HomeMy WebLinkAboutOrdinance 14053n
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Ordinance No.~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GRANTS FUND IN THE AMOUNT OF $1,500,000 00 UPON RECEIPT OF THE GRANT FROM THE
ECONOMIC DEVELOPMENT ADMINISTRATION FOR THE PURPOSE OF FUNDING THE
ACQUISITION, RELOCATION, DEMOLITION, AND SITE PREPARATION OF THE HERITAGE
PARK CENTER, 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 estimated receipts and appropriations in the Grants Fund in the amount of
$1,500,000 00 upon receipt of the grant from the Economic Development Administration for the purpose of funding the
acquisition, relocation, demolition, and site preparation of the Heritage Park 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 m 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repealed.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
Assist City A ey
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Adopted
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Effective
City o, f 'Fort Worth, Texas
~1-~A~ar And Caunc~l ~o~»inun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
01/11/00 G-12784 13HERITAGE 1 of 2
SUBJECT APPLICATION FOR AN ECONOMIC DEVELOPMENT ADMINISTRATION GRANT FOR
HERITAGE PARK CENTER
RECOMMENDATION
It is recommended that the City Council
1 Authorize the City Manager to apply for and accept, if awarded, a grant in the amount of $1,500,000
from the Economic Development Administration (EDA) for the purpose of acquisition, relocation,
demolition, and site preparation of the Heritage Park Center; and
2 Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in
the Grants Fund by $1,500,000 upon receipt of the grant.
DISCUSSION
On December 21, 1998, the City was awarded an Economic Development Initiative (EDI) grant in the
amount of $1,500,000 from the U S Department of Housing and Urban Development (HUD) for
development of the Heritage Center The EDI grant funds are contingent upon the approval and award
of $7,500,000 Section 108 loan guarantees from HUD The application far approval of the Section 108
loan guarantees has been submitted and is pending review and approval by HUD
The City's initial budget of the $9,000,000 for the Heritage Center envisioned using the EDI grant funds
award along with Section 108 loan funds to undertake the project. The project included development of
an anchor activity such as a hotel or retail business to help spur small business development in and
around an area bound by Evans Avenue, Rosedale, Terrell, and I-35 However, in further examining
the prospects for redevelopment, it was determined that the boundaries of the project need to be
expanded to include areas on both sides of Evans Avenue, as well as Rosedale Street. The northern
boundary also needs to be adjusted This expansion of the boundaries has caused the proposed
budget acquisition, relocation and site preparation, as well as possible provisions for construction to be
inadequate An Economic Development Administration grant, if awarded, could help provide needed
funding to continue the project. Already, site acquisition has begun by using Community Development
Block Grant funds
After approval of this Mayor and Council Communication, it is the intent of the City staff to submit apre-
application for a grant from the EDA in the amount of $1,500,000 The award date for this grant is
undetermined
City of Fort Worth, Texas
~1-~Aya~ and Caunc~l Caminun~cAt~ian
DATE
01/11/00 REFERENCE NUMBER
G-12784 LOG NAME
13HERITAGE PAGE
2 of 2
SUBJECT APPLICATION FOR AN ECONOMIC DEVELOPMENT ADMINISTRATION GRANT FOR
HERITAGE PARK CENTER
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations, receipt of the grant
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the Grants Fund
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GR76 451727 013206616000 $1,500,000 00
Charles Boswell 8511 GR76 various 013206616010 $1,500,000 00 gPpR01(ED
Originating Department Head: CITY ~®~~~~~
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Joe Paniagua 6168 (from) 2000
1 eN 11
Additional Information Contact:
Cristal Galvan 6357 Secret cif ~'~'
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Adnoted Ordinance tio, ~3