HomeMy WebLinkAboutOrdinance 18001-03-2008Ordinance No. 18001-03-2008
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE WATER AND SEWER CAPITAL PROJECTS FUND IN THE AMOUNT OF
$100,000,000 FROM PROCEEDS FROM WATER AND SEWER REVENUE BONDS,
SERIES 2007, FOR THE PURPOSE OF FUNDING VARIOUS WATER AND SEWER
INFRASTRUCTURE PROJECTS; 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.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2007-2008 and
in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in
the Water and Sewer Capital Projects Fund in the amount of $100,000,000 from proceeds from Water
and Sewer Revenue Bonds, Series 2007 for the purpose of funding various water and sewer
infrastructure projects.
SECTION 2.
That 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. 17749 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ordinances and appropriations are hereby expressly repealed.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 upon adoption.
ADOPTED AND EFFECTIVE: March 4. 2008
C®ty of Forf l~o~Fe, 1"exas
Mayor and Council Communication
COUNCIL ACTION: Approved on 3/4/2008 -Ord. No. # 18001-03-2008
DATE: Tuesday, March 04, 2008
LOG NAME: 602007REVBONDS REFERENCE NO.: G-16074
SUBJECT:
Adopt Appropriation Ordinance to Appropriate $100,000,000.00 in Proceeds from Water and Sewer
Revenue Bonds, Series 2007 for Approved Water and Sewer Infrastructure Projects
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $100,000,000.00 in the Water and Sewer Capital Project Funds for approved
water and sewer infrastructure projects.
DISCUSSION:
On July 24, 2007, the City Council adopted Ordinance No. 17670 authorizing the issuance and sale of
revenue bonds, series 2007. The $100,000,000.00 will be allocated to projects where contracts have been
awarded by City Council under the commercial paper program. These projects include, but are not limited to
the following:
• Senders Ranch Pump Station and Storage Tank
• Walsh Ranch Water Main and Sanitary Sewer Extensions
• 54-Inch Water Main from White Settlement Road to Holly Treatment Plant
• Trinity Boulevard Water Main Extension from Green Belt Rd. to S.H. 360
• Northside II Pump Station and 48-Inch Water Main Extension
• Medical District Water Distribution System Improvements
• Riverside Wastewater Treatment Plant Site Cleanup
• 36-Inch Walnut Creek Sanitary Sewer Interceptor
• Lake Worth South Shore Low Pressure Sewer System
• Sanitary Sewer Main M244-A Village Creek Parallel Collector
• Thompson Road and Riverside North Area (Annexation A-00-02)
Improvements
Water and Sanitary Sewer
Approval of this action will release $100,000,000.00 in commercial paper authority for use in the funding of
future projects, in accordance with the commercial paper program.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available in the Water and Sewer Capital Projects Fund as a
result of the Water and Sewer Revenue, Series 2007 sale.
TO Fund/Account/Centers
P264 488104 601159990100
P264 488102 601159990100
$47,300,000.00
$37.550,000.00
FROM Fund/Account/Centers
Logname: 602007REVBONDS Page 1 of 2
P274 488102 701139990100 $12.450,000.00
P274 488104 701139990100 $2.700,000.00
P264 541200 601159990100 $84,850.000.00
P274 541200 701139990100 $15,150,000.00
Submitted for City Manager's Office b~ Fernando Costa (8476)
Originating Department Head: S. Frank Crumb (8207)
Additional Information Contact: Melissa Ramon (8245)
Logname: 602007REVBONDS Page 2 of 2