HomeMy WebLinkAboutOrdinance 24081-03-2020 Ordinance No. 24081-03-2020
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GENERAL GAS LEASE CAPITAL PROJECT FUND IN THE AMOUNT OF $620,000.00,
FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING BROADCAST HILL LAND
ACQUISITION PROJECT; 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 2019-2020 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
General Gas Lease Capital Project Fund in the amount of$620,000.00, from available funds, for the purpose
of funding Broadcast Hill Land Acquisition Project.
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 23835-09-2019 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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
C)Jr1.1'1tA
A Jilllliainit City Attdrn_6J I Mary J. Kays r
ADOPTED AND EFFECTIVE: March 3, 2020 O� FQ/�Tl2
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 03/03/20 M&C FILE NUMBER: M&C 20-0124
LOG NAME: 21 BROADCAST HILL
SUBJECT
Authorize a Distribution in the Amount of$620,000.00 in Income from the City's Mineral Trust Fund,Authorize the Acquisition of Approximately 50
Acres of Land Located at 2, 10 and 11 Broadcast Hill Street from Total E&P USA Real Estate LLC in the Amount of$610,000.00,Authorize the
Payment of Estimated Closing Costs in an Amount up to$10,000.00 and Adopt Appropriation Ordinances(COUNCIL DISTRICT 8)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize a distribution in the amount of$620,000.00 in income from the City's Mineral Trust Fund,the Fort Worth Permanent Fund,
commensurate with the terms of the amended trust document,distributed from the General Endowment Gas Lease Fund;
2. Authorize the acquisition of a fee simple interest of approximately 50 acres of land located at 2, 10 and 11 Broadcast Hill Street from Total
E&P USA Real Estate LLC in the amount of$610,000.00;
3. Authorize the payment of estimated closing costs in an amount up to$10,000.00;
4. Authorize the City Manager,or his designee,to accept the conveyance and execute and record the appropriate instruments;
5. Adopt the attached appropriation ordinance increasing receipts and appropriations in the General Endowment Gas Lease Fund in the
amount of$620,000.00;and
6. Authorize a transfer to and adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Broadcast
Hill-Acq project in General Gas Lease Capital Project Fund in the amount of$620,000.00 by decreasing the same amount from General
Endowment Gas Lease Fund.
DISCUSSION:
The purpose of this Mayor and Council Communication(M&C)is to acquire approximately 50 acres of natural, undeveloped land located at 2, 10
and 11 Broadcast Hill Street(Broadcast Hill property)for the purpose of providing open space within the City of Fort Worth in accordance with the
Open Space Land Preservation Program for the City of Fort Worth.
In August,2019,the City Manager established the cross-departmental City Open Space Stakeholder Group to evaluate options for long-range
open space planning and prioritization to preserve select open space in the City of Fort Worth in accordance with City Council strategic goals.
On December 3,2019,Staff presented an Open Space Land Preservation Program to City Council which identified potential areas of opportunity,
including in the East Fort Worth/Trinity River Area. In January 2020,the Broadcast Hill property was identified as a potential acquisition in
accordance with the stated goals and objectives of the Open Space Land Preservation Program.
The City and the property owners have agreed to the total purchase price of$610,000.00. The mineral estate will not be acquired and the deed
will contain language preventing surface use of any kind for mineral development. The City will pay closing costs which are estimated in an amount
up to$10,000.00.
Funding will be distributed from the City's Mineral Trust Fund,the Fort Worth Permanent Fund,commensurate with the terms of the amended trust
document. The funds will be distributed from the General Endowment Gas Lease Fund. Other trust distributions will be forthcoming during the
budget process for Fiscal Year 2021.
Upon acquisition of the property,the estimated annual operating costs to maintain the property in its natural condition will be$19,130.00 annually.
The property will be general City property under the Open Space Land Preservation Program and not parkland; however,maintenance will be
provided by the Park&Recreation Department. Funds for annual maintenance will be budgeted in the Park&Recreation Department annual
operating budget. Funding for operations and maintenance will be allocated to the Park&Recreation Department's base budget beginning in
FY2021,As of January 31,2020,the cumulative total of additional maintenance costs for FY2021 is$54,046.00.
Citizens in the surrounding neighborhoods have been supportive of the City's Open Space Land Preservation Program and several have pledged
funds for the purpose of acquiring the Broadcast Hill property. These donations will be accepted by the City per the City's Financial Management
Department Donation Policy which provides for acceptance by the Assistant City Manager for cash donations equal to or less than$100,000.00
and by the Department Director for donations equal to or less than$5,000.00.
This property is located in COUNCIL DISTRICT 8,but will serve Citizens in all Council Districts.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations,funds will be available in the capital budgets,as appropriated,
of the General Endowment Gas Lease and General Gas Lease Capital Project(General Gas Lease Capital Prj)Funds,and that prior to an
expenditure being made, Property Management Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office by: Kevin Gunn 2015
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Roger Venabies 6334
Jean Petr 8367