HomeMy WebLinkAboutOrdinance 11028h_
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ORDINANCE NO /~~~~
AN ORDINANCE APPROPRIATING $115,454 00 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 LAKE
WORTH LEASES, PROVIDING FOR A SEVERABILITY
CLAUSE, MAKING THIS ORDINANCE CUMULATIVE
OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH,
PROVIDING FOR ENGROSSMENT AND
ENROLLMENT; 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 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 $115,454 00, thereby decreasing the
unrestricted, undesignated Retained Earnings by the same amount for the
purpose of acquiring the following leasehold improvements on Lake Worth.
Lot 8, Block 28, from Robert A. White and wife
Minnie W White for $65,000 00
Lot 12R, Block 28, from Frances Peebles for
$50,454 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.
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hereby expressly repealed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
City Attorney
Date __iZ_.?S_~2_
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Ad o p to d _ ~~~~~`~ ------------
Effective ___________________________
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acCCU;;rrrt~ r City of Fort worth, Texas
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02/25/92 REFEREN E UMBER
**L-10857 L NAME
060ND0 PAGE
1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION - ACQUISITION OF LAKE WORTH LEASEHOLD IMPROVEMENTS
- PHASE II
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing the Water and
Sewer Operating Fund appropri-anion by $115,454 and decreasing the Unrestricted,
Undesignated, Retained Earnings of the Water and Wastewater Operating Fund by the
same amount, and
2. Authorize the City Manager to acquire the leasehold improvements located on the
following Lake Worth leases:
A. Lot 8, Block 28, from Robert A. White and wife, Minnie W. White, for
$65,000.
B. Lot 12R, Block 28, from Frances Peebles, for $50,454.
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
Checks will be made payable to designated title companies.
This property was appraised by Paul Ondo, MAI.
This property is located in DISTRICT 7.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that upon adoption of the supplemental
appropriations ordinance, funds required for this expenditure will be available in the
operating budget of the Water and Sewer Operating Fund.
MG:k
Su Otte for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: to y~ ~~
PE45 539120 0601000 115,454 0 Q~~R~
Mike Groomer 6140 ~~~ C®VI~Ci~
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Originating Department Head ted Ordnance No
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Joe Bilardi 8025 from FHB 25 1992
For A tiona Information ~
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Contact /
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Jane Goodspeed 8363 s>~8to:s of tru
Cit7 of For~ Worth. Tsxw
=~ Printed on recyGed paper