Loading...
HomeMy WebLinkAboutOrdinance 11914,.- Ordinance No AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $616,791 37 FOR THE PURPOSE OF FUNDING CONTRACT AMENDMENT WITH FEDERAL AVIATION ADMINISTRATION FOR ALLIANCE AIRPORT; 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 1994-95 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 $616,791 37 for the purpose of funding contract amendement with Federal Aviation Administration for Alliance Airport 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained APPROVED AS TO~FORM1AND LEGALITY 1 `~ /ivd~' City Atto ey ~~ y/s~s- Date ~-11-~/~ Adopted Effective City of Fort Worth, Texas ~ Mayor and Council Comrtmunication DATE REFERENCE NUMBER LOG NAME PAGE 04/1 1 /95 C-14763 55AMEND 1 of 2 SUBJECT AMENDMENT NUMBER THREE TO THE FEDERAL AVIATION ADMINISTRATION GRANT AGREEMENT FOR PROJECT NUMBER 3-48-0296-02-89 AT FORT WORTH ALLIANCE AIRPORT RECOMMENDATION It is recommended that the City Council 1 Authorize the City Manager to execute Amendment Number Three to the Grant Agreement for Project Number 3-48-0296-02-89 increasing the grant from 521,551,1 19 34 to 522,051,119 34, and 2 Accept 5500,000 of grant reimbursement from the Federal Aviation Administration (FAA), and 3 Authorize an increase in the City's ten percent (10%) in-kind land match by 5116,791 37 from 52,333,333 00 to 52,450,124 37, and 4 Adopt the attached appropriations ordinance increasing estimated receipt and appropriations in the Grants Fund by 5616,791 37 from increased revenues, and 5 Adopt the attached appropriations ordinance increasing estimated receipts and appropriation in Aviation Improvements Fund by 5175,815 69 from increased revenues DISCUSSION Reimbursement to the City for the second FAA grant for the construction of Alliance Airport reached $21,000,000 (100% of the grant award) on June 26, 1991 The FAA subsequently approved reimbursement of invoices submitted for 1 15% of the original grant amount. These costs overruns will be reimbursed by installments as funds become available The first ini;tallment on the 15% overrun arrived on November 16, 1993, for 5551,1 19 34 An additional 5500,000 is available for this project at this time After receipt of this reimbursement installment, the balance owed to the City by the FAA is 52,098,880 66 The City's ten percent In-Kind Land Match will increase as the FAA grant reimbursement increases The total value of donated land that the City will declare as match for this project will reach 52,683,333 33 when the FAA reimbursement reaches. 524,150,000 00 In order to close out two other FAA grants that has been completed, excess revenue of. 5175,815 69 from those completed grants has been returned to the Aviation Improvement Fund t-1~ Printed on recycled paper City of Fort Worth, Texas Mayor and Council Communication DATE 04/1 1 /95 REFERENCE NUMBER C-14763 LOG NAME 55AMEND PAGE 2 of 2 SUBJECT AMENDMENT NUMBER THREE TO THE FEDERAL AVIATION ADMINISTRATION GRANT AGREEMENT FOR PROJECT NUMBER 3-48-0296-02-89 AT FORT WORTH ALLIANCE AIRPORT FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that no additional City funds will project RG a be needed for this Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) (2)(4)GR76 451866 oss2186o1000 $soo,ooo.oo APPROVED Ramon Guajardo 6109 (3)(4)GR76 488199 055218601000 $116,791.37. CITY COUNC L Originating Department Head: (4) GR76 53IX}OIX 055218601X3CC $616,791.37 I (5) GC24 472076 055240439010 $175,815.69 l~ ~~Q~ (5) GC24 541200 055240439010 $175,815.69. A.M. Rivera 5403 (from) ~,~ '" , i~~~~ ~ llNSr~~ry of tho City of Fort Worth, Texas For Additional Information Contact: Michael Brannan 5406 -~~ Printed on recycled paper