HomeMy WebLinkAboutOrdinance 12864Ordinance No.~_~- ~y - ~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GENERAL FUND IN THE AMOUNT OF $20,000 00 FROM INCREASED AVAILABLE FUNDS FOR
THE PURPOSE OF FUNDING A PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN AND
COMPANY FOR PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO
COMMERCIAL AND INDUSTRIAL ZONED CITY OWNED PROPERTY AND CITY OWNED LAND
AT LAKE WORTH; 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 m the Budget of the
City Manager, there shall also be increased estimated receipts and appropriations in the General Fund in the amount of $20,000 00
from mcreased available funds for the purpose of funding a professional services agreement to Kin Martin and Company for
professional market analysis/real estate services relating to commercial and industrial zoned city owned property and city owned
land at Lake Worth.
SECTION 2.
Should any portion, section or part of a section of this ordmance be declared invalid, inoperative or void for any reason by a court
of competent ~unsdiction, such decision, opiuon or judgement shall m no way impair the remaining portions, sections, or parts of
sections of this ordmance, wlmch said remaiung 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 ordinances and appropriations amending the same
except m those instances where the provisions of this ordinance are m duect 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repealed.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
Tlus ordmance shall take effect and be m full force and effect and after the date of rts passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
~~
Assistant Attorney
Date
~-~~' 9~
Adopted
Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
02/1 1 /97 **C-5893 30KIM 1 of 2
SUBJECT ADOPTION OF SUPPLEMENTAL APPROPRIATIONS ORDINANCE AND AWARD OF
PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN AND COMPANY FOR
PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO
COMMERCIAL AND INDUSTRIAL ZONED CITY OWNED PROPERTY AND CITY
OWNED LAND AT LAKE WORTH
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriations ordinance increasing estimated
receipts and appropriations In the General Fund by 520,000 available funds from the
sale of surplus properties, and
2 Authorize the City Manager to execute an annual Professional Services agreement
with Kim Martin and Company for a fee not to exceed 540,000 to prepare a market
analysis for commercial and industrial zoned surplus properties owned by the City
of Fort Worth and City owned land at Lake Worth
DISCUSSION
On December 5, 1995, City Council approved the award of a professional services
agreement with the real estate services firm of Kim Martin and Company The agreement
provided fior the preparation of a market analysis of the inventory of City-owned surplus
property
Kim Martin and Company have performed well during the past year and provided the City
with a product which has proven to be very useful in our marketing and disposal of
surplus properties The Department of Engineering is proceeding with the systematic
disposal of surplus property acquired through Sheriff Sales and in addition is about to
implement the phased sale of city-owned Lake Worth leases
Kim Martin and Company have agreed to provide market analysis services for City owned
properties The market analysis services will include
• Determination of fair market value,
• Determination of each property's highest and best use,
• Recommendation fior potential zoning changes,
• Marketing strategies for each property or groups of properties,
• Packaging or grouping of specific properties to maximize the sales potential for the
City
Printed on Recycled Paper
City of Fort Worth, Teaca~
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
02/1 1 /97 **C-15893 30KIM 2 of 2
svsJECT ADOPTION OF SUPPLEMENTAL APPROPRIATIONS ORDINANCE AND AWARD OF
PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN AND COMPANY FOR
PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO
COMMERCIAL AND INDUSTRIAL ZONED CITY OWNED PROPERTY AND CITY
OWNED LAND AT LAKE WORTH
Based upon their demonstrated understanding of the Clty's needs, proposed scope of
services and experience, Kim Martln and Company are one of two consultants
recommended to complete projects on an as needed basis for a fee not to exceed
540,000 Half the fee is to be funded out of the General Fund and the remainder from
the Lake Worth Trust Fund Staff considers this fee to be reasonable for the scope of
services to be provided
Kim Martin and Company is in compliance with the City's M/WBE Policy by committing
to 15 % M/WBE participation The City's goal on this project is 15
,;FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon the adoption of the attached
supplemental appropriations ordinance, funds required for this agreement will be available
in the current operating budget, as appropriated, of the General Fund Additional funds
required are currently available in the Lake Worth Trust Fund
MGf
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1)GGO1 444563 0134010 '20 000 00 APP
ROVED
Mike Groomer 6140 1)GG01 539120 0134010 20 000 00 lj' (~
1
®UN ~ ~~
Originating Department Head: 1 V j
FE
A. Douglas Rademaker 6157 (from) ~ 1 x i,~{
2)GGO1 539120 0134010 20 000 00
For Additional Information
2)FE70
539120
038001002000
$20 000 00 ~I ,
~ttJ ~/
Contact: City Secr~6err of (~
A. Douglas Rademaker 6157 CItT of Fort ~9or4lt, Texas
Printed on RecyGed Paper Adopted Ord~na-ice i~~,. ,~~~