HomeMy WebLinkAboutOrdinance 13231..
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Ordinance 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 PROVIDING FUNDING FOR THE SECOND ANNUAL
PAYMENT OF THE LONE STAR GAS BUILDING; 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 Specially Funded Capital Projects Fund
in the amount of $200,000.00 from available funds for the purpose of providing funding for the second annual payment of the
Lone Star Gas Building.
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repealed.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
t_...
Assistant Attorney
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Date
~l- l~- q~
Adopted
Effective
• City of Fort Worth, Texas
n~Ayar And C,aunc~l CammunlcAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
11/11/97 **G-12061 30ENSERC 1 of 1
SUDJECT APPROPRIATION ORDINANCE TO APPROPRIATE FUNDS FOR SECOND ANNUAL
PAYMENT FOR LOTS 2, 3 AND 6B, BLOCK 2, HIRSHFIELD ADDITION (OLD LONE
STAR GAS BUILDING -ENSERCH CORPORATION)
RFCOMMENDATION•
It is recommended that the City Councif•
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 Reserve Fund to the Specially
Funded Capital Projects Fund, 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, and
4 Authorize payment in the amount of $200,000.00 to ENSERCH Corporation.
~ISGUSSION.
The City of Fort Worth entered into a purchase contract with the ENSERCH Corporation for the purchase
of Lots 2, 3 and 6B, Block 2, Hirschfield Addition on October 3, 1995 (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
be paid on or before November 30, of each year, beginning in 1996. The total purchase price of the
property was $800,000.00
The first annual payment approved by the City Council was on January 21, 1997 (M&C G-11733). The
second annual payment in the amount of $200,000 00 is now due.
FISCAL INFORMATION/CERTIFICgTION.
The Director of Fiscal Services certifies that upon approval of the above recommendations and adoption
of the attached appropriation ordinances, funds 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 $1,513,971 00
MG•m
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Oft[ce by: (tO)
GC35
472010
030019001000
200,000 ~p~,yR~yee1
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Mike Groomer 6140 GC35 472010,541250 030019001000 $200,000 p'~'t~j ~) Sl
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Originating Department Hesd: GC10 472001 013010001000 200,000
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A. Douglas Rademaker 6157 (from)
GC10 472001 013010001000 200,000 ~ .,
Additlonai Information Contact: ~~ q,~
C.~yaQ
A. Douglas Rademaker 6157
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