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HomeMy WebLinkAboutOrdinance 14869T Ordinance No. 1 ~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE ENVIIZONMENTAL MANAGEMENT PROJECT FUND IN THE AMOUNT OF $26,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING GROUND WATER SAMPLING COSTS AT 600 NORTH JONES, 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 estimated receipts and appropriations in the Environmental Management Project Fund in the amount of $26,000 from available funds for the purpose of funding ground water sampling costs for 600 North Jones. 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. 14745 and all other ordinances and appropriations amending the ame 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. TO FORM AND LEGALITY Assistant ADOPTED AND EFFECTIVE. ~~'~~' O~ City of Fort Worth, Texas ~11~A~ar And ~,auncil ~amnrtun~cAt~an ~rE REFERENCE NUMBER LOG NAME PAGE 11/27/01 L-13199 12LAGRAVE 1 of 2 SUBJECT AUTHORIZE PAYMENT OF ADDITIONAL FEES AND CLOSING COSTS FOR THE PURCHASE OF PROPERTY LOCATED AT 600 NORTH JONES FOR THE DEVELOPMENT OF LA GRAVE FIELD RECOMMENDATION It is recommended that the City Council 1 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Environmental Management Project Fund by $26,000 00, and 2 Approve the transfer of $26,000 00 from undesignated funds in the Environmental Management Operating Fund to the La Grave Field project in the Environmental Management Project Fund, and 3 Authorize payment in the amount of $26,000 00 to Cytec Industries, Inc. for groundwater sampling and testing and closing costs necessary to purchase the property at 600 North Jones for the development of La Grave Field DISCUSSION November 14, 2000 (M&C G-13075), the City Council approved the assignment and purchase of pproximately 33 acres from Cytec Industries, Inc. (Cytec) for the development of La Grave Field The agreement provided that if the City required any groundwater sampling to be performed on the property as part of the City's due diligence, the City would reimburse Cytec for all costs associated with the groundwater sampling and testing.. Groundwater sampling and testing was requested, and Cytec has submitted their cost and reports to the City The cost for groundwater sampling and testing is $25,653.28 In order to complete the purchase of the property, the City is responsible for payment of the costs of the groundwater sampling and testing, and its share of the closing costs From information furnished by the title company, staff anticipates that the closing costs will be approximately $350 00 Therefore, staff recommends that the City Council authorize payment in the amount of $26,000 00 to Cytec so that the City can purchase the property from them City of Fort Worth, Texas ~11~A~ar And Caunc~l C,an~n~tun~cAt~ian DATE 11/27/01 REFERENCE NUMBER L-13199 LOG NAME 12LAGRAVE PAGE 2 of 2 SUBJECT AUTHORIZE PAYMENT OF ADDITIONAL FEES AND CLOSING COSTS FOR THE PURCHASE OF PROPERTY LOCATED AT 600 NORTH JONES FOR THE DEVELOPMENT OF LA GRAVE FIELD FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon approval of the above recommendations, funds will be available in the current operating budget, as appropriated, of the Environmental Management Project Fund CB k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) 1 &2) R101 494100 052200201000 $26,000.00 ~ap~®~~® Charles Boswell 8511 1)R101 539120 052200201000 $26,000.00 CIT Y ~/~~~/~ Originating bepartment Head: 6 1 '~ I <1' w IVO~ ~7 2~1 DavidYett 7606 (from) GG01 539120 0905500 $ 350.00 r ~ ~ Additional Information Contact: 3) R101 539120 052200201000 $26,000.00 `` ~ `""~~ 2) R103 538070 0521100 $26,000.00 C'h' &scratarp of tom. Cite of For: earth 'E`r David Yett 7606 , x+gg J J 1 ~+~;:G~~.lt~k~ ~t x i3~f3~~~3 ~~~ ~.~:..