HomeMy WebLinkAboutOrdinance 14801Ordinance Ne / ~ U "
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GRANTS FUND IN THE AMOUNT OF $50,000 FROM AVAILABLE FUNDS FOR THE PURPOSE
OF FUNDING A CONTRACT WITH GREEN BRIDGE DEVELOPMENT CORPORATION FOR THE
PRE-DEVELOPMENT OF A NEW TEXAS WESLEYAN STUDENT HOUSING FACILITY, MAKING
THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL 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 the Fiscal Year 2001-02 and in the Budget of
the City Manager, there shall also be increased estunated receipts and appropriations in the Grants Fund in the amount of
$50,000 from available funds for the purpose of funding a contract with Green Bridge Development Corporation for the pre-
development of a new Texas Wesleyan Student Housing Facility
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 m no way impair the remaining portions,
sections, or parts of sections of this ordmance, which said remaining provisions shall be and remaui in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No. 14745 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
appropnations, 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repealed.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
Assis City Attorney
ADOPTED AND EFFECTIVE. ~~ ~,~~ ~~
City of Fort Worth, Texas
~11~A~ar And Caunc~( a~»n~un~cAt~ian
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DATE REFERENCE NUMBER LOG NAME PAGE
10/2/01 C-18765 05GREEN 1 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND EXECUTION OF A CONTRACT
WITH GREEN BRIDGE DEVELOPMENT CORPORATION FOR THE PRE-
DEVELOPMENT OF A NEW TEXAS WESLEYAN UNIVERSITY STUDENT HOUSING
FACILITY
RECOMMENDATION
It is recommended that the City Council
1 Approve the attached appropriation ordinance increasing estimated receipts and appropriations by
$50,000 in the Rental Rehabilitation Program Fund; and
2. Authorize the City Manager to execute a contract with Green Bridge Development Corporation for
pre-development costs for new Texas Wesleyan University Student Housing, not to exceed a total
of $50,000 from the Rental Rehab Program Income Fund, and
3 Authorize the contract performance period on the contract to begin on the date of execution and
expire twelve months thereafter; and
4 Authorize the extension or renewal of the contract for up to one year, if Green Bridge Deveiopment
Corporation requests an extension, and
5 Authorize the City Manager to amend the contract, if necessary, to achieve project goals provided
that the amendment is within the scope of the project and in compliance with applicable laws and
regulations.
DISCUSSION
A proposal was received from Green Bridge Development Corporation (Green Bridge), working with
Texas Wesleyan University (Wesleyan), for funding in the amount of $50,000 for pre-development costs
relating to construction of new student housing The proposed student housing is part of the
implementation of Wesleyan's Master Plan, which involves physical and curricular improvements
Wesleyan and Green Bridge are among the City's partners in developing and implementing the
redevelopment plans of both the Polytechnic Heights/Wesleyan corridor on Rosedale Street (one of the
five priority areas currently being studied for development as urban villages) and the Polytechnic
Heights Educational Corridor (PHEC)
The City has recently completed street and sidewalk reconstruction, water and sewer replacements,
and installation of traffic control and street lights on two streets in the PHEC neighborhood The rest of
the area will be completed next year
Other activities in the PHEC include campus development by Wesleyan, expansion of the athletic fields,
other physical improvements in Polytechnic High School and William James Middle School by the Fort
Worth Independent School District, new infill homes by Colonial Savings, and homebuyer
assistance/home improvement by the Housing Department.
City of Fort Worth, Texas
~11~Aya~ And aunc~l amn~un~cAt~ian
C C
DATE REFERENCE NUMBER LOG NAME PAGE
10/2/01 C-18765 05GREEN 2 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND EXECUTION OF A CONTRACT
WITH GREEN BRIDGE DEVELOPMENT CORPORATION FOR THE PRE-
DEVELOPMENT OF A NEW TEXAS WESLEYAN UNIVERSITY STUDENT HOUSING
FACILITY
The PHEC residents formed the EI Poly Neighborhood Association The Poly Partners, Polytechnic
Empowerment Association, Neighborhood Housing Services and other organizations have sponsored
several events. These include housing fairs, health fairs, and ethnic celebrations.
The addition of new student housing will directly contribute to the revitalization of the area economically
and aesthetically
On September 11, 2001, the above proposal was endorsed by the Safety and Community Development
Committee for City Council approval
This project is located in COUNCIL DISTRICT 8
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, of the Rental Rehabilitation Program Fund
JP k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to) ~.
1) GR92 441112 005206078000 $50,000-.00
Joe Paniagua 6140
2) GR92
441112
00
2 APPROVED
5
06078000 $50,000.00 -
-
Originating Department Head:
2) GR92
539120
005206078020
$50,000.00 C1
I
Y COUNCIL
Jerome Walker 7537 (from) QCT 2 200
3) GR92 539120 005206078020 $50,000.00
Additional Information Contact: ~~)
lX"ra,~.t~
Jerome Walker 7537 C'ty of Fort Woi itt'1'exas
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