HomeMy WebLinkAboutOrdinance 23621-04-2019Ordinance No. 23621-04-2019
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CULTURE & TOURISM 2% CY HOTEL FUND, FROM
FUND BALANCE IN THE AMOUNT OF $1,163,526.00, FOR THE PURPOSE OF
TRANSFERRING THE FUNDS TO THE PUBLIC EVENTS CAPITAL PROJECTS
FUND; 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 2018-
2019 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Culture & Tourism 2% CY Hotel Fund in the amount of $1,163,526.00, from
fund balance, for the purpose of transferring the funds to the Public Events Capital Projects Fund.
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 23392-09-2018 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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/ S TO FOrcMA,ND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 2. 2019
CITY SECRETARY,
Ma .Ka sere"
City of Fort Worth, Texas
Mayor and Council Communication
...... . .............
COUNCIL ACTION: Approved on 4/212019 -Ordinance Nos. 23621-04-2019, 23622.04-2019
& 23623-04-2019
DATE: Tuesday, April 2, 2019 REFERENCE NO.: **G-19519
LOG NAME: 25FY2019 CAPITAL TRANSFER OUT
SUBJECT:
Adopt Appropriation Ordinances to Allow Clean -Up of Residual Proceeds from Identified Public Events
Funds and Re -allocate Funding to Pay for Capital Projects at the Fort Worth Convention Center and Will
Rogers Memorial Center (COUNCIL DISTRICTS 7 and 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance increasing estimated receipts and appropriations in the Culture & Tourism
2% Hotel Fund (20103) in the amount of $1,163,526.00, from fund balance, to transfer to the Public
Events Capital Projects Fund (30205);
2. Adopt the attached ordinance increasing estimated receipts and appropriations in the Culture & Tourism
DFW Revenue Share Fund (20105) in the amount of $461,589.00, from fund balance, to transfer to the
Public Events Capital Projects Fund (30205);
3. Authorize the transfer of $134,000.00 from the Risk Financing Fund (60111) to the Public Events
Capital Projects Fund (30205) for the purpose of funding a capital project; and
4. Adopt the attached ordinance increasing estimated receipts and appropriations in the Public Events
Capital Projects Fund (30205) in the amount of $990,000.00, from available funds, to fund various capital
projects;
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to allocate funding for the Public Events
Department capital projects. By policy, proceeds in the Culture and Tourism 2% Hotel Fund (20103) and
the Culture and Tourism DFW Revenue Share Fund (20105) that exceed required fund balances are
transferred annually for the purpose of servicing debt associated with or cash -funding capital projects at
the Fort Worth Convention Center (FWCC) and Will Rogers Memorial Center (WRMC).
Recommendations 1 and 2 transfer a total of $1,625,115.00 to designated capital projects funds for
current, planned, and future capital projects to the FWCC and WRMC. Of this, only $990,000.00 is
recommended to be appropriated towards capital projects at this time for the following items:
• WRMC North/South Coliseum Video Boards $84,000.00 — Funds of $430,000.00 were appropriated
in the FY2018 CIP; however, since that time, it was determined that larger boards were required,
and additional funds are needed to complete the project;
• FWCC Lift replacement $220,000.00 — The Reach Master Lift equipment was damaged in May
2018 and is therefore being added to the capital plan; Reach Master offered a discount and trade in;
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however it has to be bid out by Purchasing; therefore, the total amount is being appropriated with
Risk Management covering a portion; the final amount will not be known until the bid is completed;
WRMC Chiller $436,000.00 - to complete the replacement of the Central plant Chiller at WRMC.
The project was originally planned in FY2016 but was delayed for inclusion in the Venue Project
debt issuance. The core system was replaced as part of the FY2018 CIP at a cost of $900,000.00;
however, price increases prevented completion of the entire scope that included replacement of all
campus -wide air compressors and pneumatic controls with electronic controls and update of
existing electronic controls that have reached end of life. Completion of the project requires an
additional $436,000.00; however, this will eliminate the need for numerous air compressors around
the campus and should result in savings both electrical usage and repairs;
FWCC Minor Programmable projects $250,000.00 — minor repair reserves were depleted with other
projects, these funds are to replace them and complete minor projects such as audio upgrades and
baton motors;
The remaining funds will be available in the Public Events Capital Projects fund balance for future
appropriation to capital improvements and maintenance for FWCC and WRMC. [The Public Events
Capital Project fund was formerly known as DFW Revenue Share Capital fund. The name was changed to
reflect the fact that as of FY2018, the source of funds is not just from the DFW Revenue Share Operating
Fund]
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 appropriation ordinances, funds will be available in the current budget as appropriated in the
Public Events Capital Projects Fund.
FUND IDENTIFIERS (FIDsJ:
TO
Fundf Department ccoun Project Program ctivityf Budget Reference # mounts'
ID ID I Year (Chartfield 2)
FROM
Department ccoun Project JProgram ctivity Budget Reference # moun
7�1
ID 1 ID C Year (Chartfield 2)
CERTIFICATIONS:
Submitted for Citv Manaaer's Office bv:
Oriainatina Department Head:
Additional Information Contact:
Kirk Slaughter (2501)
Andrea Wright (2502)
Logname: 25FY2019 CAPITAL TRANSFER OUT
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