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HomeMy WebLinkAboutOrdinance 15801Ordinance No. AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $4,027,049.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING PEDESTRIAN IMPROVEMENTS IN ACCORDANCE WITH THE SQUTH OF SEVENTH TRANSPORTATION-LAND USE JOINT VENTURE GRANT; 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 2003- 2004 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 $4,027,049.00 from available funds for the purpose of funding pedestrian improvements in accordance with the South of Seventh Transportation-Land Use Joint Venture Grant. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative ar 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 No. 15636 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPRC?VED AS TO FORM AND LEGALITY: ~, pity of Forf IJ~or~h! Texas Mayor and Council Communication COUNCt~ ACTtC}N: Approved an 1211612003 - Ordinance Na 15801 DATE: Tuesday, December 16, 2003 E.4G NAIVIE: 17S07LPAFA REFERENCE NO.: G-14208 SUBJECT: Adopt Appropriation Ordinance and Accept the Developer bocal Match far the Transportation-hand Use Joint Venture Grant for the South of Seventh Project RECOMMENDAT1flN: !t is recommended that City Council: 1) Accept $10,000 from Sol#1, t_. P. as a portion of the required local match in accordance with the terms of the Economic Development Program Agreement {M&C C-19453 dated February 4, 2003) and the Local Transportation Project Advance Funding Agreement {LPAFA} {M&C C-19455 dated February 4, 2003}; and 2} Accept land valued at a minimum of $795,410 through the dedication of right-of-way for Museum Way, Cielo Greek Drive, and other streets as appropriate, from Sol#1, L.P. as a portion of the required local match in accordance with the terms of the Economic Development Program Agreement {M&G C-19453} and the LPAFA {M&G C-19455); and 3) Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Fund by $4,027,049 from available funds. DISCUSSIt}N: The South of Seventh Project {the Project) has been selected for inclusion in the Transportation-Land Use Joint Venture Program established by the North Central Texas- Council of Governments {NGTCOG}. The goal of this program is to encourage the development of land in a manner that mitigates growing traffic congestion in the region, contributes to the improvement of regional air quality, and addresses long-term transportation funding constraints. Under the program, federal transportation grant funds are provided to Ioca1 public sponsors, such as the City, for qualified transportation-related aspects of approved privately- funded (and development projects. such as the South of Seventh Project. C?n November 5, 2001, the City was notified that the Project had been selected for inclusion in the program. .. , . , ~~ ... ,, _ -, .. ._ , ,,. . .. s._ .. .. .. , i r ~~ ~:,_ ,.,,, -_ _. .-~ .3'-Sj ~.~~ 'I' ~ x'.. ill I 1'~c. _ a;. !-1',,... ~~, _.. ~_I'v~ y ~'~ ~~ r' ~.C.".,~~~ ,. _ , = ~ P t~,. ~ _ . _ _ ~~ ~y aro TxDOT `o~ t ~? SooLn ~` ~eve,~th; 7r r1sN,crtt~t.~ -..a~" IJSC~J:, . ~. V;"'''.,rc Grant ,thc ~,rar`~ N.s a C.JnGIt~Or, or" eXecUting t!~e LPAFr=, t~~~ NCTCOG 'Y'u~± n!ace the pfCJeCt In the Statewide Transporiat~on Improvement Pian (STIP) NCTCOG placed various elements o` the project in the STIP thro~.rgh amendments approved on Agri; 30. July 3C and October q 20C~ 1Nith the app r~-~c:~;a`e T'~~ ~ ~ - - - _ - ,~~ - •~ ~ ~- ~~.,. r, '~~ . - ,_,. ~ r .. $805,414. The local match leverages the federal program grant funds, valuing $3,221,639, to be expended in accordance with the terms of the grant and the Economic Development Program Agreement. TxDt~T wi11 reimburse the Gity far eligible casts far the project under the terms of the grant up ta, but not to exceed, $3,221,639. The development is located in GOUNGii_ D15TRiGT 9. FISCAL INFORMATION/CERTIFICATION: The Finance Directar certifies that upon receipt of the grant contract and adoption of the attached appropriation ordinance, funds will be available in the current operating budget, as appropria#ed, of the Grants Fund. TO FundlAccountlCenters FROM FundlAccounttCenters GR76 451942 017302898000 3 221.639.00 GR76 488339 017302898000 $795,410.00 GR76 4$8385 017302898000 $10,000.00 GR76 5 (VARIOUS} 017302898010 53,231.639.00 GR76 541110 017302898020 5795,410.00 Submitted for City Manager's Office by Reid Rec#or X6266} Originatins~Department Head: Tam Higgins, Directar X6192} Additional Information Contact: Christine Maguire (8187) T' .........._. ,......, ,.. 1 '9 C"" t't ^tT FY A T` A r. n i° ~^t