HomeMy WebLinkAboutOrdinance 12004Ordinance No __~~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $31,200 00 FOR THE PURPOSE OF
FUNDING THE STARTUP COSTS OF THE CITY STORE; PROVIDING FOR A
SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH
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 1994-95 and in the Budget of the City Manager, there shall also be
increased estimated receipts and appropriations in the Special Trust Fund in the
amount of $31,200 00 for the purpose of funding the startup cost of the City
Store
SECTION 2
Should any portion, section or part of a section of this ordinance be declared
invalid, inoperative or void for any reason by a court of competent jurisdiction,
such decision, opinion or judgement shall in no way impair the remaining portions,
sections, or parts of sections of this ordinance, which said remaining provisions
shall be and remain in full force and effect
SECTION 3
That this ordinance shall be cumulative of Ordinance No 11645 and all other
ordinances and appropriations amending the same except in those instances where
the provisions of this ordinance are in direct conflict with such other ordinances
and appropriations, in which instance said conflicting provisions of said prior
ordinances and appropriations are hereby expressly repealed
SECTION 4
This ordinance shall take effect and be in full force and effect and after the
date of its passage, and it is so ordained
APPROVED AS TO FORM AND LEGALITY
n
' y ttorney - ~~_
Date
CfJ' O5 D
Adopted
Effective
City of Fort ifi~orth, Texas
Mayor and Council ~;crmmunication
D1~T$ REFERENCE NUMBER LOG NAME PAGE
06/20/95 G11131 13STORE 1 of 2
SUBJECT ~ APPROPRIATION OF FUNDS TO FINANCE THE CITY STORE ~
RECOMMENDATION•
It is recommended that the City Council
1 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations in the Special Trust Fund by 531,200 00 from increased revenues, and
2 Approve the expenditure of 531,200 00 in the Special Trust Fund for the purpose of
funding the startup costs of the City Store
DISCUSSION
The City Store is a retail enterprise that specializes in selling goods related to the City of Fort
Worth Revenues generated by the sale of these goods will be used to pay back the initial City
investment in the store and to provide a source of funds for employee recognition activities, such
as an annual picnic for all City employees The three principal categories of merchandise that ~~-
the City Store will carry include City surplus (provided by City departments), exclusive logo items
such as mugs and T-shirts that use either existing City logos or new ones developed by local
artists, and custom street name signs, made to order in the store
The City and the bookstore at Texas Christian University have been operating under an
arrangement by which the City sells the purple TCU street name signs to the bookstore, which
then resells them to students at the bookstore The signs have been made by the sign shop in
Transportation and Public Works Department, but with the opening of the City Store the
operation will be moved to the signmaking facility located in the store
The City Store will be located in what was Code Enforcement on the ground floor, south end of
City Hall The space has ample free parking nearby and has the added attraction of being rent
free and having minimal utility costs Further, the finish-out for the space, which is more than
large enough for the store's needs, can be capably done by City forces and thus avoid the higher
costs of private sector contractors
Startup costs for the City Store will be financed by funds originally generated by the old Snack
;.
Bar when it~was.on the Lower Level of City Hall The project budget is as follows
i 1 A i
.i ` ~v.f
Finish-out of City Hall space 57,500 00
Sign shop machine and materials 3,000 00
Point-of-sale system 2,000 00
Additional fixtures 4,700 00
Starting inventory=logo merchandise 14,000.00
Total startup budget 531,200 00
r:~ Printed on recycled paper
City of'Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
06/20/95 G11131 13STORE 2 of 2
SUBJECT APPROPRIATION OF FUNDS TO FINANCE THE CITY STORE
These funds are intended to be an interest free loan to the City Store which will be paid back out
of net income The payback can then be used for employee recognition activities as mentioned
above or ultimately for expansion to a second location should the City Store prove successful
enough for that eventuality
The City Store will open at the end of September, with a major marketing effort to begin in late
October and run through the Christmas shopping season
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon the adoption of the attached appropriations
ordinance, funds for this expenditure will be available in the Special Trust Fund
CB w
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to) O
(I)FE72
488100
013512001000
$31,200 0o APPR
VEQ
Charles Boswell 8500
(1)FE72
VARIOUS
013512001000
$31,200 00 CI TY COUNC IL
Originating Department Head: -
.~~ ~~ 995
Jim Keyes 8517 (from) I
~
(2)FE72 VARIOUS 013512001000 $31,200 00 3
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evreimry o
ity
tits
For Additional Information Citp of Fort Worth, 4bxas
Contact:
Jim Keyes 8517
•-'~ Printed on recycled paper