HomeMy WebLinkAbout(0096) Rec 5 AO.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER & SEWER PRIOR LIEN DEBT SERVICE FUND, IN THE AMOUNT OF
$177,043.00, FROM TRANSFERRED OPERATING FUNDS, FOR THE PURPOSE OF
PAYING THE AUGUST 2020 INTEREST PAYMENTS ON WATER AND SEWER SYSTEM
REVENUE BONDS, SERIES 2020, WITH SUCH AMOUNTS SUBJECT TO REDUCTION
TO CONFORM TO FINAL FIGURES REFLECTED IN BOND CLOSING DOCUMENTS;
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 the Water
& Sewer Prior Lean Debt Service Fund in the amount of $177,043.00, from transferred operating funds, to
pay the August 2020 interest payments on Water and Sewer System Revenue Bonds, Series 2020, with such
amounts subject to reduction to conform to the final figures reflected in the bond closing documents.
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said prior ordinances and appropriations are hereby expressly repealed.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 C. McElroy, Assistant City Attorney Mary J. Kayser
ADOPTED AND EFFECTIVE: