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Home My WebLink AboutOrdinance 18670-06-2009Ordinance No 18670 -06 -2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CD REVOLVING LOAN FUND IN THE AMOUNT OF $101 00000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF RETURNING PROCEEDS FROM THE SALE OF PROPERTY TO THE COMMUNITY DEVELOPMENT BLOCK GRANT AS PROGRAM INCOME, 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 2008 -2009 there shall also be increased estimated receipts and appropriations in the CD Revolving Loan Fund in the amount of $101 100 00 from available funds, for the purpose of returning proceeds from sale of property to the Community Development Block Grant as program income 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 No 18283 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 J Assistant City Attorney ADOPTED AND EFFECTIVE. June 16. 2009 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION• Approved on 61 1 "612009 Res No 37406 209, OrdNo 18669 �6� 009 s. DATE Tuesday June 16 2009 LOG NAME 17EVROPROPERTY REFERENCE NO L 14791 SUBJECT Adopt a Resolution Authorizing the Direct Sale of City -Owned Properties Located at 901 909 and 1013 Evans Avenue and 708 and 911 Rosedale Street to the Fort Worth Local Development Corporation for a Total of $101 000 00 and Adopt Appropriation Ordinance Increasing the Estimated Receipts and Appropriations in the Grants Fund for the Community Development Block Grant Program Income of $101 00000 RECOMMENDATION It is recommended that the City Council 1 Authorize the direct sale of City -owned properties located at 901 909 and 1013 Evans Avenue and 708 and 911 Rosedale Street to the Fort Worth Local Development Corporation in accordance with Section 272 001(i) of the Texas Local Government Code for a total sales price of $101 000 00 2. Authorize the City Manager or his designee to execute and record the appropriate instruments conveying the properties to complete the sale 3 Adopt the attached resolution stating the conditions of the sale and the public purpose to be achieved 4 Authorize the acceptance of $101 000 00 in Community Development Block Grant Program Income from the proceeds of the sale 5 Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the CD Revolving Loan Fund by $101 000 00 from available funds 6 Authorize the transfer of $101 000 00 from the Revolving Loan Fund to the Grants Fund and 7 Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the Grants Fund for Community Development Block Grant Program Income of $101 000 00 DISCUSSION The City acquired the below referenced properties with Community Development Block Grant (CDBG) funds provided by the United States Department of Housing and Urban Development for the purpose of economic development (M &C L 12977 and M &C L 13009) The Fort Worth Local Development Corporation (LDC) desires to purchase the properties in order to promote revitalization of the area with commercial and residential development which will benefit citizens by creating jobs and commercial opportunities in a blighted area in need of revitalization Staff recommends selling the properties to the LDC for their fair market value In addition staff will collect Logname' 17EVROPROPERTY Page 1 of 3 an administrative fee of $500 00 for each parcel in addition to the sale price The LDC is responsible for all closing costs on these transactions In accordance with CDBG regulations sales proceeds must be returned to the City in the form of CDBG Program Income Address Legal Description Zoninq Sales Admin price Fee Total MU- $26 000 00 $500 00$26 500 00 1HC MU- $13 000 00 $500 00$13 500 00 1HC MU- $33 000 00 $500 00$33 500 00 1HC NS -T4R $18 000 00 $500 00$18 500 00 MU -1 $11 000 00 $500 00$11 500 00 The properties are located in COUNCIL DISTRICT 8 the Evans and Rosedale NEZ and Mapsco 77K. FISCAL INFORMATION / CERTIFICATION The Financial Management Services Director certifies that the Housing and Economic Development Department, Real Property Services Division is responsible for the collection and deposit of funds due to the City The Financial Management Services Director certifies that upon approval of the above recommendation adoption of the attached appropriation ordinance and receipt of proceeds funds will be available in the current operating budget, as appropriated of the Grants Fund FUND CENTERS TO Fund /Account/Centers GC10 Lots 1 and 2 McAnulty and 901 Evans Avenue Nesbitt Subdivision of Block 2 Evans GR91 South Addition 017206066000 Lot 30 Block 2 McAnulty and 909 Evans Avenue Nesbitt Subdivision of Block 2 Evans 538040 South Addition 1013 Evans Portion of Lot 2 Block 4 Avenue Evans South Addition 708 East Lot 38 Block 5 Rosedale Street Evans South Addition $101,000.00 East 50 feet of Lots 3 and 4 911 East Block 1 Rosedale Street White s Subdivision of Block 6 472591 Evans South Addition MU- $26 000 00 $500 00$26 500 00 1HC MU- $13 000 00 $500 00$13 500 00 1HC MU- $33 000 00 $500 00$33 500 00 1HC NS -T4R $18 000 00 $500 00$18 500 00 MU -1 $11 000 00 $500 00$11 500 00 The properties are located in COUNCIL DISTRICT 8 the Evans and Rosedale NEZ and Mapsco 77K. FISCAL INFORMATION / CERTIFICATION The Financial Management Services Director certifies that the Housing and Economic Development Department, Real Property Services Division is responsible for the collection and deposit of funds due to the City The Financial Management Services Director certifies that upon approval of the above recommendation adoption of the attached appropriation ordinance and receipt of proceeds funds will be available in the current operating budget, as appropriated of the Grants Fund FUND CENTERS TO Fund /Account/Centers GC10 444573 030023001000 $2,500.00 GR91 444180 017206066000 $101,000.00 GR91 538040 017206066010 $101,000.00 GR76 472591 XXX206XXXXXX $101,000.00 GR76 539120 XXX206XXX990 $101,000.00 GR91 538040 017206066010 $101,000.00 GR76 472591 XXX206XXXXXX $101,000.00 CERTIFICATIONS Submitted for City Manager's Office by. Originating Department Head. FROM Fund /Account/Centers Tom Higgins (6192) Jay Chapa (5804) Cynthia Garcia (8187) Logname. 17EVROPROPERTY Page 2 of 3 Additional Information Contact. Avis F Chaisson (6342) Logname. 17EVROPROPERTY Page 3 of 3