Loading...
HomeMy WebLinkAboutOrdinance 7770 ORDINANCE NO. _7 '7 'l 0 AN ORDINANCE APPROPRIATING REVENUE OF THE CITY OF THE SUM OF $241,000 NECESSARY (1) TO PURCHASE THE FORMER FORT WORTH BANK AND TRUST BUILDING, AND ACCOMPANYING PROPERTY, LOCATED AT 1100 NASHVILLE, AT A COST OF $195,000, AND (2) TO REMODEL AND PURCHASE FURNITURE AND FIXTURES FOR SAID BUILDING AT A COST OF NOT TO EXCEED $46,000 PROVIDING A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ORDINANCES IN CONFLICT HEREWITH; AND APPROVING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the City Manager of the City of Fort Worth shall be provided with such revenue as may be secured from various sources included in Ordinance No. 7598 and in the Budget of the City Manager; and in addition thereto there is hereby appropriated a sum of $241,000 necessary (1) to purchase the former Fort Worth Bank and Trust Building, and accompanying property, located at 1100 Nashville, at a cost of $195,000, and (2) to remodel and purchase furniture and fixtures for said building at a cost of not to exceed $46,000, which said sum the City Manager shall be authorized to transfer from the General Fund Deposits in the Capital Reserve Fund to the General Fund Revenues and to appro- priate said sum to Non-Departmental Capital Improvements Account (90-90-00) of the General Fund. SECTION 2. Should any part, portion, section or part of a section of this ordinance be declared invalid or inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way affect the remaining portions, parts, sections or parts of sections of this ordinance, which provisions shall be, remain and continue to be in full force and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 7598, but all other ordinances and appropriations for which provision has been heretofore made are hereby expressly repealed if in conflict with the provisions of this ordinance. SECTION 4. That 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: r, City Attorne ADOPTED: EFFECTIVE:�'"��d 1,14 1 �I s City of .Fort Worth, Texas MATSON BROWN p Mayor an Council Communication BAILIFF IVORY SMITH DATE REFERENCE SUBJECT: Purchase of Former Fort Worth PAGE NUMBER Bank & Trust Building at 1100 Nashville wiLKEs 7/18/78 L-5841 1 rr� for Police Sector Headquarters REED Since January 1, 1978 (M&C C--4084), the Police Department has leased the former Fort Worth Bank and Trust Building, 1100 Nashville, as Sector A headquarters. Two police teams currently occupy the facility with geographical responsibility for the southeast and eastside areas of the City. Benefits Certain benefits have resulted from locating the Sector Headquarters at the present facility including better coordination of assignments, improved supervision, the elimination of supplies and materials duplication, and reduced travel between patrol beats and Sector headquarters. The facility may be utilized in a number of additional ways including community meetings, payment of Municipal Court fines and utilities pay station, or for special police operations, e.g. , Operation Westwind. The demographic characteristics of the community indicate that the facility is within an economically disadvantaged and somewhat transitional area. The locAtion of a police substation in this area provides reassurance and encouragement for redevelopment of homes and businesses. The facility is within close proximity to three public schools which has resulted in greater safety for the area' s children and added police/community interaction. Contractual Options The original lease, for a period of six months (January 1, 1978 to June 30, 1978) , was for a term of $25 with an optional renewal of one six month period subject to the owner' s approval. The lease included a purchase option for a price of $195,000 for the building and three parking lots. Correspondence The owner notified the City of Fort Worth by letter, dated May 1, 1978, of a proposed new lease agreement, if the City chose not to purchase the property. The City was requested to: (a) notify the leaseholder of an intention to renew the lease by May 31 , 1978; (b) agree to renew the lease for $30,000 per year for a period of not less than five years; or (c) make notice of intent to purchase by June 30, 1978. Negotiations with the owner resulted in the current lease being extended from July 1, 1978 to September 30, 1978 during which time the City could exercise an option to purchase the facility for $195,000 or lease the facility for $30,000 per year for a period of not less than five (5) years. It was agreed that the City would vacate the premises by September 30, 1978 if neither of the options were exercised. Remodeling Operation of the facility during the first six months indicates that some remodeling is needed to provide better efficiency, expanded operations, and greater public access. Funds are also needed for additional furniture and fixtures to accommodate increased usage. DATE REFERENCE SUBJECT: Purchase of, Former Fort Worth PAGE NUMBER Bank & Trust Building at 1100 Nashville 2 ct 2 7/18/78 L-5841 for Police Sector Head uarters Financing The proposed purchase price of $11.47%square foot compares favorably to estimated current construction costs of $60.00/square foot for comparable facilities. Funds for purchase and remodeling could be. made available on a loan basis from the Capital Reserve Fund (IC 264895).. The .Capital Reserve Fund would be repaid at an annual rate of $30,000 from annual departmental appropriations. The Chief of Police recommends that the City acquire this property as a per- manent sector headquarters . Recommendations It is recommended that the City Council : 1. Authorize the purchase of the former Fort Worth Bank & Trust building at 1100 Nashville and accompanying property from Four Way Properties, Inc. , for $195,000.. 2. Authorize the necessary expenditures for remodeling, furniture, and fixtures at a cost not to exceed $46,000. 3. Approve a loan from the. General Fund Deposits in the Capital Reserve Fund to General Fund Revenues; and, adopt the attached amendment to the appropriation ordinance for Non--Departmental Capital Improvements Account (90-90-00) of the General Fund for $241 ,000. AJB:cl Attachment SUBMITTED BY: DISPOSITIO BY COUNCIL: PROCESSED BY APPROVED 7 OTHER (DESCRIBE) } t Lx 04Y SECRETARY DATE CITY MANAGER '7 1 v `