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ORDINANCE NO. ~(pQ
AN ORDINANCE APPROPRIATING ADDITIONAL REVENUE OF THE CITY
OF FORT WORTH IN THE AMOUNT OF $4,775.00 FROM THE
UNAPPROPRIATED RETAINED EARNINGS OF THE LAKE WORTH TRUST
FUND, FUND BALANCE RESERVED, TO THE LAKE WORTH TRUST FUND,
ACCOUNT NO. 80-20-10, I.C. 301010, FOR THE PURPOSE OF
PURCHASING THE LEASEHOLD IMPROVEMENTS ON LOT 4, BLOCK 15,
LAKE WORTH LEASE SURVEY; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDI-
NANCES AND REPEALING ALL 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 the estimated revenues accruing to the General Fund of the
City of Fort Worth for the Fiscal Year 1983-1984 are hereby increas-
ed by $4,775.00; and that in addition to providing the City Manager
with such other revenue as may be secured from various sources in-
cluded in Ordinance No. 8886 and in the Budget of the City Manager,
there shall also be appropriated from the unappropriated retained
earnings of the Lake Worth Trust Fund, Fund Balance Reserved, of the
General Fund, the sum of $4,775.00 to the Lake Worth Trust Fund,
Account No. 80-20-10, I.C. 301010, for the purpose of purchasing the
leasehold improvements on Lot 4, Block 15, Lake Worth Lease Survey.
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. 8886,
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repealed.
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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-
dained.
APPROVED AS TO FORM AND LEGALITY:
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City Attorney
Date : ~ " _ a' ° _ $ 3
ADOPTED: /D "q~~'-~`~j
EFFECTIVE:
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DATE REFERENCE SUBJECT PURCHASE OF IMPROVEMENTS AND PAGE
@N`~d@6ie wartKa.1
10/25/83 NUMBER
**L-7879 CANCELLATION OF LAKE WORTH LEASE
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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 for "commercial" usage. The lease site described
as Lot 4, Block 15, Lake Worth Lease Survey, aka 7365 Love Circle, is situated in
a designated "commercial" area.
The improvements situated on this lease site were posted substandard on April 21,
1983. Subsequently, the Park Department has suggested to the Real Property Divi-
sion that this might be the appropriate time to purchase this lease. The owner,
Mr. Wayne Wright, is willing to sell this lease to the City for $4,775.
Improvements include one masonry building comprising 702 square feet in sub-
standard condition and a masonry garage of 350 square feet also in poor condition.
Financing
It is proposed to finance this purchase by appropriating $4,775 from the Lake
Worth Trust Fund, Fund Balance-Reserved, Account No. 311(000542) to General Fund
Account No. 80-20-10, I.C. 301010.
Recommendations:
It is recommended that City Council approve
1. Cancellation of the lease with Wayne Wright on Lot 4, Block 15, Lake Worth
Lease Survey,
2. Purchase of the leasehold improvements for a consideration of $4,775, and
that all improvements be removed from the lot at the lease expense to the
City, and
3. Adoption of attached Supplemental Appropriations Ordinance appropriating
$4,775 from Fund 70 Account No. 311(000542) - Unappropriated Fund Balance
(Reserved for Lake Worth Plans) increasing the General Fund Estimated
Revenues by $4,775 and appropriating $4,775 to General Fund Account No.
80-20-10, I.C. 301010.
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ROV~D
BY
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OCr 25 1983
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SUBMITTED FOR THE
CITY MANAGER'S ~
DISPOSITION BY COUNCIL.
PROCESSED BY
c1FFICE BY ^ APPROVED
ORIGINATING [ OTHER (DESCRIBE)
DEPARTMENT HEAD• GeOr e G. Wilkes EB CITY SECRETARY
FOR ADDITIONAL INFORMATION (~
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CONTACT Geor e G. Wilkes eXt . 8362 ~~
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DATE