HomeMy WebLinkAboutOrdinance 22645-03-2017 ORDINANCE NO.22645-03-2017
AN ORDINANCE INCREASING RECEIPTS AND APPROPRIATIONS IN THE GENERAL
FUND IN THE AMOUNT OF $13,500,000.00 TO RECOGNIZE PROCEEDS FROM THE SALE
OF THE CITY FACILITY AT 350 WEST BELKNAP STREET, AND AUTHORIZE THE
TRANSFER OF $3,500,000.00 TO THE SOLID WASTE FUND FOR PARTIAL REPAYMENT OF
AN INTERFUND LOAN, AND AUTHORIZE THE TRANSFER OF $10,500,000.00 TO THE
GENERAL CAPITAL PROJECTS FUND FOR FUTURE CAPITAL PROJECTS. 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 2016-2017 in the Budget of the
City Manager, there shall also be increased receipts and appropriations in the General Fund in the amount of$13,500,000.00
to recognize proceeds from the sale of the City facility at 350 West Belknap Street, and authorize the transfer of
$3,500,000.00 to the Solid Waste Fund for partial repayment of an interfund loan, and authorize the transfer of
$10,500,000.00 to the General Capital Projects Fund for future capital projects.
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. 22393-09-2016 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hereby expressly repealed.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:
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Legin uzman,Assistan City Attorney /Ronald P. Gonzales,Assistant(c)y Secretary
ADOPTED AND EFFECTIVE: March 28.2017
Ordinance No.22645-03-2017
Page 1 of 1
350 WEST BELKNAP SITE MAP
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w' E Copyright 2016 City of Fort North. Unauthorized reproduction is a violation of FO RT WO RT H.
applicable lawn.This product Is for Informational purposes and may not have been
prepared for or be suitable for Ind,engknsrfng,or surveying purposes.It does not
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location of property boundaries.The City of Fort Worth assumes no responsibility for
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved As Amended on 3/28/2017 - Ordinance No. 22645-03-2017,
22646-03-2017 & 22647-03-2017
DATE: Tuesday, March 28, 2017 REFERENCE NO.: L-16018
LOG NAME: 21 PMD 350 WEST BELKNAP STREET
SUBJECT:
Authorize Execution of a Sale Agreement and Lease Agreement Relative to the Sale of a City Fee Property
Located at 350 West Belknap Street to Tarrant County in the Amount of$13,500,000.00 and Pay
Estimated Closing Costs Up To $40,000.00, Authorize Transfer of Sale Proceeds from the General Fund to
the Solid Waste Fund and the General Capital Projects Fund and Adopt Appropriation Ordinances
(COUNCIL DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the execution of a Purchase and Sale Agreement for the sale of a city fee property located at
350 West Belknap Street, Fort Worth, Texas, to Tarrant County in the amount of$13,500,000.00 and pay
estimated closings costs up to $40,000.00;
2. Authorize the City Manager or his designee to execute and record the appropriate instrument
conveying the property to complete the sale;
3. Authorize the execution of a Lease Agreement with Tarrant County for a portion of the property located
at 350 West Belknap Street, Fort Worth, Texas, for use by the Police Department;
4. Adopt the attached ordinance increasing the estimated receipts and appropriations in the General Fund
in the amount of$13,500,000.00 to reflect sale proceeds;
5. Authorize the transfer of$3,500,000.00 in sale proceeds from the General Fund to the Solid Waste
Fund to effect repayment of a portion of an interfund loan from the Solid Waste Fund;
6. Adopt the attached ordinance increasing receipts and appropriations in the Solid Waste Fund in the
amount of$3,500,000.00 for partial repayment of an interfund loan;
7. Authorize the transfer of$10,000,000.00 in sale proceeds from the General Fund to the General
Capital Projects Fund for various infrastructure and facilities projects; and
8. Adopt the attached ordinance increasing the estimated receipts and appropriations in the General
Capital Projects Fund, Police Facilities and Renovations Project, in the amount of$10,500,000.00.
DISCUSSION:
On April 3, 1979, Tarrant County and the City entered into an Agreement for the construction of the
criminal justice complex located at 350 West Belknap Street. Both parties shared in the cost to construct
Logname: 21PMD 350 WEST BELKNAP STREET Page 1 of 3
the building and related improvements with the City receiving occupancy of the basement plus floors 1
through 4, and the County occupying floors 5 through 8. The building was completed in 1984 and serves
as home for various Fort Worth and Tarrant County law enforcement operations.
An Agreement has been reached to sell the City's portion of the property to Tarrant County for
$13,500,000.00, plus payment by the City of estimated closing costs in the amount
of $40,000.00. Concurrent with the sale of the property Tarrant County has agreed to lease a portion of
the building back to the City for continued use by the Police Department to facilitate prisoner
intake/transfer and general administrative offices. The proposed Lease Agreement with Tarrant County
includes the following terms and provisions:
• A lease term of 10 years with 2, 5-year options to renew for a portion of the basement level, which
includes the existing prisoner intake facility.
• Initial annual rent of$q 54,059-06$174,437.50 for the use of 13,955 square feet of space.
• Annual rent to be adjusted in year 6 of the initial 10 year term and at each 5 year renewal period
based on the cumulative increase in the annual CPI over the prior 5-year period.
• The City will be responsible for interior maintenance costs, a pro-rata share of common area
maintenance and utility expenses, emergency generator and associated electrical equipment and
Sallyport door units.
• The Lease Agreement also allows Fort Worth police personnel to continue occupying a portion of
the 1 st floor and floors 2 through 4 subsequent to the sale of the property until April 30, 2018.
Police personnel displaced on April 30, 2018 will be temporarily relocated to the former Police and Fire
Training Academy located at 1000 Calvert Street.
IAddress/Legal Type of Notal Sales I
�
TAD No. �
'Description Property ;Price l
Lot A 7 Land 500 an
Addition to the City of Building/Land '01582798 F$ 13,500,00.00
Fort Worth
Estimated $ 40,000.00
;Closing Costs
Notal
(Amount 1$13,460,000.00
_._-...�
In connection with the construction of the new public safety training facility, the City Council authorized
interfund loans from the Solid Waste Fund totaling $20,522,957.00 for interim financing (M&C C-25798).
Of that amount, $10,000,000.00 has already been repaid. Staff proposes using $3,500,000.00 from the
current sale proceeds to pay a portion of the remaining balance of the interfund loan and will be
requesting payment for the remainder from the Crime Control and Prevention District in a series of three
payments beginning with Fiscal Year 2018.
Staff is proposing that the other$10,000,000.00 in sale proceeds be deposited in the General Capital
Projects Fund to fund other infrastructure and facility needs.
This property is located in COUNCIL DISTRICT 9, Mapsco 62Y.
This contract will be with a governmental entity, state agency or public institution of higher
education: Tarrant County.
FISCAL INFORMATION / CERTIFICATION:
Logname: 21PMD 350 WEST BELKNAP STREET Page 2 of 3
be appropriated and transferred as outlined in the above Recommendations section.
FUND IDENTIFIERS (FIDs):
TO _
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year (Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Steve Cooke (5118)
Additional Information Contact: Steve Cooke (5118)
Logname: 21PMD 350 WEST BELKNAP STREET Page 3 of 3