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HomeMy WebLinkAbout(0008) Rec 2 Water CFA OLD AO20.PDFOrdinance No. AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER & SEWER COMMUNITY FACILITIES AGREEMENT FUND IN THE AMOUNT OF $2,000,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING PROJECTS IN FISCAL YEAR 2020 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 the Water and Sewer Community Facilities Agreement Fund in the amount of $2,000,000.00, from available funds, for the purpose of funding CFA projects in fiscal year 2020 that are paid from developer contributions, with such appropriations shown more fully as follows: WATER & SEWER COMMUNITY FACILITIES AGREEMENT FUND REVENUES: Developer Contributions and Fees $2,000,000 Contributions and fees generated from Community Facilities Agreements $2,000,000 TOTAL REVENUE $2,000,000 EXPENDITURES: Non -Departmental $2,000,000 Transfers of appropriation to be made from the Non -Departmental Center $2,000,000 undesignated project within the Water & Sewer Community Facilities Agreement Fund to the applicable project incurring the cost. TOTAL EXPENDITURES $2,000,000 SECTION 2. That, appropriations in the Water & Sewer Community Facilities Agreement Fund identify and allocate monies that are anticipated to be received during the fiscal year from developers for the inspection, materials testing, and other services to be performed by City staff in connection with community facility agreement ("CFA") projects that are funded solely by developers and that were commenced under the prior CFA structure. In accordance with Chapter X of the Charter of the City of Fort Worth, Texas, by adoption of this ordinance, the City Council authorizes and delegates to City Manager, or his designee, authority, following the actual receipt of such monies, to enact and make transfers and allocations of such monies in a cumulative amount not to exceed the total amount budgeted, with such transfers and appropriations to be made from the Non - Departmental Project of the Water & Sewer Community Facilities Agreement Fund to the receiving project's center within the Water & Sewer Community Facilities Agreement Fund, provided, however, that such transfers and allocations shall be reported to the City Council in periodic financial reports. SECTION 3. 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 4. 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 5. 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: