HomeMy WebLinkAboutOrdinance 14226Ordinance No.
AN ORDINANCE APPROPRIATING $373,675 TO THE AIlZPORTS FUND AND
DECREASING THE UNRESERVED RETAINED EARNINGS OF THE AIRPORTS FUND
BALANCE BY THE SAME AMOUNT FOR PURPOSE OF REPAYMENT TO THE GENERAL
FUND FOR PRIOR YEAR ADVANCES, PROVIDING FOR A SEVERABILITY CLAUSE,
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 1999-00 and in the
Budget of the City Manager, there shall also be increased appropriation in the Airports Fund in the amount of
$373,675, thereby decreasing the unreserved, retained earnings of the Airports Fund balance by the same amount for
the purpose of repayment to the General Fund for prior year advances.
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. 13886 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are hereby expressly repealed.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 in full force and effect and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorne
6 -13-d'D
Date
6 -'2D-v®
Adopted
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Effective
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Exhibit A
Legal Description for Reinvestment Zone Number 36
REMAINING "H" ZONING CLASSIFICATION
BEING a 4 560 acre tract of land in the R., Briggs Survey, Abstract No 116
situated in the City of Fort Worth, Tarrant County, Texas and being a portion of
Block 1 of the NBC Warehouse Site (Corrected Plat), an addition to the City of
Fort Worth as recorded in Volume 388-136, Page 32 of the Plat records of
Tarrant County, Texas and being more particularly described as follow.
COMMENCING at a 1/2" iron pin found at the southwest corner of said Block 1,
NBC Warehouse Site, said point being on the northern right-of--way line of State
Highway Spur No 280 (right-of-way varies) and the east line of the Santa Fe
Railroad, THENCE N62°05'09"E along the northern right-of-way line of said State
highway Spur No 280, 229 13 feet to the POINT OF BEGINNING,
THENCE N29°50'53"W, 188 21 feet to a 5/8" iron pin found,
THENCE N60 °10'41"E, 2 17 feet to a 5/8" iron pin found,
THENCE N29°29'21"E, 2 57 feet to an "x" found cut in concrete,
THENCE N60°30'39"E, 814 74 feet to a 5/8" iron pin found,
THENCE N29°56'16"W, 7 51 feet to a "x" found cut in concrete,
THENCE N60°09'07"E, 233 63 feet to a 5/8" iron pin found on the western right-
of-way line of the Fort Worth & Denver Railroad (ROW Varies),
THENCE S02°43'00"w along the western right-of-way line of said Fort Worth and
Denver Railroad, 198 45 feet to an "x" found cut on a boulder;
THENCE S13°53'43"E along the western right-of-way line of said Fort Worth and
Denver Railroad, 165 64 feet to a 1/2" iron pin found on the northern right-of-
way line of said State Highway Spur No 280,
THENCE N89°14'57"W along the northern right-of-way line of said State Highway
Spur No 280, 197 48 feet to a 1/2" iron pin found,
Page 1 of 2
THENCE S71°17'53"W along the northern right-of-way line of said State Highway
Spur No 280, 246 87 feet to a 1/2" iron pin found,
THENCE S63°47'19" along the northern right-of-way line of said State Highway
Spur No 280, 108 65 feet to a 1/2" iron pin found,
THENCE S58°29'37"W along the northern right-of-way line of said State Highway
Spur No 280, 235 10 feet to a 3/4" iron pin found,
THENCE S51°38'13"W along the northern right-of-way line of said State Highway
Spur No 280, 80 89 feet to a 3/4" iron pin found,
THENCE S62°05'09"W along the northern right-of-way line of said State Highway
Spur No. 280, 62 65 feet to the POINT OF THE BEGINNING and containing 4.560
acres of land, more or less.
Page 2 of 2
City of Fort Worth, Texas
M,~A~ae and ~oune~l Con~mun~cAtion
DATE REFERENCE NUMBER LOG NAME PAGE
6/20/00 **G-12936 13AIRPORTS 1 of 2
~"~~'t" I SUPPLEMENTAL APPROPRIATION TO AIRPORTS FUND AND TRANSFER TO
~ CAPITAL PROJECTS RESERVE FUND
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriation ordinance increasing appropriations by $373,675 00
in the Airports Fund and decreasing the unreserved retained earnings of the Airports Fund by the
same amount; and
2 Approve the transfer of the same $373,675 00 from the Airports Fund to the Capital Projects
Reserve Fund
DISCUSSION
In June of 1980, the City of Fort Worth entered into an agreement to sell the Greater Southwest
International Airport (GSIA) On May 9, 1979, as the City was anticipating the sale of GSIA, the City
Council established four priorities for the sale proceeds (M&C G-4167)
1 Resolve all appropriate claims for the federal government (FAA),
2. Defease outstanding revenue bonds,
3 Repay General Fund advances by transferring proceeds to the Capital Projects Reserve Fund, and
4 Any additional proceeds go into the Capital Projects Reserve Fund to be earmarked specially for
future airport improvements.
This transfer is to satisfy the third of these priorities by earmarking these proceeds specifically for
repayment to the General Fund for prior year advances. These monies will be recorded into the Capital
Projects Reserve Fund Unspecified project.
On June 2, 2000, the sale proceeds for 2000 were deposited into the Airports Operating Fund in the
amount of $373,675 00 To make this amount available for use in the Capital Project Reserve Fund, a
supplemental appropriation ordinance is necessary
The remaining payments due to the City of Fort Worth under this agreement are as follows.
June 5, 2001
June 5, 2002
June 5, 2003
June 5, 2004
June 5, 2005
$373,675 00
$373,675 00
$373,675 00
$373,675 00
$373,300 40
City of Fort Worth, Texas
~11~A~o~ And Council Colr11r1u111cAfi1o1/
DATE
6/20/00 REFERENCE NUMBER
**G-12936 LOG NAME
13AIRPORTS PAGE
2 of 2
SUBJECT SUPPLEMENTAL APPROPRIATION TO AIRPORTS FUND AND TRANSFER TO
CAPITAL PROJECTS RESERVE FUND
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon the adoption of the supplemental appropriation ordinance,
funds required for this transfer will be available in the current operating budget, as appropriated, of the
Airports Fund The cash balance in the Capital Projects Reserve Fund after this transfer will be
$1,025,273 00
CB.I
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
APPROVED
PE40 538070 0554000 $373,675.00
Charles Boswell 8511 GC10 472040 013010001000 $373,675.0 T Y COUNCIL
Originating Department Head:
JUN 24 2000
Jim Keyes 8517 (from) ~~
))
PE40 538070 0554000 $373,675.00 ~~
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Additional Information Contact: City Sectetar~ of tl-o
ity of Fort Worth, l+ezaa
Judy Walton 8334
Adopted Ordinance. Pto. ~ ~~-2 ~