HomeMy WebLinkAboutOrdinance 9670~~~
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ORDINANCE NO. ~~~~~
AN ORDINANCE APPROPRIAT ING ADDITIONAL REVENUE OF THE CITY
OF FORT WORTH IN THE AMOUNT OF $1 40, 000 FROM THE UNAPPRO-
PRIATED RETAINED EARNINGS OF THE GENERAL FUND TO THE LAKE
WORTH TRUST FUND NO. 70, ACCOUNT N0. 001001-00 LEASE REC-
LAMATION; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH; PROVIDING AN EFFEC-
TIVE DATE; AND DIRECTING THE CITY SECRETARY TO ENGROSS AND
ENROLL SAME.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECT ION 1 .
THAT THE City Manager of the City of Fort Worth is hereby
authorized to appropriate One Hundred Forty Thousand Dollars
($140,000) from the Unappropriated Retained Earnings of the General
Fund and transfer it to the Lake Worth Trust Fund No. 70, Account
No. 001001-00 Lease Reclamation.
SECTION 2 .
Should any part of this Ordinance be declared unconstitutional
or otherwise invalid by law, the remaining parts of this Ordinance,
shall be and remain in full force and effect.
SECT ION 3 .
That this Ordinance shall be cumulative of Ordinance No. 9458,
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 instances said conflicting provisions are hereby expressly
repealed.
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S E CT I ON 4 .
That this Ordinance shall take effect and be in full force and
effect from and after the date of its passage, and it is so or-
dained.
SECT ION 5.
That the City Secretary is hereby directed to engross and
enroll this Ordinance after its passage as part of the official
records and Ordinances of the City of Fort Worth.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Date: ~'~l~D b
ADOPTED: ~~-"~
EFFECTIVE:
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REAL P.ROPEttTY
DATE REFERENCE
NUMBER SUBJECT REQUEST FOR SUPPLEMENTAL PAGE
~( APPROPRIATION - LAKE WORTH 1
7/1 /86 **L-8891 TRUST FUND ~ or-_.__
Recommendation:
That Council approve a supplemental appropriation ordinance in the amount of
$140,000, to the Lake Worth Trust Fund #70, Project 001001-00 Lease
Reclamation, thereby increasing appropriation and decreasing fund balance.
Discussion:
At the present time there are 6 leaseholds in the Phase 1 Lease Reclamation
Area which have not been reclaimed by the City. These homes are isolated, and
vandalism and crime has increased now that much of the area has been vacated.
Three of these owners are elderly and their circumstances are not safe. They
have asked that their improvements be purchased so that they may relocate. The
Real Property Management Department believes these leaseholds should be
purchased at this time.
Because these leases had originally been reserved for reclamation in the
1986-87 budget year, there are not sufficient funds appropriated in the 1985-86
lease reclamation account to cover the additional purchases.
The money for the purchases and the demolition of the improvements is available
in the unappropriated fund balance.
Financing•
A supplemental appropriation for the Lake Worth Trust Fund No. 70, Project
001001-00 Lease Reclamation will be necessary, reducing fund balance and
increasing appropriations. The unappropriated fund balance for all projects
will be $217,063 after this supplemental appropriation. The expenditure will
be made from Index Code 213603. This transaction, being an acceleration of
future planned activity, will have no impact or make any change to the current
fiscal plan for the Lake Worth Fund.
DAI:smcw APPROVED BY
CITY COUNCIL >'
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City Secretary of the
City of Fort Worth, Texaa
SUBMITTED FOR 1 h
CITY MANAGER'S ~ ~
DISPOSITION BY COUNCIL.
PROCESSED BY
OFFICE BY ^ APPROVED
DEPAIRTMENT HEAD M~ Chael Pyles PR ! . OTHER (DESCRIBE)
CITY SECRETARY
CONTACTTIONAL INFORMATION Mi Chael E • Pyles 8362 .
gdopted Ordinance No. ~
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