HomeMy WebLinkAboutOrdinance 20336-08-2012Ordinance No. 20336 -08 -2012
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE VARIOUS FUNDS LISTED IN SECTION ONE IN THE
AMOUNT OF $94,073,000.00, FROM THE SALE OF COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 2012, FOR THE PURPOSE
OF FUNDING VARIOUS PROJECTS FOR CAPITAL IMPROVEMENTS AND
REIMBURSEMENT TO THE NEW EQUIPMENT PURCHASES FUND; 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the 2007
Critical Capital Projects Fund in the amount of $10,243,000.00, New Equipment Purchases Fund in the
amount of $4,000,000.00, Street Improvements 2004 Overrun Fund in the amount of $2,830,000.00 and the
Public Safety Training Facility Fund in the amount of $77,000,000.00, from the sale of Combination Tax
and Revenue Certificates of Obligation, Series 2012, for the purpose of funding various projects for capital
improvements and reimbursement to the New Equipment Purchases Fund.
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 -09 -2011 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of said prior ordinances and appropriations are hereby expressly repealed.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 A TO FO AND LEGALITY:
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ADOPTED AND EFFECTIVE: August 21, 2012
City of Fort Worth, Texas
Mayor and Council Communication
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q COUNCIL ACTION: Approved on 8/21/2012 - Ordinance No. 20336 -08 -2012
DATE: Tuesday, August 21, 2012 REFERENCE NO.: G -17652
LOG NAME: 1312 CO APPR
SUBJECT:
Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the 2007 Critical
Capital Projects Fund, the New Equipment Purchases Fund, the Street Improvements 2004 Overrun Fund
and the Public Safety Training Facility Fund in the Combined Amount of $94,073,000.00 from the Sale of
Combination Tax and Revenue Certificates of Obligation, Series 2012, for the Purpose of Funding Various
Projects for Capital Improvements and Reimbursing for New Equipment Purchases (ALL COUNCIL
DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations in the 2007 Critical Capital Projects Fund, the New Equipment Purchases
Fund, the Street Improvements 2004 Overrun Fund, and the Public Safety Training Facility Fund in the
combined amount of $94,073,000.00 from the sale of Combination Tax and Revenue Certificates of
Obligation, Series 2012, for the purpose of funding various projects from the 2007 Critical Capital Needs
Program funding cost over -runs from the 2004 Bond Program reimbursing the New Equipment Purchases
Fund for the purchase of fire equipment, funding design and construction of the public safety training
facility, and paying bond issuance costs.
DISCUSSION:
On August 14, 2012, the City Council approved an ordinance authorizing the sale of $85,790,000.00 in
Combination Tax and Revenue Certificates of Obligation, Series 2012. Because the Certificates were sold
at a premium, the sale generated revenues of $94,073,000.00 plus Costs of Issuance (estimated at
$292,000.00) that will be appropriated through the attached ordinance, specifically as follows:
2007 Critical Capital Projects Fund $10,243,000.00
New Equipment Purchases Fund $ 4,000,000.00
Street Improvements 2004 Overrun Fund $ 2,830,000.00
Public Safety Training Facility Fund $77,000,000.00
This financing will fund capital projects, including the Public Safety Training Facility, arterials,
neighborhood streets, traffic signals, enhanced community facility Agreements, telecommunications
systems, and public art. Also included in this financing are reimbursements to the New Equipment
Purchase Fund for fire equipment purchases.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the attached appropriation
ordinance, funds will be available in the current operating budget, as appropriated, of the General Debt
Service Fund, and in the current capital budgets, as appropriated, of the 2007 Critical Capital Projects
Fund, New Equipment Purchases Fund, Street Improvements 2004 Overrun Fund, and the Public Safety
Logname: 1312 CO APPR Page 1 of 2
Training Facility Fund.
FUND CENTERS:
TO Fund /Account/Centers
FROM Fund /Account/Centers
C252
485212
041039990100
$2,830,000.00
C295
485212
201239990100
$5,667,909.00
C295
485212
201219990100
$600,000.00
C295
485212
201409990100
$1,000,000.00
C295
485212
201719990100
$1,600,000.00
C295
485212
171779990100
$1,000,000.00
C295
485212
201989990100
$375,091.00
C236
485212
061079990100
$77,000,000.00
G193
485212
036193036100
$4,000,000.00
GD06
485212
0132000
$755,012.60
C252
541200
041039990100
$2,830,000.00
C295
541200
201239990100
$5,667,909.00
C295
541200
201219990100
$600,000.00
C295
541200
201409990100
$1,000,000.00
C295
541200
201719990100
$1,600,000.00
C295
541200
171779990100
$1,000,000.00
C295
541200
201989990100
$375,091.00
C236
541200
061079990100
$77,000,000.00
G193
541200
036193036100
$4,000,000.00
CERTIFICATIONS:
Submitted for Citv Manaaer's Office bv: Susan Alanis (8180)
Originating Department Head: Lena Ellis (8517)
Additional Information Contact: James Mauldin (2438)
Logname: 1312 CO APPR Page 2 of 2