HomeMy WebLinkAboutOrdinance 19036-02-2010Ordinance No 19036-02 2010
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE GRANTS FUND IN THE AMOUNT OF $125 000 00 FROM AVAILABLE FUNDS,
FOR THE PURPOSE OF PROVIDING A FORGIVABLE LOAN TO THE TARRANT
COUNTY BLACK HISTORICAL AND GENEALOGICAL SOCIETY INC FOR THE
COMPLETION OF THE LENORA ROLLA HERITAGE MUSEUM 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 Fiscal Year 2009-2010 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 $125 000 00 from available funds for the purpose of providing a
forgivable loan to the Tarrant County Black Historical and Genealogical Society Inc. for the completion of
the Lenora Rolla Heritage Museum
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 18809 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ordinances and appropriations are hereby expressly repealed.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 upon adoption.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorney
ADOPTED AND EFFECTIVE. February 9, 2010
ORDINANCE NO. 19036-02-2010
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City of Fort Worth, Texas
Mayor and Council Communication
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COUNCIL ACT10N: Approved on 21912010....- Ord.` No. 19036-02'-2010
DATE Tuesday February 09 2010 REFERENCE NO G-16840
LOG NAME 17LROLLAMUSEUM
SUBJECT
Authorize the Expenditure of $125 000 00 of Hilton Parking Garage Program Income Funds to the Tarrant
County Black Historical and Genealogical Society Inc. in the Form of a Forgivable Loan for the
Completion of the Lenora Rolla Heritage Museum Authorize Execution of a Loan Agreement and Adopt
Appropriation Ordinance (COUNCIL DISTRICT 8)
RECOMMENDATION
It is recommended that the City Council
1 Authorize expenditure of $125 000 00 out of the Hilton Parking Garage Program Income Fund in the
form of a forgivable loan to the Tarrant County Black Historical and Genealogical Society Inc. to fund the
completion of the Lenora Rolla Heritage Museum
2 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations of the
Grants Fund by $125 000 00 and
3 Authorize the City Manager or his designee to execute a Loan Agreement and related documents for a
five year forgivable loan to the Tarrant County Black Historical and Genealogical Society Inc. for
$125 000 00 to complete the project.
DISCUSSION
The Lenora Rolla Heritage Museum (the Museum) will provide a place to learn about Fort Worth's black
history and culture The Museum will house various collections and provide lectures and workshops to the
citizens of Fort Worth The Museum is located in southeast Fort Worth a few blocks east of the Evans and
Rosedale Urban Village area The address is 1020 East Humbolt Street (See attached project map).
On December 12, 2006 the City Council approved $245 000 00 for renovation of the historic Boone
House (M&C C-21872) Additionally the Tarrant County Black Historical and Genealogical Society Inc.
(TCBHGS) raised approximately $100 000 00 from other sources and used the majority of these funds to
supplement the City funding associated with the original remodeling project. The amount in total was not
sufficient to complete the project. Therefore TCBHGS is requesting additional funds to complete the
project.
The amounts requested and associated construction items are as follows.
Roof Finish Out $7 500 00
Parking Lot $33 621 00
Utilities $23 335 81
Interior Painting and Finish Out $35 000 00
Construction $12 500 00
Logname: 17LROLLAMUSEUM Page 1 of 2
Contingency
Total
$13.043.19
$125 000 00
Staff recommends providing the TCBHGS a forgivable loan of $125 000 00 to protect the City's original
investment and to complete the project. The funding source would be the Hyatt Regency Parking Garage
project, which is comprised of the City's portion of revenues received from parking fees associated with
the parking garage now known as the Hilton Hotel parking garage The Hyatt Regency Parking Garage
project has a balance of $662,100 77 These funds must be utilized specifically for activities that meet the
requirements of the redevelopment grant originally used to build the hotel parking garage
The terms for the loan include making it forgivable after five years, if•
1 a certificate of occupancy is obtained within two years of the loan documents being signed
2. the museum must be in operation continuously from the date of the issuance of the certificate of
occupancy until at least five years after the signing of the loan documents, and
3 the City would put a lien on the property and building for the duration of the loan for the $370 000 00
the full amount invested by the City
The property is located in COUNCIL DISTRICT 8
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that funds are available in the current operating
budget, as appropriated of the Grants Fund
FUND CENTERS
TO Fund/Account/Centers FROM Fund/Account/Centers
GR76 539120 005206948040 $125,000.00 GR76 539120 005206948040
GR76 442216 005206948000 $125,000.00
CERTIFICATIONS
Submitted for City Manager's Office by• Thomas Higgins (6192)
Originating Department Head. Jay Chapa (5804)
Additional Information Contact: Coy Gray (6203)
Logname: 17LROLLAMU S EUM
$125,000.00
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