HomeMy WebLinkAboutOrdinance 22250-06-2016 ORDINANCE NO. 22250-06-2016
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE DEVELOPER CONTRIBUTION FUND IN THE
AMOUNT OF $519,973.00,FROM AVAILABLE FUNDS,FOR THE PURPOSE OF
IMPROVEMENTS TO TIMBERLAND BOULEVARD AND PARK VISTA
BOULEVARD; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL
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 2015-2016 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Developer Contribution Fund in the amount of $519,973.00, from available funds, for the purpose of
improvements to Timberland Boulevard and Park Vista Boulevard.
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. 21873-09-2015 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of said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY:
,p- (/-/?
Do glas W. Black, ry J.Kayser,
Sr.Assistant City Attorney City Secretary
ADOPTED AND EFFECTIVE:June 7,2016
Ordinance No. 22250-06-2016
Page 1 of I
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 6/712016 - Ordinance No. 22250-06-2016
DATE: Tuesday, June 07, 2016 REFERENCE NO.: **C-27750
LOG NAME: 20TIMBERLAND STEADMANFARMS
SUBJECT:
Authorize Acceptance of Funds from Steadman Farms, LLC, in the Amount of$519,973.00 to Fund its
Proportional Share of Improvements to Timberland Boulevard and Park Vista Boulevard Adjacent to and
East of the Steadman Farms Development Site and Adopt Appropriation Ordinance (COUNCIL DISTRICT
7)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize Acceptance of Funds from Steadman Farms, LLC, in amount of$519,973.00 to fund its
proportional share of improvements to Timberland Boulevard and Park Vista Boulevard adjacent to and
east of the Steadman Farms Development site; and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Developer Contribution Fund in the amount of$519,973.00.
DISCUSSION:
On July 16, 2014, the City executed a development Agreement (City Secretary No. 45754) with Steadman
Farms, LLC (Steadman). The development Agreement stipulated that Steadman would be responsible for
a proportional amount of improvements to Timberland Boulevard and Park Vista Boulevard adjacent to
and east of the Steadman Farms development site. Steadman's total obligation is $1,260,973.00. The
City collected $741,000.00 in transportation impact fees associated with Steadman Farms, Phase 1. The
remaining balance of 519,973.00 now provided by Steadman supplement the 2014 Bond funds for
construction of Timberland Boulevard.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the
appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the
Developer Contribution Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccounj Project Py Budget Reference # Amount
ID ID Year Chartfield 2
1&2 30104 0200431 4640002 CO22E CO2380 2016 $519,973.00
Logname: 20TIMBERLAND_STEADMANFARMS Page I of 2
12) 1301041 0200431 1 1 CO2288 I 1 1 2016 1 1$519,973.001
12) 1301041 0200431 14640002 1 CO2288 I I CO2380 1 2016 1 1$519,973.001
FROM
Fund Department Account Project Program Activity Budget Reference # Amount
ID ID Year Chartfield 2
1 30104 0200431 5740010 CO2288 CO2380 2016 $519,973.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Douglas Wiersig (6157)
Additional Information Contact: Leon Wilson (8883)
Logname: 20TIMBERLAND_STEADMANFARMS Page 2 of 2