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HomeMy WebLinkAboutOrdinance 13980ORDINANCE NO t~~Z~O AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $19,869 76 FROM AVAILABLE FUNDS FOR THE PURPOSE OF REIMBURSING THE FORT WORTH GARDEN CLUB, INC. FOR LOSS FROM BUSINESS INTERRUPTIONS AT BOTANIC GARDEN, 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 General Fund in the amount of $19,869 76 from available funds from an insurance settlement for the purpose of funding reimbursement of the Fort Worth Garden Club, Inc. for business interruptions at Botanic Garden resulting from hailstorm damage. 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 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY ~~~LG~ Assistant City Attorney i~- /3- ~ Date © cx ~G `~ Adopted ~©"afP "c,7~ Effective City of Fort Worth, Texas ~1-~Ayar And Caunc~l Cammun~cAt~an DATE REFERENCE NUMBER LOG NAME PAGE 10/26/99 **G-12709 80HAIL 1 of 1 SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCE AND PAYMENT TO THE FORT WORTH GARDEN CLUB FOR INCOME LOSS AT BOTANIC GARDEN RECOMMENDATION It is recommended that the City Council adopt the attached supplemental appropriation ordinance increasing appropriations in the General Fund by $19,869 76 and decreasing the unreserved, undesignated fund balance by the same amount to reimburse the Fort Worth Garden Club for loss of income from business interruption as a result of the May 5, 1995 hailstorm DISCUSSION On May 5, 1995, the Botanic Garden Conservatory received extensive damage from a hailstorm Roof damage has been repaired by the City at a cost of $250,000 00 As a result of the damage, this facility was closed for seven months with an estimated revenue loss of $25,638 00 The City negotiated a settlement with the insurance company to recover some of these revenue losses On May 5, 1999, M&C G-12562 authorized the payment of $637,748 52 to the City for all eligible claims related to this storm event. This total amount included $19,869 76 for adjusted income loss at the Botanic Garden Conservatory as a result of business interruption City Secretary Contract No 14151 between the City and the Garden Club states that all monies collected at the conservatory complex shall be deposited into a fund within the City to be used by the Fort Worth Garden Club, Inc. in support of the Botanical Garden This project is located in COUNCIL DISTRICT 7 FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon adoption of the attached supplemental appropriation ordinance, funds will be available in the current operating budget, as appropriated, in the General Fund Upon completion of this recommendation, the unreserved, undesignated fund balance of the General Fund is projected to be $32,173,305 00 before audit adjustments. LW k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) GG01 472071 0801000 $19,869 76 RQV~~ Libby Watson 6183 GG01 539120 0801000 $19,869 76 Originating Department Head: ~~~Y GQUNCi~ . RichardZavala 5704 (from) Q~T ~~ ~~~ GG01 539120 0801000 $19,869 76 Additional Information Contact: /c ~~ ~,~,,.{,,.~,~ Oity Ss~:retssxy a! ~} Richard Zavala 5704 .,City ai Fort Wn~~ Adopted Ordinance Ivo, (~~O