Proposed Ryan Place Fort Worth Public Improvement District 15
The RPIA Board of Directors approved to investigate the feasibility of a Public Improvement District (PID) at the beginning of 2011. The scope of the PID would be to hire private security to patrol residential property within Ryan Place boundaries.
What is a Public Improvement District?
Public Improvement Districts (PID) allows any city to levy and collect special assessments on property that is within the city. That assessment is allocated and used only within the boundaries set in that district. The PID can provide a means to fund supplemental services and improvements to meet community needs which could not otherwise be constructed or provided and be paid by those who most benefit from them.
Are there other neighborhood Public Improvement District in Fort Worth?
Yes. There are two existing neighborhood PIDs located in North Fort Worth: Park Glen and Heritage Park, and two in development; Chapel Hill and Trinity Bluff. The commercial PIDs are: Downtown, Camp Bowie, Stockyards, and Railhead.
Why is a Ryan Place PID being proposed?
The scope of the proposed Ryan Place PID is to hire a private security patrol. If Ryan Place residents approve the proposed PID all residential property owners within Ryan Place boundaries will be assessed the same amount for the same service.
What are the PID commitments?
The City requires a five year commitment if the PID is approved and residential property owners will pay the assessed amount.
PID Approval Process/Timeline:
Step 1 – |
The proposed PID petition will be approved by the residential property owners by two of three categories:
50% + 1 appraised value; PLUS 50% + 1 land mass; AND/OR 50% + 1 property owners. |
Step 2 – |
Monday, May 16, 2011: First neighborhood PID meeting during RPIA monthly meeting. |
Step 3 – |
June 2011: RPIA Board of Directors approved to hire Texas Industrial Security if the proposed PID is approved. |
Step 4 – |
Mid August – September – October 2011: Continued meetings with residents. (See below schedule.) |
Step 5 – |
Monday, August 15, 2011: Second neighborhood PID meeting during RPIA monthly meeting. |
Step 6 – |
Monday, November 21, 2011: Final neighborhood PID meeting during RPIA monthly meeting. Petition signatures will have been completed and an announcement will be made whether the required percentages have been met. |
Step 7 – |
January 2012 - The proposed PID petition, with signatures, is presented to the City for review and verification of signatures. |
Step 8 – |
Public Hearings: If the required percentages are met, City Council will conduct two public hearings prior to approving the PID by Fall 2012. |
Step 9 – |
Assessments: If the proposed PID is approved by the City Council, TAD will collect the assessments at the end of 2012. |
Step 10 – |
PID Funding: RPIA receives the assessments and pay the security company to begin working January 2013. |
How is the proposed PID funded?
The Tarrant County Appraisal District (TAD) will assess the PID amount on your property tax statement. If your property taxes are paid by your mortgage company they will escrow this amount and pay it for you. If you pay your property taxes you will pay the PID assessment when you receive your property tax statement.
What will the PID Assessment be?
The City allows each PID district to determine what the PID assessment will be. The assessment can be based on a specified percentage of your appraised property value, or it can be a specified amount. The proposed Ryan Place PID is based on a specified amount so everyone pays the same amount for the same service.
If the proposed PID is approved, RPIA will sign a contract with a security company. The security patrol contract cost will be divided equally between the residential property owners. Because of the lengthy timeframe of the approval process we cannot guarantee exactly what the assessment will be. See the 5-Year budget.
What is included in the proposed PID Assessment?
The City requires a 5-Year Projected Budget to be included in the proposed PID petition. The below budget will be submitted.
Revenue Projections |
10/1/2012 |
10/2/2013 |
10/4/2014 |
10/6/2015 |
10/8/2016 |
thru |
thru |
thru |
thru |
thru |
9/30/2013 |
9/30/2014 |
9/30/2015 |
9/30/2016 |
9/30/2017 |
| TOTAL REVENUES |
|
|
|
|
|
| Security Assessment Fee* |
142,828.00 |
149,969.40 |
157,467.87 |
165,341.26 |
173,608.33 |
| Contingency Fee** |
12,180.00 |
12,789.00 |
13,428.45 |
14,099.87 |
14,804.87 |
TOTAL |
155,008.00 |
162,758.40 |
170,896.32 |
179,441.14 |
188,413.19 |
| TOTAL EXPENSES |
|
|
|
|
|
| Yearly Security Contract Fee |
142,828.00 |
149,969.40 |
157,467.87 |
165,341.26 |
173,608.33 |
| City Administration Fee*** |
3,100.16 |
3,255.17 |
3,417.93 |
3,588.82 |
3,768.26 |
TOTAL |
$145,928.16 |
$153,224.57 |
$160,885.80 |
$183,029.96 |
$192,181.46 |
Yearly Assessments |
$177.56 |
$186.44 |
$195.76 |
$205.55 |
$215.82 |
*Security Assessment Fee - is the yearly security contract fee.
**Contingency Fee - is equivalent to one monthly assessment per property owner. The contingency fee will be used to pay the City Administration Fee and shortages for nonpayment of PID assessments.
***City Administration Fee - is $2,000 or 2% of the private property assessments, whichever is greater.
What is the Contingency Fund?
RPIA needs to ensure that it collects enough assessments to guarantee that the PID funds are adequate to cover the security contract fee for the whole year. The contingency fee is equivalent to one extra month's assessment per property owner. The contingency fee will be used to pay the City Administration Fee and shortages for nonpayment of PID assessments.
What services will be provided by the security company?
The residential security patrol service will include:
- 16 hours per day, 7 days a week, unarmed officer residential mobile security patrol throughout neighborhood boundaries.
- Security Officers will conduct an inspection of property in case of alarm; conduct vacation patrol checks; and escort to property entry as requested by property owner.
- TIS dispatch is available 24/7 via landline and cell phone in case of any issue, emergency, etc., and TIS has field supervisors in Fort Worth on a 24/7 basis as well.
- Observe and report any suspicious activities to police and for neighborhood security alert communications.
- Work closely with police on any current activities and give reports during neighborhood meetings.
When are the Resident's Meetings?
The PID committee has scheduled the following meeting dates to present PID information to residents. Each street has two different meeting dates to give property owners the option to choose one meeting to attend.
| Lipscomb, Alston, and College |
Tuesday, August 9 or Thursday, September 15 |
| S. Adams |
Thursday, August 11 or Tuesday, September 13 |
| Ryan Place Dr. |
Tuesday, August 16 or Thursday, September 22 |
| 5th Ave. |
Thursday, August 18 or Tuesday, September 20 |
| 6th Ave. |
Tuesday, August 23 or Thursday, October 6 |
| Willing Ave. |
Thursday, August 25 or Tuesday, October 4 |
| Ryan Ave. |
Wednesday, September 7 or Thursday, October 13 |
| 8th Ave., James Ave., Stanley Ave., Jessamine, Page, Elizabeth Blvd., Capps, Cantey, and Lowden |
Thursday, September 8 or Tuesday, October 11 |
The meetings will be held at St. John’s Episcopal Church, in Mitchell Hall, 2401 College Ave., at 7 pm on the above dates. It is important for ALL Ryan Place residents to attend one of the meetings scheduled for your street. This will be your opportunity to ask questions and sign the petition.
Proposed PID 15 Boundaries Map
If you would like to print the above information please open this PDF file.
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