HomeMy WebLinkAboutOrdinance 12051f .,
Ordinance No /Q~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE WATER CAPITAL PROJECTS FUND IN THE AMOUNT OF $18,700 00 FOR THE
PURPOSE OF FUNDING INFRASTRUCTURE IMPROVEMENTS PERTAINING TO THE ROCK
ISLAND HOUSING PROJECT; 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 Water Capital Projects Fund
in the amount of $18,700 00 for the purpose of funding infrastructure improvements
pertaining to the Rock Island Housing Project
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ordinances and appropriations are hereby expressly repealed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
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Date
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Adopted
Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE
NAME
07/25/95 G11175 13ROCK 1 of 2
SIIBJECT FUNDS FOR INFRASTRUCTURE IMPROVEMENTS PERTAINING TO THE ROCK ISLAND
HOUSING PROJECT
RECOMMENDATION
It is recommended that the City Council
1 Authorize the City Manager to transfer 533,700 00 from the Water and Sewer Operating
Fund to the Water Capital Projects Fund in the amount of 518,700 00 and Sewer Capital
Projects Fund in the amount of 515,000 00; and
2 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations in the Water Capital Projects Fund in the amount of 518,700 00 and the
Sewer Capital Projects Fund in the amount of 515,000 00 from increased revenue, and
3 Authorize the City Manager to participate in the Rock Island Housing Development
providing infrastructure improvements for the project not to exceed 51,475,050 00
DISCUSSION
A 175 unit multi-income rental housing development is being planned for the eastern edge of
Downtown Fort Worth The developers of this project have sought funding from the City of Fort
Worth for infrastructure improvements in the area of the development This funding is to come
from various sources including CDBG Funds, New Development Funds, Water Rehabilitation
Funds and the General Fund (see attached budget)
Year XXI CDBG funds in the amount of 5500,000 have already been appropriated and assigned
for use toward this project Contract Street Maintenance Funds from the General Fund will be
available for street maintenance when the project is underway Funds for street, water and
sewer infrastructure improvements will be provided from the Water and Sewer Capital Projects
Funds, the Light and Signal Fund, and the Street Improvements Fund
On June 27, 1995 (M&C G-11143), the City Council adopted a policy for the utilization of
surplus bond .funds, including the allocation of 51,000,000 for facilities in developing areas
Funding in the amount of 5543,775 for street improvements in the Rock Island Housing Project
is being taken from this source, leaving a balance of 5456,225 No City funding will be utilized
until all project financing is in place
City of Fort Worth, Texas
Mayor and Council Communication
DATE
07/25/95 RSFSRSNCS NUMBSR
G-11175 LOG HAMS
13ROCK PAGE
2 of 2
3UBJSCT FUNDS FOR INFRASTRUCTURE IMPROVEMENTS PERTAINING
HOUSING PROJECT TO THE ROCK ISLAND
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that funds needed to provide these infrastructure
improvements are available in the current capital budgets, as appropriated, of the Street
Improvements Fund, the Light and Signal Fund, and upon approval and completion of
recommendation 2, and the adoption of the attached appropriations ordinance, funds required
for the construction phase of the water and sewer facilities will be available in the current capital
budget of the Water and Sewer Capital Projects Funds
CB k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1,2) PW53 472045 060530174160 $18,700.00 • -• „:;,, ,.,,~ ~-~.- ,.
Charles Boswell 8500 1,2) PS58 472045 070580173590 $15,000.00
Originating Department Head: 20) PW53 541200 060530174160 $18,700.00 ~
20) PS58 541200 070580173590 $15,000.00 j
Jim Keyes 8517 (from)
3) GS21 541200 020211362010 $543 775.00 `~~'~ a
For Additional Information 3) GS89 541200 020890321380 $300,00.00 0 ~ ~
1) PEAS 538070 0609020 $18,700.00 ~ - ~~ o'f~
1) PF.45 538070 070920 $15,000.00 ~
Contact: 3) PW53 541200 060530174160 $18,700.00
Jim Keyes 8517 3) PS58 541200 070580173590 $15,000.00
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