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HomeMy WebLinkAbout(0108) M&C 19-0048City of Fort Worth, Texas Mayor and Council Communication DATE: 08/20/19 M&C FILE NUMBER: M&C 19-0048 LOG NAME: 19COMONOV2019 SUBJECT Authorize Receipt of Funds in the Amount of $100,000.00 from FG Aledo Development, LLC for Capital Expenditures at the New Como Community Center Scheduled to be Completed in 2019 and Adopt Appropriation Ordinance (COUNCIL DISTRICT 3) RECOMMENDATION: It is recommended that the City Council: 1. Authorize receipt of funds in the amount of $100,000.00 from FG Aledo Development, LLC for capital expenditures at the new Como Community Center scheduled to be completed in 2019; and 2. Adopt the attached appropriation ordinance increasing receipts and appropriations in the Special Donations Cap Projects in the amount of $100,000.00. DISCUSSION: The Como neighborhood is poised for revitalization. Leading that effort is the development of a new Como Community Center. The existing Como Community Center was built in 1970 on Horne Street near West Vickery Boulevard. Its after school program has been in existence for more that 20 years, and as many as 140 students participate annually. Como is the only community center in Fort Worth with a track and field team, as well as pee wee football and cheerleading leagues. The center provides an evening meal daily for youth, a mobile pantry every third Friday in collaboration with Tarrant Area Food Bank and it has a robust senior program called Best Years Club that serves more than 50 active older adults with meals, activities and transportation. The center is also a Community Action Partners site that provides assistance to low-income residents. The project cost is expected to be more than $12 million. Funds assigned to this project are as follows: $5.3 million in 2014 bond funds; $4.65 million in 2018 tax notes; $1.7 million surplus capital; $1 million park gas revenue; Park and Recreation Department Pay -Go capital funding of $675,000.00; $300,000.00 park dedication funds for land acquisition; Tarrant County in -kind donation for parking lot construction valued at $300,000.00; and Williams Gas Company donation of $150,000.00. The $100,000.00 donation is unrestricted and is anticipated to be used for capital expenditures. The Como Community Center is located in COUNCIL DISTRICT 3. A Form 1295 is not required for this contract because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations, receipt of the donation and adoption of the attached appropriation ordinance, funds for operation will be available in the current operating budget, as appropriated, of the of the Special Donations Cap Projects Fund. The Neighborhood Services Department shall be responsible for identifying funding sources to cover expenses incurred in the event the donated funds are not received. This is an advance donation. Submitted for City Manager's Office by. Fernando Costa 6122 Originating Business Unit Head: Sonia Singleton 5774 Additional Information Contact: Benedict George 7339