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Home My WebLink AboutOrdinance 15205~.' - . ORDINANCE NO. / ~ " AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $25,169.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2002-03 FUNDING FOR FORT WORTH PUBLIC IIvIPROVEMENT DISTRICT NO. 7; PROVIDING FOR A SEVERABILITY 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 Special Assessment District Fund in the amount of $25,169.00 from available funds for the purpose of providing fiscal year 2002-03 funding for the Fort Worth Public Improvement District No. 7. SECTION 2. Should any portioq section or part of a section of this ordinance be declared invalid, inoperative or void for any 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. 14786 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 O FORM AND LEGALITY: Assi t City ttorney - ~/a~l~a Date $~a~l o~ Adopted ~~~g ~~ 1 Effective `.~. FORT WORTH IMPROVEMENT DISTRICT #7 (HERITAGE) 2002 FIVE YEAR REVENUE AND EXPENSE PLAN REVENUE PROJECTIONS Assessment Revenues Builder Assessement $100 per Lot City of FW Level of Service Reimbursemerrt Hilhvood Subsidy TOTAL REVENUES EXPENSE PROJECTIONS: City Administration Mowing/Edging/lrrigation Checks/Bed Maintenance/Water/Electricity Irrigation Repairs Plant Material Replacement Amenity Center Landscaping (NOTE) Holiday Lighting Maintenance of Special Lights, Tile Insets, Street Signs Fence Painting/Repairs Ground Lighting Maintenance Sub-Total Maintenance Capital Reserve for Replacement Annual Audft Insurance Administrative Supplies and F~enses PID Management (50% paid by PID) OnSite Manager (50°,6 paid by PID) Repayment of Hillwood Subsidy Contingency TOTAL MAINTENANCE AND OTHER EXPENSES Less City Reimbursement Less Assessment Revenues Less Builder Assessement $100 per Lot Total Hilhnrood Subsidy 1 a1Ym02 1 a11T009 1 a1 P2004 10/1/2006 1 a1 /2006 thru 9f30/03 thru 8/3x04 thru 9/S0/OS thni 8f3a06 thru 9/9x07 83,453 146,000 242,000 338,000 434,000 24,000 24,000 24,000 24,000 24,000 25,169 30,203 36,243 43,492 52,190 111,701 90,107 46,850 26,154 244,323 290,310 349,093 431,646 510,190 2,500 3,000 3,500 4,500 5,000 185,200 222,240 266,688 320,026 364,031 2,000 3,000 3,500 ~ 4,000 4,500 3,500 4,000 4,500 5,000 5,000 22,000 22,500 23,000 23,500 24,000 3,000 3,000 3,000 3,500 3,500 1,000 2,000 4,00o s,o~ s,ooo 1,000 2,000 4,000 6,000 6,000 1,000 .1,500 2,000 2,500 2,500 221,200 263,240 314,188 375,026 440,531 1,400 1,400 1,400 1,400 1,400 2,000 2,500 3,000 3,000 3,000 1,725 2,400 3,075 3,750 3,750 7,998 10,770 17,430 22,470 24,759 16,000 16,000 10,750 10000 10,000 10,000 10,000 10,000 244,3'23 290,310 349,093 431,646 510,190 25,169 30,203 36,243 43,492 52,190 83,453 146,000 242,000 338,000 .434,000 24,000 24 000 24,000 24,000 24,000 111,701 90,107 46,850 26,154 26,154 NOTE: Landscaping outside of the gate and accessable to the public. Assessment Rate per $100 Assessed Value 0.21 Typical Assessment for Home Valued at $100,000. $ 210.00 Typical Assessment for Home Valued at $115,000 $ 241.50 Typical Assessment for Home Valued at $130,000 $ 273.00 Typical Assessment for Home Valued at $145,000 $ 304.50 Typical Assessment for Home Valued at $160,000 $ 336.00 Typicaf Assessmenrt for Home Valued at $175,000 $ 367.50 Typical Assessment for Home Valued at $190,000 $ 399.00 Typical Assessment for Home Valued at $20.5,000 $ 430.50 Typical Assessment for Home Valued at $220,000 $ 462.00 ~:~: ~~ ~, g a f 9 ~ I 1 ~~ ~o° ~b ,~,,,~, .,.....,s.~,:...,_ ~ - ~ Ny 1~~~^'~~r-~/a .u~ _ ~... i ie r3 ~ ~/'_r~r7" -1i~ ~r(--~' ~ ~ i gi JL~ ;... .~~ r I ~ ~ -~..; i ~ ~~l' ~ ~`-v q-- I ~ ~ - ~ ~ ~ ~ ~-~ ~_,~ 1 F~ S p ~~ ~ gar ! I ~c ~`~ ,. l , ~i 1 ~ (:")~~,~'~,'~ ? ~~ North Riverside Drive - .~ ' ~~~,r y~_` ~ ~~ Old Denton Road ~~ _ ~~I W m vow li r ril^ rJ~J. ~n , ,, i .. ~ ~ ~ --°_~>aa:,orcmy~_ F~ r ~~ / / ~ I ) ('~ u I ~~~ -- _} ~ . -i-- -~ E~~ _ ~- l \ v) I i v '1 ~/ . :: /~ ~__~, - ~ ~ ~ ~ i,: =ti.,: ..,. ~~~-.~~,~ /' ( ~, .~ ~ ~ ~ ..Crawford Road' ~~~ ~~~~ ~ ~ = I /_ j North Beach Street! _ ~ ~; ~--'-,r_-_- ~~, ~_ ~ h 1, a / ~ _I ~g~r _ ~ -1' ~;L 1 -- H~ ~ i ~ - ~ \ 1 ~ ~ ~") I ~- _ f ~ ~~~ 1 ~\ y~ ~. ,. ~ ~ I__ _~ ~, (:~ . I~~' ~ it I ' _r x~ ~ 3 `, ~__.,- _.r_- o a a ~~~ x E ~~~ ~ ~ ~ ' a ~ ~ ~ ~~ =a B ~~~~1 j m ~ 4J iS ~ j1p l~ r 1 ~ F ~ m f f~ ~~ I --- ~.;.I )~ ( (d' 1 I ~ I~~ _ T_ u.~.. _ ~' C. ~~, ~- . y 1, r`~ ~' -_I _ _.~--{ -- f--;~ ~ _NYIA ~'~'-~ ~msi ~---- 4 + ~~%i~~ ~ _- it I--'r~~-~11- ,~-_,I ~ ~ ~ ~ .1 Ir ~- _ :' I ~ . ~ ~ i(('~/ 1/ir AA ~ i)~.,-.-.. I ~„ j~.~ W ( G, ,r i('(~ , ~, '~ II '' ` `~ -- ~' is= ,~, ~ _ r i~ - / ~ _._._ II ~ 1L. i lI I n 1~~~ ah I ~ I 1 / ~ {y `~ r', f ; i ~ I I i p, ~ ~ ' I!~{j~? ~i'~~J% I ( ' ~ ~I~7- >. 0 I' y ' I -ar ar. i ~-j 'I _ ~ _ / ~ / - ~'--~ _(~_ l t .~ ~~ ~ 'i ~ ~ I I ( ~ _ ~~ '~, ~ _ ,: ,.~~_ , ~ ;i, z V ~. .r ~; ~~ City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 8/27/02 G 13713 13 P I D-7 1 of 2 sua,~ECT PUBLIC HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 7 (HERITAGE) 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 PREMIER COMMUNITIES 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 No 7 and 4 Authorize the transfer of $25 169 from the General Fund to the Special Assessment District Fund PID No 7 FY2002 2003 project account; and 5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $25 169 in the Special Assessment District Fund from available funds and 6 Authorize the transfer of $2 500 for administrative fees from the Special Assessment District Fund PID No 7 FY2002 2003 project account to the General Fund and 7 Authorize the City Manager to execute a contract extension with Premier Communities to provide improvements and services in PID No 7 during FY2002 2003 for the sum of $108 622 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 FY2002 2003 budget, as contingency any unencumbered revenues from the PID No 7 assessments from prior years DISCUSSION On September 26 2000 (M&C G-13021) the City Council established Fort Worth Public Improvement District No 7 City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 8/27/02 G 13713 13PID-7 2 of 2 SUBJECT PUBLIC HEARING FOR FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO 7 (HERITAGE) 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 PREMIER COMMUNITIES 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 An improvement district management program to provide for the administration management and operation of the district. FISCAL INFORMATION/CERTIFICATION The Finance Director 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 002507002000 $ 25,169.00 Charles Boswell 6183 6) GG01 481306 0134010 $ 2,500.00 Originating Department Head: 5) GS87 539120 002507002000 $ 25,169.00 Jim Keyes 8517 (from) APPROVED 08/27/02 4) GG01 538070 0905800 $ 25,169.00 ORD.# 15205 Additional Information Contact: 7) GS87 539120 002507002000 $108,622.00 6) GS87 539120 002507002000 $ 2,500.00 Linda Brown 6030