HomeMy WebLinkAboutOrdinance 18026-03-2008Ordinance No. 18026-03-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CRITICAL CAPITAL PROJECTS FUND IN THE
AMOUNT OF $20,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF
EXECUTING AMENDMENT 1 CITY SECRETARY CONTRACT NO. 29608 WITH
TXDOT FOR ADDITIONAL COSTS ACCUMULATED WHILE REVIEWING THE
SCHEMATIC DESIGN PLANS FOR THE NORTH TARRANT PARKWAY/US 287
INTERCHANGE; 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 Critical Capital Projects Fund in the amount of $20,000 from available funds
for the purpose of executing Amendment 1 City Secretary Contract No. 29608 with TxDOT for
additional costs accumulated while reviewing the schematic design plans for the North Tarrant
Parkway/US 287 Interchange.
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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 stall take effect upon adoption.
APPROVED CIS TO FORaII /AND LEGALITY:
ADOPTED AND EFFECTIVE: March 25, 2008
Cit~r ®f F®r# I~/®r~la, Texas
Mayor and Council Communication
COUNCIL- ACTION: Approved on 3125/2008 -Ord. No. # 18026-03-2008
DATE: Tuesday, March 25, 2008
LOG NAME: 20DIVERS-AMEND REFERENCE NO.: *~C-22723
SUBJECT:
Authorize Execution of Amendment No. 1 to City Secretary Contract No. 29608 with the Texas
Department of Transportation, and Authorize Execution of an Advance Funding Agreement with
Diversified Asset Planning, LLC, for Texas Department of Transportation's Review of Schematic
Design Plans for North Tarrant Parkway/US Interchange and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to execute an Advance Funding Agreement accepting $20,000 from
Diversified Asset Planning, LLC;
2. Authorize the City Manager to execute Amendment No. 1 in the amount of $20,000 to City Secretary
Contract No. 29608 with the Texas Department of Transportation; and
3. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the
Critical Capital Projects Fund by $20,000.
DISCUSSION:
On January 13, 2004, (M&C C-19929) the City Council authorized the City Manager to execute an Advance
Funding Agreement with Presidio Vista I, Ltd. and a Local Project Advance Funding Agreement with TxDOT
for the review of the schematic design plans for the North Tarrant Parkway/US 287 Interchange.
In May 2006, Presido Vista I, Ltd., sold the property to Diversified Asset Planning, LLC. TxDOT has since
requested an additional $20,000 for the review of the schematics due to an increase in project scope of
services.
TxDOT prepared Advance Funding Agreement Amendment No. 1 in the amount of an additional $20,000 to
complete its review. City Staff prepared an Advance Funding Agreement with Diversified Asset Planning,
LLC, to memorialize the developer's commitment to reimburse the City for costs incurred by the City under
its agreement with TxDOT to review the schematics for this project. The Transportation and Public Works
Department will be responsible for the collection and expenditure of these funds in the N. Tarrant Parkway
Project of the 2000 Critical Capital Projects Fund.
This project is located in COUNCIL DISTRICT 2.
Logname: 20DIVERS-AMEND Page 1 of 2
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance funds will be available in the current capital budget, as appropriated, of
the Critical Capital Projects Fund.
Logname: 20DIVERS-AMEND Page 2 of 2