HomeMy WebLinkAbout2020/12/01-Attachments-20HISTORIC SOUTHSIDE FUNDING AGREEMENT_30286_AO21(r4).PDFOrdinance No.
AN ORDINANCE INCREASING RECEIPTS AND APPROPRIATIONS IN THE TAX
INCREMENT REINVESTMENT ZONE -GENERAL CAPITAL FUND IN AN AMOUNT UP TO
$2,250,000.00, TRANSFERRED FROM THE TAX INCREMENT REINVESTMENT ZONE
NUMBER FOUR-SOUTHSIDE MEDICAL DISTRICT FUND, FOR THE PURPOSE OF
FUNDING THE HISTORIC SOUTHSIDE IMPROVEMENT PROJECT (CITY PROJECT NO.
102932); 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 2020-2021 in the
Budget of the City Manager, there shall also be increased receipts and appropriations in the Tax Increment
Reinvestment Zone -General Capital Fund in an amount up to $2,250,000.00, transferred from the Tax
Increment Reinvestment Zone Number Four-Southside Medical District Fund, for the purpose of funding the
Historic Southside Improvement Project (City Project No. 102932).
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 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed.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 shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser