HomeMy WebLinkAboutOrdinance 13414a j
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Ordinance No.
AN ORDINANCE INCREASING THE ESTIMATED RECEII'TS AND APPROPRIATIONS IN THE
INSURANCE FUND IN THE AMOUNT OF $36,265 15 FROM AVAILABLE FUNDS FOR THE
PURPOSE OF FUNDING AN INCREASE IN INSURANCE PREMIUMS FOR PROPERTY, BOILER
AND MACHINERY, AND LIQUOR LIABILITY FOR THE FORT WORTH CONVENTION CENTER,
PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES, 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 1997-98 and`in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations in the Insurance Fund in the amount of
$36,265 15 from available funds for the purpose of funding an increase in insurance premiums for property, boiler and
machinery, and liquor liability for the Fort Worth Convention 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 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. 13111 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repealed.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
(C
Assis City Attorney
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Date
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Adopted
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Effective
City of Fort Worth, Texas
n-~Ayar And C,aunc~l Cammun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
4/7/98 **P-8573 15RISK 1 of 2
SUBJECT APPROPRIATION ORDINANCE AND AMEND M&C'S P-8366 (07/22/97) PROPERTY
AND LIABILITY INSURANCE, AND M&C P-8414 (09/23/97) BOILER AND MACHINERY
INSURANCE, GRIME INSURANCE, LIQUOR LIABILITY INSURANCE, AND
COMMERCIAL GENERAL LIABILITY INSURANCE FOR LESSEES OF CITY FACILITIES
FROM VARIOUS VENDORS
RECOMMENDATION
It is recommended that the City Council.
1 Authorize the transfer of $36,265 15 from the General Fund to the Insurance Fund, and
2: Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Insurance Fund by $36,265 15 from increased revenues, and
3 Authorize the City Manager to amend the following M&C's to purchase insurance coverage for the
Fort Worth/Tarrant County Convention Center (FW/TCCC).
a) M8C P-8366 (07/22/97) -increasing the insurance premium for property insurance by
$29,428 15 from $407,810.85 to $437,239 00 for the balance of the policy period through
September 30, 1998 for additional fire and extended coverage insurance on three FW/TCCC
structures, effective October 28, 1997, and
b) M8C P-8366 (07/22/97) -increasing the insurance premium for property insurance by an
amount not to exceed $3,500 00 for fire and extended coverage insurance on the contents of
the three FWlTCCC structures effective January 27, 1998 for the balance of the policy period
through September 30, 1998, and
c) M8C P-8413 {09/23/97) -increasing the insurance premium for boiler and machinery
insurance by $2,337 00 from $18,635 00 to $20,972.00 for the balance of the policy period
through September 30, 1998 to insure the power plant and other FW/TCCC structures,
effective October 28, 1997, and
d) M8C P-8413 (09/23/97) -increasing the insurance premium for liquor liability insurance by
$1,000 00 from $10,605 00 to $11,605 00 for the balance of the policy period through
September 30, 1998, effective March 12, 1998.
DISCUSSION
The cost of insurance coverages listed above, on the three structures composing the FW/TCCC
complex, was not included in this fiscal year budget for commercial insurance in the Insurance Fund,
however, funds are available in the budget of the Convention Center to be transferred for this purpose.
Effective October 28, 1997 the City took title to the FWli'CCC and is responsible for various insurance
coverages on the structures, contents, and liquor liability, effective on the dates above. The various
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City of Fort Worth, Texas
M,,Ayar and Council CommunicAtion
DATE REFERENCE NUMBER LOG NAME PAGE
4/7/98 **P-8573 15RISK 2 of 2
SUBJECT APPROPRIATION ORDINANCE AND AMEND M&C'S P-8366 (07/22/97) PROPERTY
AND LIABILITY INSURANCE, AND M&C P-8414 (09/23/97) BOILER AND MACHINERY
INSURANCE, CRIME INSURANCE, LIQUOR LIABILITY INSURANCE, AND
COMMERCIAL GENERAL LIABILITY INSURANCE FOR LESSEES OF CITY FACILITIES
FROM VARIOUS VENDORS
insurers of the coverages listed above have agreed to extend coverages at the costs indicated for the
balance of the policy year Funds are available in the appropriated budget for the FW/TCCC for this
expenditure.
TION/CERTIFICATION
FISCAL INFORMA
The Director of Fiscal Services certifies that upon approval of recommendations 1 and 2, funds wilt be
available in the current operating budget, as appropriated, of the Insurance Fund.
CB:m
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PPROVED
1
0 0157130 15
265
$36 A
FE71 472
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.
Chazles Boswell 8511 FE71 534260 0157130 $32,928.15 ~~Y C~V ~1~
Originating Department HeAd: FE71 534210 0157130 $ 2,337.00
FE71 534360 0157130 $ 1,000.00 APR 7 '~
Susan Bulla 8513 (from)
GG01 538070 0252000 $36,265.15 ~,~ f f~M~l~,,
Additional Information Contact: FE71 534260 0157130 $32,928.15 EHt~ ~
~)~on#
Y
7130
1 2
337
00 G
ty °
FE71 534210 5
0 ,
.
Susan Bulla 8513 FE71 534360 0157130 $ 1,000.00
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