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HomeMy WebLinkAboutOrdinance 19404-10-2010 Ordinance No. 19404-10-2010 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PARK GAS LEASE PROJECT FUND IN THE AMOUNT OF $70,000.00, UPON RECEIPT OF PAYMENT FROM MAYFEST, INC., FOR THE PURPOSE OF FUNDING PLAYGROUND IMPROVEMENTS AT TRINITY PARK; 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 2010-2011 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Park Gas Lease Project Fund in the amount of $70,000.00, upon receipt of a monetary payment from Mayfest, Inc., for the purpose of funding playground improvements at Trinity Park. 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.19355 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. AP ROVED S TO FORM AND LEGALITY: Assis t City A ey ADOPTED AND EFFECTIVE: October 12, 2010 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION. Approved orl,1011212010 - Ord. No. 19404AID-2010 DATE: Tuesday, October 12, 2010 REFERENCE NO.: G-17083 LOG NAME: 80MAYFESTDONATION SUBJECT: Authorize the Acceptance of$70,000.00 from Mayfest, Inc., Consisting of 2010 Mayfest Proceeds and an Additional Monetary Donation for Park Improvements at Trinity Park and Adopt Appropriation Ordinance (COUNCIL DISTRICT 9) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the City Manager to accept Mayfest, Inc., 2010 proceeds in the amount of$24,000.00; 2. Authorize the acceptance of an additional monetary donation in the amount of$46,000.00 from Mayfest, Inc., for park improvements in Trinity Park; and 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Park Gas Lease Project Fund by $70,000.00. DISCUSSION: Since 1973 the annual Mayfest, Inc., festival has been held in a portion of Trinity Park for the enjoyment of the public and as a fundraiser for the community. In 1994, the City entered into a license agreement with Mayfest, Inc., with an initial term of five-years and two five-year renewal periods. On April 28, 2009, the City Council authorized execution of a new license agreement(M&C C-23491)with Mayfest. As part of the agreement, Mayfest, Inc., pays the City a rental amount equal to (20 percent) of the net operating profits from the Mayfest, Inc., event with such funds being used to support programs of the Parks and Community Services Department(PACSD) and to pay toward costs of equipment purchases and facility improvements. The City's percentage of the proceeds totaled approximately $24,000.00 for Mayfest 2010. In recognition of this longstanding cooperative relationship with the Fort Worth PACSD, Mayfest, Inc., wishes to provide an improvement in Trinity Park that will benefit the entire Fort Worth community. On August 19, 2010, the Mayfest, Inc., Board of Directors approved a $70,000.00 disbursement to the PACSD, consisting of$24,000.00 from the City's percentage of the net operating proceeds from Mayfest,lnc., 2010 and an additional donation of$46,000.00 to be used for improvements in Trinity Park. These funds will be leveraged with Gas Well Lease Funds of$20,970.25, for improvements at Trinity Park, totaling $90,970.25. It is anticipated that construction of these improvements will be complete by April 1, 2011. On September 22, 2010, the Parks and Community Services Advisory Board endorsed acceptance of this Logname: 80MAYFESTDONATION Page I of 2 donation. Trinity Park is located in COUNCIL DISTRICT 9 and serves the entire City. FISCAL INFORMATION / 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 Gas Lease Project Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 1)C282 488200 809480162980 $24,000.00 2)C282 488200 809480162980 $46.000.00 3) C282 541600 809480162980 $70,000.00 CERTIFICATIONS: Submitted for City Manager's Office by: Charles Daniels (6183) Originating Department Head: Richard Zavala (5704) Additional Information Contact: David Creek (5744) Logname: 80MAYFESTDONATION Page 2 of 2