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HomeMy WebLinkAbout(0027) v3_Rock_Creek_PID_FY2022_budget_AO.PDFOrdinance No. AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 17 - ROCK CREEK FUND BY A TOTAL OF $1,773,867.28, FROM A COMBINATION OF ASSESSMENT REVENUE AND FUND BALANCE AS INDICATED, FOR THE PURPOSE OF FUNDING PUBLIC IMPROVEMENT DISTRICT NO. 17 - ROCK CREEK RANCH DURING FISCAL YEAR 2021- 2022; 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 2021-2022 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fiscal Year 2021-2022 in the Fort Worth Public Improvement District No. 17 - Rock Creek Fund by a total of $1,773,867.28, from a combination of assessment revenue and fund balance, for the purpose of funding Public Improvement District No. 17 (Rock Creek Ranch) during Fiscal Year 2021-2022, allocated as follows: Assessment Fund Total Revenue Balance Major Improvements Assessment $1,252,000.00 -$0- $1,252,000.00 Area Roadway Improvements $498,000.00 $26,867.28 $521,867.28 Assessment Area $1,773,867.28 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 incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2021, and ending September 30, 2022, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: ACTING CITY SECRETARY Assistant City Attorney Ronald P. Gonzales ADOPTED AND EFFECTIVE: