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HomeMy WebLinkAboutOrdinance 21871-09-2015 ORDINANCE NO.21871-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2015-2016 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 15 — SUN VALLEY FUND IN THE AMOUNT OF $109,525.00, 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 SUN VALLEY 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 15—Sun Valley Fund in the amount of$109,525.00, 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 Sun Valley 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: aleshra farmer Ma ' J.I a r Senior Assistant City Attorney City Secre" M&C: BH-339 Adopted and Effective: September 15, 2015 Ordinance No.21871-09-2015 Page 1 of 1 ✓FORTWORTH.- District 5 O I n r • a7 ,, C' er 0�0 wig 87 O . � P sl � I rm I �1., �� ;� ©AVID SIRdCKLAND I I r ,� ASTER L SUN VALLEY `. �- ti, KALTENBRUN �� � U) 1; u o i ' y I l W hV � rA1 f{ I O riy r „ �� MgNs y �� coLLETT L ITT LEGEND PID 15 - SUN VALLEY ' n � ��� ' � �''fi" � rl � J ✓r 1 N ern 0 0.075 0.15 0.3 Miles , COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THI'r 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#15 SUN VALLEY PROPOSED FIVE YEAR SERVICE PLAN FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 Revenues PID Assessment 73,622 75,095 77,347 80,441 84,463 Holdover of Prior Years'Operating Revenue 35,902 28,855 19,379 10,157 3,978 Total Revenue 109,525 103,949 96,727 90,598 88,441 Expenses Security Patrol Services-Contract,Wages,&Taxes 67,000 71,000 73,000 73,000 74,000 Security Patrol Services-Vehicle,Fuel,R&M,Insurance 3,000 3,000 3,000 3,000 3,500 Management Costs 6,270 6,270 6,270 6,270 6,270 Insurance 500 500 500 500 500 Administrative Costs-Audit/Accounting 1,500 1,500 1,500 1,500 1,500 City Administration Fee 2,000 2,000 2,000 2,000 2,000 Website Development 400 300 300 350 400 Budgeted Expenses 80,670 84,570 86,570 86,620 88,170 Estimated Operating Reserve 28,855 19,379 10,157 3,978 271 Total Expenses 109,525 103,949 96,727 90,598 88,441 DATE: 9/15/2015 REFERENCE NO.: BH-339 LOG NAME: 17NS PID15FY16PBH CODE: BH TYPE: CONSENT HEARING: YES SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 15, Sun Valley PID, Concerning the Proposed 2015-2016 Budget in the Amount of$109,525.00 and Five-Year Service Plan and Proposed Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2015 Tax Year in the Amount of$73,622.00, Adopt Appropriation Ordinance to Increase Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 15—Sun Valley Fund in the Amount of 109,5��5,00$88.00 and Authorize Transfer in the Amount of$2,000.00 for Administrative Fees from the Fort Worth Public Improvement District 15—Sun Valley Fund to the General Fund and Authorize Execution of an Agreement with ORASI Development, LLC, to Manage the District (COUNCIL DISTRICT 5) 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 15, Sun Valley PID, for the 2015 tax year; 2. Approve the attached 2015-2016 Fiscal Year Budget and Five-Year Service Plan for the Sun Valley Public Improvement District; 3. Adopt the attached ordinance levying special assessments on the property located in the Sun Valley 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 15—Sun Valley Fund in the amount of$109,525,00 $80,670.00 from available funds; 5. Authorize a transfer in the amount of$2,000.00 for administrative fees from the Fort Worth Public Improvement District 15—Sun Valley Fund to the General Fund contingent upon the adoption of the proposed ordinance levying assessments; and 6. Authorize the execution of an Agreement with ORASI Development, LLC, in the amount of$6,270.00 to provide management and improvement services for the Sun Valley Public Improvement District during Fiscal Year 2015-2016. DISCUSSION: On August 21, 2012, (M&C G-17654) the City Council adopted Resolution No. 4120-08-2012 establishing Fort Worth Public Improvement District 15 (Sun Valley 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 15—Sun Valley Fund. On September 1, 2015, (M&C BH-331) the City Council conducted a public hearing to receive comments on the proposed Sun Valley PID and the 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 Sun Valley 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 (Admin.) $ 6,270.00 Security Patrol Services (Wages, Taxes, Worker's Compensation) $67,000.00 Security Patrol Services (Vehicle Fuel, $ 3,000.00 Replacement& Maintenance, Insurance) Audit/Accounting $ 1,500.00 City Administrative Fee $ 2,000.00 Website Development $ 400.00 Insurance $ 500.00 Budget Expenses $80,670.00 Estimated Operating Reserve $28,855.00 Total Expenses $109,525.00 The total budgeted costs of the improvements are in the amount of$109,525.00. Of this amount, $73,622.00 will be funded by assessments collected on privately owned parcels located in the district by levying special assessments at a rate of$0.27 to each $100.00 of property value. The remainder of the costs in the amount of$35,902.00 will be funded from the prior year' s assessments. The Sun Valley PID is located in COUNCIL DISTRICT 5. 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 15—Sun Valley Fund. TO Fund/Account/Centers FROM Fund/Account/Centers 8515 4XXXXXX 019515012000 $109,525.00 8515 5900010 019515012000 2 000.00 8515 5XXXXXX 019515012000 $109,525.00 8515 5330201 019515012000 6 270.00 Q10100 4401001 0191000 $2,000.00 Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Allison Gray (8030) Additional Information Contact: Charletta Moaning (7333) ATTACHMENTS PID-15 Sun Valley map.pdf PI D15-5YrServicePlan-FY16.pdf PI D15FY16AssessmentOrd.docx PID15FY16PBH 28515 AO.docx