HomeMy WebLinkAboutOrdinance 12794ORDINANCE NO ~~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL PROJECTS FUND AND THE WILL
ROGERS IMPROVEMENTS FUND IN THE AMOUNT OF $625,298.33 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING THE LIVESTOCK
FACILTTY AND ARENA, PROVIDING FOR A SEVERABILTTY CLAUSE,
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND
REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWTTH, 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
Capital Projects Fund and the Will Rogers Improvements Fund in the amount of $625,298.33 from available funds
for the purpose of funding The Livestock Facility and Arena.
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 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 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and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant City Atto
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Date
ice- /~ -~ ~
Adopted
Effective
City of Fort Worth Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
11 /26/96 G-11689 20ARENA 1 of 2
SUBJECT I ADOPTION OF APPROPRIATION ORDINANCE AND FINAL PAYMENT, WILL ROGERS
LIVESTOCK ARENA
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations in the Capital Projects Reserve Fund and in the Will Rogers Improvements
Fund by 5625,298 33 from available funds, and
2 Authorize the transfer of 5625,298 33 from the Capital Projects Reserve Fund to the Will
Rogers Improvements Fund, and
3 Approve final payment in the amount of 536,722 36 to Buford Thompson Company
DISCUSSION
On June 8, 1993 (M&C G-10204), the City Council approved the sale of 55,000,000 in
Certificates of Obligation, Series 1993, for the construction of a new livestock facility and arena
at Will Rogers Memorial Complex The building project required the relocation of a portion of
Harley Street and the extension of W R Watt Blvd to connect with the new Harley alignment
The construction contract for the Harley Street relocation was awarded on May 31, 1994 (M&C
C-14320), and the contract for the Arena construction and Watt Blvd extension was awarded
December 13, 1994 (M&C C-14610) The building was substantially complete and was used
during the 1996 Livestock Show, however, completion of minor construction items has delayed
final payment until this time
The total cost of this project (design, construction, inspection, landscaping, light and signal
installations, etc) has exceeded the available funding by 5625,298 33 It is proposed to finance
this overrun through a transfer from the Capital Projects Reserve Fund
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Printed on Recyded Paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE
11 /26/96 REFERENCE NUMBER
G-11689 LOG NAME
20ARENA PAGE
2 of 2
SUBJECT ADOPTION OF APPROPRIATION ORDINANCE AND FINAL PAYMENT, WILL ROGERS
LIVESTOCK ARENA
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon approval of the above recommendations and
adoption of the attached appropriations ordinances, funds for this expenditure will be available
in the current capital budget, as appropriated, of the Will Rogers Improvements Fund The cash
balance in the Capital Projects Reserve Fund, after this transfer, will be 58,720,269
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u mate or rty anager s
Office by: (to)
(1) GC10 472001 013010001000 625,298
33 Y C~UN
Mike Groomer 6140 : CfT
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Originating Department Head: (1)&(2) GC66 541200 020660650070 625,298.33
(1) GC66 541200 020660650070 625,298.33 ~~~ ~~ 19Q~
Hugo A. Malanga 7800 (from)
For Additional Information (3) GC66 541200 020660650070 16,722.3 CIEy Secretary of tlt~
Contact: (3) GC66 205000, 000660650070 20,000.0 City Of FOZt Q{lorth, Te
Hugo A. Malanga 7800 '
Printed on Regcled Paper Adopted Ordnance No. ~~