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HomeMy WebLinkAboutOrdinance 17034-07-2006Ordinance No. 17034-07-20Qf~ AN ORDINANCE INCREASING APPROPRIATIONS IN THE CULTURE AND TOURISM FUND IN THE AMOUNT OF $795,536.70 AND DECREASING THE UNRESERVED, UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO THE SPECIALLY FUNDED CAPITAL PROJECTS FUND TO EXECUTE AN AGREI=MEhJT WETH TXU ELECTRIC DELIVERY COMPANY FOR LABOR, MATERIALS AND EQUIPMENT TO PROVIDE ELECTRICAL SERVICES TO THE NEW CITY PARKING GARAGE; PROVIDING FOR A SEVERAS[LITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE lT 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 2005- 2006 in the Budget of the City Manager, there shall also be increased appropriations in the Culture and Tourism Fund in the amount of $795,536.70 and decreasing the unreserved, undesignated fund balance by the same amount, far the purpose of transferring said funds to the Specially Funded Capital Projects Fund to execute an agreement with TXU Electric Delivery Company for lobar materials and equipment to provide electrical services to the new City Parking Garage. 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 ar judgment shalt in na way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in #ull farce and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 16582 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. ADOPTED AND EFFECTIVE: July 1 1, 2006 This ordinance shall take effect upon adoption. i~jr ®f F~rf ®~, Teas r i i COUNCiL ACTION: Approved on 711112006 -Ordinance No. 17034-07-2006 & 17035-07-2006 DATE: Tuesday, July 11, 2006 LOG NAME: 20GARAGEPUWER REFERENCE N®.. ~~C-21546 SU~3JECT: Adopt Appropriation Qrdinances and Authorize Agreement with TXU Electric Delivery Company for Electrical Service to the New City Parking Garage -_ ~ _ - ~ T-~-~ REC©MMENDATIUN. It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing appropriations in the Culture and Tourism Fund by $795,535.70 and decreasing the unreserved, undesignated fund balance by the same amount; 2. Authorize the transfer of $795,536.70 from the Culture and Tourism Fund to the Specially Funded Capital Projects Fund; 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Specially Funded Capital Projects Fund by $795,535.70 from available funds; and 4. Authorize the City Manager to execute an agreement with TXU Electric Delivery Company, in the amount of $795,536.70 for labor, materials, and equipment to provide electrical service to the new City Parking Garage currently under design. DISCUSSIi®N: On January 24, 2006, (M&C C-21271) City Council authorized a consultant agreement for the design of a new City Parking Garage immediately north of the site for the new Omni Hotel. The electrical service requirements for the garage have been determined. TXU Electric ^elivery Company's price for lobar, materials, and equipment necessary to provide the service is $795,536.70. This agreement needs to be executed at this time due to the long lead time associated with the delivery of the transformers needed for the new garage. The Culture and Tourism Fund is providing $5,000,000 of the financing for this project. Upfront payment for the cost of the electric service will be made from these funds. The new garage will be physicaNy located in COUNCIL DISTRICT 9, but will serve residents in all Council DlStriCtS. Logname: 20GARAGEPOWER t'age t of 2 I"ISCAL INFORMATIONICt=RTIFICATION: The Finance Director certifies that upon approval of the above recommendations and adoption afi the attached appropriation ordinances, fiunds will be available, in the current capital budget, as appropriated, of the Specially Funded Capital Projects Fund. The unreserved, undesignated fund balance of the Culture and Tourism Fund will be $11,403,391 after this appropriation. TO FundlAccountlCenters FROM FundlAccountlCenters 1. GG04 53807D D24040Q $795,536.70 2.) GGD4 538070 024040© $795 536.7D 2 3.) 0291 472pD4 3D1070013680 X795,536.70 4.)_C291 541200 301D7001368D 795 536.7D 3.) C291 541200 301070013680 795 536.70 Submitted for City Manager's Office b~ Marc Ott (0122} Ori inatin ®e artment Head: Robert Goode (7804} Additional Information Contact: Greg Simmons (7802) Logname: 20GARAGEPOWER Page 2 of 2