HomeMy WebLinkAboutOrdinance 19912-09-2011ORDINANCE NO. 19912-09-2011
AN ORDINANCE SETTING FORTH AN ESTIMATE OF THE EXPENSE OF
THE GENERAL DEBT SERVICE FUND OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF FORT WORTH FOR THE ENSUING
FISCAL YEAR BEGINNING OCTOBER 1, 2011, AND ENDING
SEPTEMBER 30, 2012, AND APPROPRIATING MONEY FOR THE GENERAL
DEBT SERVICE FUND AND PURPOSE OF SUCH ESTIMATE;
APPROPRIATING MONEY TO PAY INTEREST AND PRINCIPAL SINKING
FUND REQUIREMENT ON ALL OUTSTANDING GENERAL
INDEBTEDNESS; PROVIDING FOR PUBLIC HEARINGS UPON THIS
ORDINANCE BEFORE THE ENTIRE CITY COUNCIL SITTING AS A
COMMITTEE OF THE WHOLE; AND PROVIDING A SEVERABILITY
CLAUSE; AND PROVIDING A SAVINGS CLAUSE FOR THE REPEAL OF
ALL ORDINANCES AND APPROPRIATIONS IN CONFLICT WITH THE
PROVISIONS OF THIS ORDINANCE; AND PROVIDING FOR THE
PUBLICATION AND FINAL PASSAGE THEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That the appropriation for the ensuing fiscal year beginning October 1, 2011, and ending
September 30, 2012, for General Debt Service Fund, for the purpose of paying interest and
principal and creating a sinking fund for all outstanding general indebtedness be estimated as
$61,782,297.
SECTION 2.
That all appropriation ordinances approved by the City Council effecting this budget for the
ensuing fiscal year beginning October 1, 2011, and ending September 30, 2012, are hereby ratified
and incorporated into the same.
SECTION 3.
That the distribution and division of the above named appropriations be made in accordance
with the budget of expenditures submitted by the City Manager and as revised by the City Council
in accordance with the provisions of the City Charter and adopted by the City Council, which
budget is made a part of this ordinance by reference thereto and shall be considered in connection
with the expenditures of the above appropriations.
SECTION 4.
That on Tuesday, August 9, 2011, the City Manager presented to the City Council his budget
estimate; that the City Council of the City of Fort Worth shall sit as a committee of the whole in the
Council Chamber at the City Hall in the City of Fort Worth on the 16th day of August, A.D. 2011,
at 10:00 o'clock A.M., to hear any complaints, suggestions, or observations that any citizen,
taxpayer, or party interested may desire to make with reference to any or all of the provisions of this
ordinance; and that such committee shall continue its deliberations from time to time and day to day
until the public has been given a full opportunity to be heard.
SECTION 5.
That should any part, portion, section, or part of a section of this ordinance be declared invalid or
inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion, or
judgment shall in no way affect the remaining portions, parts, sections, or parts of sections of this
ordinance, which provisions shall be, remain, and continue to be in full force and effect.
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SECTION 6.
That all ordinances and appropriations for which provisions have heretofore been made are
hereby expressly repealed if in conflict with the provisions of this ordinance.
SECTION 7.
That following the commencement of the public hearings for which provision has been made
in accordance with the preceding section 4, this ordinance shall take effect and be in full force and
effect from and after the date of its passage and publication as required by the Charter of the City of
Fort Worth, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Introduced on First Reading:
August 16, 2011
Adopted: September 20, 2011
Effective:
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