HomeMy WebLinkAboutOrdinance 24389-09-2020 Ordinance No. 24389-09-2020
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER AND SEWER OPERATING FUND IN THE AMOUNT OF $300,000.00, SUBJECT
TO THE RECEIPT OF LOT SALE PROCEEDS,FOR THE PURPOSE OF TRANSFERRING
TO THE WATER AND SEWER CAPITAL PROJECTS FUND FOR THE FUNDING OF
FUTURE WATER AND SEWER PROJECTS IN AND AROUND LAKE WORTH;
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 2019-2020 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Water
and Sewer Operating Fund in the amount of$300,000.00, subject to the receipt of lot sale proceeds, for the
purpose of transferring to the Water And Sewer Capital Projects Fund for the funding of future water and
sewer projects in and around Lake Worth.
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 23835-09-2019 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said prior ordinances and appropriations are hereby expressly repealed.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:
C asfiz R L dflez-�ec�`ca�ys forRanald P. Gonzales
Christa R.LoperReynold )Oct 7,2020 :47 CDT) for Ronald P.Gonzales(Oct 7,202D 12:58 CDT)
Sr Assistant City Attorney Mary J. Kayser
City Secretary
ADOPTED AND EFFECTIVE: September 15, 2020
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TEXAS
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/15/20 M&C FILE NUMBER: M&C 20-0669
LOG NAME: 602020 WTRANSFER LAKEWORTH LOT SALE REVENUES
SUBJECT
(CD 7)Authorize Acceptance of Funds from the Sale of Platted Lake Worth Lots in the Amount Up to$300,000.00,Authorize the Use of Funds
from the Water and Sewer Fund in an Amount Up to$300,000.00 Transferred to the Water and Sewer Capital Projects Fund and Adopt
Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Council:
1. Accept funds in the amount up to$300,000.00 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$300,000.00 from accepted Lot sales for the purpose of transferring to the Water and Sewer Capital Projects Fund for the funding of
Lake Worth Infrastructure programmable project;and
3. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the Water and Sewer Capital Projects
Fund in an amount up to$300,000.00 transferred from the Water and Sewer Fund from the accepted Lot sales for the funding of Lake Worth
Infrastructure programmable project(City Project No.P00101).
DISCUSSION:
This Mayor and Council Communication(M&C)is to authorize the use of an amount up to$300,000.00 from the Water and Sewer Fund
transferred to the Water and Sewer Capital Projects Fund for funding the future water and sewer capital projects in and around Lake Worth(Lake
Worth Infrastructure programmable project).The amount of funds being transferred represents FY2020 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 funds are currently available in the Water&Sewer Fund and upon approval of the above recommendations
and adoption of the attached appropriation ordinances,funds will be available in the W&S Capital Projects Fund for the Lake Worth Infrastructure
programmable project. Prior to an expenditure being incurred,the Water 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: Norma Naylor 2748