HomeMy WebLinkAboutOrdinance 14490Ordinance No ~yy~d
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GRANTS FUND IN THE AMOUNT OF $1,000,000 SUBJECT TO THE RECEIl'T OF THE FUNDS
FROM THE ENVIRONMENTAL PROTECTION AGENCY FOR THE PURPOSE OF FUNDING THE
BROWNFIELDS ECONOMIC REDEVELOPMENT PROGRAM, 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 m addition to those amounts allocated to the vanous City departments for the Fiscal Year 2000-01 and in the Budget of
the Crty Manager, there shall also be increased estimated receipts and appropriations in Grants Fund in the amount of
$1,000,000 subject to the receipt of the funds from the Environmental Protection Agency for the purpose of funding the
Brownfields Econormc Redevelopment Program.
SECTION 2.
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 junsdichon, such decision, opinion or judgment shall in no way unpair 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 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repealed.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 and be m full force after the date of its passage, and rt is so ordained.
APPROVED AS TO FORM AND LEGALITY
~~~(~
Assistant City Atto
Date
/ - /6 -o/
Adopted
` ~ 7- (~~
Effective
City of Fort Worth, Texas
~11~A~ar And C,aunc~l Cain~»un~cAt~ian
DATE REFERENCE NUMBER LOG NAME PAGE
1/16/01 **G-13129 52BCRLF 1 of 2
SUBJECT GRANT APPLICATION TO ENVIRONMENTAL PROTECTION AGENCY FOR
FUNDING OF BROWNFIELDS CLEANUP REVOLVING LOAN FUND
RECOMMENDATION
It is recommended that the City Council
Authorize the City Manager to submit an application to the Environmental Protection Agency for the
purpose of funding a Brownfields Cleanup Revolving Loan Fund (BCRLF), and
2. Authorize the City Manager to accept and execute the BCRLF Cooperative Agreement, if awarded,
and
3 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations up to
$1,000,000 in the Grants Fund subject to receipt of the funds.
DISCUSSION
The City's Brownfields Economic Redevelopment Program promotes cleanup and redevelopment of
qualifying brownfields sites through identification and assessment of real or perceived contamination
The program covers all of Fort Worth but focuses on Council Districts 2, 5, and 8 In the first year of the
City's brownfields program, 223 potential candidates for redevelopment were identified More than 70%
of the identified sites are located in the targeted council districts
The BCRLF will take the program to the next level by providing the financial assistance for brownfields
property owners to proceed with the cleanup prior to redevelopment. The funds received under this
grant will be used to capitalize a loan fund through which brownfields property owners can apply for
low/no-interest loans The funds will also be used to offset general administrative costs in managing
the program and fund costs incurred by the lead agency
Upon selection for the BCRLF, the City will contract with a third party with experience in structuring loan
agreements, collateral agreements, loan disbursement, tracking and repayment instruments to act as
fund manager
The Intergovernmental Affairs and Grants Management Division will provide financial oversight.
City of Fort Worth, Texas
~-~A~'a~ And aunc~l airtn~tun;cAt~an
C ~
DATE
1/16/01 REFERENCE NUMBER
**G-13129 LOG NAME
52BCRLF PAGE
2 of 2
suB~ECT GRANT APPLICATION TO ENVIRONMENTAL PROTECTION AGENCY FOR
FUNDING OF BROWNFIELDS CLEANUP REVOLVING LOAN FUND
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations, adoption of the
attached appropriation ordinance, and receipt of the grant, funds will be available in the current
operating budget, as appropriated, of the Grants Fund
CB k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GR76 451314 052214680000 $1,000,000 00
Charles Boswell 8511
GR76
539120
052214680010
$1,000,000 00 /'M"rR~VED
Originating Department Head: ~ iTY CQUNC`L
Brian Boerner 8079 (from) JAN 16 2009
Additional Information Contact: ~~,.~ ~iG~-~~
~ItY se~ry of ih®
Brian Boerner 8079 pity of fort BVorth, ~QSC~
Adopted pr~~n$nce No, l yy9D