HomeMy WebLinkAbout(0016) AO for QV PID Fund 28516.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16-QUAIL VALLEY FUND IN THE
AMOUNT OF $76,782.34, FROM FUND BALANCE, FOR THE PURPOSE OF FUNDING
REIMBURSEMENT OF ELIGIBLE COSTS TO THE DEVELOPER UNDER THE WALSH
RANCH/QUAIL VALLEY PUBLIC IMPROVEMENT DISTRICT -IMPROVEMENT AREA
NO.1 REIMBURSEMENT AGREEMENT, AND REDUCING FUND BALANCE BY THE
SAME AMOUNT; 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 2020-2021 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fort
Worth Public Improvements District No. 16-Quail Valley Fund in the amount of $76,782.34, from fund balance,
for the purpose of funding the reimbursement of eligible costs to the developer under the Walsh Ranch/Quail
Valley Public Improvement District -Improvement Area No. 1 Reimbursement Agreement, and reduced fund
balance by the same amount.
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 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed.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 SECRETARY
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Ronald P. Gonzales
Acting City Secretary