HomeMy WebLinkAboutOrdinance 17945-01-2008Ordinance No. 17945-01-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE LAKE WORTH TRUST FUND IN THE AMOUNT OF
$174,055 FROM GAS LEASE REVENUE FOR THE PURPOSE OF FUNDING
THE EXPANSION OF THE FORT WORTH NATURE CENTER AND REFUGE;
PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE
CUMULATIVE OF 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 Fiscal Year 2007-
2008 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Lake Worth Trust Fund in the amount of $174,055 for the purpose of funding
the expansion of the Fort Worth Nature Center and Refuge.
SECTION 2.
That 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. 17749 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 upon adoption.
Ak,~ ROVED S O FORM AND LEGALITY:
/ ~ ~
ssistant City Attorn
ADOPTED AND EFFECTIVE: January 8, 2008
COUNCIL ACTION: Approved on 1/8/2008 -Ord. No. 17945-01-2008
DATE: Tuesday, January 08, 2008
LOG NAME: 80LAKELAND07 REFERENCE NO.: L-14450
SUBJECT:
Authorize an Exception to the Existing Moratorium on the Use of Gas Well Revenue, Authorize the
Appropriation of Funds from the Gas Well Revenue Account in the Lake Worth Trust Fund, Adopt
Appropriation Ordinance, Authorize the Use of the Appropriated Funds for the Purchase of the
Combined 1.54 Acres of Land and Improvements Located at 8536 Marks Lane, Fort Worth, Tarrant
County, Texas, for the Purpose of Expansion of the Fort Worth Nature Center and Refuge (DOE No.
5786 -Project No. 271), and Authorize Acceptance and Recording of Appropriate Instruments
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize an exception to the existing moratorium on gas well revenue expenditures for the acquisition of
the combined 1.54 acres of land and improvements located at 8536 Marks Lane, Fort Worth, Tarrant
County, Texas;
2. Authorize the appropriation of funds in the Lake Worth Trust Fund from gas well revenue for the
acquisition of the Property from the Fort Worth Nature Center and Refuge Conservancy for the expansion of
the Fort Worth Nature Center and Refuge;
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$174,055.00 in the Lake Worth Trust Fund from gas well revenue;
4. Authorize the purchase of the Property for a cost of $166,555:00, plus closing costs estimated at
$7,500.00; and
5. Authorize the acceptance and recording of appropriate instruments.
DISCUSSION:
This combined 1.54 acres improved parcel is located in the Lakeland Addition and is encircled by the Fort
Worth Nature Center and Refuge (FWNC&R). The FWNC&R's 2003 Strategic Master Plan, adopted by
City Council on June 17, 2003, (M&C G-13998) recommends the eventual acquisition of all Lakeland
Addition properties by the City of Fort Worth and their addition to the FWNC&R in order to eliminate the
discontinuity of properties within the park.
In order to meet a specific timeframe deadline anon-profit support group for the FWNC&R, the Fort Worth
Nature Center and Refuge Conservancy, agreed to purchase the property and hold it in trust for the City,
which would allow the City to subsequently purchase the property from the Conservancy at a later date.
The agreed-upon purchase price of the property is $166,555.00, which would allow reimbursement to the
Conservancy for their purchase price and associated expenses with an additional $7,500.00 for applicable
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acquisition and closing costs related to this transaction. A survey is being obtained as part of the
acquisition process.
The legal description is as follows:
Grantor Legal Description Acres ,Amount
Fort Worth Nature Center and Lakeland Addition Block 2 Lots 1, 2, 3, 4, 5 & 6, 1.54 $166,555.00
Refuge Conservancy Fort Worth, Tarrant County, Texas
Estimated Closing Costs 7 500.00
Total $174,055.00
Acquisition of properties in the Lakeland Addition was not specifically listed as one of the exceptions to the
gas well lease revenues expenditure moratorium enacted April 17, 2007; however, due to the strategic
importance of this purchase and the narrow window of opportunity to execute the purchase, an exception
to the moratorium is recommended.
The property is located in COUNCIL DISTRICT 7, Mapsco 45F.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval and completion of recommendations and the adoption of
the attached appropriation ordinance, funds will be available in the current operating budget, as
appropriated, of the Lake Worth Trust Fund.
TO FundlAccount/Centers
FE70 446100 030001902000 $174.055.00
FE70 541100 030001902000 $174.055.00
FROM Fund/AccountlCenters
FE70 446100 030001902000 $174.055.00
FE70 541100 03000190200D $174.055.00
Submitted for City Manager's Office b~ Libby Watson (6183)
Originating Department Head: Richard Zavala (871-5704)
Additional Information Contact: Melody Mitchell (871-5719)
Suzanne Tuttle (237-6940)
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