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Home My WebLink AboutOrdinance 15204ORDINANCE NO. r ~a® AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $117,180.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2002-03 FUNDING FOR FORT WORTH PUBLIC 1MPROVENIENT DISTRICT NO. 6; PROVIDING FOR A SEVERABILTTY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE TT 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 the Fiscal Year 2002-03 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Spacial Assessment District Fund in the amount of $117,180.00 from available funds for the purpose of providing fiscal year 2002-03 funding for the Fort Worth Public Improvement District No. 6. SECTION 2. Should. at-y portioq section or part of a section of this ordinance be declared invalid, inoperative or void for arty reason by a court of competent jurisdictioq such decisioq 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 cumulative of Ordinance No. 14785 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 and be in full force and effect after the date of its passage, and it is ordained. APPROVED TO FORM AND LEGALITY: t City ttorney ~ I a-~ I o~ Date ~I~~ 1 ~a .Adopted Effective %~. -. _~ ,, . REVENUE PROJECTS Ass~srrrent Revenues City Reimbursement Total Revenues EXPENSE PROJECTIONS REVISED PNE YEAR SERVICE PLAN Public improvement District 06 8/05/2002 FY 02103 FY 03/04 FY 04N5 FY 05/06 FY06/07 1,198,566 1,213,752 1,234,066 1,244,502 1,260,052 117,180 123,039 129,191 135,650 142,433 1,515,746. 1,336,791 1,363,257 1,380,152 1,402,485 Park Bend HOA 9,549 9,740 9,935 10,134 10,336 Park Glen HOA 60,000 61,200 62,424 63,672 64,946 Park Place HOA 10,657 10,870 11,088 11,310 11,536 Parkway HOA 10,446 10,854 10,868 11,085 11,307 Packwood Estates HOA 8,376 8,544 8,714 8,889 9,066 Summerbrcok HOA 7,072 7,214 7,356 7,505 7,655 PID 6 Mark19emerrt 50,000 51,000 52,020 53,060 54,122 Capitol Improvements 125,000 125,000 125,000 125,000 125,000 City Admin"~stration 8,500 8,500 8,500 8,500 8,500 Cordingency 10,000 10,000 10,000 10,000 10,000 E 1D,000 10,200 10,404 10,612 10,824 Officer Patrols 100,000 102,000 104,040 106,121 108,243 Replacemerrt Reserve 100,000 100,000 100,000 100,000 100,000 Water 110,000 112,200 114,444 116,733 119,068 Hawing. turf management, edging, herbicide, hortic ultural management. irrigation management, color beds 388,109 395,671 403,789 411,864 420,102 Holiday Lighting 20,000 20,000 25,000 20,000 20,000 Trash removal 7,400 7,548 7,699 7,853 8,010 Tree care 48,637 49,610 50,602 51,614 52,646 Park Area maintenance 2,000 2,040 2,080 2;122 2,165 Electrical mairrterranoe 5,000 5,100 5,202 5,306 5,412 Fence maintenance 100,000 .102,000 104,040 106,121 108,243 Irrigafiorr maintenance 65,000 66,300 67,626 68,979 70,358 Plant Material repla~merrt 60,000 61,200 62,424 63,672 64,946 Total Expenses 1,315,746 1,336,791 1,363,257 1,3,152 1,402,485 Tatai ExQerrses 1,315,746 1,336,791 1,363,257 1,380,152 1,402,485 City Reimbursement (117,180) (123,039) (129,191) (135,650) (142,433) Net Expense (for assessment) 1,198,566 1,213,752 1,234,066 1,244,502 1,2,052 Assessment Rate per $1 ~ of Assessed Value 0.19 0.19 0.18 0.17 0.17 Typical Assessment fig Home ~ $ 100,000 $190.00 $190.00 $180.00 $170.00 $170.00 Typk~l ~-ssessmerrt for Hoare ~ $ 125,000 $237.50 $237.50 $225.00 $212.50 $21250 Typical A~sssssrrrerrt for Home ~ $ 150,000 $285.00 $285.00 $180.00 $255.00 $255.00 Typical Assassrrrent for Home ~ $ 175,000 $332.50 $332.50 $315.00 $297.50 $297.50 Typical Assessment for Home ~ $200,000 .$380.00 $3rX).00 $360.00 $340.00 $340.00 PII ?III 9 w City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 8/27/02 G 13712 13PID-6 1 of 2 SUBJECT PUBLIC HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 6 (PARK GLEN) ADOPT A BUDGET AND SERVICE PLAN ADOPT A PROPOSED ASSESSMENT ROLL, SET A BENEFIT HEARING DATE FOR FISCAL YEAR 2002 2003 ADOPT AN ORDINANCE APPROPRIATING CERTAIN FUNDS FOR THE DISTRICT AND AUTHORIZE A CONTRACT EXTENSION WITH PRINCIPAL MANAGEMENT GROUP TO PROVIDE MANAGEMENT SERVICES FOR THE DISTRICT RECOMMENDATION It is recommended that the City Council. 1 Hold a public hearing concerning the plan of services and budget for FY2002 2003 and 2 Adjourn such public hearing and 3 Approve the attached service plan and budget for FY2002 2003 as recommended by the Advisory Board of Public Improvement District (PID) No 6 and 4 Authorize the transfer of $117 180 00 from the General Fund to the Special Assessment District Fund PID No 6 FY2002 2003 project account; and 5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by -$117 180 00 in the Special Assessment District Fund from available funds and 6 Authorize the transfer of $8 500 00 for administrative fees from the Special Assessment District Fund PID No 6 FY2002 2003 project account to the General Fund and 7 Authorize the City Manager to execute a contract extension with Principal Management Group to provide improvements and services in PID No 6 during FY2002 2003 for the sum of $1 315 746 and 8 Adopt the proposed 2002 assessment roll which is on file with the City Secretary and set Tuesday September 10 2002 at 7 00 p m in the City Council Chamber as the time and place for the benefit hearing and 9 Direct the City Secretary to give notice of the September 10 2002 hearing in accordance with State law• and 10 Approve adding to the 2002 2003 budget, as contingency any unencumbered revenues from the PID No 6 assessments from prior years DISCUSSION On September 29 1998 (M&C G-12341) the City Council established Fort Worth PID No 6 d ~ ,~.. City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 8/27/02 G-13712 13PID-6 2 of-2 SUBJECT PUBLIC HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 6 (PARK GLEN), ADOPT A BUDGET AND SERVICE PLAN, ADOPT A PROPOSED ASSESSMENT ROLL, SET A BENEFIT HEARING DATE FOR FISCAL YEAR 2002-2003, ADOPT AN ORDINANCE APPROPRIATING CERTAIN FUNDS 'FOR THE DISTRICT, AND AUTHORIZE A CONTRACT EXTENSION WITH PRINCIPAL MANAGEMENT GROUP TO PROVIDE MANAGEMENT SERVICES FOR THE DISTRICT State law requires an annual report on the plan of services and proposed budget, which are included as apart of this Mayor and Council Communication. The general nature of the proposed improvements and/or services to be provided by the District shall include: • 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 • Special fencing in and along boulevards, parks and open spaces; and • Supplementary security service provided by off-duty law enforcement personnel; and • An improvement district management program to provide for the administration, management and operation of the district. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval and completion of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FY2002-2003 operating budget, as appropriated, of the Special Assessment District Fund. CB:n Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) 4&5) GS87 472001 002506002000 $ 117,180.00 Charles Boswell 6183 6) GG01 481306 0134010 $ 8,500.00 Originating Department Head: 5) GS87 539120 002506002000 $ 117,180.00 Jim Keyes 8517 (from) APPROVED 08/27/02 4) GG01 538070 0905800 $ 117,180.00 ORD.# 15204 Additional Information Contact: 7) GS87 539120 002506002000 $1,315,746.00 6) GS87 539120 002506002000 $ 8,500.00 Linda Brown 6030