HomeMy WebLinkAboutOrdinance 13704' ~` ORDINANCE NO ~D
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS BY $92,013 IN THE AIRPORTS FUND FROM AVAILABLE
FUNDS FOR THE PURPOSE OF FUNDING THE AMENDMENT OF CITY
SECRETARY CONTRACT NO 24041 (UNIMPROVED GROUND LEASE
AGREEMENT WITH KIMBELL, INC.) AND THE CITY'S PARTICIPATION IN
THE CONSTRUCTION OF T-HANGARS AT FORT WORTH SPINKS AIRPORT,
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 u1 addition to those amounts allocated to the various City departments for the Fiscal Year 1998/99 and in the
Budget of the City Manager, there shall also be uzcreased estimated receipts and appropriations by $92,013 in the
Airports Fund from available funds for the purpose of funding a lease agreement with Kimbell, Inc. and
participation in the construction of T-Hangars at Fort Worth Spinks Airport.
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, opinion or judgment shall in no way impair the
remavzing portions, sections, or parts of sections of this ordinance, which said remauzing provisions shall be and
remain in full force and effect.
SECTION 3
That this ordmance shall be cumulative of Ordinance No 13540 and all other ordinances and appropriations
ainendu1g 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and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
~~+"P"'"'T City Attorney
~I .?•EO-94
Date
R
.~~ R'- ~g
Adopted
2-9-99
Effective
City of Fort Worth, Texas
~1-~Ayar And C~unell C,amr~un~cAt;an
DATE REFERENCE NUMBER LOG NAME PAGE
2~9~99 C-17273 55HANGERS 1 of 2
SUBJECT AMENDMENT TO CITY SECRETARY CONTRACT NO 24041, UNIMPROVED GROUND
LEASE AGREEMENT WITH KIMBELL, INC INCREASING THE CITY'S FINANCIAL
PARTICIPATION IN THE CONSTRUCTION OF T-HANGARS AT FORT WORTH SPINKS
AIRPORT AND ADOPTION OF RELATED SUPPLEMENTAL APPROPRIATION
ORDINANCE
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations by $92,013, and
2. Authorize the City Manager to execute an amendment to City Secretary Contract No 24041, Fort
Worth Spinks Airport Unimproved Ground Lease Agreement with Kimbell, Inc. for the construction of
T-Hangars, reflecting the City's increased level of financial participation in the development by
$92,013 and construction of the T-Hangars for a total cost not to exceed $845,524
DISCUSSION
Under City Secretary Contract No 24041 ("Lease"), and pursuant to the City Council's approval of M&C
L-12192, Kimbell, Inc. leases 300,000 square feet of unimproved land ("Leased Premises") at the Airport.
The Lease requires Kimbell, Inc. to develop and construct seven T-Hangars on the Leased Premises,
and calls for both the City and Kimbell, Inc. to pay a set percentage of the costs associated with that
construction The initial estimate of the City's development cost was estimated to be $753,511 and the
City Council authorized this expenditure and appropriated sufficient funds pursuant to M&C L-12192.
Under the Lease, Kimbell, Inc. was responsible for issuing the request for bid for the entire project.
Ten bids were received and one was non-responsive Several items in the bid tabulations came in over
the amount in the original estimate, and two items came in at a lower amount than was estimated In
total, Kimbell, Inc.'s share of the development cost is now estimated to be $1,367,043, which is $154,919
more than originally estimated, and the City's share of the development cost is estimated to be $845,524,
which is $92,013 higher than the original amount estimated Therefore, the Lease needs to be amended
to reflect these costs and the new level of participation by both Kimbell, Inc. and the City In order for the
City to fulfill its financial obligations under the amended Lease, staff requests approval of the attached
supplemental appropriation ordinance.
The additional funding for this project will come from the excess revenues (over expenditures) generated
from the rental properties located at Alliance Airport.
The property is located in COUNCIL DISTRICT 8
City of Fort Worth, Texas
M~Ayor And Caunc~t Commun~cAtian
DATE
2/9/99 REFERENCE NUMBER
C-17273 LOG NAME
55HANGERS PAGE
2 of 2
SUBJECT AMENDMENT TO CITY SECRETARY CONTRACT NO 24041, UNIMPROVED GROUND
LEASE AGREEMENT WITH KIMBELL, INC INCREASING THE CITY'S FINANCIAL
PARTICIPATION IN THE CONSTRUCTION OF T-HANGARS AT FORT WORTH SPINKS
AIRPORT AND ADOPTION OF RELATED SUPPLEMENTAL APPROPRIATION
ORDINANCE
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the attached supplemental appropriation ordinance,
the funds required for this contract will be available in the Airports Fund
RG k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PE40 491082 0552001
Ramon Guajardo 6140
PE40
541200
0552001 .APPROVE®
Originating Department Head: C~~~ I~~~~v~~L
FF~ ~ 1599
~~~~ ~~~~~
Lisa A. Pyles 5403 (from) ~
~.,~x'e~" G3t i' 6)?'t Fii.` t2ii:L `_'48~::?
Additional Information Contact:
Lisa A. Pyles 5403
~1dOpted Ordinance No, ~;~