HomeMy WebLinkAbout(0130) 201020_TIF_FY21_Appropriation_Ordinance_Final.PDFOrdinance No
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE TAX INCREMENT FUNDS IN THE AMOUNT OF $90,148,935.00, FROM AVAILABLE
FUNDS, FOR THE PURPOSE OF ESTABLISHING APPROPRIATIONS IN THOSE
FUNDS; 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 2021 in the Budget
of the City Manager, there shall also be increased estimated receipts and appropriations in the Tax Increment
Funds in a cumulative amount of $90,148,935.00, from available funds, for the purpose of establishing
appropriations in those Funds, with such appropriation allocated to the various funds as follows:
Fund
Appropriation
TIF Fund - Zone No. 2A - Texas Motor Speedway (28721)
$1,158,220.00
TIF Fund - Zone No. 2B - Texas Motor Speedway (28722)
$2,556,191.00
TIF Fund - Zone No. 3 - Downtown (28603)
$8,835,534.00
TIF Fund - Zone No. 3A - Downtown (28730)
$6,482,536.00
TIF Fund - Zone No. 4 - Southside Medical District (28604)
$16,931,188.00
TIF Fund - Zone No. 6 - Riverfront (28606)
$191,652.00
TIF Fund - Zone No. 7 - North Tarrant Pkwy (28607)
$801,132.00
TIF Fund - Zone No. 7A - North Tarrant Pkwy (28770)
$292,023.00
TIF Fund - Zone No. 8 - Lancaster (28608)
$21,182,253.00
TIF Fund - Zone No. 9 - Trinity River Vision (28609)
$6,530,545.00
TIF Fund - Zone No. 9A - Trinity River Vision (28790)
$594,593.00
TIF Fund - Zone No. 10 - Lone Star (28610)
$950,002.00
TIF Fund - Zone No. 10A - Lone Star (28710)
$136,141.00
TIF Fund - Zone No. 12 - East Berry Renaissance (28612)
$3,560,141.00
TIF Fund - Zone No. 13 - Woodhaven (28613)
$11,121,264.00
TIF Fund - Zone No. 14 - Trinity Lakes (28614)
$6,736,234.00
TIF Fund - Zone No. 15 - Stockyards/Northside (28615)
$2,089,286.00
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 incorporated into the ordinance effecting the budget of the municipal government
of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2020, and ending September 30,
2021, 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 priorordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary K. Kayser