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HomeMy WebLinkAboutOrdinance 11860.t~+J 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 Capital Projects Reserve Fund in the amount of $2,038,500.00 for the purpose of transferring funds to the Library Improvement Fund and the East Regional Library AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CAPITAL PROJECTS RESERVE FUND IN THE AMOUNT OF $2,038,500 00 FOR THE PURPOSE OF TRANSFERRING FUNDS TO THE LIBRARY IMPROVEMENT FUND AND THE EAST REGIONAL LIBRARY, 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. 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY ORDINANCE NO /~(!Jv City Ai~drney ~ a~---{~~" `..~- ~ ~ Date / - ~/~ Adopted -~ ~s Effective City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 03/07/95 G10995 13ERL1B 1 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND TO THE LIBRARY IMPROVEMENT FUND AND THE EAST REGIONAL LIBRARY RECOMMENDATION. It is recommended that the City Council authorize the City Manager to 1 Adopt the attached appropriations ordnance increasing estimated receipts and appropriations in the Capital Projects Reserve Fund by $2,038,500 00 from increased revenue, and 2 Authorize the transfer of $1,675,000 00 from the Capital Projects Reserve Fund to the Library Improvement Fund, Centra! Library, and 3 Authorize the transfer of $363,500 00 from the Capital Projects Reserve Fund to the Library Improvement Fund, East Regional Library, and 4 Adopt the attached appropriations ordinance increasing estimated receipts and appropriations in the'Library Improvement Fund, Central Library, by $1,675,000 00, from increased revenue, and 5 Adopt the attached appropriations ordinance increasing estimated receipts and appropriations in the Library Improvement Fund, East Regional Library by $363,500 00, from increased revenue DISCUSSION On August 23, 1994, through M&C G-10781, the City Council adopted a policy to improve the Fort Worth Public Library System This policy provided a plan for the completion of the expansion project at Central Library and the design, construction and stocking of the East Regional Library through the use of funds from the Capital Project Reserve Fund The expansion project at Central includes the renovation of the lower level and the construction of the infrastructure necessary to finish out the first floor These two protects are known as Phase V The current estimated cost to complete Phase V is $1.,925,000 00 It is anticipated that $250,000 00 of this amount will be derived from private contribution Thus, the amount needed from the Capital Project Reserve Fund is S 1,675,000 00 •~~ Printed on recycled paper City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 03/07/95 G10995 13ERLIB 2 of 2 SUBJECT TRANSFER FROM CAPITAL PROJECTS RESERVE FUND TO THE LIBRARY IMPROVEMENT FUND AND THE EAST REGIONAL LIBRARY The design and construction of East Regional is being done through the use of 52,630,000 00 in bond funds However, these funds are not sufficient for the purchase of materials to stock the facility In order to begin the purchase of materials for the opening of this facility, funds in the amount of 5363,500 00 are needed 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 this expenditure will be available in the Capital Projects Reserve Fund The cash balance of the Capital Projects Reserve Fund after this transfer will be 54,187 470 CB a Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) GC10 48832 GC10 538070 013010001000 $2,038,500 Charles Boswell 8500 GC65 472010 APPROVED GC65 541200 020650112000 $1,675 000 ~ ' Originating Department Head: GC65 472010 CITY COU 6 ~CiL GC65 541200 084650114000 $ 363,500 MAR ~' ~~~ Jim Keyes 8517 (from) GC10 538070 013010001010 $2,038,500 ~ 4 For Additional Informafion Citq SeCrstasy of the City of Fort W©rth, ?ej[aa Contact: ]im Keyes 8517 =~~ Printed on recycled paper