HomeMy WebLinkAboutOrdinance 16104fr•
~~
Ordinance No ~ ~~ ~
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $40 057 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO 7 (HERITAGE); MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR 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 2004-2005 in the
Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Special Assessment District Fund in the amount of $40,057 from available funds for the purpose of funding
improvements and services in Public Improvement District No 7 (Heritage).
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 2004 and ending
September 30 2005, 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hereby expressly repealed.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
APPR D TO RM AND LEGALITY
A istant City Attorney
ADOPTED AND EFFECTIVE. ~ s ~L` ~~
~~
FORT WORTH IMPROVEMENT DISTRICT #7 HERITAGE MASTER-PLANNED COMMUNITY
FIVE YEAR REVENUE AND EXPENSE PLAN
hru hru hru hru
REVENUE PROJECTIONS
Assessment Revenues
City of FW Level of Service Reimbursement
Builder Assessement $100 per Lot
Revenue Subtotal
Hillwood Subsidy
TOTAL REVENUES
EXPENSE PROJECTIONS:
Utilities
Electricity
Water
Total Utilities
Grounds Expenses
Landscape Maintenance
Landscape ReplacemenURepairs
Irrigation Repairs
Irrigation Modem
Grounds Miscellaneous (Lights, Tiles, Other mist)
Common Area Repairs
Fence Painting/Repairs
Holiday Lights
Pond Maintenance
Signs (street nd other igns)
Security Patrols
Total Grounds Expenses
Administrative Expenses
City Administration
Annual Financial Review
Professional Management
Total Administrative Expense
Insurance nd Subsidy Expenses
Insurance
Repayment of Hillwood Subsidy
Total Insurance nd Subsidy Expenses
TOTAL EXPENSES
PROJECTED HILLWOOD SUBSIDY
Assessment Rate per $100 Assessed Value
Typical Assessment for Home Valued at $100,000
Typical Assessment for Home Valued at $115 000
Typical Assessment for Home Valued at $160,000
Typical Assessment for Home Valued at $175,000
Typical Assessment for Home Valued at $190,000
Typical Assessment for Home Valued at $205,000
Typical Assessment for Home Valued at $220,000
Church nd School Assessment
Non- Residential Use Assessment
335,436 430,122 525,882 621,642 717,402
40,057 44,062 48,468 48,468 48,468
24,000 _ 24,000 24,000 24 000 24 000
399,493 498,184 598,350 694,110 789,870
254,120 213,040 166,417 91 778 92 221
653,613 711,224 764,767 785,888 882,091
6,000 6,800 7,200 7,500 78,000
97,000 108,000 112,000 115 000 118 000
103,000 114,800 119,200 122,500 196,000
401,443 431,778 471,778 483,778 501,778
4,000 4,500 5,000 5,000 5,000
10,000 10,000 10,000 10,000 10,000
2,000 2,500 2,500 2,500 2,500
9,000 10,000 10,500 11,000 11,000
9,000 10,000 10,500 11,000 11,000
6,000 7,000 8,000 8,000 8,000
11,000 12,000 12,000 12,000 12,000
7,000 7,000 7,000 7,000 7,000
5,000 5,000 5,000 5,000 5,000
34,000 34,000 34,000 34 000 34 000
498,443 533,778 576,278 589,278 607,278
6,709 8,602 10,517 12,432 14,348
1,540 1,540 1,540 1,640 1,640
37,521 _ 45,464 49,488 52,217 54,925
45,770 55,606 61,545 66,289 70,913
6,400 7,040 7,744 7,821 7,900
6,400 7,040 7 744 7,821 7,900
653,613 711,224 764,767 785,888 882,091
254,120 213,040 166,417 91,778 92,221
0.21
$210.00
$241.50
$336.00
$367.50
$399.00
$430.50
$462.00
$0.11
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 8/31/2004 Ordinance No 16104
DATE Tuesday August 31 2004
LOG NAME 13PID7PUBHEAR
REFERENCE NO G-14482
SUBJECT
Public Hearing Fort Worth Public Improvement District No 7 (HERITAGE) Adopt a Budget and
Service Plan Authorize a Contract with Premier Communities to Provide Management Services for
the District, Adopt an Ordinance Appropriating Certain Funds for the District, Adopt a Proposed
Assessment Roll and Set a Benefit Hearing Date for Fiscal Year 2004-2005
RECOMMENDATION
It is recommended that the City Council•
1 Hold a public hearing concerning the plan of services and budget for FY 2004-2005 and
2. Adjourn such public hearing• and
3 Approve the attached service plan and budget for FY 2004-2005 as recommended by the Advisory
Board of Public Improvement District No 7 and
4 Authorize the transfer of $ 40 057 from the General Fund to the Special Assessment District Fund
PID No 7 FY 2004-2005 project account contingent upon the adoption of the FY 2004-2005 proposed
budget; and
5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$40 057 in the Special Assessment District Fund from available funds contingent upon the adoption of
the FY 2004-2005 proposed budget; and
6 Adopt the proposed 2004 assessment roll which is on file with the City Secretary and set Tuesday
September 21 2004 at 10 00 a m. in the City Council Chamber as the time and place for the benefit
hearing and
7 Direct the City Secretary to give notice of the September 21 2004 hearing in accordance with State
law• and
8 Approve adding to the 2004-2005 budget, as contingency any unencumbered revenues from the
PID No 7 assessments from prior years, and
9 Authorize the transfer of $6 709 for administrative fees from the Special Assessment District Fund
PID No 7 FY 2004-2005 project account to the General Fund contingent upon the adoption of the
proposed 2004 assessment roll and related appropriation ordinance, and
10 Authorize the City Manager to execute a contract with Premier Communities to provide improvements
and. services in the PID No 7 during FY 2004-2005 for the sum of $653 613 contingent upon the
Lo~name 13PID7PUBHEAR Page 1 cf 2
adoption of the proposed 2004 assessment roll and related appropriation ordinance
DISCUSSION
On September 26 2000 (M&C G-13021) the City Council established Fort Worth Public Improvement
District No 7
State law requires an annual report on the plan of services and proposed budget, which are included as
part of this Mayor and Communication
The general nature of the proposed improvements and/or services to be provided by the district shall
include
a. An improvement district landscaping construction and maintenance program consisting of the planting
and maintenance of special supplemental landscaping the maintenance of supplemental irrigation
systems, and park maintenance and
b Special fencing in and along boulevards, parks and open spaces and
c. An improvement district management program to provide for the administration management and
operation of the district.
PID No 7 is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval and completion of the above recommendations funds will
be available in the FY 2004-2005 operating budget, as appropriated of the Special Assessment District
Fund
TO Fund/Account/Centers FROM Fund/Account/Centers
(4) (5)GS87 472001 002507002000 $40.057.00 (4)GG01 538070 0905800 $40.057.00
(6)GG01 481306 0134010 6 709.00 (7)GS87 539120 002507002000 $653.613.00
(5)GS87 539120 002507002000 $40.057.00 L6)GS87 539120 002507002000 6 709.00
Submitted for City Manager's Office b~ Charles Boswell (8511)
Originating Department Head Jim Keyes (8517)
Additional Information Contact: Skipper Shook (8518)
Lo~name 13PTT)7PT 1RHRAR PaaP 7 of 7