HomeMy WebLinkAboutOrdinance 22918-09-2017 Ordinance No. 22918-09-2017
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE AMOUNT OF $4,206,967.00 IN THE WATER CAPITAL PROJECTS CLOSED FUND,
FROM IMPACT FEES, FOR PAYING DEBT ASSOCIATED WITH IMPACT FEE-ELIGIBLE
PROJECTS; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE
CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL 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 2016-2017 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the amount
of $4,206,967.00 in the Water Capital Projects Closed Fund, from impact fees, for paying debt associated
with impact fee-eligible 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 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hereby expressly repealed.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: CITY SECRETARY
[Douglas 1114R,
rl�h„L-�QG2 - jr,.�►,,��� M ry J. Kayser
Sr. Assistant City A r ey U
ADOPTED AND EFFECTIVE: September 26, 2017
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/26/2017 -Ordinance Nos. 22918-09-2017,&22919-ty w
2017
DATE: Tuesday, September 26, 2017 REFERENCE NO.: **G-19113
LOG NAME: 60IMPACT 2017
SUBJECT:
Adopt Appropriation Ordinances Increasing Estimated Receipts and Appropriations in the Amount of
$4,206,967.00 in the Water Capital Projects Closed Fund and in the Amount of$2,838,453.00 in the Sewer
Capital Projects Closed Fund and Authorize Transfer in the Total Amount of$7,045,420.00 to the Water
and Sewer Operating Fund for the Purpose of Paying Debt Associated with Impact Fee-Eligible Projects
(ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinances increasing estimated receipts and appropriations in the
Water Capital Projects Closed Fund in the amount of$4,206,967.00 and in the Sewer Capital Projects
Closed Fund in the amount of$2,838,453.00 from impact fees; and
2. Authorize the transfer to the Water and Sewer Operating Fund in the total amount of$7,045,420.00,
$4,206,967.00 from the Water Capital Projects Closed Fund and $2,838,453.00 from the Sewer Capital
Projects Closed Fund for the purpose of paying debt associated with impact fee-eligible projects.
DISCUSSION:
During the retail cost of service studies for FY2017, it was determined that the use of impact fee revenues
could lower the amount of water and sewer service revenue required to balance Fiscal Year 2017
budgeted revenues and expenditures. While Section 35-70.9 (b) of the City Code, "Use of proceeds of
impact fee accounts," prohibits the use of impact fees for operating expenses, those proceeds can be
used to pay principal and interest on debt associated with projects eligible to be funded by impact fees.
This transfer of the total amount of$7,045,420.00, $4,206,967.00 from Water Impact Fee revenue and
$2,838,453.00 from Wastewater Impact Fee revenue, to the Water and Sewer Operating Fund will be
used to pay principal and interest on existing revenue bonds used to fund impact fee-eligible projects.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinances, funds will be available in the current Fiscal Year 2017 operating
budget, as appropriated, of the Water and Sewer Fund and Water and Sewer Capital Projects Closed
Funds. In the Water Capital Projects Closed Fund, the current unappropriated revenue exists in the
Logname: 60IMPACT 2017 Page 1 of 2
amount of$9,807,156.08. After appropriation and transfer of$4,206,967.00 to the Water and Sewer Fund,
the unappropriated revenue will be $5,600,189.08. In the Sewer Capital Projects Closed Fund, the current
unappropriated revenue exists in the amount of$6,989,507.40. After appropriation and transfer of
$2,838,453.00 to the Water and Sewer Fund, the unappropriated revenue will be $4,151,054.40.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project JPrograrn ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Kara Shuror (8819)
Additional Information Contact: Jan Hale (8438)
Logname: 60IMPACT 2017 Page 2 of 2