HomeMy WebLinkAboutOrdinance 19917-09-2011Ordinance No. 19917-09-2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH HOUSING FINANCE CORPORATION
FUND IN THE AMOUNT OF $250,000.00 FROM AVAILABLE FUNDS, FOR THE
PURPOSE OF FUNDING ADMINISTRATIVE COSTS TO OPERATE THE
COMMUNITY DEVELOPMENT BLOCK GRANT, HOME INVESTMENT
PARTNERSHIPS PROGRAMS AND FOR THE 2011 -2012 PROGRAM YEAR;
PROVIDING FOR A SEVERABILTTY 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fort
Worth Housing Finance Corporation Fund in the amount of $250,000.00 from available funds, for the
purpose of funding administrative costs to operate the HOME Investment Partnerships Program,
Community Development Block Grant and Programs for the 2011 -2012 Program Year.
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 incorporated into the ordinance effecting the budget of the municipal
government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2011, and ending
September 30, 2012, 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hereby expressly repealed.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:
�t«
Assistant City Attorney
ADOPTI-:D AND FFFFCTIVF,: September 20, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/20/201' 1 - Ordinance No. 19917 -09 -2011
DATE: Tuesday, September 20, 2011
LOG NAME: 17ADMIN250K
REFERENCE NO.: G -17391
SUBJECT:
Approve the Use of $250,000.00 from Fort Worth Housing Finance Corporation Fund for Administrative
Costs for the HOME Investment Partnerships Program and Community Development Block Grant
Programs and Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Approve the use of $250,000.00 from the Fort Worth Housing Trust Fund portion of the Fort Worth
Housing Finance Corporation Fund for administrative costs for the HOME Investment Partnerships
Program and Community Development Block Grant programs for the 2011 -2012 Program Year; and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort
Worth Housing Finance Corporation Fund in the amount of $250,000.00 for administrative costs for the
HOME Investment Partnerships Program and Community Development Block Grant programs.
DISCUSSION:
On July 19, 2011, Staff informed Council in Informal Report No. 9402 that it would request the transfer of
$700,000.00 from the General Fund portion of the City's Fort Worth Housing Trust Fund (HTF) to fund the
City's Homebuyer Assistance Program (HAP) for 2010 -2011 and for administrative costs for the HOME
Investment Partnerships Program (HOME) and the Community Development Block Grant (CDBG)
program. On August 16, 2011, City Council approved the use of $450,000.00 of HTF funds for the HAP
(M &C G- 17358).
Staff is now recommending the use of the $250,000.00 of HTF funds for administrative costs for the
HOME and CDBG programs. The City is allowed to use up to 10 percent of its HOME funds and 20
percent of its CDBG funds for administrative costs. HUD awarded the City $2,832,159.00 in HOME funds
and $6,153,267.00 in CDBG funds for the 2011 -2012 Program Year. However, this award resulted in a
reduction of $272,565.80 in HOME and CDBG funds available for administration compared to the 2010-
2011 Program Year budget. Therefore, Staff recommends using these HTF funds for CDBG and HOME
program administrative costs. This will permit the City to effectively operate these programs and fulfill all
required obligations without impacting the City's General Fund.
The CDBG and HOME Programs are available in ALL COUNCIL DISTRICTS.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendation
and adoption of the attached appropriation ordinance, funds will be available in the current Operating
Budget, as appropriated, in the Fort Worth Housing Finance Corporation Fund.
Logname: 17ADMIN250K Page 1 of 2
FUND CENTERS:
TO Fund /Account/Centers
R109 539120 017109007011
R109 472001 017109007011
CERTIFICATIONS:
FROM Fund /Account/Centers
$250,000.00 R109 539120 005109008002
$250,000.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Jay Chapa (5804)
Cynthia Garcia (8187)
Charletra Hurt (7536)
$250,000.00
Logname: 17ADMIN250K Page 2 of 2