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Home My WebLink AboutOrdinance 14786ORDINANCE NO ~E~~~--- AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $5,000 00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FISCAL YEAR 2001-02 FUNDING FOR FORT WORTH PUBLIC IMPROVEMENT 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 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 the Fiscal Year 2001-02 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 $5;000.00 from available funds for the purpose of providing fiscal year 2001-02 funding for the Fort Worth Public Improvement District No. 7 SECTION 2. 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 itt full force and effect. SECTION 3 That this ordinance is the first of such ordinances that shall be cumulative 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 and after the date of its passage, and it is or ordained. APPROVE TO RM AND LEGALITY Assistant City Attorney ~~" 9~~~~0~ Date ~~.~ a~ Adopted ~~~~f Effective REVISED FNE YEAR SERVICE PLAN Public Improvement District #7 (Heritage) 8/10/2001 REVENUE PROJECTS Assessment Revenues City Reimbursement Hillwvod Subsidy TOTAL REVENUES FY 01 /02 FY 02/03 FY 03!04 FY 04/05 FY05/06 EXPENSE PROJECTIONS City Administration Mowing/Edging/Irrigation Cks/Bed Maint/1Nater/Elec Irrigation Repairs Plant Material Replacement Amenity Center Landscaping (see note) Hoi'~day Lighting Mairrtenanceaf Special Lights, Tile Insets, Street Signs Fence Painting/Repairs Ground Lighting Maintenance Sub-Total Maintenance Capital Reserve for Replacement Annual Audit Insurance Administrative Supplies and Expenses Community Programs (Social, Web-site, Directory) PID Management (67°k paid by PID) On-Site Manager (50°~ paid by PID) Contingency TOTAL MAINTENANCE AND OTHER EXPENSES 24,978 41,800 77,080 154,400 240,949 5000 7500 10000 12500 15000 151,208 158,543 211,316 176,793 231,635 181,186 207,843 298,396 343,693 487,584 10,000 10,000 10,000 10,000 10,000 127,850 142,750 221,000 250,950 364,000 2,500 3,000 3,500 4,000 4,500 1,000 2,000 3,000 4,000 5,000 13,224 15,500 16,500 17,500 18,500 1,500 2,000 2,500 3,000 3,500 500 1,000 2,000 4,000 6,000 500 1,000 2,000 4,000 6,000 500 1,000 1,500 2,000 2,500 157,574 178,250 262,000 299,450 420,000 1,000 1,000 1,000 1,000 1,000 1,325 1,325 1,325 1,325 1,325 2,000 2,000 2,500 3,000 3,000 1,575 1,725 2,400 3,075 3,750 1,800 2,287 2,625 2,965 3,300 5,912 11,256 16,546 22,878 29,209 16,000 10,000 10,000 10,000 10,000 10,000 181,186 207,843 298,396 343,693 487,584 Less City Reimbursement 5,000 7,500 10,000 12,500 15,000 Less Assessment Revenues 24,978 41,800 77,080 154,400 240,949 Total Hillwood Subsidy 151,208 158,543 211,316 176,793 231,635 Note. Assuming 50% of the landscaping is outside of the gate and is accessible to the public, it is split between PID and HOA Assessment Rate per $100 of Assessed Value 0.21 Typical Assessment for Home @ $ 100,000 $210.00 Typical Assessment for Home @ $ 115,000 $241.50 Typical Assessment for Home ~ $ 130,000 $273,00 Typical Assessment for Home @ $ 145,000 $304.50 Typical Assessment for Home @ $ 160,000 $336,00 Typical Assessment for Home @ $175,000 $367.50 Typical Assessment for Home @ $190,000 $399.00 Typical Assessment for Home @ $205,000 $430.50 Typical Assessment for Home ~ $220,000 $462.00 .r u dJl 'I W - I~~d 5 ~ a.~ ~ ~~ e H% ~ ~ v ~-r ~ e S a 4 c` c W d ~ ~eg ~ x e ~l~g~ _ ~9 d tl o r:._--,rte-.~ ~~ f ~t _ _ ~--. _~- _ _ j 1 _ __ I _ _ . _~ ~ -; ~. , ~ , ~ ,r.1~- -- -- I i ~. l ~ , ~ - - -.- ~ , ~ .i E. •~ Ali ~_ I _. _ T ly < < ~ r .=.i , _ __ !~I ~ _ - _ - -- - - -- ~I. I i ! / / .1 i:.',a-;l \~ 11 L I ' ~~ ,~_ ~ _ ul r.usn ~~_~~ ~ ~II~---II ,'' _ _ .~`.. 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"~ - _... -- I i ~~ xa !~~I S J City of Fort Worth, Texas ~1-~Ayo~ And Caunc~( Catnl~tun~cAtyan DATE REFERENCE NUMBER LOG NAME PAGE 9/25/01 G-13384 13PID7 1 of 2 SUBJECT PUBLIC HEARING FOR THE 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 2001- 2002, ADOPT AN ORDINANCE APPROPRIATING CERTAIN FUNDS FOR THE DISTRICT, AND AUTHORIZE A CONTRACT 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 FY2001-2002; and 2. Adjourn such public hearing, and 3 Approve the attached service plan and budget for FY2001-2002 as recommended by the Advisory Board of Public Improvement District (PID) No 7, and 4 Authorize the transfer of $5,000 from the General Fund to the Special Assessment District Fund, PID No 7, FY2001-2002 project account; and 5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $5,000 in the Special Assessment District Fund from available funds, and 6 Authorize the transfer of $10,000 for administrative fees from the Special Assessment District Fund, PID No 7, FY2001-2002 project account to the General Fund, and 7 Authorize the City Manager to execute a contract with Premier Communities to provide improvements and services in PID No 7 during FY2001-2002 for the sum of $24,978, and 8 Adopt the proposed 2001 assessment roll which is on file with the City Secretary and set Tuesday, October 16, 2001 at 10.00 a.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 October 16, 2001 hearing in accordance with State law; and 10 Approve adding to the 2001-2002 budget, as contingency, any unencumbered revenues from the ,, PID No 7 assessments from prior years ~, City of Fort Worth, Texas ~1-~A~o~ And ~ounc~l C,o~rt~rtun~cAt~on DATE REFERENCE NUMBER LOG NAME PAGE 9/25/01 G-13384 13PID7 2 of 2 SUBJECT PUBLIC HEARING FOR THE 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 2001- 2002, ADOPT AN ORDINANCE APPROPRIATING CERTAIN FUNDS FOR THE DISTRICT, AND AUTHORIZE A CONTRACT WITH PREMIER COMMUNITIES TO PROVIDE MANAGEMENT SERVICES FOR THE DISTRICT DISCUSSION On September 26, 2000 (M&C G-13021), the City Council established the 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 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 the adoption of the attached appropriation ordinance, funds will be available in the current 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 002700002000 $ 5,000.00 ~~Oy~D Charles Boswell 8511 6) GG01 481306 0134010 $10,000.00 Originating Department Head: 5) GS87 539120 002700002000 $ 5,000.00 CI TY ~OUNC I~. S E P 0 . Jim Keyes 8517 (from) 5 20 1 2 4) GG01 538070 0905800 $ 5,000.00 ,) Additional Information Contact: 7) GS87 539120 002700002000 $24,978.00 ~ ~.G.,u.•.l 6) GS87 539120 002700002000 $10,000.00 City Secr•tsry of ihs ' Judy Walton 8334 Cite of Fart Werth, Y QZ'&f Adopted Ordnance Pio. ~--- F~