HomeMy WebLinkAboutOrdinance 18382-12-2008Ordinance No. 18382-12-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CLEAN WATER STATE REVOLVING LOAN FUND
IN THE AMOUNT OF $33,560,000.00 FOR CLEAN WATER INFRASTRUCTURE;
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 2008-
2009 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Clean Water State Revolving Loan Fund in the amount of $33,560,000.00 for
clean water infrastructure.
SECTION 2.
That should any portion, section or part of a section of this ordinance be declared invalid,
imperative 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, ar parts of sections of this
ordinance, which said remaining provisions shall be and remain in full farce and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No. 18283 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 FORP~11 AND LEGALITY:
- --- _ __
As~~sfant City Attorney
lI>~~l'1}I) ~'~[) I-11 1 ~~1 l\ l_: I)~~tmh~~~ ~. ~~f~1~~
pity of Fort Worth, Texas
Mayor and council o~~unication
COUNCIL ACTIQN: Approved on 12/2/2008 -Ord. No. 18382-12-2008
DATE: Tuesday, December 02, 2008
L{3G NAME: 60SEWER SRF 07 REFERENCE NO.: G-16376
SUBJECT:
Adopt Appropriation Qrdinance for $33,560,000.00 from Texas Water Development Board's Glean
Water State Revolving Loan Fund
F2_EC{~MMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $33,560,000.00 in the Clean Water State Revolving C_aan Fund for Clean
Water Infrastructure.
DISCUSSIQN:
___
On October 24, 2006, {Resolution Nos. 3426 and 3427} the City Council authorized the filing of two
applications with the Texas Water Development Board. Resolution No. 3427 applied for loans up to
$33,560,000.00 under the Clean Water State Revolving Loan Fund to finance sewer system improvements
including the design and construction of Sanitary Sewer Main No. 402 A {Big Fossil Creek Parallel Relief},
East Fort Worth Reclaim Water Project, Sanitary Sewer Main No. 325 (Deer Greek Parallel Relief}, Sanitary
Sewer Main No. 257 (Middle and Upper Village Creek Parallel Relief}, and rehabilitation projects to
eliminate sanitary sewer overflows.
These funds came from the Texas Water Development Board's Series 2007A Water and Sewer
Subordinate Lien Revenue Bands.
From the Series 2007A proceeds, $609,583.00 will be used to pay for the Texas Water Development
Board's origination fees related to the bonds.
FISCA~_INFC?RMATIQN/CERTIFICATION:
The Financial Management Services Director certifies that funds are available in the Clean Water SRF 2007
Fund as a result of the Sewer Revenue Series 2007A sale.
TO Fund/Account/Centers
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FROM Fund/Account/Centers
Submitted for City Manager's Office by;
Originating Department Head:
Additional Information Contact:
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Fernando ~`osta 16122}
S. Frank Crumb i~207}
Ben Carscn ~ ~8~0
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