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HomeMy WebLinkAboutOrdinance 14411lNY/l AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIALLY FUNDED CAPITAL PROJECTS FUND IN THE AMOUNT OF $620,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING THE PURCHASE OF APPROXIMATELY 33 ACRES IN THE NORTH FORT WORTH TOWNSITE COMPANYS SUBDIVISION, THE UNION LAND COMPANY INDUSTRIAL ADDITION, THE M. BAUGH SURVEY AND THE ADOLPHE GOUNAH SURVEY, 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 2000-01 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropnations in the Specially Funded Capital Projects Fund in the amount of $620,000 from available funds for the purpose of funding the purchase of approxunately 33 acres m the North Fort Worth Townsite Companys Subdivision, the Union Land Company Industnal Addition, the M. Baugh Survey, and the Adolphe Gounah Survey 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 jurisdiction, such decision, opuuon 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 appropnations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropnahons, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 it is so ordained. APPROVED AS TO FORM AND LEGALITY ~C ssis City Attorney Lv ~~1 ~~ ~ J Dat~- Adopted Effective City of Fort Worth, Texas M,,Ayoe and Council Comn~unicAtion vATE REFERENCE NUMBER LOG NAME PAGE 11/14/00 G-13075 020PTION 1 of 2 SUBJECT AUTHORIZATION OF ASSIGNMENT OF OPTION AND PURCHASE OF 33 ACRES, MORE OR LESS, SITUATED IN THE NORTH FORT WORTH TOWNSITE COMPANYS SUBDIVISION, THE UNION LAND COMPANY INDUSTRIAL ADDITION, THE INDUSTRIAL ADDITION AND PORTIONS OF THE FELIX G MULIKINS SURVEY, THE M BAUGH SURVEY AND THE ADOLPHE GOUNAH SURVEY RECOMMENDATION It is recommended that the City Council 1 Adopt the attached supplemental appropriation ordinance increasing the appropriations and estimated receipts in the General Fund by $620,000 00 from available funds, and 2. Transfer $620,000 00 from the General Fund/Non-Departmental to the Specially Funded Capital Projects Fund, and 3 Adopt the attached appropriation ordinance increasing the appropriations and estimated receipts in the Specially Funded Capital Projects Fund by $620,000 00; and 4 Approve the assignment of an option to purchase 33 acres, more or less, in the North Fort Worth Townsite Companys Subdivision, the Union Land Company Industria{ Addition, the Industrial Addition and portions of the Felix G Mulikins Survey, the M Baugh Survey and the Adolphe Gounah Survey; and 5 Authorize the City Manager to execute all necessary documents to purchase approximately 33 acres in the North Fort Worth Townsite Companys Subdivision, the Union Land Company Industrial Addition, the Industrial Addition and portions of the Felix G Mulikins Survey, the M Baugh Survey and the Adolphe Gounah Survey from Cytec Industries, Inc. for $620,000 00 DISCUSSION City staff recommends that the City Council authorize the purchase of approximately 33 acres in the North Fort Worth Townsite Companys .Subdivision, the Union Land Company Industrial Addition, the Industrial Addition and portions of the Felix G Mulikins Survey, the M Baugh Survey and the Adolphe Gounah Survey for economic development. :. City of Fort Worth, Texas n-~a~ar and Council C,antmun~cat~an DATE REFERENCE NUMBER LOG NAME PAGE 11/14/00 G-13075 020PTION 2 of 2 SUBJECT AUTHORIZATION OF ASSIGNMENT OF OPTION AND PURCHASE OF 33 ACRES, MORE OR LESS, SITUATED IN THE NORTH FORT WORTH TOWNSITE COMPANYS SUBDIVISION, THE UN10N LAND COMPANY INDUSTRIAL ADDITION, THE INDUSTRIAL ADDITION AND PORTIONS OF THE FELIX G MULIKINS SURVEY, THE M BAUGH SURVEY AND THE ADOLPHE GOUNAH SURVEY F{SCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon adoption of the attached appropriation ordinances, funds will be available in the current capital budget, as appropriated, of the Specially Funded Capital Projects Fund MG:k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) ,'~~~~0~~~~ 1) GG01 481306 0905500 $620,000.00 ~~ ~~ e"~~~~~i~v'~ Mike Groomer 6140 1) GG01 538070 0905500 $620,000.00 4 i, jlt Originating Department Head: 3) GC35 541100 002012001000 $620,000.00 N~V ~~ 2&3) GC35 472001 002012001000 $620,000.00 20114 Mike Groomer 6140 (from) /~'_ ~ ~ 2) GG01 538070 0905500 $620,000.00 `° ~~'' '~"~ Additional Information Contact: 5) GC35 541000 002012001000 $620,000.00 Oity "~setA.ty od. ~'~¢ Cityo2kaz5l?% ~ f~ c•; ,, s~t::• 4` David Yett 7606 ~ Adopted Qrc#~rian i~~p•,~'~'~~ Adopted Ord~nanc~ ~~. 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