HomeMy WebLinkAboutOrdinance 21315-07-2014 Ordinance No. 21315-07-2014
AN ORDINANCE INCREASING THE ESTIMATI1,J) REC,EIP"PI'S AND
APPROPRIATIONS IN THE SPECIALLY FUNDED CAPITAL PROJECTS FUND IN
THE AMOUNT OF $2,833,250.55, FROM AVAILABLE FUNDS FOR THE
PURCHASE OF THE GORDON SWIFT BUILDING AT 900 MONROE S IREF;T
FORT WORTH TEXAS 76102; PROVIDING FOR A SEVIRABILITY CLAUSE;
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCT^,S;
REPEALING ALL ORDINANCES IN CONFLICT HEREWITTT; AND PROVIDING AN
EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY O TOR" WORTI1,
TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2013-2014 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Specially Funded Capital Projects Fund in the amount of $2,833,250.55, from available funds for the
purchase of the Gordon Swift Building at 900 Monroe Street, Fort Worth Texas 76102.
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, opiliiorl 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. 20952-09-2013 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of said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
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ADOPTED AND EFFECTIVE: July 15, 2014
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Mayor and Council Communication
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COUNCIL ACTION: Approved on 7/15/2014 - Ordinance Nos. 21314-07-20141 & 21315-07-
2014
DATE: Tuesday„ July 15, 2014 REFERENCE NO.: L-15702
LOG NAME: 17900MONROEPURCHAS
SUBJECT:
Authorize Acquisition of(Property Located at 900 Monroe Street from onroe Street Professional Building,
Ltd., in the Amount of$3,000,000.00, plus an Amount Not to Exceed $70,000.00 for Closing Costs and
Other Expenses Associated with Acquisition of the Property, and $453,000.00 for Renovation and I
Infrastructure to Prepare the Building for Occupancy and Adopt Appropriation Ordinances (COUNCIL
DISTRICT )
RECOMMENDATION:
It is recommended that the City Council;
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Assessments Fund in the amount of 1,099,715.24 from available funds;
2. Authorize a transfer in amount of 1,695,633.9 from Special Assessments Fund to the
Specially Funded Capital Projects Fun
. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Specially Funded Capital Projects Fund in the amount of$2,333,250.55 from available funds;
4. Authorize the purchase of the property located at 900 Monroe Street (Gordon Swift Building) in the
amount of$3,000,000.00, plus an amount not to exceed $70,000.00 for closing costs and other expenses
associated with acquisition of the property, and renovations/IT infrastructure in the amount up to
$453,000.00;
5. Authorize the acceptance of all leases and authorize the City Manager or his designee to execute all
appropriate instruments to complete the ac Uisition and lease assignments.
DISCUSSION:
The property located at 900 Monroe Street, which is across Monroe Street from City Hall and is adjacent
to the City Hall Annex, was recently offered for sale. In order to centralize City operations to provide more
effective and efficient City services to both internal and external customers„ City Staff recommends
purchasing the property for$3,000,000.00, plus an amount for closing costs and other expenses
associated with acquisition of property. Currently, various City departments lease offices in the
building, as well as several existing leases with outside third parties.
Additionally, Staff recommends the appropriation of$453,000.00 to provide needed repairs, remodeling
and updates to the building and install the necessary IT infrastructure for City use.
Lognai c: 1790()M0NR0EP[R(.'1 ASF ag t of"2
Purchasing this property would allow the City to move City operations in other leased property to
Monroe Street once those outside existing leases expire„ creating additional efficiencies. More information
about the property is shown below:
............................. . . __........ . . ......... ........... ..._ . ... ..._........._. _._._.._._... .........._
Closing Costs and Other Costs for Renovation/IT
Grantor Legal Purchase Expenses Associated Infrastructure
Description Price with Property
Acquisition
._.__ . ....__._ _._.. .___.__._ __.......... _.. _..... . ............ . _.,. __.......__ ....... ......__,........_ ..... ...
Monroe ............. 453, .... _....__. .__ __.
onroe Lot 1„ dock 000.00
Street
Professional 2, $3,000,000.00 Not To Exceed $70„000.00
Building„ Hirschfield .
Ltd. Addition
The property is located in COUNCIL DISTRICT 9, Mlapsco 77A.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon the approval of the above
recommendations and adoption of the attached appropriation ordinances, funds will be available in the
Specially Funded Capital Projects Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
11 GS94 488032 013940099050 1 099.715.,24 21 GS94 538070 013940099050 $1.3764935.03
1.1 GS94 538070 013940099050 1.099 715.24 3) OaS94 538070 020940232120 X318,748.92
2 and 31 0291 472094 171070234441 $1.695.083.95 41 0291 541250 171070234441 x,3.070,000.00
310291 488322 174770080640 1 0074663.22 4LC„291 541200 201070234480 X270,000.00
l 0291 441012 1'74770080640 120 553.96 4} 0291 522030 201070234480 I60,000.00
310291 441012 1'74770080674 9 349.42 4J_0291 511080 201070234480 X5,000.00
3101291 541250 171070234441 X1,691683.95 410x291 522030 201070234480 142,000.00
3) 0291 541100 174770080640 1,137566.60 41 0291 539130 201070234480 176.000.00
CERTIFICATIONS:
Submitted for City Manager's Office bv: Fernando Costa (6122)
Oriciinatinq Department Head: Jay Chapa (6604)
Cynthia Garcia (6167)
Additional Information Contact: Bette Chapman (6125)
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