Loading...
HomeMy WebLinkAboutOrdinance 11196k, ORDINANCE NO ~~~~-'~ AN ORDINANCE APPROPRIATING $84,800 00 TO THE GENERAL FUND, AND DECREASING THE UNRESERVED, UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF PAYING LEGAL FEES RELATIVE TO THE SOUTHWESTERN BELL TELEPHONE COMPANY FRANCHISE ORDINANCE, 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 General Fund in the amount of $84,800 000, thereby decreasing the unreserved, undesignated Fund Balance by the same amount for the purpose of paying legal fees relative to the Southwestern Bell Telephone Company franchise ordinance 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 City Attorney lv-2~ "~~ Date Adopted Effective City of Fort Worth, Texas Mayor aid Council Communication --~-- 11/05/92 ~--~ -~_-.~-- ~~-..--.~ G-9912 --- ._....- 12SWBELL - -- 1 of 2 SUBJECT PAYMENT OF LEGAL FEES IN FY 1992-1993 FOR NEGOTIATION OF SOUTHWESTERN BELL TELEPHONE COMPANY FRANCHISE ORDINANCE RECOMMENDATION: It is recommended that the City Council take the following action: 1. Adopt the attached supplemental appropriations ordinance increasing appropriations in the General Fund by $84,800, and reducing the Unreserved Undesignated Fund Balance of the General Fund by a like amount. 2. Authorize the City Manager to pay Clarence A West, Attorney at Law, for his services in negotiating the Southwestern Bell Telephone Company franchise ordinance the following amounts during the 1992-1993 fiscal year: a) a payment of $30,800 for his services through October 1, 1992; and b) quarterly payments of $13,500 each on December 31, 1992, March 31, 1993, June 30, 1993, and September 30, 1993, as additional contingency fee payments for his services. DISCUSSION: On March 24, 1992 (M&C G-9576), the City Council retained Clarence A. West as outside legal counsel to assist with negotiation of the Southwestern Bell Telephone Company franchise ordinance. The agreement with Mr. West provides that he will be paid a flat fee of $25,000 plus a 25 percent contingency fee on any amounts up to $100,000 paid by Bell above Bell's last offer to the City before March 24, 1992, and a 20 percent contingency fee on any amounts of more than $100,000 paid by Bel] above the last offer. Under the agreement the City is also entitled to a full credit for the $25,000 flat fee against any contingency fees. The negotiations with Bell were successfully concluded on September 1, 1992, when the City Council approved anew franchise ordinance (M&C G-9819; Ordinance No. 11163). The new ordinance will remain in effect until September 30, 1997. Over the term of the ordinance, the City will receive $1,879,000 more than Bell's last offer to the City before March 24, 1992. Under the agreement with Mr. West, after receiving credit for the $25,000 already paid, the City owes him a contingency fee of $30,800 for his services through October 1., 1992, and will owe him quarterly contingency fee payments of $13,500 each on December 31, 1992, March 3I, 1993, June 30, 1993, and September 30, 1993, during the 1992-1993 fiscal year. ti Printed on recycled paper City of Fort Worth, Texas Mayor and Council Communication 11/05/92 ---~ -~--~--- ~--~~--~- G-9912 --- ~-~~~-- 12SWBELL 2 of 2 SUBJECT PAYMENT OF LEGAL FEES IN FY 1992-1993 FOR NEGOTIATION OF SOUTHWESTERN BELL TELEPHONE COMPANY .FRANCHISE ORDINANCE In the 1993-1994 through 1996-1997 fiscal years, the City will owe Mr. West quarterly contingency fee payments of $13,500 each on December 31, March 31, June 30 and September 30. The City Manager anticipates that the quarterly payments in future fiscal years will be made from current revenues that will be appropriated for this purpose in the City budget for each of such fiscal years. FISCAL INFORMATION/CERTIFICATION: The Director of Fiscal Services certifies that upon adoption of the Supplemental Appropriations Ordinance, funds required for the $84,800 expenditure will be available in the current operating budget of the General Fund. WA:j Junmittea for Gity Manager's FUND ACCOUNT CENTER AMOUNT tatr Jt6KtIHK1 Office by to GGO1 531200 0905500 84,80 ~~~~QV~~ Charles Boswell 8511 Originating Department Head ~~T ~ ~~ ~ ~~'~~ Wade Adkins 7623 from , ~1Q16 ~ ~~ ~~~ For Additional Information Contact City Secretary of the Wade Adkins 7623 ~ City of Fort Worth,Yeacas ~~ Printed on recycled paper