HomeMy WebLinkAboutOrdinance 11533ORDINANCE NO L! ~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE
AMOUNT OF $11,800.00 FOR THE PURPOSE OF ACQUIRING 920
WOODARD STREET FROM THE ESTATE OF CLARA RANKIN,
DECREASED; 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 1993-
94 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 $11,800.00 for the purpose of acquiring 920
Woodard Street from the estate of Clara Rankin, decreased.
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. 11379 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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
H~~
City Attorney
Date
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Adopted
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Effective
City of Fort Worth, Texas
Mayor and Council Communication
NUMBER **Ir11400 NAME
04/05/94 30WOODAR 1 of 2
SUBJECT ACQUISITION OF 920 WOODARD STREET FROM THE ESTATE OF CLARA RANKIN,
DECEASED
RECOMMENDATION
It is recommended that the City Council
1 Approve the acquisition of 920 Woodard Street, and
2 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations by 515,000 00 in the Special Trust Fund, Awarded Assets, from•increased
revenue, and
3 Authorize the City Manager to transfer 515,000 00 from the Awarded Assets Project to
the Purchase of 920 Woodard Project in the Special Trust Fund, and
4 Authorize the City Manager to transfer 511,800 00 from the Capital Projects Reserve Fund
to the Special Trust Fund, and
5 Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations by 511,800 00 in the Special Trust Fund, Purchase of 920 Woodard, from
increased revenues
6 Find that 526,800 00 is just compensation for the property, and
7 Authorize the City Manager to accept the conveyance instrument
DISCUSSION
Grantors Marvin Rankin and Clara Mae Rydell, surviving heirs of the estate of Clara Rankin,
deceased
The City of Fort Worth entered into a lease purchase agreement March 1, 1988 to lease the
above-described property, and in the event of the owner's death, to purchase Lot 9, Block 2,
Valley View Addition for 515,000 plus 8% interest compounded daily until the date of closing ~
Clara Rankin died September 18, 1993 The City also agreed to reimburse the sellers 52,914 35
t,.~1l~ ..d~-x.
at closing~~for taxes the owner paid on the property during the time period of 1952-1986 This
is~tle`time period;where the City occupied the property without legal ownership The Department
of Law has advised the Department of Engineering that it is now necessary to purchase the
prope'r`'ty tb satisfy the City's contractual obligations
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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE LOG PAGE
NUMBER **Ir11400 NAME
04/05/94 30WOODAR 2 of 2
SUBJECT ACQUISITION OF 920 WOODARD STREET FROM THE ESTATE OF CLARA RANKIN,
DECEASED
The property is located in DISTRICT 2 (MAPSCO 62-Y) in the vicinity of the Police Department's
Calvert Street Training Facility
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon adoption of the attached appropriations
ordinances and approval and completion of recommendations 3 and 4, funds required for this
purchase will be available in the current capital budget of the Special Trust Fund The cash
balance in the Capital Projects Reserve Fund will be S2,620,454 00 after this transfer
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Oftice by: (to)
(2) FE72 488332
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(2) FE72 538070 035535000000 15,000.
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Mike Groomer 6140 7 7 NGI[
Originating Department Head:
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(5) FE72 541100 030535005000 11,800.
A. Douglas Rademaker 6157 rom) ~,~~ ~ ~j~ ,
(3) FE72 538070 035535000000 15,000.
For Additional Information (4) GC10 538070 013010001000 11,800. ~ ~ , ~, : _ t ,
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Contact: (6) FE72 541100 030535005000 26,800. (L~,~
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Adopted 0~ P 2>~C~ ~~~ ~~~