HomeMy WebLinkAboutOrdinance 18284-09-2008ORDINANCE N0.18284-09-2008
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, 2008, AND ENDING
SEPTEMBER 30, 2009, 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, 2008, and ending September 30, 2009, 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 $58,891,168.
SECTION 2.
That all appropriation ordinances approved by the City
Council effecting this budget for the ensuing fiscal year
beginning October 1, 2008, and ending September 30, 2009, are
hereby ratified and incorporated into the same.
-1-
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 12, 2008, 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 19th day of August, A.D. 2008, 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 following the commencement of the public hearings for
which provision has been made in the preceding section, this
-2-
ordinance shall be published two times, one of which publication
shall not be less than ten (10) days before the second reading and
final passage of the ordinance, in the official newspaper of the
City of Fort Worth, which newspaper is one of general circulation
in said City.
SECTION 6.
That this ordinance shall not be presented for final passage
until ten (10) full days have elapsed after its publication, as
provided by the Charter of said City.
SECTION 7.
That should any part, portion, section, or part of a section
of this ordinance be declared invalid or inoperative or void for
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 8.
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.
-3-
SECTION 9.
That 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:
~~~vJ,
City Attorney
Introduced on First Reading:
August 19, 2008
Adopted: September 16, 2008
-4-