HomeMy WebLinkAboutOrdinance 14551,`,
Ordinance No
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GRANTS FUND IN THE AMOUNT OF $1,000,000 SUBJECT TO THE RECEIPT OF THE GRANT
FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION FOR THE PURPOSE OF FUNDING
INFRASTRUCTURE IN THE MONTGOMERY PARK BUSINESS CENTER, MAKING THIS
ORDINANCE CUMLJI.ATIVE 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 2000-01 and in the. Budget of
the City Manager, there shall also be mcreased estimated receipts in the Grants Fund in the amount of $1,000,000 subject to the
receipt of the grant from the Econormc Development Administration for the purpose of funding infrastructure in the
Montgomery Business Center
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 14286 and all other ordinances and appropriations amending the
same except m those instances where the provisions of this ordmance 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repealed.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 and be m full force after the date of its passage, and rt is so ordained.
AP/PROVED(A~S TO FORM AND LEGALITY
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Date
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Adopted
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City of Fort Worth, Texas
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DATE
3/20/01
ECT
REFERENCE NUMBER LOG NAME
G-13180
13GRANTS
PAG E
1 of 2
APPLICATION FOR AN ECONOMIC DEVELOPMENT ADMINISTRATION SPECIAL
PROJECTS GRANT FOR THE MONTGOMERY PARK BUSINESS CENTER
RECOMMENDATION
It is recommended that the City Council
Authorize the City Manager to apply for and accept, if awarded, a grant in the amount of $1,000,000
from the Economic Development Administration (EDA) for the purpose of improving street
infrastructure in the Montgomery Park Business Center; and
2. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in
the Grants Fund by $1,000,000
DISCUSSION
On March 28, 2000, a tornado struck the Linwood neighborhood/Montgomery Ward area, the West 7th
Street corridor, and Fort Worth's central businesses, as well as other areas in Tarrant County, resulting
in property losses of over $400 million
On April 7, 2000, President Clinton declared tornado stricken Tarrant County a federal disaster area
The Montgomery Park Business Center (site of the Montgomery Ward building) and many other
buildings in that area were badly damaged by the tornado
In order to make this site more attractive for redevelopment, an application to the EDA is proposed. for
submission in order to access federal funds allocated by Congress for the purpose of addressing needs
in federally declared disaster areas. This is a competitive process If the City's application is selected,
EDA funds will be used to improve street infrastructure along West 7th Street, primarily from the Trinity
River west to Carroll Street, and along Carroll Street and Harold Street to improve access to the site
These improvements will aid in attracting a core tenant to this area, which will further the development
of ancillary businesses
After approval of this Mayor and Council Communication, it is the intent of City staff to submit an
application for a grant from the EDA in the amount of $1,000,000 The award date for this grant is as
yet undetermined
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City of Fort Worth, Texas
~11~A~ar And eaun~i( c~~n~rtun~cAt~ian
DATE
3/20/01 REFERENCE NUMBER
G-13180 LOG NAME
13GRANTS PAGE
2 of 2
SUBJECT APPLICATION FOR AN ECONOMIC DEVELOPMENT ADMINISTRATION SPECIAL
PROJECTS GRANT FOR THE MONTGOMERY PARK BUSINESS CENTER
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon award and acceptance of the grant, 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 Grants Fund
RG k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
3) GR76
451266
013212696000
$1,000,000 00 APPROVED
Ramon Guajardo 6140 2) GR76 Various 013212696010 $1,000,000.00 CIT Y COUNCIL
Originating Department Head:
MAR 20 2001
Joe Paniagua 6168 (from)
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Additional Information Contact: City Secretary of the
City of fort Worth, Texas
Pat Hale 8349
Adopted i~rd~riai~~z 1~~, ~~/
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