HomeMy WebLinkAboutOrdinance 17419-02-2007Ordinance No. 17419-02-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE NEW DEVELOPMENT FUND IN THE AMOUNT OF
$314,209 FROM A TRANSFER FROM THE SPECIAL ASSESSMENTS FUND
FOR THE PURPOSE OF FUNDING THE INSTALLATION OF COMMUNITY
FACILITIES TO SERVE POYNTER CROSSING, PHASE IV AND
SURROUNDING DEVELOPMENTS; MAKING THIS ORDINANCE CUMULATIVE
OF PRIOR 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 2006-
2007 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the New Development Fund in the amount of $314,209 from a transfer from the
Special Assessments Fund for the purpose of funding the installation of Community Facilities to
serve Poynter Crossing, Phase IV and surrounding developments.
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. 17142 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED AND EFFECTIVE: February 20, 2007
City of Fort Worth, Texas
Mayor and Council Communication
SUBJECT:
Authorize Expenditure of Community Facilities Agreement -Funds to Centex Homes as Partial
Reimbursement for the Installation of Drainage Improvements Adjacent to Poynter Crossing, Phase
IV and Adopt Related Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the
Special Assessments Fund in the amount of $314,209.00 from developer contributions;
2. Authorize the transfer of $314,209.00 from the Special Assessments Fund to the New Development
fund;
3. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the
New Development Fund in the amount of $314,209.00 from developer contributions; and
4. Authorize the City Manager to remit a check in the amount of $314,209.00 made payable to Centex
Homes for the installation of drainage improvements to serve Poynter Crossing, Phase IV and surrounding
developments, pursuant to that certain Community Facilities Agreement between the City and Centex
Homes (City Secretary Contract No. 32146, M&C C-20459 approved December 21, 2004) (the CFA).
DISCUSSION:
Under the CFA between the City and Centex Homes (City Secretary Contract No. 32146), the City agreed
to pay Centex Homes up to $619,408.06 as partial reimbursement for certain public drainage improvements
constructed by Centex Homes, a portion of which would serve Poynter Crossing, Phase IV, a Centex
Homes development. The CFA provided that $314,209.00 of the City's level of participation in this
community facilities project would come from contributions by Lumberman's Investment Corporation, which
was constructing a development adjacent to Poynter Crossing, Phase IV that would also benefit from the
drainage improvements. Lumberman's Investment Corporation has now paid the City the full
$314,209.00. In order for the City to reimburse Centex Homes from this contribution, adoption of the
attached appropriation ordinances is required. The balance of the City's participation in this project was
previously paid to Centex Homes in accordance with the CFA.
This development is located in COUNCIL DISTRICT 6.
Logname: 20POYNTERIV-2 Page 1 of 2
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of
the New Development Fund.
TO Fund/Account/Centers
GS94 488100 020941369010 $314.209.00
GS94 541200 020941369010 $314.209.00
C202 472202 206760017583 $314.209.00
3~ C202 541200 206760017583 X314.209.00
FROM Fund/AccountlCenters
2) GS94 538070 020941369010
4) C202 541200 206760017583
$314.209.00
$314.209.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Marc Ott (8476)
Robert Goode (7804)
Robert Goode (7804)
Logname: 20POYNTERIV-2 Page 2 of 2