M&C Review


COUNCIL ACTION:  Approved on 8/14/2018 

DATE: 8/14/2018 REFERENCE NO.: BH-384 LOG NAME: 13FMS PID7FY19 BENEFIT
CODE: BH TYPE: NON-CONSENT PUBLIC HEARING: YES
SUBJECT:  

Conduct Public Benefit Hearing Regarding the Proposed Fiscal Year 2018-2019 Budget, Five-Year Service Plan and Proposed 2018 Assessment for Public Improvement District No. 7, Heritage (COUNCIL DISTRICTS 4 and 7)


RECOMMENDATION:

It is recommended that the City Council:

1.  Conduct a public benefit hearing to receive comments on the proposed budget, Five-Year Service Plan, and proposed assessment for Fort Worth Public Improvement District No. 7, Heritage, for Fiscal Year 2018-2019;

2.  Approve the filing of the proposed 2018 Assessment Roll for the Heritage Public Improvement District with the City Secretary for public inspection; and

3.  Set a public benefit hearing for August 21, 2018 at 7:00 p.m., for final approval of the Heritage Public Improvement District's Fiscal Year 2018-2019 Budget, Five-Year Service Plan, and 2018 Assessment.

 
DISCUSSION:

On September 26, 2000, the Mayor and City Council adopted Resolution No. 2675 establishing the Heritage Public Improvement District (PID).State law requires an annual report on the proposed budget and Five-Year Service Plan, which are attached.  The general nature of the proposed improvements and/or services to be provided in the PID include:

  • A Landscaping, Construction, and Maintenance Program consisting of planting and maintenance of special supplemental landscaping, the maintenance of supplemental irrigation systems, fountains, ponds, and parks;  
  • Specialty lighting and street sign maintenance along boulevards, parks, and open spaces;  
  • Select fence maintenance in and along boulevards, perimeters, and open spaces;  
  • Supplementary security services;  
  • A Public Events Program consisting of recreational activities, special events, and holiday lighting;  
  • Capital Improvements benefitting the PID; and  
  • A management program to provide for the administration, management, and operation of the PID, which includes a key person to respond to neighborhood issues and the unique daily needs of the property owners within the PID.

The City's Payment In-Lieu of Services, which is included as a line item on the Five-Year Service Plan, will require a transfer of City funds.  The City's Payment In-Lieu of Services is a supplement to the PID budget and intended to provide for the standard level of improvements and services as comparable to what would be provided by the City for the taxpayers generally. On February 13, 2018, the City Council adopted a Revised Policy for Operating Public Improvement Districts (Resolution 4905-02-2018), which sets forth the City's administrative fee structure for all PIDs.  The City's administrative fee is set at the greater of: (1) two percent (2%) of the projected externally generated revenue for that year, to include special assessments and any City contributions; or (2) $2,000.00.

The proposed 2018 Assessment Rate on property subject to assessment in the PID is $0.20 for residential properties and $0.11 for commercial properties per each $100.00 of valuation.  The proposed 2018 Assessment Roll for the PID will be filed with the City Secretary and available for public inspection during normal business hours at any time prior to the August 21, 2018 Public Benefit Hearing.

For fiscal year 2018 (tax year 2017) PID 7 levied an assessment rate of $0.21 cents for each $100.00 of property value for residential property and $0.11 cents for each $100.00 of property value for commercial property. The PID experienced growth in net taxable value equal to 7.2%, or $67,297,370.00 allowing for the residential assessment rate to be reduced by $0.01. Thus, the recommended fiscal year 2019 (tax year 2018) assessment rate is $0.20 for residential and $0.11 for commercial per $100.00 of property value.

The Heritage PID is located in COUNCIL DISTRICTS 4 and 7.

This M&C does not request approval of a contract with a business entity.

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that this action will have no material effect on City funds.  Subsequent actions will formally establish the assessment rate and the corresponding budget for Fiscal Year 2019.

TO
    Fund Department
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Account Project
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Program Activity Budget
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Reference #
(Chartfield 2)
Amount

FROM
    Fund Department
ID
Account Project
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Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

Submitted for City Manager's Office by:
Susan Alanis (8180)
Originating Department Head:
Aaron Bovos (8517)
Additional Information Contact:
Angela Estrada (8511)

 
 
ATTACHMENTS
  PID-7_Heritage_orthos.pdf
  PID7_fiveYearServicePlan_080619.pdf