HomeMy WebLinkAboutOrdinance 16525-07-2005Ordinance No r~~ot,~-~7"~ ~~~
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN AN AMOUNT UP TO $12,200 AS DONATIONS ARE
RECEIVED FOR THE PURPOSE OF FUNDING THE 2005 HOUSING INDUSTRY
SUMMIT 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 iin addition to those amounts allocated to the various City departments for Fiscal Year 2004-2005 in the
Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in an amount up to $12,200 as donations are received, for the purpose of funding the
2005': Housing Industry Summit.
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 16061 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ordinances and appropriations are hereby expressly repealed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
APP ~' OVED AS TO FO AND LEGALITY
~~ ~ ~ ~~
Assistant City Attorney
ADOPTED AND EFFECTIVE. ,~ U ~ ~I ~, ~0~
City of Fort Worth, Texas
Mayor and Council Communication
n~~
COUNCIL ACTION Approved on 7/26/2005 Ordinance No 16525-07 2005
DATE Tuesday July 26 2005
LOG NAME 05SUMMIT2 REFERENCE NO G-14876
SUBJECT
Authorize the Acceptance of Donations and Adopt the Appropriation Ordinance for Housing Summit
Contributions
~A~ ~~
RECOMMENDATION
It is recommended that the City Council
1 Accept donations estimated to total $ 12,200 00 for the Housing Industry Summit on June 9 2005 and
2. Adopt the attached appropriations ordinance increasing estimated receipts and appropriations by
$12 200 00 in the Special Trust Fund for the Housing Industry Summit from available funds
DISCUSSION
On June 10 2004 a Steering Committee composed of the City of Fort Worth's (CFW) Housing
Department, the U S Department of Housing and Urban Development (HUD) Fannie Mae the Fort Worth
Housing Authority (FWHA) and the CFW's Community Relations Department hosted the 1st Annual
Homeownership Summit. Approximately 250 real estate professionals, lenders and industry specialists
were in attendance The first conference was received very favorably by the participants, many of whom
suggested that it be made an annual event. The organizers agreed renaming the conference the Housing
Industry Summit. The 2005 Housing Industry Summit: Housing in the Most Liveable City was held on June
9 2005 at the Deborah Beggs Moncrief Botanic Garden featuring presentations on housing trends
innovative partnerships and incentives to developers and builders. Donations have been pledged or
received as follows.
Donor Amount
Wachovia Bank $3 600 00
HUD $1 600 00
Southwest Alliance $1 500 00
W R,Starkey $1 000 00
FWHA $500 00
Colonial Savings $500 00
Alamo Title $250 00
Allied Home Mtg $250 00
Bank of America $250 00
Bank One $250.00
Colonial National Mtg $250 00
Compass Bank $250 00
Finhogar Mtg $250 00
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Judith O Smith Mtg Group $250 00
KB !Homes $250 00
Legacy Financial $250 00
Southwest Securities $250 00
TDHCA $250 00
WAiMU $250 00'
Wells Fargo 250:00
Total $12,200 00
These contributions will be used. to defray the cost associated with the Housing Industry Summit or other
expenditures shown in the budget below as approved by the Steering Committee on 4/14/05
The balance will be used for next year's summit and other events as may be approved by the Steering
Committee
Facility Rental
Breakfast
Lunch
Conference Materials & Reception
Advertising
Total
$1 600 00
$1 700 00
$1 800 00
$1 000 00
500.00
$6 600 00
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 operation budget as .appropriated of
Special Trust Fund The Housing Department is responsible for the collection and deposit to the Special
Trust -Fund of all donations received for this program
TO Fund/Account/Centers FROM Fund/Account/Centers
FE72 539120 005542000000 $12,200.00
FE72 488100 005542000000 $12.200.00
Submitted for City Manager's Office by' Dale Fisseler (6140)
Originating Department Head Jerome Walker (7537)
Additional Information Contact: Theresa Thomas (7326)
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