HomeMy WebLinkAboutOrdinance 26448-09-2023ORDINANCE NO.26448-09-2023
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL CAPITAL PROJECTS FUND IN THE
AMOUNT OF $5,000,000.00, TRANSFERRED FROM THE GENERAL FUND, FOR
THE PURPOSE OF FUNDING THE MUSEUM OF SCIENCE & HISTORY
PROJECT (CITY PROJECT NO.104696); 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 2022-2023 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the General
Capital Projects Fund in the amount of $5,000,000.00, transferred from the General Fund, for the purpose of
funding the Museum of Science & History project (City Project No. 104696).
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 25773-09-2022 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said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED AND EFFECTIVE: September 12, 2023
CITY SECRETARY
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Jannette S . Goodall
City Secretary 4- '14T
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/12/23 M&C FILE NUMBER: M&C 23-0739
LOG NAME: 02FWMSH2023
SUBJECT
(CD 7) Authorize Contribution to the Fort Worth Museum of Science and History in the Amount of $5,000,000.00 as a One -Time Capital
Contribution to Support the Construction of a New Omni Digital Dome and Adopt Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Council:
1) Authorize the contribution to the Fort Worth Museum of Science and History in the amount of $5,000,000.00 as a one-time capital contribution to
support the construction of a new omni digital dome to expand cutting -edge technology and create innovative opportunities for new programming;
2) Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Fund in the amount
of $5,000,000.00, from available assigned fund balance, for the purpose of funding a one-time capital contribution to support the construction of a
new omni digital dome; and
3) Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Capital Projects Fund in an
amount of $5,000,000.00, transferred from the General Fund, for the purpose of funding the Museum of Science & History project (City Project No.
104696).
4) Amend the Fiscal Year 2023 Adopted Budget and Fiscal Year 2023 — 2027 Capital Improvement Program.
DISCUSSION:
World -class museums contribute significantly to the City of Fort Worth's community identity and economic vitality. Since 1945, the Fort Worth
Museum of Science and History (FWMSH) has served countless residents, families, and visitors through interactive exhibits and hands-on history
lessons. The Omni Theater has welcomed over 10 million visitors since opening in 1983, serving as the main revenue driver before closing in
2020 during the COVID-19 pandemic.
However, the Omni Theater's technology is four decades old and has become inoperable, making it difficult to sustain museum patronage or
create exciting programs. To that end, the FWMSH has funding committments for the $21,600,000.00 needed to replace the Omni Theater with
Digital Dome technology. Furthermore, the FWMSH has created a proforma that shows sustainability with no additional City funding needed.
Therefore, the purpose of this M&C is to request that the City Council authorize the contribution to the FWMSH in the amount of $5,000,000.00 as
a one-time capital contribution to support the construction of a new omni digital dome to expand cutting -edge technology and create innovative
opportunities for new programming.
The City's contribution of $5,000,000 comes after verifying the FWMSH has successfully:
1) shown that the remaining $16,6000,000 of capital contributions needed to fund the Digital Dome has already been committed by other
organizations, thus putting the FWMSH "across the fundraising finish line", and
2) shown a proforma that indicates full sustainability without the need for additional funding
The funding for this contribution was assigned in the Fiscal Year 2022 fund balance to fulfill the City's commitment to assist in the replacement of
the Omni Theater Digital Dome at the FWMSH.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are currently available in the assigned fund balance within the General Fund and upon approval of the
above recommendations and adoption of the attached appropriation ordinances, funds will be available in the General Capital Project Fund for the
Museum of Science & History project. Prior to an expenditure being incurred, the City Manager Department has the responsibility of verifying the
availability of funds.
Submitted for City Manager's Office by: Fernando Costa 6122
Originating Business Unit Head: Carlo Capua 6363