HomeMy WebLinkAboutOrdinance 11694ORDINANCE NO ~,~s2~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIALLY FUNDED CAPITAL
PROJECTS FUND IN THE AMOUNT OF $68,000 00 FOR THE
PURPOSE OF FUNDING THE PURCHASE OF A .251 ACRE PORTION
OF LOT 3A1A, BLOCK 1, RIVER PLAZA COMPLEX ADDITION, AND
LOT 3A1, BLOCK 1, RIVER PLAZA COMPLEX ADDITION, 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 Specially Funded Capital Projects Fund in the amount of $68,000 00 for the
purpose of funding the purchase of a .251 acre portion of Lot 3AlA, Block 1, River Plaza Complex
Addition, and Lot 3A1, Block 1, River Plaza Complex Addition from River Plaza North, Limited by
James R. Dunaway, Jr
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provisions of said prior ordinances and appropriations are hereby expressly repealed.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
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~ City Attorney
Date
/0-~-9
Adopted //
Effective
City~of Fort T~orth, Texas
Mayor and Council Communication
09/27/94
~' ~L-11453
30PLAZA ~ 1. of 2
5UBJSCT ACQUISITION OF A .251 ACRE PORTION OF LOT 3A1 A, BLOCK 1 ~ RIVER PLAZA
COMPLEX ADDITION, AND LOT 3A1, BLOCK 1, RIVER PLAZA COMPLEX ADDITION
FROM RIVER PLAZA NORTH, LIMITED BY JAMES R DUNAWAY, JR
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 $68,000 00 from increased revenue,
2 Approve the transfer of 568,000 00 from the Capital Projects Reserve Fund to the Specially
Funded Capital Projects Fund, and
3 Adopt the attached appropriations ordinance increasing estimated receipts and --
appropriations inthe Specially Funded Capital Projects Fund by 568,000 00 from increased `
revenue, and
4 Approve the acquisition of a .251 acre portion of Lot 3A1 A, Blo"ck 1, River Plaza Complex
Addition and all of Lot 3A1, Block 1, River Plaza Complex Addition, which is 1 73 acres
in size from River Plaza North, Limited, and
5. Find that a sum not to exceed 568,000.00 will be used to satisfy all past due taxes and
applicable closing costs, and
6 Authorize the City Manager to execute the necessary contracts with the landowners and
adjacent landowners to effectuate the acquisition of the property, after review and approval
by the City Attorney, and
7 Authorize the acceptance and recording of the appropriate deeds, after review and approval
by the City Attorney
DISCUSSION
The City Council was previously briefed on this proposed transaction in Executive Session, and
this recommended acquisition is consistent with the overall direction received from the Council
at that time
This property is located in DISTRICT 9 ~~~G~ RECORD
C~IY SECRETARY
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~~«~ Printed on recyded paper
City of Fort Worth, Texas
Mayor and Councir Communication
DATE R$FBRSNC$ N17MB13R LOG NAME PAGE
09/27/94 **L-11453 30PLAZA 2 of 2
S178J$CT ACQUISITION OF A .251 ACRE PORTION OF LOT 3A1A, BLOCK 1, RIVER PLAZA
COMPLEX ADDITION, AND LOT 3A1, BLOCK 1, RIVER PLAZA COMPLEX ADDITION
FROM RIVER PLAZA NORTH, LIMITED BY JAMES R DUNAWAY, JR
FISCAL INFORMATION/CERTIFICATION '
The Director of Fiscal Services certifies that upon adoption of the attached appropriations
ordinances and approval and completion of recommendation 2, funds required for this acquisition
will be available in the current capital budget of the Specially Funded Capital Projects Fund The
cash balance of the Capital Projects Reserve Fund after this transfer will be 56;031,303 00
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