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HomeMy WebLinkAboutOrdinance 17287-11-2006Ordinance No. 1 72 87-1 1-2006 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $250,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING A PROFESSIONAL SERVICES AGREEMENT WITH THE FORT WORTH PARTNERSIP FOR COMMUNITY DEVELOPMENT; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCI=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 Chase amounts allocated to the various City departments for Fiscal Year 2006- 2007 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the General Fund in the amount of $250,000 from available funds for the purpose of funding a Professional Services Agreement with the Fart Worth Partnership for Community Development. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative ar void far 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 farce and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 17142 and all other ordinances and appropriations amending the same except in Chase instances where the provisions of this ordinance are in direct conflict with sack 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPROVI=D AS TO FORM AND LEGALITY: Assistant City Attorney ADOPTED AND EFFECTIVE: November 14, 2006 pity ®f F®r~ ~/vl~, T~a~ Mayor and Council Communication -~ COE9NCIL ACTION. Appro~red on '1'111412006 - Ordinance No. 17287-11-2006 DATE: Tuesday, November 14, 2008 LOG NAI41iEe 17FWPCDYR1 REFERENCE NO.: C-21848 SUBJECT: Authorize the Execution of a Professional Services Agreement with the Fort Worth Partnership for Community DeVeiopment~ for Neighborhood Redevelopment Activities and Adapt Reiated Appropriation Ordinance -- RECOIVIMEN©AT[ON: It is recommended that the City Council: 1. Authorize the transfer of $250,000 from escrow funds to revenue in the General Fund; 2. Adopt the attached supplemental appropriation ordinance increasing the estimated receipts and appropriations by $250,000 in the General Fund from available funds; and 3. Authorize the execution of the attached Professional Services Agreement (Agreement) with the Fort Worth Partnership for Community Development for an initial term of one year and a maximum expenditure during that term not to exceed $25D,OD0. OtSCUSSIQN: On March 1, 2005 and again on April 4, 2006 the Housing Department and Economic and Community Development Department briefed the City Council Central City Revitalization and Economic Development (CCRED) Committee an the formation of the Port Worth Partnership for Community Development {I=WPCD}. The FWPCD is a nonprofit funding collaborative of the City, private foundations and private corporations to support the work of nonprofit place-based neighborhood development corporations. On April 4, 2006, City Council endorsed moving forward with securirig $250,000 toward the first year of funding of FWPCD and seeking funds to participate in the organization's second year of operations. As specified in the CCRED Committee briefings, the City's first year funding for the FWPCD would come from the proceeds of sale of City-owned property at 700 West Rosedale Street. On June 13, 2006, City Council approved M&C L-14203 which authorized the City to enter into a contract (City Secretary Na. 33766} with Pennsylvania Avenue, L.P. to purchase the property at fair market value, which was established at $290,864. The City closed on the property on August 31, 2006. The proposed Agreement will compensate the FWPCD in leveraging private sector dollars to fund neighborhood housing and commercial development sponsored by nonprofit community development corporations {CDCs). An essential part of this activity is to strengthen the capacity of Fart Worth CDCs as well as those of the Partnership. Specific benchmarks are outlined in the scope of work attached to the Agreement. The FWPCD will report quarterly and at the end of the initial one year term on progress made in reaching these benchmarks. Lagname: 17FWPCDYRI Page 1 of'2 FISCAL INFORMATIONICERTIFICATION: The Finance Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds wi[I be available in the current capital budget, as appropriated, of the General Fund. TO FundlAccountlCenters 1 2 GG01 444533 013401{3 X250,000.00 2) GG01 539180 017200Q $250,000.00 FROM F~ridlAccountlCenters 1 GG01 240193 0000000 250 000.00 3} GG01 539180 0172000 $250,000.00 Submitted for City Manager's Office bv: Originating Department Head: Additional Information Contact: Dale Fisseler (6140) Tom Higgins (6192) Christine Maguire (8187) Lognazne: 17FWPCDYRI Page 2 of 2