HomeMy WebLinkAboutResolution 3355-05-2006A Resolution
NO 3355-OS-2006
supporting tote Trinity River Vision Project
WI~EREAS, the Tr~n~ty River Vision Project is a project which will redevelop and
provide long term flood control capabal~ties for the Trinity River particularly that section
of the river which abuts the City s central business district and
WHEREAS, the Trinity River Vision Project will at the same time by the
development of a by pass channel provoding flood control capabilities, also enable the
future economic development of the area of the City immediately across the Trinity River
and north of the present Central Business District, an area that ~s strategically located
within the triangle formed by the Central Business District the Stockyards District and
the Cultural District and
WHEREAS, the Czty Council adopted the Trinity River Vision Master Plan in 2003
which contains recommendations to improve the river s access~b~lxty to the public attract
more people to its banks to develop an urbanized Downtown waterfront while maintaining
the natural character of the more remote areas and to increase awareness of the Trinity
River s presence and beauty by citizens and visitors and
WHEREAS, the City of Fort Worth has evidenced its financial support of this
project by committing up to $5 9 miil~on in 2004 voter approved bond program funding,
by designating water and sewer funds as well as proposing future Capital Improvement
Program funds anticipated to be needed for infrastructure in support of the project and by
creating, through a Council Resolution dated December 9 2005 Tax Increment Financing
(TIF) District 9 through which the City will provide 80% if its tax increment for this
critical project over a period of 25 years (December 31 2028)
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
THE FORT WORTH CITY COUNCIL DOES HEREBY
Reaffirm the Trinity River Vision Project as one of its goals to provide
long term flood control and economic development benefits to the City
of Fort Worth and
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Resolution No 3355-OS-2006
2 Reaffirm the City's financial involvement, as outlined above and
pledge its continued support for this important community project and
3 Authorize and direct the City Manager and City staff to work with any
and all federal state or local entities ~n furtherance of the Trinity
River Vision Project including support for appropriate federal funding
Adopted this 30th day of May 2006
ATTEST ,:.
By
Marty Hendrix
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APPROVEQ
CITY COUf~CIL
MAY 3 0 2006
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City Secr tart' of the
City of Fort Worth, Texas
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