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HomeMy WebLinkAboutOrdinance 12236Ordinance No AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CAPITAL PROJECTS RESERVE FUND IN THE AMOUNT OF $205,000 00 AND IN THE SPECIALLY FUNDED CAPITAL PROJECTS FUND IN THE AMOUNT OF $205,000 00 THE PURPOSE OF FUNDING UTILITY IMPROVEMENTS AT THE FORT WORTH ZOO; 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 1995-96 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Capital Projects Reserve Fund in the amount of $205,000 00 and in the Specially Funded Capital Projects Fund in the amount of $205,000 00 for the purpose of funding utility improvements at the Fort Worth Zoo 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 12074 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained APPROVED AS TO FORM AND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 ~!S Assi tant City Attorney I0~~9G~ Date Adopted Effective City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 10/31 /95 G11284 13200 1 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND FOR UTILITY IMPROVEMENTS AT THE FORT WORTH ZOO 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 by 5205,000 00 from increased revenues, and 2 Authorize the transfer of 5205,000 00 from the Capital Projects Reserve Fund to the Specially Funded Capital Projects Fund, and 3. Adopt the attached appropriations ordinance increasing estimated receipts and appropriations in the Specially Funded Capital Projects Funds by 5205,000 00 from increased revenues DISCUSSION Section 8 04 of the City's contract with the Zoological Association states that the City will relocate or alter basic utilities to accommodate any construction or modifications at the Zoo The Zoological Association has three construction projects scheduled for the 1995-96 fiscal year that will require basic utility modifications A summary of each project, the utility modification cost to be paid by the City, and the construction cost to be paid by the Zoological Association appears below Project Utility Cost (City) Construction Cost (Zoological Association) Zoo Creek Cafe Texas Wild Exhibits Animal Hospital Total i .;tf ,~ .~ `, .~ i 9s ... Y ~ i i ~ ~ s f 5 50,000 00 105,000 00 50,000 00 5205,000 00 51,000,000 00 2,500,000 00 300,000 00 53,800,000 00 f City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 10/31 /95 G11284 13200 2 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND FOR UTILITY IMPROVEMENTS AT THE FORT WORTH 200 It is recommended that the City's utility modifications cost be paid out of the Capital Projects Reserve Fund These improvements meet City financial policy requirements of having a useful life of ten years or longer Upon completion of the construction projects, the improvements will become the property of the City and the Zoological Association will establish a maintenance endowment for 5 percent of the construction costs for each project Further, the Zoological Association is responsible for maintaining these improvements on a day-to-day basis FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that upon approval of the above recommendations and adoption of the attached appropriations ordinances, funds required for these improvements will be available in the current capital budget of the Specially Funded Capital Projects Fund The cash balance in the Capital Projects Reserve Fund after this transfer will be 54,420,649 70 CB a Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) (1)GC10 472040 013010001000 $205,000.00 Charles Boswell 8511 (1)GC10 538070 013010001000 $205,000.00 APPROVED Originating Department Head: (2)(3)GC35 472010 035081000000 $205,000.00 CI TY ~Ot { *'~~ e (3)GC35 539120 035081000000 $205,000 00 ` r uf V L Jim Keyes 8517 (from) UCT ~~ 1995 For Additional Information (2)GC10 538070 013010001000 $205,000 00 ~, , ~~/~ e+/I~~~J Contact: . tl~+-~f/ r ' ~ Debra Crumpton 8514 V or!!b 7 xaa ort tstly of F Adapted Ordinance No.