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Home My WebLink AboutOrdinance 22646-03-2017 ORDINANCE NO.22646-03-2017 AN ORDINANCE INCREASING RECEIPTS AND APPROPRIATIONS IN THE SOLID WASTE FUND IN THE AMOUNT OF $3,500,000.00 TO PROVIDE FOR PARTIAL REPAYMENT OF AN INTERFUND LOAN. 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 Solid Waste Fund in the amount of$3,500,000.00 to provide for partial repayment of an interf ind loan. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: 1 earn Guzman,Assiskant City Attorney onald P.Gonzales,As is t City Secretary ADOPTED AND EFFECTIVE: March 28,2017 Ordinance No.22646-03-2017 Page 1 of 1 350 WEST BELKNAP SITE MAP a for t. * . v 350 WEST BELKNAP STREET OWNED BY CFW k LOT A LAND 500 ADDN 23530--A(GEO) TAD NO. 1582798 '�� . , w Ak . k . a' A k J -Y r. v N W• Copyright 2018 City of Fart North. Unauthorized reproduction Is a violelion of FORT I I ORTH@ eppkmNe laws.This product Is for kdorerational purposes aM may not have bean prepared for or be suitable for legal,angIrwarkrg,or wrveykq purposes.It doss not S represent an orNheyrouM survey and represents only the approxknab re,:,r: location of property boundaries.The City of Fort North assumes no responsibility for the accuracy of said data. kd City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved As Amended on 3/28/2017 - Ordinance No, 22646-03-2017, 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 Pagel 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$154,950.69$174,437.50 for the use of 13,955 square feet of space. . Annual rent to be adjusted in year 6 of the initial 10 year term and at each 5 year renewal period based on the cumulative increase in the annual CPI over the prior 5-year period. . The City will be responsible for interior maintenance costs, a pro-rata share of common area maintenance and utility expenses, emergency generator and associated electrical equipment and Sallyport door units. . The Lease Agreement also allows Fort Worth police personnel to continue occupying a portion of the 1 st floor and floors 2 through 4 subsequent to the sale of the property until April 30, 2018. Police personnel displaced on April 30, 2018 will be temporarily relocated to the former Police and Fire Training Academy located at 1000 Calvert Street. Address/Legal !Type of ITAD No. Total Sales !Description Property (Price Lot A Land 500 an ! !Addition to the City of Building/Land 101582798 �$ 13,500,00.00 Fort Worth Estimated $ 40,000.00 !Closing Costs (Total $13,460,000.00 I Amount 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