Loading...
HomeMy WebLinkAboutOrdinance 8856 .; r ORDINANCE NO. ~S AN ORDINANCE APPROPRIATING ADDITIONAL REVENUE OF THE CITY OF FORT WORTH IN THE AMOUNT OF $50,000.00 FROM THE UNAP- PROPRIATED RETAINED EARNINGS OF THE LAKE WORTH TRUST FUND (RESERVED) TO THE LAKE WORTH TRUST FUND, ACCOUNT NO. 80- 20-10,301010; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEAL- ING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVID- ING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the City Manager of the City of Fort Worth is hereby authorized to appropriate $50,000.00 from the Unappropriated Retained Earnings of the Lake Worth Trust Fund (Reserved) and trans- fer it to the Lake Worth Trust Fund, Account No. 80-20-10,301010. 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 judg- ment 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. 8157, 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 re- pealed. SECTION 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- damned. APPROVED AS TO FORM AND LEGALITY: ADOPTED : ~ ~~ ~ ~~3 EFFECTIVE: ` µ~ ~ ~T. ~`rr ~p.,i--~-~` pity ~f' JL ~'d°t W®rth, ~e~a~ Mayor a ~oacn~il ~o~anauna~atio~. DATE NUMBER CE SUBJECT PURCHASE OF IMPROVEMENTS AND PAGE c~~o~o~ **L-7717 CANCELLATION OF LAKE WORTH LEASE lot 2 On March 4, 1981 (M&C G-4890) City Council approved the Lake Worth Land Use and Management Plan as prepared by Carter and Burgess, Inc. This plan designates certain areas around Lake Worth as "Wilderness Areas" The old G W. Griggs Farm Lease (now under lease to Nodie Griggs) is situated in a designated wilderness area In August 1982, Mrs Griggs contacted Real Property Management expressing a desire to sell to others her leasehold interest and improvements situated on said Griggs Farm Lease In response to this request the Park and Recreation Department advised that a transfer of the lease could not be approved due to its location in the designated wilderness area. Upon being informed of the position of the Park and Recreation Department in the matter, Mrs Griggs then expressed her desire to sell the improvements to the City and also return her lease ~- Inspection of th~e~ improvements by representatives of the Real Property Manage- ment Division and the Park and Recreation Department revealed that this excellently kept property ideally fits the present and future needs for Park Ranger utilization. Improvements include a single family residence constructed in 1968, contain- ing 1,967 square feet consisting of three bedrooms, one bath, living-dining room combination, den and utility room, with central heating and air-condi- tioning. An appraisal by a qualified SRPA, MAI appraiser estimated the improvement value to be $59,000 00. The Lessee has agreed to convey her interest in the lease and all improvements to the City and has executed a Contract to Sell Real Property to the City of Fort Worth for a consideration of $50,000.00 Financing: It is proposed to finance this purchase by appropriating $50,000 00 from the Lake Worth Trust Fund, Fund Balance - Reserved Recommendations It is recommended that the City Council 1. Approve the cancellation of .the lease with Nodie Griggs of the G. W Griggs Farm Lease out of the J. Wilcox Survey and containing 5.343 acres, 2 Approve the purchase of .the leasehold improvements for a consideration of $50,000.00, and ~,,~ ., ~""' _-;~~, DATE NUMBER CE sue~ECr pURCHASE OF IMPROVEMENTS AND PAGE 6/28/83 **L-7717 CANCELLATION OF LAKE WORTH LEASE 2._-or_ 2 3. Adopt the attached supplemental appropriations ordinance appropriating $50,000 from the Account No. 70-211000542 -Unappropriated Fund Balance (Reserved for Lake Worth Plans) to Account No. 80-20-10, 301010. MCM bj APPROVED BY CITY COUNCIL Jl~N ~~ f9~3' ... ~D~ ~~.~~~-L.f Cite $ec~etczy of the ~~~~~~~ SUBMITTED FOR THE CITY MANAGER'S DISPOSITION BY COUNCIL. PROCESSED BY OFFICE BY ~ ^ APPROVED ORIGINATING ^ OTHER (DESCRIBE) DEPARTMENT HEAD• Geor e G. Wilkes EB CITY SECRETARY FOR ADDITIONAL INFORMATION ~ CONTACT PIED ORDINANCE N0 ~ ke eXt. .