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OFIZE'L RECORD
ORDINANCE NO. CITY SECRETARY
FT.'WORTH, TEX.
AN ORDINANCE PROVIDING FOR AN APPROPRIATION AND ADVANCE OF
FUNI:4`i FROM THE UNAPPROPRIATED SURPLUS IN THE GENERAL FUND TO
THE AIRPORTS FUND IN A CERTAIN ACCOUNT, SUCH APPROPRIATION
AND ADVANCE TO BE USED FOR THE PURCHASE OF CERTAIN REAL PROP-
ERTY AND IMPROVEMENTS FOR THE EXTENSION OF THE CLEAR ZONE AREA
AT MEACHAM FIELD; PROVi;D G FOR THE REIMBURSEMENT OF THE GEN-
ERAL FUND AFTER THE SALE C 00fiTEMPLATED AIRPORT REVENUE BONDS,
SERIES 1960; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That on April 1, 1960, the City Council of the City of Fort Worth
authorized the purchase from Luther D. Prescott, of Tarrant County, Texas,
of 7.4 acres of land more or less out of the S. A. & M. G. R. R. Company
Survey, Abstract No. 1464, in Tarrant County, Texas, also known as the
Cobell Industries property.
SECTION 2.
That there is currently in the budgetary accounting of the Airports
Fund of the City of Fort Worth an insufficient amount to provide for the
payment of the consideration in such real estate transaction.
SECTION 3.
That it is necessary that an appropriation be made from the unappro-
priated surplus in the General Fund of the City of Fort Worth for the pur-
pose of providing for the extension and improvement of the clear zone at
the northerly end of Meacham Field Airport.
SECTION 4.
That the total sum of One Hundred Eighty-seven Thousand, Three Hun-
dred Twenty-five and no,/100 Dollars ($187,325•00) be appropriated and
advanced from the unappropriated surplus of the General Fund of the City
of Fort Worth to provide funds for FAA Project No. 9-41-152-6002 for the
extension and improvement of the clear zone area at the northerly end of
Meacham Field Airport and in connection therewith the purchase of the
said Cobell Industries property in accordance with the action of the City
Council of the City of Fort Worth on April 1, 1960.
SECTION 5.
That there is currently in such budgetary accounting of the General
Fund of the City of Fort Varth an unappropriated surplus estimated to
be in excess of the amount of One IIundred Eighty-seven Thousand, Three
I.Tundred Twenty-five and no/100 Dollars 01187,325.00b
SECTION 6.
That the appropriation and advance herein made shall be devoted to
the payment of the consideration for the purchase of 7.4 acres of land
more or less out of the S. A. & M. G. R. R. Company Survey, Abstract Uo.
1464, in Tarrant County, Texas, also known as the Cobell Industries prop-
erty, less all tales and other amounts due and owing to the City of fort
iJorth, and shall not be used, applied or diverted to any other purpose
or object whatsoever than such airport purpose.
SECTION 7.
That upon the sale of the Airport Revenue bonds, Series 1960, con-
templated to be sold at the expiration of the current fiscal year, the
said amount herein appropriated and advanced shall be replaced in the
General Fund of the City of Fort Worth from the FAA Project To. 4-41-
152-6002.
SECTION 8.
That this ordinance shall be in full force and effect from and after
the date of its passage, and it is so ordained.
AP=177D AS TC 70i,I4 AND LEGALITY:
s &1-
City Attorney
ORDINANCE
No.
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Adopted
Final Adoption
Published
Filet -Day of , 19 o
City Secretary
P.O.No.29793-A