HomeMy WebLinkAboutOrdinance 27322-12-2024J
Ordinance No. 27322-12-2024
4
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE RISK FINANCING FUND IN THE AMOUNT OF
$248,150.68, FROM AVAILABLE UNRESERVED NET POSITION, FOR THE
REPAIR AND REPLACEMENT OF METAL AND COMPOSITE SHINGLED
ROOFS AT THE FORT WORTH ZOO; 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 2024-2025 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Risk
Financing Fund in the Amount of $248,150.68, from available unreserved net position, for the repair and
replacement of metal and composite shingled roofs at the Fort Worth Zoo.
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 27107-09-2024 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said prior ordinances and appropriations are hereby expressly repealed.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:
i.- 4..,V.
Assistant City Attorney
ADOPTED AND EFFECTIVE: December 10, 2024
CITY SECRETARY
(JJannette S. Goodall
City Secretary
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 12/10/24 M&C FILE NUMBER: M&C 24-1075
LOG NAME: 14RISKTRANSFER PARD FORTWORTH ZOO
SUBJECT
(ALL) Authorize Payment to Fort Worth Zoological Association in the Amount of $248,150.68 for the Repair and Replacement of Metal and
Composite Shingled Roofs at the Fort Worth Zoo and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that City Council:
1. Authorize payment to Fort Worth Zoological Association in the amount of $248,150.68 for the replacement of metal and composite shingled
roofs at the Fort Worth Zoo; and
2. Adopt an appropriation ordinance increasing estimated receipts and appropriations in the Risk Financing Fund in the amount of
$248,150.68, from available unreserved net position, forthe repair and replacement of metal and composite shingled roofs at the Fort Worth
Zoo..
DISCUSSION:
In March 2023, a hailstorm damaged several buildings at the Fort Worth Zoo. A total of 108 buildings were claimed as damaged. An investigation
revealed that buildings with metal or composite shingled roofs suffered damage as a direct result of the hail event.
The actual cash value to repair or replace the damaged roofs is $248,150.68 (Origami Claim # 1 PC06257).
This total amount of damage is less than the total aggregate deductible of $10,000,000.00 under the applicable Property insurance policy that
covers City assets. The City self -insures for losses up to the deductible amount on the property policy.
Funding is available for the appropriation in the net position of the Risk Financing Fund. The beginning available net position balance for the Risk
Financing Fund is $63,104,822.89. After payment to the Fort Worth Zoological Association, the ending balance will be $62,856,672,21.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION 1 CERTIFICATION:
The Director of Finance certifies that funds are currently available from net position of the Risk Financing Fund, and upon approval of the above
recommendations and adoption of the attached appropriation ordinance, funds will be available in the Risk Financing Fund. Prior to any
expenditure being incurred, the Human Resources Department has the responsibility to validate the availability of funds.
Submitted for Cijy Manager's Office bv: Jesica L. McEachern 5804
Orlainatinq Business Unit Head: Dianna Giordano 7783
Add itional_Information Contact: Joanne Hinton 6275