HomeMy WebLinkAboutOrdinance 15701Ordinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $737,674.00,
UPON RECEIPT OF AN ECONOMIC DEVELOPMENT INITIATIVE - SPEGIAL
PROJECT GRANT FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT, FOR THE PURPOSE OF FUNDING THE REVITALIZATION OF
THE HISTORIC POLYTECHNIC HEIGHTS URBAN VILLAGE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES IN CONFLICT
HEREWITH; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE GITY COUNCIL OF THE GITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addition to those amounts alloca#ed to the various City departments for Fiscal Year 2002-
2003 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Grants Fund in the amount of $737,674.00, upon receipt of an Economic
Development Initiative -Special Project Grant from the U.S. Department of Housing and Urban
Development, for the purpose of funding the revitalization of the historic Polytechnic Heights Urban
Village.
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 Na. 15184 and all other ardinances and
appropriations amending the same except in those instances where the pravisians of this ordinance
are in direct conflict with such other ardinances and appropriatians, in which instance said
conflicting pravisians of said prior ordinances and appropriatians are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TQ FC}Rt~~1 AND LEGALITY
~,
aDuPTEC HNU E_-FFE;TI`,!F-
pity of Fort 1~Vorth, Texas
Mayor and Council Communication
CC}UNC11_ ACTION: Approved on 913012003 - C}rd, #15701
DATE: Tuesday, September 30, 2003
REFERENCE NC}.: ~~G-14106 LflG~NAME: 17P{O~Y~bl2
SUBJECT:
Authorization to Apply for and Accept an Economic ,Development initiative -Special Project Grant
for the Revitalization of the Polytechnic Heights Urban Village and Execute Related Grant
Agreement
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to apply for and accept an Economic Development Initiative {EDI} -
Special Project grant in the amount of $737,674 from the U.S. Department of Housing and Urban
Development (HUD} far the revitalization of the historic Polytechnic Heights Urban Village; and
2. Authorize the City Manager to execute a grant agreement with HUD, if the City is awarded the grant;
and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Grants Fund by $737,674 ,upon receipt of the grant.
DISCUSSION:
During the FY2003 federal appropriations process, the Gity requested and received two EDi -Special
Project grants totaling $961,212 to revitalize the PolytechniclWesleyan Urban Village along the East
Roseda{e Street priority commercial corridor. This project, referenced in the Conference Report (HR 108-
10} accompanying the VA-HUD-Independent Agencies Appropriations Act, specifies $737,674 for the
revitalization of the Fort Worth Polytechnic Heights Historic Commercial and Educational Center {B-03-SP-
TX-0767}.
Tf,e City Council unanimously selected redevelopment activities within the Polytechnic/V1/esleyan Urban
Village as the EDl-Special Projects approprations priority for FY2Q03 The PolytechnicNVesleyan Urban
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the ra,., street ~~pgrade ,~,e m`ras~ruc,~;re and support tr,e deve;opment of an infiil two-story mixes-use
oft"ceiresidential building along the corridor The project bounuaries are along E P.osedale Street between
Beach Street and Bishop Street. Significant economic improvement to this area would assist in overcoming
barriers that chal!er-ge ~nder_endent private investn;e^± Thy Psi,,,+~~hnic'1,^Jesleyar. Urban Village proiect
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area. The project is expected to be completed in June 2005.
FISCAL INFORMATIONICERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations, receipt of the grant, and
adoption of the attached appropriations ordinance, funds will be available in the current operating budget,
as appropriated, of the Grants Fund.
TO FundlAccountJCenters FROM FundlAccountlCenters
GR76 461727 002206886000 $737,674.00
GR76 5
{VARIQUS} 002206886010 $737,674.00
Submitted for City Manager`s Office by: Reid Rector {6140}
Originating Department Head: Tom Higgins {6192}
Additional Information Contact: Christine Maguire {8187}
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