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HomeMy WebLinkAboutOrdinance 13470Ordinance No.~' AN ORDINANCE APPROPRIATING $78,450 00 TO THE LAKE WORTH TRUST FUND AND DECREASING THE UNRESERVED, UNDESIGNATED, LAKE WORTH TRUST FUND BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF PROVIDING FUNDING FOR LAKE WORTH DRAINAGE AND DEMOLITION PROJECTS, PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES 1N 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 appropriation in the Lake Worth Trust Fund m the amount of $78,450 00; thereby decreasing the unreserved, undesignated Fund Balance by the same amount for the purpose of providing funding for Lake Worth Drainage and Demolition Projects. 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 remauiing 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 appropriarions, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 ~~ Assistan Attorney ~~i~~9~ Date ~o-~-~~ Adopted -~~ Effective City of Fort Worth, Texas n-~Ayar And Caunc~l (:,ammun~cAt~an DATE 6/2/98 REFERENCE NUMBER **G-12223 LOG NAME 30WORTH PAGE 1 of 1 SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCE FROM LAKE WORTH TRUST FUND TO FUND LAKE WORTH DRAINAGE AND DEMOLITION PROJECTS RECOMMENDATION It is recommended that the City Council adopt the attached supplemental appropriation ordinance increasing appropriations by $78,450 00 and decreasing the fund balance by the same amount in the Lake Worth Trust Fund DISCUSSION To prevent the further erosion of lease property at Lake Worth, it is necessary to perform work on two drainage-ways. The first project is located between 7624 Malaga Drive (Lot 26AR/Block 7) and 7612 Malaga Drive (Lot 27AR/Block 7) of the Lake Worth Lease Survey A solution to this drainage problem has been designed and the project has been planned Cost of the drainage pipe for this project is $4,700 00 The Transportation/Public Works Department has committed to perform the work on this project. This pipe is to be paid for from the Lake Worth Trust Fund The second drainage way project is located at 9225 Heron Drive (Lot 34 and 34R/Block 27) Bids were opened for this project on April 23, 1998 with the low bid being $62,000 00 Code Compliance and Real Property have identified several substandard structures located on property owned by the Lake Worth Trust. These properties have been scheduled for demolition, however, no funding for property demolition was included in the Lake Worth Trust budget for FY97-98 Demolition costs for the substandard Lake Worth structures have been estimated at $11,750 00 FISCAL INFORMATION/CERTIFICATION The Director of the Department of Finance certifies that upon adoption of the supplemental appropriation, funds will be available in the current operating budget, as appropriated, of the Lake Worth Trust Fund Upon completion of this recommendation, the unreserved, undesignated fund balance of the Lake Worth Trust Fund will be $3,608,518 30 MGj Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) FE70 539110 030001002000 $11,750 I~PPROVED Mike Groomer 6140 FE70 541200 030001002000 $66,700 CI TY COUNCf L Originating Department Head: JUN 2 'q98 A. Douglas Rademaker 6157 (from) ~ Additional Information Contaet: "'' ""'"`'"~~ Citg Secr~4ary of ~o City of Fort Wirth Toxaz A. Douglas Rademaker 6157 , Adapted Oxd~nan~ ~oA t.~~°