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Home My WebLink AboutOrdinance 21869-09-2015 ORDINANCE NO.21869-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14 — TRINITY BLUFF FUND IN THE AMOUNT OF $108,895.00, 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 TRINITY BLUFF PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2015-2016; PROVIDING FOR A SEVERABII,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 14 —Trinity Bluff Fund in the amount of$108,895.00, 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 Trinity Bluff 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Maleshia B.farmer ar J. 7ay Senior Assistant City Attorney City Secret M&C: BH-338 Adopted and Effective: September 15, 2015 Ordinance No. 21869-09-2015 Page 1 of 1 FORTWORM, Trinity Bluff Public Improvement District d� r l � I H; (//// 7 %, �� ✓ ref .��G i ✓�� /fir ' ', ,,N � �� ,l�!%�r�� ;-p, %i� /,.. /�i/�/, ✓��t „� /r �a ,iii%r � .////�' ✓.r '� �";:��°, i ri��/� / //r,�/i///r; ;ij/ /„r, �f ,! ( ,�,� y.” / in Fes, ✓ r /�/y r/I i ,,. / N 8n ✓ 0110 1 / r e y v, J r o r � � / °'�/'rri�, Vii'% �,.. 7,�r � r�, / � � r/'d K4'� / '" m✓�„ ��ppNNry�//? �i i i�/iVVy�i � � �y r' r"' � r•""�A. '� i illll �,/�. ��/ 9 G Ii/ r ., �i/. 'y��;//,W ��a LEGEND PID14 - TRINITY BLUFF N 0.05 o.1 0.2 Miles " Pre oared on Au ust 19 2014 , I COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OFAPPLICABLE LAWS. THIIE 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#14 TRINITY BLUFF PROPOSED BUDGET &FIVE YEAR SERVICE PLAN FY 15-16 FY 16-17 FY 17-18 FY 18-19 FY 19-20 REVENUES PID Assessments 60,850 62,067 63,308 64,575 65,866 Prior Year's Assessment 48,045 46,045 62,262 79,720 98,445 Total Revenues $108,895 $108,112 $125,570 $144,295 $164,311 EXPENSES Management Fee(Admin.) 2,800 2,800 2,500 2,800 2,800 Landscape/Tree Maint. 24,889 24,889 24,889 24,889 24,889 Trash Removal 8,161 8,161 8,161 8,161 8,161 Marketing(Ban.&main.) 10,000 5,000 5,000 5,000 5,000 Capital Improvements 15,000 3,000 3,000 3,000 3,000 City Administrative Fee 2,000 2,000 2,000 2,000 2,000 Budget Expenses $62,850 $45,850 $45,550 $45,850 $45,850 Est Operating Reserve 46,045 62,262 79,720 98,445 118,461 Total Reserve/Expenses $108,895 $108,112 $125,270 $144,295 $164,311 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/15/2015 - Ordinance Nos. 21869-09-2015 & 21870-09- 2015 DATE: Tuesday, September 15, 2015 REFERENCE NO.: BH-338 LOG NAME: 17NS PID14FY16PBH SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 14, Trinity Bluff PID, Approve Proposed 2015-2016 Budget in the Amount of$108,895.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of$60,850.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 14—Trinity Bluff Fund in the Amount of$108,895.00 and Authorize Transfer in the Amount of$2,000.00 for Administrative Fees from the Fort Worth Public Improvement District 14—Trinity Bluff Fund to the General Fund and Authorize Execution of an Agreement with Downtown Fort Worth, Inc., to Manage the District (COUNCIL DISTRICT 9) 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 14, Trinity Bluff PID for the 2015 tax year; 2. Approve the attached Fiscal Year 2015-2016 Budget and Five-Year Service Plan for the Trinity Bluff PID; 3. Adopt the attached ordinance levying special assessments on the property located in the Trinity Bluff PID, 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 14—Trinity Bluff Fund in the amount of$108,895.00 from available funds; 5. Authorize a transfer in the amount of$2,000.00 for administrative fees from the Fort Worth Public Improvement District 14—Trinity Bluff Fund to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; and 6. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of$2,800.00 to provide management and improvement services for the Trinity Bluff PID during Fiscal Year 2015-2016. DISCUSSION: On June 16, 2009, the City Council adopted Resolution No. 3748-06-2009 establishing Fort Worth Public Improvement District 14 (Trinity Bluff 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 14 — Trinity Bluff Fund. On September 1, 2015, (M&C BH-330) the City Council conducted a public hearing to receive comments on the proposed Fiscal Year 2015-2016 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 Trinity Bluff PID, in accordance with state law. The improvements and services to be provided in the PID during the Fiscal Year 2015-2016 and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee (Admin.) $ 2,800.00 Landscape/Tree $24,889.00 Maintenance Trash Removal $ 8,161.00 Marketing (Banners and Maintenance) $10,000.00 Capital Improvements $15,000.00 City Administrative Fee $ 2,000.00 Budget Expenses $62,850.00 Estimated Operating $46,045.00 Reserve Total Expenses $108,895.00 The total budgeted costs of the improvements are in the amount of $108,895.00. Of this amount, $60,850.00 will be funded by assessments collected on privately owned parcels located in the district by levying special assessments at a rate of $0.10 cents per each $100.00 of property value. The remainder of the costs in the amount of$48,045.00 will be funded from the prior year's assessments. The Trinity Bluff PID is located in COUNCIL DISTRICT 9. 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 14 —Trinity Bluff Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 5) 10100 4401001 0191000 $2,000.00 5) 28514 5900010 019514009000 $2,000.00 4) 28514 4XXXXXX 019514009000 $108,895.00 6)28514 5330201 019514009000 $2,800.00 4) 28514 5XXXXXX 019514009000 $108,895.00 Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Allison Gray 0030 Additional Information Contact: ChadattaK8oaning (7333) ' '---- ---' -- ----