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HomeMy WebLinkAboutOrdinance 17041-07-2006Ordinance No. 1 704 1-07-20 06 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $81,250 FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING THE EVANS AND ROSEDALE SUSTAINABLE DEVELOPMENT PROJECT; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2005- 2006 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Grants Fund in the amount of $81,250, from available funds, far the purpose of funding the Evans and Rosedale Sustainable Development Project. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void far any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in na 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 Na. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: w ~~.~. ~- Assistant ity ttorney ADOPTED AND EFFECTIVE: July 11, 2006 pity ®f Ford VI/®-~th, T"e.~as Mayor and Council Communication COUNCIL ACTION: Approved on 7/11/2006 - Resolufiion No. 3384-07-20E1«6 & Ordinance No. 17041-07-2006 DATE: Tuesday, July 11, 2006 LOG NAME: 22SD EVANS&ROS REFERENCE N®.: G-15240(Revisedj SUBJECT: Adopt Resolution Authorizing an lnterlocal Agreement with North Central Texas Council of Governments for the Evans and Rosedale Sustainable ^evelopment Project, Accept Funds from NCTCOG and Tax Increment Reinvestment Zone Number Four (Southside TII=}, Adopt Appropriation Ordinance and Authorize Payment to NCTCOG -p R~CC)MMEN®ATii©N: It is recommended that the City Council: 1. Adopt the attached resolution to authorize entering into an interlacal agreement (It.A} with the North Central Texas Council of Governments (NCTCOG} far the Evans and Rosedale project (Project}; 2. Authorize the City Manager to accept Sustainable ©evelopment Program funds in the amount of $65,000 from NCTCOG; 3. Accept funds from the Tax Incremenfi Reinvestment Zone Number 1*aur (Sauthside TIF) in the amount of $16,250 towards the local cash match; 4. Authorize a transfer from the Special Assessment District Sauthside TIF Fund in the amount of $16,250 to the Grants Fund; 5. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the Grant Fund by $81,250; 6. Authorize payment of $96,250 to be paid to NCTCOG in lieu of administrative fees, with the understanding that these funds will be reimbursed when expenditures have reached 80 percent of the Project. DISCUSSI®N: On January 19, 2006, {M&C G-15065} the City Council authorized the Planning Department to submit nominations far seven projects for funding through the Sustainable Development Program. On April 13, the Regional Transportation Council approved funding in the amount of $65,000 for the Evans and Rosedale project. The grant will be used to fund a housing market assessment and urban design standards. This grant amount requires a local cash match of $16,250, which brings the fatal Project amount to $81,250. The Sauthside TIF has committed to provide $16,250 for the local cash match requirement. In lieu of charging administrative fees, NCTCOG requires that the local cash match be paid before they will issue a Notice to Proceed nn the Project. NCTCOG will return these funds to the City when expenditures Lagname: 22SD EVANSROS Page t a~2 have reached 80 percent of the Project, and retain the interest earned to cover administrative costs. Upon approval of this M&C, staff will complete the following activities: • Submit the resolution to NCTCOG on or before Friday, July 14 for consideration by the Surface Transportation Technical Committee, the Regional Transportation Council, and the Executive Board of NCTCOG • Upon approval by the aforementioned bodies, work with NCTCOG to execute an interlocal agreement. • Submit payment of $16,250 to NCTCOG. • After receipt of a Notice to Proceed, issue a request for qualifications from appropriate consulting firms. This project is located in COUNCIL DISTRICT 8. FISCAL INFORMATIONICERTIFICATION: The Finance Director certifies that upon approval of the above recommendations, receipt of the funding, and adoption of the attached appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the Grants Fund. T® FundlAcco~rntlCenters FROM FundlAccountlCenters GR76 451409 022203126000 X65,000.00 GS87 538070 002704097000 X8,250.00 GR78 472087 022203126000 ~0 250.00 GR76 5 (VARIOUS) 022203126000 81 250.00 GR76 '159000 000203120000 $18,250.00 Subrr~itted for CitkMar~a er's Office b Libby Watson (6183) ®riginatinc~ Department Head: Fernando Costa (8042} Additional Information Contact: Patrina Newton (8068) Lagname: 22SD EVANSRO~ Page 2 of 2