HomeMy WebLinkAboutOrdinance 17639-07-2007Ordinance No. 17639-07-2007
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CRITICAL CAPITAL PROJECTS FUND IN THE
AMOUNT OF $20,000 FROM A DIVERSIFIED ASSET PLANNING L.L.C.
RECEIVABLE FOR THE PURPOSE OF EXECUTING FUNDING AGREEMENT
WITH TXDOT FOR THE REVIEW OF THE PS&E PACKAGE FOR NORTH
TARRANT PARKWAY/US 287 INTERCHANGE; MAKING THIS ORDINANCE
CUMULATIVE OF PRIOR ORDINANCES IN CONFLICT HEREWITH; AND
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNGIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2006-
2007 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Critical Capital Projects Fund in the amount of $20,000 from a Diversified
Asset Planning L.L.C. receivable, for the purpose of executing funding agreement with TxDOT for
the review of the PS&E package for North Tarrant Parkway/US 287 Interchange.
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 No. 17142 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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,~hall take effect upon adoption.
TO FO.RM'f~#tD LEGALITY:
ADOPTED AND EFFECTIVE: / July 10, 2007
Cifr of or~f !n/orth9 Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 7/10/2007 -Ord. No. 17639-07-2007
DATE: Tuesday, July 10, 2007
LOG NAME: 20PRES1-LPAFA REFERENCE NO.: **C-22223
SUBJECT:
Authorize Execution of Local Project Advance Funding Agreement with the Texas Department of
Transportation and with Diversified Asset Planning, LLC, for. the Review of the Plans, Specifications
and Estimates Package of North Tarrant Parkway/US 287 Interchange and Adopt Appropriation
Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to execute an Advance Funding Agreement accepting $20,000 from
Diversified Asset Planning, LLC, for the Texas Department of Transportation review of the PS&E (Plans,
Specifications, and Estimates) package for North Tarrant Parkway/US 287 Interchange;
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
amount of $20,000 in the Critical Capital Projects Fund;
3. Authorize the City Manager to execute a Local Project Advance Funding Agreement with TXDOT in the
amount of $20,000 for review of the PS&E package for North Tarrant Parkway/US 287 Interchange; and
4. Authorize payment to TXDOT in the amount of $20,000 for review of the PS&E package for the project.
DISCUSSION:
On January 13, 2004, (M & C C-19929) the City Council authorized the City Manager to execute Advance
Funding Agreements with Presidio Vista I, Ltd., and TXDOT for the review of the schematic design plans for
North Tarrant Parkway/US 287 Interchange.
In May 2006, Presidio Vista I, Ltd., sold the property to Diversified Asset Planning, LLC.
Diversified Asset Planning, LLC, has now prepared a PS&E package for North Tarrant Parkway/US 287
Interchange and requested that the City submit the plans to TXDOT for review. The Texas Transportation
Commission Minute Order Number 108812 authorized TXDOT to review the plans and TXDOT prepared a
Local Project Advance Funding Agreement with the City in the amount of $20,000 for review of the
package.
City Staff prepared an Advance Funding Agreement with Diversified Asset Planning, LLC, to reimburse the
City for Costs incurred by the City under its agreement with TXDOT. The Transportation and Public Works
Department will be responsible for the collection of these funds.
This project is located in COUNCIL DISTRICT 2.
Logname: 20PRESI-LPAFA Page 1 of 2
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, in
the Critical Capital Projects Fund.
TO Fund/Account/Centers FROM Fund/Account/Centers
1,2) C116 488100 020116021224 $20,000.00 3.4) C116 531200 020116021224 $20,000.00
2) C116 531200 020116021224 $20,000.00
Submitted for City Manager's Office b~ Marc Ott (8476)
Originating Department Head: Robert Goode (7913)
Additional Information Contact: Jim Walker (8009)
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