HomeMy WebLinkAboutOrdinance 23854-09-2019 Ordinance No.23854-09-2019
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER & SEWER FUND, IN THE AMOUNT UP TO $550,000.00, FROM AVAILABLE
FUNDS, FOR THE PURPOSE OF THE SALE OF PLATTED LAKE WORTH LOTS;
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 2018-2019 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water
& Sewer Fund in the amount up to $550,000.00, from available funds, to provide the Sale of Platted Lake
Worth Lots.
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 23392-09-2018 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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRET Y
"Assistant Ci ttorn Mary J. Ka r
ADOPTED AND EFFECTIVE: September 24, 2019
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/24/19 M&C FILE NUMBER: M&C 19-0196
LOG NAME: 602019 WTRANSFER LAKEWORTH LOT SALE REVENUES
SUBJECT
Authorize Acceptance of Funds from the Sale of Platted Lake Worth Lots in the Amount up to$550,000.00,Authorize the Transfer from the Water
and Sewer Fund in an Amount up to$550,000.00 from Available Funds to the Water and Sewer Capital Projects Fund and Adopt Appropriation
Ordinances(COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommeded that the City Council:
1. Accept funds in the amount up to$550,000.00 from the Sale of Platted Lake Worth Lots to Lessees authorized by M&C L-15964;
2. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the Water and Sewer Fund in the amount
up to$550,000.00 from accepted Lot sales funds;
3. Authorize the transfer of previously appropriated funds in the Water and Sewer Fund in an amount up to$550,000.00 from available funds
related to the sale of Lake Worth lots to the Water and Sewer Capital Projects Fund for the funding of future Water and Sewer projects in and
around Lake Worth;and
4. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the Water and Sewer Capital Projects
Fund in an amount up to$550,000.00 from accepted Lot sales funds.
DISCUSSION:
This Mayor and Council Communication(M&C)is to authorize the transfer of an amount up to$550,000.00 from the Water and Sewer Fund to the
Water and Sewer Capital Projects Fund for funding future water and sewer capital projects in and around Lake Worth.The amount of funds being
transferred represents FY2019 revenues from the sale of platted Lake Worth lots to lessees authorized by Council action on M&C L-15964 on
November 8,2016. Revenue is deposited into the Water and Sewer Fund rather than the Lake Worth Trust Fund as noted in M&C L-15964
because the Lake Worth Trust Fund has since been closed,and the Lake Worth lots were recorded as an asset in the Water and Sewer Fund at
the time of Lake Worth's creation.
This project is located in COUNCIL DISTRICT 7.
A Form 1295 is not required because: 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,funds will be available in the current capital budget,as
appropriated,of the Water and Sewer Capital Projects Fund. Prior to an expenditure being incurred,the Water and Sewer Department has the
responsibility of verifying the availability of funds.
Submitted for City Manager's Office by: Dana Burghdoff 8018
Originating Business Unit Head: Chris Harder 5020
Additional Information Contact: Jan Hale 8438