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Home My WebLink AboutOrdinance 21867-09-2015 ORDINANCE NO.21867-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 12 — CHAPEL HULL FUND IN THE AMOUNT OF $88,326.00, 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 CHAPEL HILL 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 12—Chapel Hill Fund in the amount of$88,326.00, 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 Chapel Hill 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 TOO ORM AND LEGALITY: Maleshia B. Fa mer Mary J.Iay er Senior Assistant City Attorney City Secre ry M&C: BH-337 Adopted and Effective: September 15, 2015 Ordinance No. 21867-09-2015 Page 1 of 1 FORTWORTH.,1 Public a Iln° + Np i 7 � y A, - f i +y�9�srkrv�a�M'h rQ�r '/ ii�� ✓ff /t .� y � � ai 4 -- r r �l o� LEGEND N PID 12 - CHAPEL HILL 0 0.225 0.45 0.9 Miles r Pre ared on Au us t 19 2014 ,.� '�l�G".. - �«��„�' �i,�✓,k�✓��,,, �14, ,,,f�tri f ,�„r.;a�i�-, � n(G, �l��„ �a �. r. %/'�4�is 9��i ra ,,�. COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIIC 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#12 CHAPEL HILL PROPOSED FIVE YEAR SERVICE PLAN FY15116 FY16/17 FY17/18 FYI 8119 FY19/20 REVENUE PID Assessments 48,326 49,776 51,270 52,810 54,395 Prior Year's Assessments 40,000 35,326 30,822 24,147 15,126 Total Revenues $ 88,326 $ 85,102 $ 82,092 $ 76,957 $ 69,521 EXPENSES Management Fee 8,000 8,000 8,000 8,000 8,000 Water 17,000 18,360 19,828 21,414 23,127 Utilities 1,000 1,080 1,167 1,261 1,361 Landscape& Lakes Maintenance 16,000 17,600 19,360 21,296 23,425 Capital Improvements 3,000 1,100 1,000 1,000 1,000 Replacements 2,200 2,200 2,400 2,400 2,400 Insurance 2,900 3,040 3,290 3,560 3,850 Annual Review(Audit) 900 900 900 900 900 City Administration Fee 2,000 2,000 2,000 2,000 2,000 Budget Expenses $ 53,000 $ 54,280 $ 57,945 $ 61,831 $ 66,063 Estimated Operating Reserve 35,326 30,822 24,147 15,126 3,458 Total Expense $ 88,326 $ 85,102 $ 82,092 $ 76,957 $ 69,521 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9115/2015 - Ordinance Nos. 21867-09-2015 & 21868-09- 2015 DATE: Tuesday, September 15, 2015 REFERENCE NO.: BH-337 LOG NAME: 17NS PID12FY16PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 12, Chapel Hill PID, Approve the Proposed 2015-2016 Budget in the Amount of$88,326.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of $48,326.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 12— Chapel Hill Fund in the Amount of$88,326.00 and Authorize Transfer in the Amount of$2,000.00 for Administrative Fees from the Fort Worth Public Improvement District 12 — Chapel Hill Fund to the General Fund and Authorize Execution of an Agreement with RTI Community Management Associates, Inc., to Manage the District (COUNCIL DISTRICT 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 12, Chapel Hill Public Improvement District, for the 2015 tax year; 2. Approve the attached Fiscal Year 2015-2016 Budget and Five-Year Service Plan for the Chapel Hill Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Chapel Hill Public Improvement District, subject to assessment for the 2015 tax year; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 12 — Chapel Hill Fund in the amount of $88,326.00 from available funds; 5. Authorize a transfer in the amount of $2,000.00 for administrative fees from the Fort Worth Public Improvement District 12 — Chapel Hill Fund to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; 6. Authorize the execution of an Agreement with RTI Community Management Associates, Inc., in the amount of $8,000.00 to provide management and improvement services for the Chapel Hill Public Improvement District during Fiscal Year 2015-2016. DISCUSSION: On March 23, 2004, the City Council adopted Resolution No. 3060 establishing Fort Worth Public Improvement District 12 (Chapel Hill 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 12 — Chapel Hill Fund. On September 1, 2015, (M&C BH-329) the City Council conducted a public hearing to receive comments on the proposed 2015-2016 Fiscal Year Budget and Five-Year Service Plan. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Chapel Hill 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 $ 8,000.00 Water $17,000.00 Utilities $ 1,000.00 Landscape & Lake $16,000.00 Maintenance Program Capital Improvements $ 3,000.00 Replacements $ 2,200.00 Insurance $ 2,900.00 Annual Review (Audit) $ 900.00 City Administration Fee $ 2,000.00 Budget Expenses $53,000.00 Estimated Operating Reserve $35,326.00 Total Expenses $88,326.00 The total budgeted costs of the improvements are in the amount of$88,326.00. Of this amount, $48,326.00 will be funded by assessments collected on privately owned parcels located in the District by applying a rate of$0.19 cents to each $100.00 of property value for commercial property. The remainder of the costs in the amount $40,000.00 will be funded by prior year's assessments. The Chapel Hill PID is located in COUNCIL DISTRICT 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 12 - Chapel Hill. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 4) 28512 4XXXXXX 019512003000 $88,326.00 5)28512 5900010 019512003000 $2,000.00 4) 28512 5XXXXXX 019512003000 $88�6.00 $8,000.00 5) 10100 4401001 0191000 ��00.00 CERTIFICATIONS:Submifted for Cily Manager's Office by: Fernando Costa (8122) Originating Department Head: Allison Gray /8030> Additional Information Contact: ChadattaK800ning (7333)