HomeMy WebLinkAboutResolution 4122-09-2012A Resolution
NO. 4122-09-2012
APPROVING THE AMENDMENT OF THE FY 2011-2012 BUDGET
FOR DALLAS/FORT WORTH INTERNATIONAL AIRPORT
WHEREAS, the Dallas/Fort Worth International Airport ("the Airport") serves the aviation
needs of the cities of Dallas and Foil Worth; and
WHEREAS, the Dallas/Fort Worth International Airport Board ("the Board") approved its FY
2012 budget in the amount of $606,600,000.00 which included $601,600,000,00 for expenses and debt
service and $5,000,000.00 for contingency; and
WHEREAS, on September 27, 2011, the Fort Worth City Council approved the budget for the
Airport for the fiscal year beginning October 1, 2011 and ending September 30, 201.2 in accordance
with the Contract and Agreement between the cities of Dallas and Fort Worth, dated April 15, 1968, as
amended, which established the Board as the operating Board of Directors; and
WHEREAS, on July 26, 2012, the Board approved the use of the $5,000,000.00 contingency
included in the approved FY 2012 budget and an additional $1,100,000.00 for payouts through the
enhanced retirement program, demolition of unusable buildings, and debt service associated with the
Board's Public Finance Corporation; and
WHEREAS, the Board now seeks approval from the cities of Fort Worth and Dallas for an
amendment to its FY 2012 budget to allow for an increase of $ 1,100,000.00;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1.
The City Council hereby approves an amendment to the FY 2012 budget of the Dallas/Fort
Worth International Airport Board to allow for a $1,100,000.00 increase.
7041
That this resolution take effect immediately upon its passage.
a,a� SORT A
Adopted this I Vh day of September, 2012. 010
A,
ATTEST- o
By: 0 00 00".
ICY
T1, C� 00 oo
Mary J. Kayser, Cit 1 c retary
3 1) 3( -
&U�W ORT
ir