HomeMy WebLinkAboutOrdinance 16809-02-2006Ordinance No. 16809-02-2006
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE STATE REVOLVING FUND IN THE AMOUNT OF
$11,500,000 FROM FUNDS AVAILABLE AS A RESULT OF THE SEWER
REVENUE SERIES 2005A SALE, FOR THE PURPOSE OF FUNDING THE
CONSTRUCTION OF IMPROVEMENTS TO THE WASTEWATER COLLECTION
SYSTEM; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES
AND REPEALING ALL PR10R ORDINANCES W 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 the Fiscal Year
2005-2006 and in the Budget of the City Manager, there shall also be increased estimated receipts
and appropriations in the State Revolving Fund in the amount of $11,500,000 from funds available
as a result of the Sewer Revenue Series 2005A sale, for the construction of improvements to the
wastewater collection system.
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 No. 16582 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
ADOPTED AND EFFECTIVE: February 7, 2006
This ordinance shall take effect upon adoption.
City of F®~t VI/®rth, Texas
day®r ~ ~®ur~cil ®rrrnun~~ati®n
C®UNCtL ACTT®N: Approved on 2/7/2006 - ®rdinance No. 16809-2-2006
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®ATE: Tuesday, February D7, 2DD6
LOG NAME. 60SEWER SRF REFERENCE N®.: Cx-15084
SU B,1 ECT.
Adopt Appropriation Ordinance for Appropriatian of $11,500,000 in Proceeds fram Sewer System
Subordinate Lien Revenue Bands, Series 20D5A
RECOMMENDATI®N:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $11,500,000 in the State Revolving Fund -Sewer for construction of
improvements to the wastewater collection system.
DISCUSSION:
On Ocfober 18, 2005, the City Council adopted Ordinance No. 16660 authorizing the issuance and sale of
revenue bonds, series 2005A, The Water Department will use the proceeds in construction of Main 244-A
Village Creek Parallel Relief. This project is required as part of the settlement agreement with the City of
Arlington, which terminated litigation related to the treatment of wastewater from the City of Arlington at the
Fort Worth Village Creek Wastewater Treatment Plant. The settlement agreement was executed an August
8, 1996, {M&C C-15593). This project will relieve overfkaws of the Arlington Rush Creek Collector.
FISCAL INFORMATIONICERTIFICATION:
The Finance Director certifies that funds are available in the State Revolving Loan Fund as a result of the
Sewer Revenue Series 2005A sale.
TO Fund/AccountlCenters FROM FundlAccountlCenters
P272 46$305 701'!3999€}100 11 500000.Do
P272 541200 701139990100 $11.500AOOA0
Submitted #or Cit Mana egr's~_®#fiee by: Marc Ott {8476)
®raginating Department Head: S. Frank Crumb {8207)
Additional Information Contact: S. Frank Crumb (8207)
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