HomeMy WebLinkAboutOrdinance 22965-10-2017 Ordinance No. 22965-10-2017
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE GENERAL FUND IN THE AMOUNT OF $2,300,000.00, FROM AVAILABLE FUNDS,
FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO THE GENERAL CAPITAL
PROJECTS FUND TO FUND A FORGIVABLE LOAN TO THE YMCA OF METROPOLITAN
FORT WORTH; 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 estimated receipts and appropriations in the
General Fund in the amount of$2,300,000.00,from available funds,for the purpose of transferring said funds
to the General Capital Projects Fund to fund a forgivable loan to the YMCA of Metropolitan Fort Worth.
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 orjudgment 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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY >
=TED
sista ty Aftorney Ma J. Kays
EFFECTIVE: October 17. 2017
City of Fort Worth, Texas
Mayor and Council Communication
ACTION: Approved on 10/17'/2017 - Ordinance No. 22965.10-2017
DATE: Tuesday, October 17, 2017 REFERENCE NO.: G-19136
LOG NAME: 03FORT WORTH & YMCA LOAN AGREEMENT
SUBJECT:
Adopt Ordinance Appropriating $2,300,000.00 in the General Fund and Authorize a Transfer from the
General Fund to the General Capital Projects Fund in the Same Amount for the Purpose of Funding a
Forgivable Loan to the YMCA of Metropolitan Fort Worth (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached fiscal year 2017 supplemental appropriation ordinance increasing receipts and
appropriations in the General Fund by $2,300,000.00, from available funds, for the purpose of transferring
said funds to the General Capital Projects Fund to fund a forgivable loan to the YMCA of Metropolitan Fort
Worth; and
2. Authorize a transfer from the General Fund to the General Capital Projects Fund in the amount of
$2,300,000.00.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to take the necessary actions to
appropriate and transfer funds from the General Fund to the General Capital Projects Fund for the
purpose of funding a forgivable loan Agreement with the YMCA of Metropolitan Fort Worth, as approved
by M&C C-27548 (December 1, 2015) and M&C (C-28154) (March 21, 2017), to ensure proper
accounting for the source of these funds.
On December 1, 2015, the City Council authorized the execution of a $2,300,000.00 forgivable loan
Agreement with the YMCA of Metropolitan Fort Worth to help fund the construction of an Enhanced
Neighborhood Family Aquatics Facility in east Fort Worth and appropriated said funds into the General
Capital Projects Fund (M&C C-27548). The source of the funding for the capital appropriation was
intended to originate from the General Fund; however, an appropriation ordinance for the general fund
was omitted. This M&C is intended to correct that omission.
The General Fund is projected to meet it's year-end fund balance requirements after this transfer.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION /CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the
attached supplemental appropriation ordinance, funds will be available in the current operating budget, as
appropriated, of the General Fund.
Logname: 03FORT WORTH YMCA LOAN AGREEMENT Page 1 of 2
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
ff![Dtrtment ccoun Project JProgram ctivity Budget Reference # tl
ID ID Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office bSusan Alanis (8180)
Originating Department Head: Lynda Johnson (6222)
Additional Information Contact: Terry Hanson (7934)
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