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Home My WebLink AboutPRFD 2009-08-24 Agendas (3)THE BOARD OF DIRECTORS OF THE NORTH RICHLAND HILLS PARKS AND RECREATION FACILITIES DEVELOPMENT CORPORATION AGENDA AUGUST 24, 2009 - 6:15 P.M. For the Meeting conducted at the North Richland Hills City Hall Council Chambers, 7301 Northeast Loop 820, at 6:15 p.m. The below listed items are placed on the Agenda for discussion and/or action. Persons with disabilities who plan to attend this meeting and who may need assistance should contact the City Secretary's office at 817-427-6060 two working days prior to the meeting so that appropriate arrangements can be made. NUMBER ITEM ACTION TAKEN 1. Call to Order 2. FDC 2009-003 Public Hearing on the Park & Recreation Facilities Development Corporation Proposed Operating Budget and Authorize Adoption 3. FDC 2009-004 Public Hearing on the Park & Recreation Facilities Development Corporation Proposed Capital Projects Budget and Authorize Adoption 4. Adjournment Certification I do hereby certify that the above notice of meeting of the Board of Directors of the North Richland Hills Park and Recreation Facilities Development Corporation was posted at City Hall, City of North Richland Hills, Texas in compliance with Chapter 551, Texas Government Code on August 21, 2009 at ~~ m CC_~,~~~Un- Secretary of Corporation NORTH RICHLAND HILLS PARK AND RECREATION FACILITIES DEVELOPMENT CORPORATION Date: 8/24/09 Subject:... Public Hearing on the Park and Recreation Control Number: FDC 2009-03 Facilities Development Corporation Proposed Annual Operating Budget and Authorize Adoption The State laws regarding the Park and Recreation Facilities Development Sales Tax require the Corporation Board to hold a public hearing prior to the adoption of the budget. The notice of this public hearing was published in the Star Telegram newspaper in accordance with State law. The public hearing for the 2009-2010 Park and Recreation Facilities Development Corporation budget was advertised for 6:15 p.m., August 24, 2009. The proposed 2009-2010 Park and Recreation Facilities Development Corporation Annual Operating Budget was reviewed by the City Council on August 7, 2009 at the City's annual budget work session. The proposed operating budget for 2009-2010 is $4,739,893 and the revised operating budget for 2008-2009 is $5,409,497. A summary report is attached for your review. The revenue portion of the operating budget shows a reduction of $503,053 with sales tax revenue accounting for 83% of the reduction. Other reductions include interest income and park impact fees. Revenue for the proposed operating budget has been reduced by $1,174,657 compared to FY 2008-09. Sales tax revenue has been reduced by $417,787 and the other major reduction is from fund balance appropriation. In FY 2008/09 there was an appropriation of $600,000 to offset the expense of $600,000 for the Recreation Center Capital Project. This new recreation center includes $1,100,000 of funds from the half cent sales tax. The first payment of $500,000 was included in the FY 2007-2008 approved budget and the second payment of $600,000 was included in the FY 2008-2009 approved budget. On the expense side, Reserve for Capital Projects has been reduced in both the Revised Budget and the Proposed Budget in response to declining sales tax revenue. The revised budget has been reduced from $688,247 to $212,291 and the proposed budget is further reduced to $30,221. The proposed budget also shows a reduction in the Recreation Center Capital Project of $600,000 since the final payment is scheduled in FY 2008-2009. The summary report of the operating budget is attached for your review. Source of Funds: Bonds Operating Budget 'n ~/ Director Parks and Recreation Account Number Treasurer RPO TI N PRESIDENT I FDC ACTION ITEM I Page 1 of 2 CITY OF NORTH RI CHLAND HILLS In the attached summary you will find the continuation of the Economic Development Incentive Fund in the amount of $209,442 which represents 5% of the Park and Recreation Facilities Development Corporation projected sales tax for 2009-2010. The funds can be used for infrastructure improvements as well as other incentives for economic development. The Park and Recreation Facilities Development Corporation Board met on August 24, 2009 to discuss the proposed 2009-2010 Park and Recreation Facilities Development Operating Budget. The Board consensus was to support the proposed budget and submit it for the public hearing on August 24, 2009. The operating budget will be presented during the public hearing. In order to obtain maximum input of the citizens on the proposed budget, it is suggested that the public hearing be opened and public comment permitted. Recommendation: To conduct a public hearing and to take action to approve the revised 2008-2009 and the proposed 2009-2010 Annual Operating Budget and recommend Council approval. CITY COUNCIL ACTION ITEM Page 2 of 2 FISCAL YEAR 2009-2010 SCHEDULE 6 -SUMMARY OF REVENUES AND EXPENDITURES PARK AND RECREATION FACILITIES DEVELOPMENT FUND ADOPTED REVISED PROPOSED ACTUAL ACTUAL BUDGET BUDGET BUDGET FY 2006/07 FY 2007/08 FY 2008/09 FY 2008109 FY 2009/10 REVENUES Sales Tax $4,284,040 $4,410,260 $4,606,600 $4,188,813 $4,188,813 Interest Income 148,881 174,935 155,000 43,522 38,280 Youth Assn. Maintenance Fees 42,777 77,421 35,500 52,000 33,000 Tennis Center Revenue 312,698 320,838 313,200 309,500 314,400 Transfer in from Aquatic Park Fund 0 60,000 60,000 60,000 62,400 Transfer in from Gas Development Furn 0 400,000 0 0 0 Park Impact Fees 111,121 54,561 141,250 47,000 100,000 Intergovernmental 190,692 (27,801) 0 0 0 Contributions 3,300 3,600 3,000 3,000 3,000 Insurance 0 27,077 0 25,000 0 Other Income 0 0 0 64,000 0 Appropriation -Fund Balance 0 0 600,000 616,662 0 TOTAL REVENUES $5.093.509 $5.500.891 $5.914.550 $5.409.497 $4.739.893 EXPENDITURES Operating Park Facilities Development Admin. Parks & Public Grounds Tennis Center Operations Sub-Total Other & Reserves Debt Service -Revenue Bonds Debt Service -CO's Indirect Costs Non-Departmental Reserve for Economic Development Recreation Center Capital Project Reserve for Capital Projects Sub-Total I TOTAL EXPENDITURES BALANCE $464,474 $549,153 $580,475 $578,388 $609,087 1,325,014 1,438,533 1,602,937 1,598,333 1,668,543 485,187 508,089 591,709 589,892 592,264 Q'~ '~7i1 R7~ @'1 AC~~ 77~ Q7 77G ~ n~ @n ACC c~ ~ Qn ocn one $1,138,083 $1,132,213 $1,124,300 $1,124,300 $1,125,202 191,918 189,911 180,381 180,381 173,768 274,332 288,049 302,451 302,451 317,574 14,181 12,744 14,020 14,020 13,792 117,693 224,712 230,030 209,441 209,442 0 500,000 600,000 600,000 0 664,768 430,577 688,247 212,291 30,221 ~7 df1f1 07~ ~7 7752 7n~ Q4 ~ ~o ^ 7o Q~ a~ ~ QQ~ Q~ Q~n nnn Q~ R7~ ~~n @~'~7Q ~Q~ @~ n~~ ~~n Qc .inn ~n~ Qn ~~n one $417,859 $226,910 $0 $0 $0 II NORTH RICHLAND HILLS PARK AND RECREATION FACILITIES DEVELOPMENT CORPORATION Date: 8/24/09 Subject: Public Hearing on the Park and Recreation Control Number: FDC 2009-04 Facilities Development Corporation Proposed Capital Projects Budget and Authorize Adoption The State laws regarding the Park and Recreation Facilities Development Sales Tax require the Corporation Board to hold a public hearing prior to the adoption of the budget. The notice of this public hearing was published in the Star Telegram newspaper in accordance with State law. The public hearing for the 2009-2010 Park and Recreation Facilities Development Corporation Fund was advertised for 6:15 p.m., August 24, 2009. The proposed 2009-2010 Park and Recreation Facilities Development Corporation Annual Capital Budget was reviewed by the City Council on August 7, 2009 at the City's annual budget work session. The proposed capital budget for 2009-2010 is $2,273,612 and includes 11 continuing projects and five new projects including Fossil Creek Park Revitalization Project, Park Infrastructure Maintenance, Richland Tennis Center Asset Management Improvements and Walker's Creek Park Phase Two Development. Design of the new $22 million recreation center is underway with public meetings recently completed regarding the possible inclusion of senior services at the new recreation center. If City Council approves the addition of senior facilities t the new recreation center, all associated costs will be provided through the Park and Recreation Facilities Development Corporation and the Walker's Creek Project will be delayed. The Park and Recreation Facilities Development Corporation is also providing $1.1 million in funding for engineering and design of the new recreation center and the TIF #2 will fund the remaining amount. Included in 2008-2009 is $600,000 for engineering and design services. The Park and Recreation Facilities Development Corporation Board met on August 24, 2009 to discuss the proposed 2009-2010 Park and Recreation Facilities Development Capital Budget. The Board consensus was to support the proposed capital budget and submit it for the public hearing, August 24, 2009. The Capital Projects Budget will be presented during the public hearing. In order to obtain maximum input of the citizens on the proposed budget, it is suggested that the public hearing be opened and public comment permitted. Recommendation: To conduct a public hearing and to take action to approve the proposed 2009-2010 Capital Projects Budget and recommend Council approval. Source of Funds: Bonds Operating Budget Directo of Parks and Recreation Account Number ~ -v~ ~- Treasurer RPO TI N PRESIDENT I FDC ACTION ITEM Page 1 of 1 Schedule 4 2DQ912D'i 0 Park and Recreation Capital Projects Budget Summary Map ~ r c 1D ~ Nd. Protect .Proposed ... Ta Date ` oos 201:0: Estimated Remaining 0 0120 1 to n T Cenfinuinn Prefects 1 11 PK9702 Boulevard 26 Multi-Use Trait ISTEA $150,609 ~ ~`~$578~514<; $0 $0 2 13 PK9601 Callowa Branch Troll Development CMAQ 1$3,991 ~~ : <~88 447;° 338,781 338,781 - i3 PKO5o3 Central West Nei hbofiood Park' 0 ~ ~ ~.':0 800,000 800,000 3 17 PK0402 Davis Boulevard Streetscape xD4 13,244 1~i5 15fi. 0 0 4 19 PK0902 Education and interpreiative Si a e 17,500 ;: ~:::::_1 Obi30; 10,000 0 - 21 PKO7o2 Founders and L c Reco nition ram T0,000 ~.• 20 0(H}.~ 0 0 5 23 PK0705 Grand Avenue Park Piaza 100 000 ~: ;::2QOD00` 0 0 6 25 PKOSa4 Li htin at Ti s Canine Hollow 10 000 ~.~..''l.0.9~ OOQ:` 1,000 0 7 27 PK9ti02 little Bear Credo Trail Develo meat ISTEA 330 496 ~ ~..::5350~0; 1,534 504 0 8 29 PK0304 Public Art at Grand Avenue Park Plaza 140,000 ~ ;~ :,'f0 DDO:; 0 0 - 30 PKOSOS Trait SI na and Identlfcation 15 000 ~`::~~..:15~D.' 15,000 0 7otai .Conti.r-uing Protecf$::: ~ ~. ~ ~ . . New Prdiecfs #729,183 928,000 1,so4,444 164,400 37,500 90,040 300,000 1zo,oo4 2,400.000 150,880 45,000 ..::.:.81 ~ ' •6 564 083. :~:` #''01:6°84'0 ;:..., ... '~ 09`777:; :: ~:~ 2`69$`285:.; ;. $'E 138 7 . S.. . ..:$.....::~. 54,7,,:..,........... 5.:.. ,....:....... ,,~ .. ~ .. , • 31 TEMPPKf001 Annual Tree Plantin 2010 $0 .::$35 OOQ,i $0 $0 9 33 TEMPPK1002 Fossil Creek Area Revitalization Pr 'ect ~ 0 ;.?:'10;00:': 290,000 200 000 • 35 TEMPPK1t)03 Park infrastructure Maintenance 2010 0 ~,~:>_11;9*435' 0 D 10 37 TEMPPKfo04 Richland Tennis Center Asset Marra ement 2010 0 ~:: "."fi0000':; 0 0 11 39 TEMPPKf 045 Walker's Creek Park Phase 2 Adult Softball 0 ~:' .~340;b00:: 2,580 000 580 000 535,000 500,000 119,435 s4,oo4 3,500,08D Total.New.PrP'eCts. ~ :: • ~ ~.: ~ 50. ..: 564 435 .. `: .. -:52870 ODO.:~.. ~::.578Q'000:.. , .:;54;21443b.:. .... J.... .. .. Future Proiects :... :... 2007 Park Master Plan Future Priaritles~ $0 ~ `~ `:$0:~: $0 $3,000,000 - - Asset Marra ement • Park infrastructure 0 ~ ~" :ll . 130,535 235,220 - - Central Senior Cenier 0 = ~>©': 0 0 12 - Cross Timbers Park Develo meet Phase II 0 ~ 'i):; 0 0 13 - Little Bear Creek Cornmtmit Park 0 ~ : ; ~::0. 0 0 14 - Narthfaeld Park Redevelo eni 0 : 0 ` 0 3,500,004 15 Ston rooks Nel hbarhood Park 0 ~ :~ ' :~:o: 0 0 $3,084,000 5365,755 So 0 8 3,300,080 0 .~ , .. Total.Future:Prptects .:.:. ~: ~.~~. `:~° .. ~~: ~ ~ ~ ~ ... :.50:~~ ,:.' ..,: _::::;$~' ~ ~ ~° :5130;535 ::~ :`..56;71b22Q.:.; ~~. ~368t35755.. Tots[° Pro ect Costs .. .: :: ~ ::...:: . ~ ~ '.~1 ~ 016 844::::::::2 273 6'l~2:. ~~: ; ..~8,69982Q:.'::::;.8;664;007..° .:~'! 7;644;273 :. . t .. ~ , Sources of Funds ~ . ... ~ . Certificates of ~bli atians 0 ~ .':SOU,n00; 2,SOO,OQO 600 000 Sales Tax Reserve for CIP $2,555,531 :: ;'$2r~8 435.: $345,535 $7,694,952 ~thef 79,346 ~ ~ : '.'~~:0 0 0 Grant Funds 388 668 ~:.•~~ ;5937 52R. $1,587 858 288,428 53,500,000 ;i 0,864,453 579,346 - 3,280,474 .... . . . ... .. ,. Total,5butces of.:Ftinds: ~ ..., .: .: ~ ~.. ~ ~ .:$3,823545 :.:: ~~;;705~955..;~°; :_.:;~.4433393,.~ :;:5:648'i:3,80':; ~.:51.7644z73.: . 1. Project 7o Data arstaunt reflects the projecCs proprass as approved by Council. PARR projt:ds addkianet land aor;ulstUan oasts, which have been discussed with Council though na format reWaions has been sutxdttad at this time. The revision wiA be submitted once the full impad has been ascertained. The i.orrg Ranpa Plan reflects the andapaied increase h land acquisition. Z. Projects that may be hduded h the "2a0~ Park Master Plan t=uture Wiaitles" Include, not fn arty specific order. Norich Park Phase ii, Cross Tunt~ers Phase tl, Amphitheater. SkateboaN Park. l3otar~ic Garden, Fosse Creek improvements, and Neighbofiood Park in the Central fast Area. Addit'wnal funds wUt be albcat,ed h future years to complete all fire prtoritiea.