HomeMy WebLinkAboutOrdinance 11193.,
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ORDINANCE N0.~1 ~~~
AN ORDINANCE APPROPRIATING $42,000 00 TO THE WATER AND
WASTEWATER OPERATING FUND AND DECREASING THE
UNRESTRICTED, UNDESIGNATED RETAINED EARNINGS BY THE
SAME AMOUNT FOR THE PURPOSE OF ACQUIRING 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, 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 1992-93
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 $42,000 00 thereby decreasing the unrestricted,
undesignated Retained Earnings by the same amount for the purpose of acquiring leasehold
improvements on Lake Worth lease Lot 4, Block 28, from Teddilynn Wilson.
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 judgment 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 11151 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of said prior ordinances and appropriations are hereby expressly repealed.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
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
~& Pu~7 City Attorney
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Date
Adopt d
Effective
Caty of Fort Worth, Texas
~~~ Mayor and Council Communication
.DATE REFERENCE NUMBER*"L-1 1 093 L G NAME PAGE
10/27/92 30TEDDI 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 appropriations by $42,000.00 and decreasing the Unrestricted,
Undesignated, Retained Earnings of the Water and Sewer Operating Fund ,by the same
amount, and
2. Authorize the City Manager to acquire the leasehold improvements located on Lot
4, Block 28, Lake Worth Leases, from Teddilynn Wilson for $42,000.00.
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. This lease is in that phase.
A check will be made payable to a designated title company.
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
current operating budget of the Water and Sewer Operating Fund.
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Submitted or City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: to
PE45 539120 0601000 42,000 0 APPROVED
Mike Groomer 6140 CITY CflUNCI
Originating Departmen# Head: ~
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A Douglas Rademaker 6157
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For A ditionat In ormation '`~'~
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Citq 5ecretarq pl Ute
Contact City of Fort WcrtA, Texas
Jane Goodspeed 8363
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