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HomeMy WebLinkAboutOrdinance 20591-01-2013 Ordinance No. 20591-01-2013 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PARK DEDICATION FEES FUND IN THE AMOUNT OF $172,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF PURCHASING PROPERTY LOCATED AT 8545 SHELBY LANE AND DEDICATING THE PROPERTY AS PARKLAND; 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 2012-2013 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Pak Dedication Fees Fund in the amount of$172,000.00, from available funds, for the purpose of purchasing 8545 Shelby Lane and dedicating the property as parkland. 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. 204 1 1-09-20 1 2 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. 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Thomas and Diana Thomas in the Amount of$167,000.00 Plus Approximately$5,000.00 in Closing Costs, Dedicate the Property as Parkland and Adopt Appropriation Ordinance (COUNCIL DISTRICT 7) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Park Dedication Fees Fund in the amount of $172,000.00 from available funds; 2. Approve the purchase of the property located at 8545 Shelby Lane from Jim L. Thomas and Diana Thomas in the amount of$167,000.00 plus closing costs estimated at $5,000.00; 3. Authorize the execution of the appropriate closing documents to complete the purchase; and 4. Accept the property and dedicate the property as parkland upon acceptance. DISCUSSION: The Lakeland Addition is a small residential neighborhood surrounded by the Fort Worth Nature Center and Refuge. There are currently 43 privately owned properties within this neighborhood area. Over the past several years, the City has been acquiring properties in the Lakeland subdivision as they have become available. As the City has acquired the properties, they have been integrated into the Fort Worth Nature Center and Refuge as endorsed in the Nature Center Master Plan approved by City Council on June 17, 2003 (M&C G-13998). The City has acquired 10 of the privately owned properties in the area to date. Staff has recently identified another property in the Lakeland Addition that is for sale. This property is an improved residential lot. Integration of this property is essential for the future development of the Fort Worth Nature Center and Refuge. The property is further described as follows: Purchase Closing Owner Address Price Costs Total Jim L. and 8545 Diana Shelby $167,000.00 $5,000.00 $172,000.00 Thomas Logname: 178545SHELBY Pagel of 2 This property was appraised by an independent appraiser. Staff considers the cost to be fair and reasonable and recommends the purchase of this property. In order to advance the Fort Worth Nature Center Master Plan, this purchase will be paid for from Park Dedication Fees interest funds with the intention that upon the leasing of the minerals contained within the Fort Worth Nature Center property and distributed per the current Financial Management Policy, the funds will be reimbursed to the Park Dedication Fees Fund. Terms of the Sale Include: Seller will retain mineral rights, but will grant City a surface waiver; City to lease property back to Seller at no cost for 90 days after closing with two 90-day renewals; and During the leaseback period, City's repairs and maintenance costs are capped at $1,000.00. The property is located in COUNCIL DISTRICT 7, Mapsco 45E. .................. FISCAL INFORMATION I CERTIFICATION: The Financial Management Services 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 of the Park Dedication Fees Fund. ........... FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers C281 541200 801909990100 $172,000.00 C281 541100 801410027141 $172,000.00 C281 441012 801909990100 $172,000.00 ................ CERTIFICATIONS: Submitted for City Manager's Office b)L. Fernando Costa (6122) Originating Department Head: Jay Chapa (5804) Cynthia Garcia (8187) Additional Information Contact: Kathy Davenport (7923) Logname: 178545SHELB ► Page 2 of 2