HomeMy WebLinkAboutOrdinance 13621Ordinance No .~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
SPECIALLY FUNDED CAPITAL PROJECTS FUND IN THE AMOUNT OF $200,000 00 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING THE THIRD ANNUAL PAYMENT OF
LOTS 2, 3 AND 6B, HIRSCHFIELD ADDITION, 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 1998-99 and in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations in the Specially Funded Capital Projects
Fund in the amount of $200,000 00 from available funds for the purpose of funding the third annual payment of Lots 2, 3, and
6B, Hirschfield Addrtion.
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 nnpair the remaining portions, sections, or
parts of sections of thrs 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. 13540 and all other ordinances and appropriations amending the
same except in those instances where the provisions of this ordinance are in direct conflict wrth such other ordinances and
appropriations, in whrch instance said conflrcting 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repealed.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 rt is so ordained.
APPROVED AS TO FORM AND LEGALITY
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Assista Attorney
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'DATE REFERENCE NUMBER ' 'S" '.LOG NAME ~ ~ ' + PAGE ~
10/20/98 ~ **.G;'12360 ~~ 30-LONE ~,,~,; ~ ~ ~ , "~,,,.~ ~r.
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•sue~ECr -~ -~ APPROPRIATION ORDINANCE- TO APPROPRIATE'~~FUNDS~";FOR'~rTH1RD` ANNUAL
,PAYMENT FOR SLOTS 2,"'3 AND 6B, BLOCK 2, HIRSCHFIELD.;ADDITION (OLD LONE
STAR GAS BUILDING) ' }
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached appropriation ordinance increasing estimated receipts and .appropriations in the
Capital Projects Reserve Fund by $200,000 00 from available funds; and
2. Authorize the transfer of $200,000 00 from the Capital Projects ReserveFund to the Specially
Funded Capital Projects Funds; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Specially Funded Capital Projects Fund by $200,000 00 from available funds.
DISCUSSION
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The City of Fort Worth entered into ~"a purchase contract with the ENSI=RCH Corporation for the
purchase of Lots 2, 3 and 6B, Block 2, Hirschfield Addition on October 3,, ~~1995. This action was
approved through M&C L-11628.
The contract required $10,000 00 earnest money and a.payment of $191,007.56'be~made»at the time of
,, closing. Three equal annual payments of~$200,000 00 bearing no interest on~the unpaid balance are to
,x"'be paid son or -before November :30th ofeach year, beginning in 1996~'~ Tfe total purchase ;pri'ce of thee` ~ ' `
property,was-$800,000 00 , - r.~ ~: ~, ,; ,,, ... ,,
!i ~ ~ 6{ .~. K; a.
The first annual ,payment was approved by City Council on January 21;f1997•(IVI&C~G-11,733). 'The
isecond annual payment in.the'arriount of $200;000.00 was approved by City Council on November 11,
..1997 ~(M&C G-12061) ,,The third and final payment in the amount of $200,000 00 is `now due, on or
;before November 30, 1998. ~ ~ ~` ~~ ~ ~ t'a'g "~~ '~'~`~'~ ` . ,.;
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10/20/98 REFERENCE NUMBER
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SUBJECT APPROPRIATION ORDINANCE'S TO~•APPROPRIATE
FUNDS fOR ~ T'HIRD'' ANNUAL
.
PAYMENT FOR LOTS 2, 3 AND 66, BLOCK 2, ~':HIRSGHFIELD ADDITION (OLD LONE
STAR GAS BUILDING) ~ '` F r ` `' `~' F,
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinances, funds required for this payment will be available in the current
capital budget, as appropriated, of the Specially Funded Capital Projects Fund. The cash balance in
the Capital Projects Reserve Fund after this transfer will be $3,029,870 00 t
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.Submitted for City Manager's ,. FUND; ACCOUNT; f:, CENTER 'AMOUNT~,`~ ~-•CITY SECRETARY
,
'Office by: (to) ~ _
~'° 1) GG10 472001 013010001000 $200,000.00 ~ ~~ ~'~ ''
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APP
Mike Groomer 6140 ;;_ 1) GC10 538070 ~. ..013010001000;« $200,000.00 .,,,,'
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Originating.DepartmentHead:
y 2)GC35 ~_ °~; 472010 fir; 030019001000 $200,000.00 n
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Y COUNCIL.
', ~ +~ ~3) GC35 ' ' ; ' ' 472010 ;{, ' 030019001000 ' $200,000.00 ~ ~~ :.
=3) GC35 ' 541250 013110001000 $200,000.00 4 Q~ ~ d '~
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A. Douglas Rademaker 6157 (from)'°° .F- r- ° ~. ~;;
' 2) GC10 538070 01301000100 $200,000.00 ~ ~~ ~p.._4 ~~>
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'Additional Information Contact: ~
City Sectetary of the
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Citq of Fort Worth,l~exas
A. Douglas Rademaker G157 ;~;:,
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Adopted Ordinanc.~ o. o
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