HomeMy WebLinkAboutOrdinance 19529-01-2011Ordinance No. 19529-01-2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE TRANSPORTATION UTILITY FUND IN THE AMOUNT OF $1,500,000.00, FROM
AVAILABLE FUNDS, FOR THE PURPOSE OF PROVIDING INTERIM FINANCING OF
PROJECT COSTS ASSOCIATED WITH DEVELOPMENT OF A TRANSPORTATION
UTILITY; 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 2010-2011 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Transportation Utility Fund in the amount of $1,500,000.00, from available funds, for the purpose of
providing interim financing of project costs associated with development of a transportation utility.
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 No.19355 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ordinances and appropriations are hereby expressly repealed.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.
APPRO D AS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED AND EFFECTIVE: January 25, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCILACTION: Approved on 1/25/2011 -Ordinance No. 19529-0'1~-2011
DATE: Tuesday, January 25, 2011
REFERENCE NO.: G-17184
LOG NAME: 06TRANSPORTATION UTILITY
SUBJECT:
Authorize an Inter-Fund Loan in the Amount of $1,500,000.00 from the General Fund for Interim Financing
of Transportation Utility Project Costs, Authorize the Transfer of $1,500,000.00 from the General Fund to
the Transportation Utility Fund and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize anon-interest bearing inter-fund loan from the General Fund to the Transportation Utility
Fund of $1,500,000.00 for interim financing of the project costs associated with development of a
transportation utility; and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Transportation Utility Fund by $1,500,000.00.
DISCUSSION:
On December 7, 2010, the City Council adopted a resolution directing staff to develop a transportation
utility fee, modify the existing billing system or create supplemental systems such that the proposed fee
may be collected monthly via the City's utility bill, and draft an accompanying ordinance for City Council
consideration (Resolution No. 3941-12-2010). Staff has estimated the cost of developing a transportation
utility fee through project implementation at $1,500,000.00, as detailed below:
TASK
Utility Rate Analysis
Outside Legal Support
Technical Support
Staff, Training Space and Equipment
Public Outreach
Contingency
PLANNING LEVEL BUDGET
$ 25,000.00
$ 15,000.00
$310,000.00
$485,000.00
$310,000.00
$355,000.00
Approval of this M&C will authorize an inter-fund load for project expenditures to be repaid from the
transportation utility fund, not more than two years after fee collection commences. Full repayment is
expected by September 2013 according to the current project schedule.
Staff intends to bring forward specific professional service agreements for Council consideration in the
spring to support program development.
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FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the Transportation Utility Fund.
FUND CENTERS:
TO Fund/Account/Centers
PE63 222001 0000000
PE63 421350 0069000
PE63 5VARIOUS 0069000
FROM Fund/Account/Centers
$1,500,000.00 GG01 137063 0000000
$1, 500, 000.00
$1, 500, 000.00
CERTIFICATIONS:
Submitted for City Manager's Office b~
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
Randle Harwood (6101)
Katherine Beck (7918)
$1,500,000.00
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