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Home My WebLink AboutOrdinance 12957Ordinance No. / ~~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $6,000,000 00 SUBJECT TO RECEIl'T OF THE GRANT FOR THE PURPOSE OF FUNDING THE DEVELOPMENT OF A MEXICAN THEME MARKET PLACE, NORTH MAIN MERCADO, THROUGH A GRANT FROM THE U S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, 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 1996-97 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Grants Fund in the amount of $6,000,000 00 subject to receipt of the grant for the purpose of the development of a Mexican theme market place, North Main Mercado, through a grant from the U S. Department of Housing and Urban Development. 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 judgement 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. 12629 and all other ordmances 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 m full force and effect and after the date of rts passage, and it is so ordained. 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'r~~i`«C't":~. ~ ~~~:9'S: l(,3S'C?S~~` -~z'~°iy;'~`T~ '£~ ~~~¢~r~r°, t~'~ ~~"F'~:, ~~' '.~ 4,~ .,2~~k~~:~ ?~3' !Z:.2" S~.~si ~~ Y-~t~~`t.., s'/ j(Jfi"~.~x 'td4{~~E ~~ N"rse"~~c,-^,:C~ , `f~{a °,~,~?E: ~*"~t'. ~ ~.i °c',`?~~ ~ ~r~~,i'+. :~~. f^.~.'c3':+~ tt€iy s=1 ~r.r tlc^If.r~';"t4 ~~~~q+,~ S.f~.,~r~~ ~a:Et !:t'p~,:a,~~~a d~~'~ _ ~rK~ixr~;i'r9{F` ~'1i tC ~tL'`~` ?~,w ."°sfi;~?~Ye?+~ Si?~;i;r''fi~ L~~Z:l~C~~eJPf~?r S'.~Z 4~+.~'~~ii „~~~i!`'+ ~'..k`3 uc?u., ~. r:_'~"~ ~• ~~i w~ :~~?;~4~c' ~' ~. _'! ~ ~r. ... ~yf~ ~ ~ 1`~.':c"~t ~{?^~k~4`~.: ?~~:a~t~L1`r"3:':`z5; ~':~~~~,~: ~:~ ~'i~ r `,,tr .ice; c~' ~'c~#~~ t"B~~'t~"1?w~'k~ w,,,~ ., ^:#','+'fi~~i fir: eF,~~ ~:K4,~ .''1r^;^r;w ~T`';9.~'~,~'c ~~c'i't;F,?'. :?~v~1{~Et'~ca, rlm_s~ ~~~` c"~~waG~~''~.3~.'G:~' 'C+S3 ~'~~'.'' t; ^,6°k~l~ :~.~~a"J ,~ . __ a"~__,:^~~~~5, Tu.':';'G°x, :4~ Ik~~. ~~'~ti~: $^:d!~+~hi ~i`:a? s+"'`Rs a`~~v'~'v. 4~ ~'~*+t~~v~=~.~.„, px,~G ~~ fit` "»~' ~""=-sr"-F..... ro ~ ~ , D.}~TE f1~4(a$f~~' R}~FFsY2EPpCE SiLTAS~4laR: :i,OG iV2tiYdR ~ P~e.GE -~--~---~ ~-~~~`~~ '1~11AiAltll ~ ~.~ 2 susa~~e~ ADOPT .,AP~FiC1PR(ATION QRDtIV~ANCE ~0~1D At3TH~R1~E S~GTICQ°tV ~ C?8 LQ;AI~ AND EC01t10iVilC DEVd_LC7t'NIE6~T 1~llTiATfVE GRANT APPLI~ATtOt~t 1`C1R tVQI~Tt~{: IUTAf9! MtRCAQG 1"'RGIJEGT 1 a Section 7 0'8 boar} funds wilt establsPt a re~sotving loan flsnd that can. be accessed by the owners Qf' c;ori~merc'ra! property in the 1400 block of North l1lfafn. The Economic Devviopfnent ~ initiative grant w'}tl be uses: for relocation casts, ir~frastructc~re support and a :e3ebt :fes~tve l Comrrlercial business av~aners will fie offered sma11 t~usines~ loans in Section ~ d~8 f4an funds et a rate. above t:reasa~ry rates Fiepay}ilent of the S`ectio:n '!-0"8 loaati will be. f~drn rtaWereue: 1 generated. by flie small businesses assisted. The b~sirtess owners w"i'il repay time- Cary irk regularly schedul`ed' payments; and the Gity v~rill> repay HUL} ira yearly payrx~er}t~ unti9 HUD' is""_ paid in fe.rll The roilateral ~vil'1 corns fronr~ the pledge ~f the° buildings to lie irr~g~roveel as v~~ll' other personat property cif the lauii'dir~g ~};w"nets;: As teguired ;by l~l~::i7, ftie pity will pieelge= future CDl3G alic+cati:ons anc# C1~BG .prograrra income as co9t`atoral in the eve~iz of default-... PiSCAt . IN:FORMATIOt`J/CERTIFI:.QA~T1C?i~:: The Director of Fiscat Services cert'}f"res that upon approval cif the aba~ve recort'}tx~pndatiar~s and` adr~ption of the attached appropriations: ordinance and receipt of the grahfil9azr~, funds will be availatDle in the current operating budget; as appropriated, of the Grants. <(=und C8 f 5uk~mltted for City Maxeager"s FiiltiT}7 ACG(3t3?4T C~:'v~E}3 AA50["t;4"T ~i~'A' SF,CRE"1'rti>`LY @~rrice isv: E.t>) E23GR7G 451727 4332(tl~1lEM)a 55 th'!tD flCfO,©il ~f"'~~~~~ Charles Boswell 8511 (31GR76 431727 F}132063170U(} $I,i~DO.d}0€).(}(1 _ ~~~ ~~~~ origutating:3Depateaient &3~d: r3)GR7H 53912{} }1'1"32QDdi:IfiQlEa 'S5:(1}id:tHla~.{D(1 (3~GR7fi 33912th (b,32fS617.7g1(t ~1.f1Q91,{t'f?~:t}0' '~d'3~ : 3im.Keyes PS}7 tfmmf 9 ~ ~~`d~ For A:diiitia®;}}' Paformatioa 3~ f:ity at#~q ~~rYr~f fFaa~ oY Caatact: r ~ts". ~... tae t~eniagua <ilfr$ PtarEttad orr Rory~ed. Pa~t+s