HomeMy WebLinkAbout(0066) 20FY20CFADEVELOPERCONTRIBUTIONS_30114_AO20r1.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
CFA DEVELOPER FUND IN THE AMOUNT OF $14,000,000.00, FOR THE PURPOSE OF
FUNDING FISCAL YEAR 2020 PROJECTS THAT ARE PAID FROM DEVELOPER
CONTRIBUTIONS; AUTHORIZING THE CITY MANAGER, ACTING DIRECTLY OR
THROUGH A DESIGNEE, TO MAKE CERTAIN TRANSFERS AND ALLOCATIONS UP TO
BUDGETED AMOUNTS; 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 CFA
Developer Fund in the amount of $14,000,000.00, from available funds, for the purpose of funding fiscal year
2020 projects that are paid from developer contributions.
CFA DEVELOPER FUND
REVENUES:
Developer Contributions and Fees $14,000,000
Contributions and fees generated from Community Facilities Agreements $14,000,000
TOTAL REVENUE $14,000,000
EXPENDITURES:
Non -Departmental $14,000,000
Transfers and appropriation to be made from the Non -Departmental Center $14,000,000
undesignated project within the CFA Developer Fund to the applicable
project incurring the cost.
TOTAL EXPENDITURES $14,000,000
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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
Denis McElroy
Sr. Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser