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HomeMy WebLinkAboutOrdinance 11774 ORDINANCE NO. ZZ� AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CAPITAL PROJECTS RESERVE FUND IN THE AMOUNT OF $170,000.00 FOR THE PURPOSE OF TRANSFERRING FUNDS TO THE SPECIALLY FUNDED CAPITAL PROJECTS FUND FOR UTILITY IMPROVEMENTS AT THE FORT WORTH ZOO; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL 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 the Fiscal Year 1994-95 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Capital Projects Reserve Fund in the amount of $170,000.00 for the purpose of transferring funds to the Specially Funded Capital Projects Fund for Utility Improvements at the Fort Worth Zoo. SECTION 2. 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. 11645 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 and be in full force and effect from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY: 'it4Arney`� r Date Adopted Effective City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 12/20/94 G10924 13Z00 1 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND FOR UTILITY IMPROVEMENTS AT THE FORT WORTH ZOO RECOMMENDATION: It is recommended that the City Council: 1 . Adopt the attached supplemental appropriations ordinance increasing estimated receipts and appropriations in the Capital Projects Reserve Fund by $170,000.00 from increased revenues, and 2. Authorize the transfer of $170,000.00 from the Capital Projects Reserve Fund to the Specially Funded Capital Projects Fund, and 3. Adopt the attached supplemental appropriations ordinance increasing estimated receipts and appropriations in the Specially Funded Capital Projects Fund by $170,000.00 from increased revenues. DISCUSSION: Section 8.04 of the City's contract with the Zoological Association states that the City will relocate or alter basic utilities to accommodate any construction or modifications at the Zoo. On August 11 , 1994, during the presentation of the 1994-95 Zoo budget, Council was informed that the Zoological Association was planning seven construction projects during the 1994-95 fiscal year that would require basic utility modifications. A summary of each project, the utility modification cost to be paid by the City, and the construction cost to be paid by the Zoological Association appears below. Construction Cost Project Utility Cost (City) (Zoological Association) Yellow Rose Saloon $20,000.00 $225,000.00 Bugs & Butterflies 10,000.00 265,000.00 Maintenance Complex 25,000.00 200,000.00 Front Gift Shop 50,000.00 1,000,000.00 Train Depots 35,000.00 1,000,000.00 Red Panda 5,000.00 50,000.00 Komodo Dragon 25,000.00 100,000.00 Total $170,000.00 $2,840,000.00 0 Printed on recycled paper City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 12/20/94 G10924 13Z00 2 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND FOR UTILITY IMPROVEMENTS AT THE FORT WORTH ZOO It is recommended that the City's utility modifications costs be paid out of the Capital Projects Reserve Fund. These improvements meet City financial policy requirements of having a useful life of ten years or longer. Upon completion of the construction projects, the improvements will become the property of the City and the Zoological association will establish a maintenance endowment for 5 percent of the construction costs for each project. Further, the Zoological association is responsible for maintaining these improvements on a day-to-day basis. FISCAL INFORMATION/CERTIFICATION: The Director of Fiscal Services certifies that upon approval of the above recommendations and adoption of the attached appropriations ordinances, funds required for these improvements will be available in the current capital budget of the Specially Funded Capital Projects Fund. The cash balance in the Capital Projects Reserve Fund after this transfer will be $3,085,906.00. CB:r h Submitted for City Manager's FUND ACCOUNT CENTER 7 AMOUNT CITY SECRETARY Office by: (to) (1)GC10 472040 013010001000 $170,000.00 Charles Boswell 8500 (1)GC10 538070 013010001000 $170,000.00 Originating Deparbnent Head: (2)GC35 472010 081018001000 $170,000.00 APPROVED (3)GC35 472010 081018001000 $170,000.00 CITY COUNCIL (3)GC35 534120 081018001000 $170,000.00 i Jim Keyes 8517 (from) DEC 20 1994 (2)GC10 538070 013010001000 $170,000.00 � ��`�4 4 For Additional Information � �� / Contact: fkffeWy 0[*AC ty 61%d ut 71111111111ss Jim Keyes 8517 Printed on recycled paper