HomeMy WebLinkAboutOrdinance 19356-09-2010Y
ORDINANCE NO 19356-09-2010
AN ORDINANCE SETTING FORTH AN ESTIMATE OF THE EXPENSE
OF THE GENERAL DEBT SERVICE FUND OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF FORT WORTH FOR THE ENSUING
FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND ENDING
SEPTEMBER 30 2011 AND APPROPRIATING MONEY FOR THE
GENERAL DEBT SERVICE FUND AND PURPOSE OF SUCH ESTIMATE
APPROPRIATING MONEY TO PAY INTEREST AND PRINCIPAL
SINKING FUND REQUIREMENT ON ALL OUTSTANDING GENERAL
INDEBTEDNESS PROVIDING FOR PUBLIC HEARINGS UPON THIS
ORDINANCE BEFORE THE ENTIRE CITY COUNCIL SITTING AS A
COMMITTEE OF THE WHOLE AND PROVIDING A SEVERABILITY
CLAUSE AND PROVIDING A SAVINGS CLAUSE FOR THE REPEAL
OF ALL ORDINANCES AND APPROPRIATIONS IN CONFLICT WITH
THE PROVISIONS OF THIS ORDINANCE AND PROVIDING FOR THE
PUBLICATION AND FINAL PASSAGE THEREOF
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH
TEXAS
SECTION 1
That the appropriation for the ensuing fiscal year beginning
October 1 2010 and ending September 30 2011 for General Debt
Service Fund for the purpose of paying interest and principal and
creating a sinking fund for all outstanding general indebtedness
be estimated as $65 431 892
SECTION 2
That all appropriation ordinances approved by the City
Council effecting this budget for the ensuing fiscal year
beginning October 1 2010 and ending September 30 2011 are
hereby ratified and incorporated into the same
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SECTION 3
That the distribution and division of the above named
appropriations be made in accordance with the budget of
expenditures submitted by the City Manager and as revised by the
City Council in accordance with the provisions of the City Charter
and adopted by the City Council which budget is made a part of
this ordinance by reference thereto and shall be considered in
connection with the expenditures of the above appropriations
SECTION 4
That on Tuesday August 10 2010, the City Manager presented
to the City Council his budget estimate that the City Council of
the City of Fort Worth shall sit as a committee of the whole in
the Council Chamber at the City Hall in the City of Fort Worth on
the 17th day of August A D 2010, at 10 00 o'clock A M to hear
any complaints suggestions, or observations that any citizen
taxpayer or party interested may desire to make with reference to
any or all of the provisions of this ordinance and that such
committee shall continue its deliberations from time to time and
day to day until the public has been given a full opportunity to
be heard
SECTION 5
That should any part, portion section or part of a section
of this ordinance be declared invalid or inoperative or void for
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any reason by a court of competent jurisdiction such decision,
opinion, or judgment shall in no way affect the remaining
portions parts sections, or parts of sections of this ordinance
which provisions shall be, remain, and continue to be in full
force and effect
SECTION 6
That all ordinances and appropriations for which provisions
have heretofore been made are hereby expressly repealed if in
conflict with the provisions of this ordinance
SECTION 7
That following the commencement of the public hearings for
which provision has been made in accordance with the preceding
section 4, this ordinance shall take effect and be in full force
and effect from and after the date of its passage and publication
as required by the Charter of the City of Fort Worth, and it is so
ordained
APPROVED AS TO FORM AND LEGALITY
City Attorney
Introduced on First Reading
August 17, 2010
Adopted September 21, 2010
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