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ORDINANCE NO ~~
AN ORDINANCE APPROPRIATING $93,212.19 IN THE GENERAL FUND,
NON-DEPARTMENTAL ACCOUNT, CONSULTANTS-FINANCE, AND
DECREASING THE GENERAL FUND UNRESERVED, UNDESIGNATED FUND
BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF PAYING FOR
FINANCIAL ADVISORY SERVICES, PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT
HEREWITH, PROVIDING FOR ENGROSSMENT AND ENROLLMENT; 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 1989-90 and in the Budget of the City Manager, there
shall also be increased appropriations in the General Fund, Non-Departmental
Account, Consultants-Finance, in the amount of $93,212.19, thereby decreasing
the General Fund unrestricted, undesignated fund balance by the same amount,
for the purpose of paying for the financial advisory services rendered in
connection with the authorization, sale and delivery of 5350,000,000 00
AllianceAirport Authority, Inc. Special Facility Revenue Bonds, Series 1990
{American Airlines, 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 10363 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of said prior ordinances and appropriations are hereby expressly repealed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
The City Secretary of the City of Fort Worth is hereby directed to engross and
enroll this ordinance by copying the caption and effective date into the
minutes of the City, Council and by filing this ordinance in the ordinance
records of the City of Fort Worth
F.
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SECTION 5
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 A5 TO FORM AND LEGALITY'
City Attorney
Date. 1 ~ ~ \ ~ !_G~ ~
Adopted ,,,~/J °~ ~ °' ~ ~ .
Effective• /f> -o~ ~ - 9~
MASER fILE•1 /7//''''~ ~ ~y //(7~/~, ~+
TRANSPORTATIDN~PUBLIC YI K8
V„4 [ER ADMINlSiRA710('d d
~"~~'' DATE REFERENCE SUBJECT PAYMENT TO FIRST SOUTHWEST PAGE
NUMBER
~f~~ 10-23-90 **G-8869 COMPANY FOR FINANCIAL ADVISORY )of 1 _.
AIRPORT AUTHORITY, INC. SPECIAL
FACILITY REVENUE BONDS, SERIES 1990
RECOMMENDATION:
It is recommended that the City Council:
(1) Adopt the attached supplemental appropriation ordinance increasing the
1989-90 appropriation in the General Fund Non-departmental Account, Con-
sultants-Finance by $93,212.19 and reducing the General Fund Undesigna-
ted, Unreserved Fund Balance by the same amount; and
(2) Authorize payment to First Southwest Company in the amount of $93,212.19
for financial advisory services rendered in connection with the authori-
zation, sale and delivery of $350,000,000 Alliance Airport Authority,
Inc. Special Facility Revenue Bonds, Series 1990 (American Airlines,
Project).
DISCUSSION:
Services of the City's financial advisor, First Southwest Company, were
required to assist in (1) structuring a financing package to enable the City
to compete in the location of the. American Airlines Maintenance Facility and
(2) advising the City on the authorization, sale and delivery of the
$350,000,000 bonds issued by the Alliance Airport Authority, Inc. to finance
the first phase of constructing the Maintenance Facility.
FINANCING:
Upon adoption of the attached supplemental appropriation ordinance, suffi-
cient funds will be available in the General Fund Non-Departmental Account,
Consultants-Finance to pay the $93,212.19 invoice which has been received
from First Southwest Company for the services described above. After the
appropriation of this .amount, the projected balance remaining in the General
Fund Undesignated, Unreserved Fund Balance at 9-30-90 will be $25,256,356.
MG:c
13bonds APPROVirD BY
CrTY CoUN~II~
OCT 23 1`390
~~~~
Sec=eta>:4 of the
City .h Texan
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SUBMITTED FOR IHt DISPOSITION BY COUNCIL. PROCESSED BY
CITY MANAGER'S APPROVED
OFFICE BY Mike Groomer 6122 ^
ORIGINATING 1 C OTHER (DESCRIBE)
DEPARTMENT HEADUUdSOn Bdl 1 ~ ff 0186 CITY SECRETARY
FOR ADDITIONAL IN OR TIO AdOp
CONTACT 5uc~s`bn `tai 1 i ff 8186 ted Ordinance No. ~ ~ DATE