HomeMy WebLinkAboutOrdinance 11010r;
ORDINANCE NO ~w
AN ORDINANCE APPROPRIATING $200,362 TO
THE WATER AND WASTEWATER OPERATING FUND
AND DECREASING THE UNRESTRICTED,
UNDESIGNATED RETAINED EARNINGS BY THE
SAME AMOUNT FOR THE PURPOSE OF ACQUIRING
THE LEASEHOLD IMPROVEMENTS ON FOUR LAKE
WORTH LEASES, PROVIDING FOR A SEVERABILITY
CLAUSE; MAHING THIS ORDINANCE CUMULATIVE
OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH,
PROVIDING FOR ENGROSSMENT AND
ENROLLMENT; AND PROVIDING A1V 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 1991-92 and in the Budget of the City Manager, there
shall also be increased appropriations in the Water and Wastewater
Operating Fund in the amount of $200,362, thereby decreasing the
unrestricted, undesignated Retained Earnings by the same amount for the
purpose of acquiring the following leasehold improvements on Lake Worth.
Lot 7R, Block 28, from B W Dixon Estate and Mary
F Dixon for $51,076 00
Lot 10, Block 28, from Regan T Houston Estate and
Mary E Houston for $46,286 00
Lot 4, Block 22, from J W Ashley and Bernice
Ashley for $38,000 00
Lot 3, Block 28, from B E Ellis for $65,000 00
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 judgement 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.
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SECTION 3
That this ordinance shall be cumulative of Ordinance No 10892 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and appropriations are hereby expressly repealed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
The City Secretary of the City of Fort Worth is hereby directed to
engross and enroll this ordinance by copying the caption and
effective date into the minutes of the City Council and by filing this
ordinance in the ordinance records of the City of Fort Worth
SECTION 5
This ordinance shall take -effect and be in full force and effect from
and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
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City Attorney
Date ~ ' ~- %~
Adopted _~ =~ 7 _~_ _ __
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Effective ~~ 7" '~
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City of Fort Worth, Texas
Mayor and Cousu~il Communica~~on
DATE 02/04/92 REFEREN E NUMBERL-10832 LOG NAME 06II PAGE 1 of 1
SUBJECT AC UISITION OF LAKE WORTH LEASEHOLD IMPROVEMENTS - PHASE II
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the acquisition of leasehold improvements located on the following Lake
Worth leases:
A. Lot 7R, Block 28, from B. W. Dixon Estate and Mary F. Dixon for $51,076.00.
B. Lot 10, Block 28, from Reagan T. Houston Estate and Mary E. Houston for
$46,286.00.
C. Lot 4, Block 22, from J. W. Ashley and Bernice Ashley for $38,000.00.
D. Lot 3, Block 28, from 6. E. Ellis for $65,000, and
2. Adopt the attached supplemental appropriation ordinance increasing the Water and
Wastewater appropriation by $200,362.00 and decreasing the Unrestricted,
Undesignated, Retained Earnings of the Water and Wastewater Operating Fund by the
same amount..
DISCUSSION:
On March 4, 1981, M&C G-4890, the City Council approved the Lake Worth Land Use and
Management Plan as prepared by Carter & Burgess, Inc. The leases in Phase II of this
plan expired January 31, 1992. These leases are in that phase.
This property was appraised by Paul Ondo, MAI.
Checks will be made payable to designated title companies.
This property is located in DISTRICT 7.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that upon adoption of the supplemental
appropriation ordinance funds required for this expenditure will be available in the
Water and Wastewater Operating Fund.
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: to _ ~;~~~X~~.~ 9~Y
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Mike Groomer 6140 PE 539120 0601000 00, 362 0 ~"''~
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Originating Department Nea ~
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Joe Bilardi 8025 from
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Contact:
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Jane Goodspeed 8363 City g~p=mtaxY o
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Prirrted on regded paper