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Home My WebLink AboutOrdinance 10013~,~: n ~CI~~J ORDINANCE N O ~ ~JO\~ AN ORDINANCE RECOGNIZING ESTIMATED REVENUE OF $755,176 ACCRUING TO SPECIAL REVENUE FUND, FUND 87, FORT WORTH IMPROVEMENT DISTRICT NO 1 OF THE CITY OF FORT WORTH FOR THE FISCAL YEAR 1988 AND APPROPRIATING SAID REVENUE IN SPECIAL REVENUE FUND NO 87 FOR THE PURPOSE OF FUNDING THE PROJECT AS DESCRIBED IN THE PLAN OF SERVICES FOR THE FORT WORTH IMPROVEMENT DISTRICT NO 1, 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. B E 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 1987-88 and in the Budget of the City Manager, there shall also be recognized estimated revenue of $755,176 accruing to Special Revenue Fund, Fund 87, Fort Worth Improvement District No 1, and appropriating said amount in Special Revenue Fund No 87 for the purpose of funding the project as described in the Plan of Services for the Fort Worth Improvement District No 1 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 9926 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4.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. . rP _. 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. C~ City Attorney Date 1 ~ r Z ~ ' ~ Effective i ~ _ Z ~ - ~ Adopted 1,7A:. SCR F11,E•tM - pity of lt~o~°t worth, ~e.~a~ t4 TiRANi;3F2TA71CY~r'U3LIC4'.~j '~.~~//®~ ~~LL.1V ~®LLJIY~~~W ~®~~IVIV~~K/'~A/~~®~ e%/ NRTF R ADbilNlSl RAT.Otd 4. C~T.Y. SE4VtCE: eDATE REFERENCE SUBJECT FY 1987-1988 FORT WORTH IMPROVE- Pn~E 11/24/87 NUMBER MENT DISTRICT FUNDING AND CONTRACT for 2 **C-10669 PARKS ANd~F'~. nr_ rt au 9' ~ilLvvJJ,e,1l ,~ y /recommendation 'It i.s recommended that the City Council authorize the City Manager to 1) Adopt the attached appropriations ordinance which recognizes estimated revenue accruing to Special Fund- No. 87 "Fort Worth Improvement District No. 1" for fiscal year 1987-88 by $755,176, the estimated amount of proposed assessments and contractual payments, and appropriates $755,176 in Special Fund 87 to provide funds for the project described more fully in the Plan of Services for the Fort Worth Improvement District No 1 which was approved by -the City Council on August 11, 1987. 2) Authorize the City Manager to pay the proposed assessment of $85,000 by transferring $85,000 from the General Fund, Non-Departmental, Downtown Fort Worth Division, Account Number 90-58-00 to Special Fund No. 87, Project No. 100088-00, Fort Worth Improvement District No. 1, Index Code 011007, City of Fort Worth Property Assessments, 3) Authorize the City Manager to transfer $22,000 from Solid Waste Fund #64 City Services Department Account Number 21-10-02, Index Code 904060, to Special Fund No. 87, Project No. 100088-00, Index Code 071027 and transfer $38,000 from Park and Recreation Department, Account No. 80-20-32, Index Code No. 327197 to Special Fund No. 87, Project No 100088-00, Index Code 071035, and 4) Authorize the City Manager to sign an amendment to the contract dated October 1, 1986, with Downtown Fort Worth, Inc to reflect the changes described below. Discussion The Budget and Plan of Services for fiscal year 1987-88 of the Fort Worth Improvement District No. 1 ("District") was approved by the City Council on August 11, 1987, and represents a continuation of the services and improvements provided during the~farst year of the District In reference to Recommendation 2 above, State statute requires cities which have improvement districts to pay their share of assessments for city-owned land in the district. Recommendation 3 provides for the transfer of $22,000 from City Services and the $38,000 from the Park and Recreation Department for services provided by Downtown Fort Worth, Inc, which were previously provided by City forces. They consist of sidewalk cleaning and maintenance of planter boxes along Houston, Main and Throckmorton Streets as well as the plant containers on 10th Street at Throckmorton adjacent to the Municipal Complex. DATE REFERENCE NUMBER SUBJECT FY 1987-1988 FORT WORTH IMPROVE PAGE 11/24/87 **C-10669 MENT DISTRICT FUNDING AND CONTRACT _._2 or_ _.2 > , Recommendation 4 would serve to resolve an accounting and cash flow problem being experienced by Downtown Fort Worth, Inc. The group has requested that the contract dated October 1, 1987 be amended so that during the current year of the contract, Downtown Fort Worth, Inc. shall receive payment for the first and last months' services in advance. Any adjustments in the amount of the payments would then be made in September, 1988, the last month of the term. The contract currently provides that payment shall be made for each month's services in advance. Financing The budget for the Special Fund No. 87, Fort Worth Improvement District No. 1 ,(F.W.I.D. #1), for fiscal year 1987-1988, must be adopted by ordinance. The City's share of billings, already approved in City Budgets, City Services and Park and Recreation, needs to be transferred to the F.W.I D #1 RAM wg APPRO:vED DY CITY COUNCII ruou ~ .~~ ' -~ City Secretary of tiYe City of ort t'Vorch, 1'gkaa SUBMITTED FOR THE CITY MANAGER'S OFFICE BY Ruth Ann McKinne DISPOSITION BV COUNCIL. ^ APPROVED PROCESSED BY ORIGINATING ^ OTHER (DESCRIBE) DEPARTMENT HEAD• Ann D~ Ve1 a CITY SECRETARY FOR ADDITIONAL INFORMATION CONTACT ~~op,fP.~d Ordin O ~ A. Di vel a -6130 ( ~~~e DATE.