HomeMy WebLinkAboutResolution 1449~;.:~ ~: `
A Resolution
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WHEREAS, the Dallas-fort Worth International Airport Board has recommended
that the City of Fort Worth approve the budget for this fiscal
year commencing October 1, 1989 .and appropriate the monies in the
amounts and for the purposes set forth in the Budget; and,
WHEREAS, the requirements are considered to be sufficient to maintain and
operate the Airport and meet the debt service requirements on all
outstanding bonds; and,
WHEREAS, it is anticipated that no City tax revenues will be required for
these purposes in the coming years.
NOW, THEREFORE, BE IT RESOLVED SY THE CITY COUNCIL OF THE CITY DF FORT WORTH,
TEXAS, that the operating budget of the Dallas-Fort Worth .International Airport
Board for the fiscal year beginning October 1, 1989, and ending September 30,
~ O, is hereby approved.
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BE IT FURTHER RESOLVED, that this resolution shall take effect immediately upon
its passage.
Passed this ~ day of~t~,(~ 1989.
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APPROVED BY
CITY COUNCIL
AS CORRECTED
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JUL 25 (989
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City See=etmy of the
City of Fort Womb, Te=tu
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7-6-89
RESOLUTION NO. 89-162
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WHEREAS, the Finance/Audit Committee has recommended that the Dallas-Fort Worth
International Airport Board approve the Anneal Budget for the riscal Year commencing
October 1, 1989, and appropriate ttie monies in the amounts and for the purposes set
forth below:
Estimated Commitments and Exoendtures
Operating Expenses j 81,700,000
Contingency Appropriation 1,800,000
Debt Service -Joint Revenue Bonds 104,739,398
Debt Service - Special Facility Bonds 32,954,973
Administrative Expenses -Special Facility Bonds 82,200
Capital Expenditures 105,279,370
$ 326,555,941
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WHEREAS, the above requirements are considered sufficient to improve, maintain, and
operate the .airport and meet the debt service requirements on all outstanding bonds; and
WHEREAS, it is anticipated that no City tax revenues will be required to operate and
maintain the Airport during Fiscal Year 1990. NOW, THEREFORE,
BE IT RESOLVED BY THE DALLAS-FORT WORTH INTERNATIONAL AIRPORT
BOARD:
SECTION 1. That the Annual Budget for Fiscal Year 1990 is hereby approved.
SECTION 2. That the above sums of money are he-=by appropriated for the purposes set
out in the preamble to this Resolution.
SECTION` 3. That the Executive Director is hereby authorized to execute and renew the
annual contracts effective on the dates, for the amounts, anc from the funds shown on
the attached exhibit.
SECTION 4. That the Executive Director is hereby authorized to notify the Cities of
Dallas and Fort Worth that it is anticipated that no City tax revenues will be required to
operate and maintain the Airport during Fiscal Year 1990.
APPROVED AS TO FOR'v4:
leg=_: Cqun e: to .he Board
SECTION 5. That this Resolution shall take effect immediately upon its passage.