, Approve Proposed 2015-2016 Budget in the Amount of$2,434,154.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of $1,260,111.00, Authorize Transfer in the Amount of$174,043.00 from the General Fund to the Fort Worth Public Improvement District 6— Park Glen Fund for the City's Payment in Lieu of Services, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 6 — Park Glen Fund in the Amount of$2,434,154.00 and Authorize Transfer in the Amount of$25,201.00 for Administrative Fees from the Fort Worth Public Improvement District 6 — Park Glen Fund to the General Fund and Authorize Execution of an Agreement with FirstService Residential to Manage the District (COUNCIL DISTRICT 4) 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 6, Park Glen PID, for the 2015 tax year; 2. Approve the attached Fiscal Year 2015-2016 Budget and Five-Year Service Plan for the Park Glen Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Park Glen Public Improvement District, subject to assessment for the 2015 tax year; 4. Authorize a transfer in the amount of $174,043.00 from the General Fund to the Fort Worth Public Improvement District 6 — Park Glen Fund for the City's Payment In-Lieu of Services; 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 6 — Park Glen Fund in the amount of $2,434,154.00 from available funds; 6. Authorize a transfer in the amount of $25,201.00 for administrative fees from the Fort Worth Public Improvement District 6 — Park Glen Fund to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; and 7. Authorize the execution of an Agreement with FirstService Residential in the amount of$109,753.00 to provide management and improvement services for the Park Glen Public Improvement District during Fiscal Year 2015-2016. T ncrnnma• 1 7NC PTTIFRVI tiPRTT PaaP 1 of l DISCUSSION: On September 29, 1998, the City Council adopted Resolution No. 2453 establishing Public Improvement District No. 6 (Park Glen PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2015-2016 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 2015 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 and appropriations to the Fort Worth Public Improvement District 6— Park Glen Fund. On September 1, 2015, (M&C BH-325) the City Council conducted a public hearing to receive comments on the proposed 2015-2016 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 Park Glen PID, in accordance with state law. The improvements and services to be provided in the PID during the 2015-2016 Fiscal Year and the costs thereof are as follows: Total Improvements Budgeted Costs Management Fee $ 109,753.00 Water $ 210,000.00 Utilities $ 17,489.00 Landscape/Tree Maintenance $ 636,886.00 Fence Maintenance $ 364,319.00 Holiday Lighting _ $ 17,125.00 Isecurity Enhancements $ 140,000.00 Communications/Newsletters[$ 4,000.00 Public Events $ 30,000.00 Capital Improvements $ 75,000.00 Insurance [$ 22,300.00 Annual Review 2,081.00 A City Administration Fee $ 25,201.00 [Budget Expenses -[$1,654,154.00 Estimated Operating $ 780,000.00 Reserve Total Expenses $2,434,154.00 The total budgeted costs of the improvements and services are in the amount of $2,434,154.00. Of this amount, $1,260,111.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.175 cents to each $100.00 of property value for residential property and $0.035 cents to each $100.00 of property value for commercial property. The remainder of the costs in the amount of $1,174,043.00 will be funded by other revenue sources: the amount of $174,043.00 from the City for Payment In-Lieu of Services and the amount of $1,000,000.00 from prior year's assessments Loianame: 17NS PID6FY16PBH pnoe ? of I and revenues. The Park Glen PID is located in COUNCIL DISTRICT 4. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2015-2016 Budget by the City Council to include the above recommended item(s), funds will be available in the Fiscal Year 2016 operating budgets, as appropriated, of the Fort Worth Public Improvement District 6 - Park Glen Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 4) 5) 28506 4910100 019506002000 $174,043.00 4) 10100 5330201 0807071 $174,043.00 5) 28506 4XXXXXX 019506002000 $2,434,154.00 6) 28506 5900010 019506002000 $25,201.00 5)28506 5XXXXXX 019506002000 $2,434.154.00 6) 10100 4401001 0191000 $25,201.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Allison Gray (8030) Additional Information Contact: Scott McDonald (6203) Logname- 17NS PTIF)EFVI6PRN n— Q „4�I