HomeMy WebLinkAboutOrdinance 19979-11-2011Ordinance No. 19979-11-2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER CAPITAL PROJECTS FUND IN THE AMOUNT
OF $35,000,000.00 AND IN THE SEWER CAPITAL PROJECT FUND IN THE
AMOUNT OF $65,00,000.00, FROM THE PROCEEDS OF WATER AND SEWER
SYSTEM REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES 2011,
FOR THE PURPOSE OF FUNDING APPROVED WATER AND SEWER
INFRASTRUCTURE PROJECTS; PROVIDING FOR A SEVERABIL,ITY 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water
Capital Projects Fund in the amount of $35,000,000.00 and in the Sewer Capital Project Fund in the amount
of $65,000,000.00, from the proceeds of Water and Sewer System Revenue Refunding and Improvement
Bonds, Series 2011 for approved water and sewer infrastructure 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 No. 19911 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ordinances and appropriations are hereby expressly repealed.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 FORM AND LEGALITY:
Assistant ity Attorney -�
ADOPTED AND EFFECTIVE: November 15, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/1512011 - Ordinance No. 19979 -11 -2011
DATE: Tuesday, November 15, 2011
LOG NAME: 60REVENUE BONDS 2011
REFERENCE NO.: G -17451
SUBJECT:
Adopt Appropriation Ordinance to Appropriate $100,000,000.00 in Proceeds from Water and Sewer
System Revenue Bonds, Series 2011 for Approved Water and Sewer Infrastructure Projects (ALL
COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations in the Water Capital Projects Fund in the amount of $35,000,000.00 and in the
Sewer Capital Project Fund in the amount of $65,000,000.00, from the proceeds of Water and Sewer
System Revenue Refunding and Improvement Bonds, Series 2011 for approved Water and Sewer
Infrastructure Projects.
DISCUSSION:
On July 26, 2011, City Council adopted Ordinance No. 19801 -07 -2011 (M &C G- 17337) authorizing the
issuance and sale of Water and Sewer System Revenue Bonds, Series 2011. The $100,000,000.00 will
be allocated to projects where contracts have been awarded by City Council under the Commercial Paper
Program. These projects include, but are not limited to the following:
• Southside II Transmission Main, Part 2
• Hicks Industrial Park Water and Sewer Extension
• SH 121 T Water and Sanitary Wastewater Relocations Union Pacific Railroad Yard
• M -244B Emergency Sanitary Wastewater Rehabilitation, Part 2
• 24 inch Water Main SH114 and FM 156
• Water and Wastewater Improvements at Park Vista and Alliance Gateway Fwy
• Eagle Mountain Saginaw ISD - Offsite Wastewater Improvements
• Village Creek WWTP Secondary Area and Filter Rehab and Modifications
• Fort Worth Medical District Water and Wastewater Improvements
• Cultural District - Will Rogers Area Water and Wastewater Improvements
• Hulen to Como: 36 inch Water Main Extension
Approval of this action will release $100,000,000.00 in commercial paper authority for use in the funding of
future projects, in accordance with the Commercial Paper Program.
This project is located in ALL COUNCIL DISTRICTS.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon adoption of the attached appropriation
Logname: 60REVENUE BONDS 2011 Page 1 of 2
ordinance, funds will be available in the current capital budget, as appropriated, of the Water Capital
Projects Fund and the Sewer Capital Projects Fund.
FUND
CENTERS:
TO Fund /Account/Centers
P265
485111 601159990100
$35,000,000.00
P265
541200 601159990100
$35,000.000.00
P275
485111 701139990100
$65,000,000.00
P275
541200 701139990100
$65,000,000.00
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Logname: 60REVENUE BONDS 2011
FROM Fund /Account/Centers
Fernando Costa (8476)
S. Frank Crumb (8207)
Ben Carson (8820)
Melissa Ramon (8245)
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