HomeMy WebLinkAboutOrdinance 23413-09-2018 Ordinance No.23413-09-2018
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE AMOUNT OF$4,638,878.00 IN THE SEWER IMPACT FEE FUND, FROM AVAILABLE
FUNDS, 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 2017-2018 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the amount
of $4,638,878.00 in the Sewer Impact Fee Fund, from available funds, 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 Ordinance 22928-09-2017 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said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVEC AS TO FORM AND LEGALITY: CITY SECRETARY -
ssistan ity A o a J. Ka s r
ADOPTED AND EFFECTIVE: September 25. 2018
City of Fort Worth, Texas
Mayor and Council Communication
N• Appy v r#d orl 812512018, - Qrdinanc NPs 23412.09-2018 and 23413-09-
"COO2018
DATE: Tuesday, September 25, 2018 REFERENCE NO.: **G-19382
LOG NAME: 60IMPACT 2018
SUBJECT:
Adopt Appropriation Ordinances Increasing Estimated Receipts and Appropriations in the Amount of
$10,144,037.00 in the Water Impact Fee Fund and in the Amount of$4,638,878.00 in the Sewer Impact
Fee Fund and Authorize Transfer in the Total Amount of$14,782,915.00 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 Impact Fee Fund in the amount of$10,144,037.00 and in the Sewer Impact Fee Fund in the
amount of$4,638,878.00 from impact fees; and
2. Authorize the transfer to the Water and Sewer Operating Fund in the total amount of
$14,782,915.00, $10,144,037.00 from the Water Impact Fee Fund and $4,638,878.00 from the
Sewer Impact Fee Fund for the purpose of paying debt associated with impact fee-eligible projects..
T
DISCUSSION:
During the retail cost of service studies for FY2018, 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 2018
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$14,782,915.00, $10,144,037.00 from Water Impact Fee revenue and
$4,638,878.00 from Sewer 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 2018 operating
budget, as appropriated, of the Water and Sewer Operating Fund and Water and Sewer Impact Fee
Funds. In the Water Impact Fee Fund, the current unappropriated revenue exists in the amount of
$18,466,425.15. After appropriation and transfer of$10,144,037.00 to the Water and Sewer Operating
Fund, the unappropriated revenue will be $8,322,388.15. In the Sewer Impact Fee Fund, the current
unappropriated revenue exists in the amount of$10,189,300.76. After appropriation and transfer of
Logname: 60IMPACT 2018 Page 1 of 2
$4,638,878.00 to the Water and Operating Sewer Fund, the unappropriated revenue will be
$5,550,422.76,
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # mount
ID ID Year Chartfield 2
FROM
Fund Department ccounj Project Program ctivity Budget Reference # Amount
ID ID Year Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Chris Harder (5020)
Additional Information Contact: Jan Hale (8438)
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