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Home My WebLink AboutOrdinance 21861-09-2015 ORDINANCE NO.21861-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 7 — HERITAGE FUND IN THE AMOUNT OF $2,933,751.00, 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 HERITAGE PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2015-2016; 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 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 7 —Heritage Fund in the amount of$2,933,751.00, 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 Heritage 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: a B. Farmer -"�. _.. ary J. Ka y � Maleshi Senior Assistant City Attorney City Secret y M&C: BH-334 Adopted and Effective: September 15, 2015 Ordinance No.21861-09-2015 Page 1 of 1 FORTWORTH. Heritage Public Improvement District i w, dui GOLDEN,TRIIaNG » n . . Yio x , r� r` , 4 r .HERITAGE TRACE �/llff r /n/nirrj°�✓ A�. ,�� 6u II Illlllllllllllllllllli Illlu �m it �� i ry/11/ „r l/ r, r A p z vi Q , W LEGEND a PID 7 - HERITAGE 0 0.175 0.35 0.7 Miles r NMIWNt✓N!wf'�urk �dN r d�:,w,q,p( IttKrt�kll( u '��'�"' °'� �➢ao,�d°�i°N�%l�1 a �w6ri�,ua,�G' � ' �` `w�� P � �. Pre ared on.Au ust 19 201 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 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#7 HERITAGE PROPOSED BUDGET&FIVE YEAR SERVICE PLAN FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 REVENUES PID Assessments 1,660,389 1,593,223 1,593,223 1,593,223 1,593,223 City Payment In-Lieu of Services 173,362 210,000 210,000 210,000 210,000 Prior Years'Assessments 1,100,000 700,000 400,000 400,000 400,000 Builder Initiation Fee 0 0 0 0 0 Total Revenues $2,933,751 $2,503,223 $2,203,223 $2,203,223 $2,203,223 EXPENSES Management Fee 162,025 172,889 172,889 172,889 172,889 Water 210,000 210,000 210,000 210,000 210,000 Utilities 30,500 30,500 30,500 30,500 30,500 Landscape/Tree Maintenance 1,112,287 907,287 857,287 857,287 857,287 Fence Maintenance 90,000 128,000 78,000 78,000 78,000 Common Area Maintenance 101,000 66,000 66,000 66,000 66,000 Holiday Lighting 27,000 27,000 27,000 27,000 27,000 Security Enhancements 80,000 80,000 80,000 80,000 80,000 Public Events 85,000 75,000 75,000 75,000 75,000 Capital Improvements 288,131 360,083 160,083 160,083 160,083 Insurance 12,600 12,600 12,600 12,600 12,600 Annual Review 2,000 2,000 2,000 2,000 2,000 City Administration Fee 33,208 31,864 31,864 31,864 31,864 City reimbursement of seed mone 0 Budget Expenses $2,233,751 $2,103,223 $1,803,223 $1,803,223 $1,803,223 Estimated Operating Reserve 700,000 400,000 400,000 400,000 400,000 Total Expenses $2,933,751 $2,503,223 $2,203,223 $2,203,223 $2,203,223 X X City of Fort Worth, Texas Mayor and Council Communication DATE: Tuesday, September 15, 2015 REFERENCE NO.: LOG NAME: 17NS PID7FY16PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 7, Heritage PID, Approve Proposed 2015-2016 Budget in the Amount of$2,933,751.00 and Five-Year Service Plan and Proposed Assessment Roll,Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of$1,660,389.00,Authorize Transfer in the Amount of$173,362.00 from the General Fund to the Fort Worth Public Improvement District 7—Heritage 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 7—Heritage Fund in the Amount of$2,933,751.00 and Authorize Transfer in the Amount of$33,208.00 for Administrative Fees from the Fort Worth Public Improvement District 7—Heritage Fund,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 2015 tax year; 2. Approve the attached 2015-2016 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 2015 tax year; 4. Authorize a transfer in the amount of$173,362.00 from the General Fund to the Fort Worth Public Improvement District 7—Heritage 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 7—Heritage Fund in the amount of$2,933,751.00 from available funds; 6. Authorize a transfer in the amount of$33,208.00 for administrative fees from the Fort Worth Public Improvement District 7—Heritage Fund 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 $162,025.00 to provide management and improvement services for the Heritage PID during Fiscal Year 2015-2016. DISCUSSION: On September 26, 2000, (M&C G-13021) the City Council adopted Resolution No. 2675 establishing Fort Worth Public Improvement District No. 7 (Heritage PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2015- 2016 Fiscal Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2015 tax year. Following the public hearing, it is recommended that the City Council approve the attached Budget and Five-Year Service Plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinance allocating estimated receipts and appropriations to the Fort Worth Public Improvement District 7—Heritage Fund. On September 1, 2015, (M&C BH-326) the City Council conducted a public hearing to receive comments on the proposed 2015-2016 Fiscal Year Budget and Five-Year Service Plan for the PID. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Heritage PID, in accordance with state law. The improvements and services to be provided in the PID during the 2015-2016 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Costs 'Management Fee �$ 162,025.00 Water $ 210,000.00 'Utilities $ 30,500.00 Landscape/Tree I $ 1,112,287.00 Maintenance (Fence Maintenance $ 90,000.00 Common Area $ 101,000.00 !Maintenance Holiday Lighting Aj $ 27,000.00 'Security Enhancement $ 80,000.00 Public Events $ 85,000.00 !Capital Improvements $ 288,131.00 ;Insurance j $� 12,600.00 'Annual Review(Audit) ' $ 2,000.00 jCity Administrative Fee $ 33,208.00 Budget Expenses $2,233,751.00 JEst tame ed Operating $ 700,000.00 !Reserve Total Expenses $2,933,751,OO I The total budgeted costs of the improvements are in the amount of$2,933,751.00. Of this amount, $1,660,389.00 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$1,273,362.00 will be funded by other revenue sources: the amount of$173,362.00 from the City for Payment In-Lieu of Services and the amount of$1,100,000.00 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 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 7—Heritage Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 4)Q $173,362.00 4) 10100 5330201 0807071 $173,362.00 28507 4910100 019507002000 28507 4XX XX 019507002000 $2,933,751.00 28507 5900010 019507002000 $33,208.00 28507 5XXXXX 019507002000 $2,933,751.00 6) 10100 4401001 0171000 $33,208.00 CERTIFICATIONS: Submitted for City Manager's Office by:, Fernando Costa (6122) Originating Department Head: Allison Gray (8030) Additional Information Contact: Scott McDonald (6203) ATTACHMENTS