HomeMy WebLinkAboutOrdinance 15863K
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Ordinance No /
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE GRANTS FUND IN THE AMOUNT OF $94 400 00 SUBJECT TO RECEIPT OF THE
GRANT FROM THE FORT WORTH LOCAL DEVELOPMENT CORPORATION FOR THE
PURPOSE OF FUNDING COMPUTER CABLING TELEPHONE WIRING AND START
UP OPERATIONS OF TECHFORT WORTH; 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 2003 -2004 and
in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Grants Fund in the amount of $94 400 00 subject to receipt of the grant from the Fort Worth Local
Development Corporation, for the purpose of funding computer cabling, telephone wiring and start-up
operations of TECHFort Worth
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 15636 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ordinances and appropriations are hereby expressly repealed.
This ordinance shall take effect upon adoption
APPROVED AS TO FORM AND LEGALITY
Assistant City Attor
ADOPTED AND EFFECTIVE. h�
SECTION 4
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 2/10/2004 Ordinance No 15863
DATE Tuesday February 10 2004
LOG NAME 17GUINN GYM LDC REFERENCE NO *G -14252
SUBJECT
Appropriation Ordinance and Acceptance of Grant from Fort Worth Local Development Corporation
for Computer Cabling Telephone Wiring and Operations of TECHFort Worth
RECOMMENDATION
It is recommended that the City Council
1 Authorize the City Manager to accept a grant in the amount of $94 400 from the Fort Worth Local
Development Corporation (LDC) for computer cabling telephone wiring and start-up operations of
TECHFort Worth and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Grants Fund by $94 400 from available funds
DISCUSSION
On January 11 2000 (M &C G- 12785) the City accepted a $1.2 million grant from the U S Department of
Housing and Urban Development (HUD) for the purpose of restoring the former gym and workshop area on
the historic James E. Guinn School campus to house TECHFort Worth. TECHFort Worth is a technology
business incubator providing industry- specific business assistance to high technology start-up companies in
three sectors medical aerospace and information technologies TECHFort Worth is a City initiative to
achieve the strategic goal of diversifying the economic base and creating job opportunities. The grant from
the LDC will allow completion of the renovation project and provide funds for start-up operations of the
incubator Construction is scheduled to be complete on or about February 23 2004 Approximately 45% of
the available space in the facility has been committed to be leased by companies in the TECHFort Worth
incubator program immediately upon completion
FISCAL INFORMATION /CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations receipt of the grant, and
adoption of the attached appropriation ordinance funds will be available in the current operating budget, as
appropriated of the Grants Fund
TO Fund /Account/Centers FROM Fund /Account/Centers
2)GR76 472106 020440917000 $94,400.00 1)R106 538070 013106003000 $94,400.00
2)GR76 5VARIOUS 020440917010 $94.400.00
Submitted for City Manager's Office by: Reid Rector (6140)
Originating Department Head Tom Higgins (6192)
Additional Information Contact: Dorothy Wing (2665)
Logname 17GUINN GYM LDC Part. _P11