HomeMy WebLinkAboutOrdinance 16819-02-2006Ordinance No 16819-02 2006
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $5 000
FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING CENTRAL
CITY REDEVELOPMENT ACTIVITIES OF THE ECONOMIC AND COMMUNITY
DEVELOPMENT DEPARTMENT 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 2005-
2006 in the Budget of the City Manager there shall also be increased estimated receipts and
appropriations in the General Fund in the amount of $5 000 from available funds, for the purpose
of funding Central City redevelopment activities of the Economic and Community Development
Department.
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 16582 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repealed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
Assistant City Attorn
ADOPTED AND EFFECTIVE. February 21, 2006
G---l5DcY~
City of Forf Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 2/21/2006 Ordinance No 16819-02 2006
DATE Tuesday February 21 2006
LOG NAME 171NTERNAPPROP REFERENCE NO '~G-15088
SUBJECT
Authorize the Use of Forfeited Tax Abatement Application Fee for Central City Redevelopment
Staffing Purposes and Adopt the Related Appropriations Ordinance
RECOMMENDATION
It is recommended that the City Council:
1 Authorize the use of forfeited tax abatement application fees to support Central City redevelopment
activities of the Economic and Community Development Department;
2. Recognize $5 000 of the forfeited $15 000 tax abatement application fee from the Salubris Limited
Partners tax abatement application escrow account as revenue and
3 Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations by $5 000 in the General Fund from available funds
DISCUSSION
On September 30 2003 (M&C C-14102) City Council authorized the City Manager to execute a Tax
Abatement Agreement (Agreement) with Salubris Limited Partners (Salubris) As required by the City's Tax
Abatement Policy Salubris paid in advance a $15 000 application fee that has been held in escrow to be
applied toward any City required fees paid by the applicant directly in connection with the project.
Salubris notified the City following the October 1 2004 dead{ine that it was not pursuing the project.
Therefore, in accordance with Section 9.2 of the 2004 City's General Tax Abatement Policy (M&C G-
14362) the $15 000 application fee is no longer subject to refund The attached Appropriation Ordinance
will enable the Economic and Community Development Department to use a portion of the escrowed funds
to hire apart-time intern to provide assistance in initiatives that promote investment in the Central City
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached supplemental appropriation ordinance
funds will be available in the current operating budget, as appropriated of the General Fund
TO Fund/AccountlCenters
3) GG01 481501 0172000
3.) GG01 532130 0172000
FROM Fund/Account/Centers
5 000.00 ~ GG01 240178 0000000 5 000.00
1 000.00
Logname• 17INTERNAPPROP Page 1 of 2
2.) GG01 481501 0172000 5 000.00
3.) GG01 511010 0172000 1 000.00
Submitted for City Manager's Office by• Dale Fisseler (6266)
Originating Department Head Tom Higgins (6192)
Additional Information Contact: Christine Maguire (8187)
Logname 17INTERNAPPROP Page 2 of 2