HomeMy WebLinkAboutOrdinance 18046-04-2008Ordinance No. 18046-04-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE AMOUNT OF $53,435,000 IN THE STREET IMPROVEMENTS FUND, $8,000,000 IN
THE STREET LIGHT & SIGNAL IMPROVEMENT FUND, $8,670,000 IN THE NEW
DEVELOPMENT FUND, $400,000 IN THE LIBRARY IMPROVEMENT FUND,
$15,000,000 IN THE PARK IMPROVEMENT FUND, $12,635,000 IN THE FIRE
IMPROVEMENT FUND, $1,195,000 IN THE ITS IMPROVEMENT FUND, AND $665,000
IN THE ANIMAL SHELTER IMPROVEMENT FUND FROM THE SALE OF GENERAL
PURPOSE BONDS, SERIES 2007A FOR THE PURPOSE OF FUNDING CAPITAL
IMPROVEMENT PROGRAMS; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING
THIS ORDINANCE CUMULATIVE OF 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 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
amount of $53,435,000 in the Street Improvements Fund, $8,000,000 in the Street Light & Signal
Improvement Fund, $8,670,000 in the New Development Fund, $400,000 in the Library Improvement Fund,
$15,000,000 in the Park Improvement Fund, $12,635,000 in the Fire Improvement Fund, $1,195,000 in the
ITS Improvement Fund, and $665,000 in the Animal Shelter Improvement Fund from the sale of General
Purpose Bonds, Series 2007A for the purpose of funding Capital Improvement Programs.
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ordinances and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY:
Assistant City Attorn
ADOPTED AND EFFECTIVE: April 8, 2008
City ®f kart I~/®r~h, 1"exas
Mayor and Council Communication
COUNCIL ACTION: Approved on 4/8/2008 -Ord. IVo. # 18046-04-2008
DATE: Tuesday, April 08, 2008
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations in the amount of $100,000,000 from the sale of General Purpose Bonds,
Series 2007A, for the purpose of funding 2004 Bond Program projects as follows:
Proposition 1 -Streets and Storm Sewer Improvements $70,105,000.00
Proposition 2 -Parks, Recreation and Community Services Improvements $15,000,000.00
Proposition 3 -Library System Improvements $400,000.00
Proposition 4 -Fire Safety Improvements $12,635,000.00
Proposition 5 -Telecommunications System Improvements $1,195,000.00
Proposition 6 -Public Health Facilities Improvements $665,000.00
Total 2007A Series $100,000,000.00
DISCUSSION:
In February 2004, asix-year, $273,500,000 bond program was approved by voters. On March 30, 2004,
(M&C C-20014) the City Council authorized $125,000,000 in commercial paper authority to be used as
interim funding for the 2004 bond program and to show immediate benefits to the citizens who approved the
bond program.
Subsequently, the City Council authorized the sale of General Purpose Bonds to fund capital projects
authorized for the 2004 Bond Program. Proceeds from the band sale of $100,000,000 were received on
September 20, 2007, and will be used to construct projects identified in the 2004 Bond Election.
Of the $100,000,000 in proceeds, $67,000,000 will make available previously appropriated authority of the
Commercial Paper Program for use on future 2004 bond projects as needed.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that as a result of the sales of General Purpose Bonds and the adoption of
the attached appropriation ordinance, funds will be available in the current capital budgets, as appropriated,
of the Street Improvements Fund, the Street Light and Signal Improvements Fund, the New Development
Fund, the Library Improvements Fund, the Park Improvements Fund, the Fire Improvements Fund, the ITS
Improvements Fund and the Animal Shelter Fund.
TO Fund/Account/Centers FROM Fund/Account/Centers
Logname: 03GPBONDS2007A Page 1 of 3
C200 485237 031990000100 $35,935,000.00
C200 485237 201239990100 $7,400.000.00
C200 485237 201279990100 X450,000.00
C200 485237 201289990100 $1.600.000.00
C200 485237 201369990100 $228,500.00
C200 485237 201379990100 $640,000.00
C200 485237 201409990100 $7.181.500.00
C201 485237 031990000100 X6,550,000.00
C201 485237 201719990100 $760,000.00
C201 485237 201729990100 $690,000.00
C202 485237 031990000100 $6.900,000.00
C202 485237 171779990100 $1.770,000.00
C280 485237 031990000100 $6,380.000.00
C280 485237 801429990100 $500,000.00
C280 485237 801459990100 $4.786,000.00
C280 485237 801479990100 $960.300.00
C280 485237 801489990100 $591,708.00
C280 485237 801499990100 $549,428.00
C280 485237 801589990100 $1.232,564.00
C230 485237 031990000100 $400.000.00
C235 485237 031990000100 X10.370.000.00
6235. 485237 039980013730 7 500.00
C235 485237 039980013780 $39,500.00
C235 485237 031989990100 $106,000.00
C235 485237 361119990100 $1.612,000.00
C235 485237 361129990100 $500.000.00
P250 485237 031990000100 ~ $175,000.00
P250 485237 041019990100 $1,020,000.00
C225 485237 031990000100 $215,000.00
C225 485237 201979990100 $450,000.00
C200 541200 031990000100 $35,935,000.00
C200 541200 201239990100 $7,400.000.00
C200 541200 201279990100 $450,000.00
C200 541200 201289990100 $1,600,000.00
C200 541200 201369990100 $228.500.00
C200 541200 201379990100 X640,000.00
C200 541200 201409990100 $7,181,500.00
C201 541200 031990000100 $6.550,000.00
C201 541200 201719990100 $760,000.00
Logname: 03GPBONDS2007A Page 2 of 3
C201 541200 201729990100 $690,000.00
C202 541200 031990000100 $6.900.000.00
G202 541200 171779990100 $1,770.000.00
C280 541200 031990000100 $6.380.000.00
C280 541200 801429990100 $500.000.00
C280 541200 801459990100 $4.786.000.00
C280 541200 801479990100 $960,300.00
C280 541200 801489990100 $591.708.00
C280 541200 801499990100 $549,428.00
C280 541200 801589990100 $1,232,564.00
C230 541200 031990000100 $400,000.00
C235 541200 031990000100 $10,370,000.00
C235 531200 039980013730 7 500.00
C235 541200 039980013780 $39.500.00
C235 541200 031989990100 $106,000.00
C235 541200 361119990100 $1.612,000.00
C235 541200 361129990100 $500,000.00
P250 541200 031990000100 $175.000.00
P250 541200 041019990100 $1,020,000.00
C225 541200 031990000100 $215.000.00
C225 541200 201979990100 $450,000.00
Submitted for City Manager's Office by_ Karen Montgomery (6222)
Originating Department Head: Lena Ellis (8517)
Additional Information Contact: Sandy Oliver (7313)
Logname: 03GPBONDS2007A Page 3 of 3