HomeMy WebLinkAboutOrdinance 17173-09-2006Ordinance No 17173-09-2006
AN ORDINANCE INCREASING ESTIMATEb RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $23,700.50 AS DONATIONS ARE
RECEIVED FOR THE PURPOSE OF FUNDING THE CITY HOUSING DEPARTMENT'S
COMPREHENSIVE HOUSING COUNSELING PROGRAM; PROVIDING FOR A
SEVERABILITY CLAUSE, 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 and
in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in the amount of $23,700.50 as donations are received, for the purpose of funding the
City Housing Department's Comprehensive Housing Counseling Program.
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 ail 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ordinances and appropriations are hereby expressly repealed.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
~~'~~- S
Assistant City Attorney
ADOPTED AND EFFECTIVE. September 26, 2006
Housing Counseling Program
Details of Receipts Amount
Alamo Title Co $500 00
Alice Madrid Karnstedt $400 00
Bank of America $550 00
Centruy 21 Lake Country Realty $600 00
Colonial Savings $500 00
Cynthia Madison $850 00
Daniel Campa $100 00
DHI Mortgage Co Ltd $300 00
Drimslo Mortgage Corporation $200 00
Edward M Whalen II $100 00
FinHogar Mortgage Inc $600 00
First Preston Management, Inc $600 00
Gilbert Orozco $250 00
Homesafe $250 00
HUD $2,925 00
Intrust Mortgage, Inc $100 00
Judith O Smith Mortgage Group Inc $550 00
KB Home $1 000 00
Legacy Financial Group Inc $300 00
Morgan F O'Neal $300 00
Corp $100 00
Northwood Mortgage $3 100 00
N E.Tarrant County Board of Realtors $315 00
Opportunity Mortgage LTD $250 00
Pueblo Real Estate Services $3,200 00
Puente Mortgages Unlimited $500 00
Regent Mortagage LTD $250 00
Residential Home Mg. $250 00
Southtrust Mortgage Corp $300 00
Texas Bank $100 00
W R. Starkey Mortgage, LLP $1 825 00
Wells Fargo Bank $2,150 00
Cost reimbursements for Maps $385 50
Total $23,700.50
Gity of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 9/26/2006 Ordinance No 17173-09-2006
DATE Tuesday September 26 2006
LOG NAME 05CHCP
REFERENCE NO *G-15406
SUBJECT
Authorize the Receipt of Donations to the Comprehensive Housing Counseling Program and Adopt
Appropriation Ordinance
RECOMMENDATION
It is recommended that the City Council
1 Authorize the City Manager to seek and receive private donations and/or reimbursement of costs for
services from lenders and other private sources for the City of Fort Worths (City) Comprehensive Housing
Counseling (CHC) Program
2. Accept donations totaling $23 700 50 to the CHC Program from the donors on the attached list; and
3 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund for the CHC Program by $23 700 50 from available funds.
DISCUSSION
Since 1994 the City's Housing Department has been conducting home ownership training and housing
counseling for first time homebuyers as part of its home ownership program Since December 1997 the
Housing Department has been certified by the U S Department of Housing and Urban Development (HUD)
as a Housing Counseling Agency Last year 1,284 clients were recipients of housing counseling services or
homeownership training The CHC Program currently performs the following
Homeownership Training
One-on-One Homeownership Counseling
Delinquency and Foreclosure Prevention Counseling
Credit and Budget Counseling
Reverse Mortgage and Refinance Counseling
Activities to Prevent Predatory Lending
In order to defray the cost of the CHC Program the Housing Department accepts additional funds through
donations or cost reimbursement from private lenders title companies, real estate agencies and other
organizations interested in promoting homeownership
The CHC Program is available in all COUNCIL DISTRICTS
This M&C is required because the gift/donation/contribution threshold established for this Department/Fund
in Section 22 ordinance 16582-09-2005 has been exceeded
Logname OSCHCP Page 1 of 2
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance funds will be available in the current operating budget, as appropriated in
the Special Trust Fund
TO Fund/Account/Centers FROM Fund/AccountlCenters
FE72 539120 005539000000 $23,700.50
FE72 488100 005539000000 $23,700.50
Submitted for City Manager's Office by. Dale Fisseler (6140)
Originating Department Head. Jerome Walker (7537)
Additional Information Contact: Benedict George (7339)
Logname OSCHCP Page 2 of 2