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ORDINANCE N0.
AN ORDINANCE APPROPRIATING THE TOTAL SUM OF $978,000
FROM SPECIAL REVENUE FUND N0. 3 TO CERTAIN INFORMATION
SYSTEMS AND SERVICES DEPARTMENT AND POLICE DEPARTMENT
ACCOUNTS WITHIN THAT FUND; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDI-
NANCES; REPEALING ALL PRIOR ORDINANCES IN CONFLICT HERE-
WITH; PROVIDING AN EFFECTIVE DATE; AND PROVIDING FOR
ENGROSSMENT AND ENROLLMENT OF THIS ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FOP.T
WORTH, TEXAS
SECTION 1.
That there is hereby appropriated from Special Revenue
Fund No. 3, Project 001001-00, Public Property Finance, Series
1987, the total sum of $978,000, to the following departments
and account numbers, which accounts have been established in
Special Revenue Fund No. 3, for the purpose of paying contrac-
tual obligations incurred in connection with acquisition of equip-
ment by the departments, to wit
Department Account No Amount
Information Systems and 04-20-00 $123,447
Services
Police CID 35-41-00 114,852
Police SID 35-42-00 103,572.
Police SOD 35-44-00 423,517
Police Special Services 35-32-00 212,612
Total $978,000
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
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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.
This ordinance shall be cumulative of all other ordinances and
appropriations except in those instances where the provisions of
this ordinance are_in direct conflict with such other ordinances
and appropriations, in which instances said conflicting provisions
are hereby expressly repealed.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
in the minutes of the City Council and by filing the ordinance
in the ordinance records of the City
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 AS TO FORM AND LEGALITY
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City of Fort Worth, ?exas
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oArE ~ REFERENCE sua,6cr ACCOUNTING FOR PUBLIC PROPERTY PAGE
sreprin,~„ NUMBER FINANCE CONTRACTUAL OBLIGATIONS, 1 of 2
8-25-87 G 7201 CCD TCC 7 AO'f
Recommendation:
It is recommended that the City Council:
1) Approve the establishment of anew Special Revenue Fund to account for the
proceeds of the sale of the Public Property Finance Contractual
Obligations, Series 1987,
2) Recognize revenues of $978,000 from the proceeds of the sale and adopt the
attached appropriations ordinance appropriating the $978,000 in Special
Revenue Fund #3, Project #001001-00 Public Property Finance, Series 1987,
Information Systems and Service Department, Account #04-20-00 in the
amount of $123,447; Police Department, CID Account #35-41-00 in the amount
of $114,852; Police Department, SID Account #35-42-00 in the amount of
$103,572; Police Department, SOD Account #35-44-00 in the amount of
$423,517; and the Police Department, Special Services Account #35-32-00 in
the amount of $212,612, and
3) Authorize the expenditure of the $978,000 in accordance with the Private
Placement Memorandum approved by Council Resolution on M&C G-7146, July
14, 1987.
Background
On M&C G-7145, approved July 14, 1987, City Council authorized the issuance of
City of Fort Worth Public Property Finance Contractual Obligations, Series 1987
in the amount of $978,000 for the purpose of providing funds to pay all or a
portion of contractual obligations to be incurred in connection with the
acquisition of personal property. Specifically, the proceeds of the Public
Property Finance Contractual Obligations will be sufficient (i) to provide
funds for the purchase of seventy-four undercover vehicles for the Police
Department (ii) to provide funds for the purchase lof a disk operating system
for Informations Systems and Service and (iii) to pay certain costs related to
the issuance of the Contractual Obligations.
The Contractual Obligations are direct obligations of the City and are payable
solely from and secured by an ad valorem tax levied against all taxable
property therein, within limits as prescribed by law. As such, these
Obligations will be recorded in the City's existing Long-Term Debt Account
Group Account.
The funds necessary for the payoff of these Contractual Obligations will come
from the budgets of the departments receiving the purchased equipment. Funds
previously budgeted for lease-purchase of this equipment will be transferred to
debt service. ~
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DATE REFERENCE SUBJECT ACCOUNTING FOR PUBLIC PROPERTY PAGE
NUMBER FINANCE CONTRACTUAL OBLIGATIONS, 2_of 2
8- -87 G- ~
The purchase of these vehicles and computer equipment, as well as the revenue
(bond proceeds) will be recorded in the Special Revenue Fund. The expenditures
for debt service will be handled consistent with current practice.
For Financial Reporting purposes this fund will be reported as a Special
Revenue Fund and not combined with the General Fund.
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APPROWED BY
CITY COUNCIL
AUG ~~ t9a~
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pity Secxetaxy of the
City of Fort Worth, Texa$
SUBMITTED FORT
CITY MANAGER'S DISPOSITION BY COUNCIL. PROCESSED BY
OFFICE BY ^ APPROVED
ORIGINATING ^ OTHER (DESCRIBE)
DEPARTMENT HEAD A . J . Bailiff ~ CITY SECRETARY
FOR ADDITIONAL INFORMATION c ~~~ O~~;nance No,
DATE
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