HomeMy WebLinkAboutOrdinance 5941i,
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ORDINANCE NO. ~~ ti
AN ORDINANCE APPROVING, ACCEPTING, AUTHORIZING
AND DIRECTING THE EXECUTION OF A CONTRACT AND
AGREEMENT BETWEEN THE CITY OF FORT WORTH AND
THE CITY OF DALLAS CONTINUING, EXPANDING AND
DEFINING THE POWERS AND DUTIES OF THE DALLA5-
FORT WORTH REGIONAL AIRPORT BOARD; CREATING "
THE JOINT AIRPORT FUND AND PROVIDING FOR THE
CONSTRUCTION AND OPERATION OF THE DALLAS-FORT
WORTH REGIONAL AIRPORT; PROVIDING FOR THE TRANS-
FER OF FUNDS TO THE EXTENT REQUIRED THEREBY;
LEVYING TAXES TO THE LIMITED EXTENT RECITED
HEREIN; DECLARING AN EMERGENCY; AND NAMING AN
EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
SECTION 1.
That the City Council of the City of Fort Worth hereby
approves and accepts and authorizes and directs the City Man-
ager and the City Secretary to execute that certain contract
entitled "Contract and Agreement Between the City of Dallas,
Texas and the City of Fort Worth, Texas," dated as of April 15,
1968, which contract and agreement continues, expands and
further defines the powers and duties of the Dallas-Fort Worth
Regional Airport Board, creates the Joint Airport Fund of
said Cities, and provides for the construction and operation
of the Dallas-Fort Worth Regional Airport, said contract and
agreement being in the form submitted to and considered at the
meeting of the City Council on April 15, 1968, and which con-
tract and agreement shall be filed by the City Secretary among
the minutes and permanent records of the City of Fort Worth.
SECTION 2.
That the City Manager and other appropriate officers of
the City are hereby authorized and directed to transfer and de-
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liver to the control and jurisdiction of the Dallas-Fort Worth
Regional Airport Board the total cash amount of $426,172 as
required by paragraph C.(1} of Article 17 of said contract
and agreement, such amount to be delivered at such time as
same may be requested by the Board.
SECTION 3.
That to the extent, and only to the extent, a debt with-
in the meaning of the Constitution of the State of Texas is
or may be created in or by reason of the contract and agree-
ment approved hereby and expressly by reason of the contractual
agreements and undertakings of the City expressed in paragraph
C.(3~(a} and C.(4j(c) of Article 17 thereof, the City of Fort
Worth hereby levies and agrees to levy and collect an ad
valorem tax sufficient to pay any such debt each year when and
if due and to provide a sinking fund therefor in an amount of
not less than 2% thereof each year.
SECTION 4.
That the manner of providing for the method and means of
financing the further planning and the timely construction
and operation of a Regional Airport for the Cities of Dallas
and Fort Worth and the entire North Central Texas region is
a matter of urgent public necessity, and accordingly this or-
dinance is adopted for the immediate preservation of the pub-
lic peace, health and safety of the City of Fort Worth and
its citizens and as such constitutes an emergency measure.
SECTION 5.
That this ordinance shall be in full force and effect
on April 15, 1968, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY:
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City Attorney