HomeMy WebLinkAbout(0184) Rec 2 AMENDED RESTATED TAX NOTES FY20 AO v3 132020.PDFOrdinance No.
AN ORDINANCE REPEALING ORDINANCE 24151-04-2020 AND INCREASING
ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE 2020 TAX NOTE PROJECT
FUND IN THE AMOUNT OF $29,100,000.00, SUBJECT TO THE SALE OF TAX NOTES
AND RECEIPT OF PROCEEDS, TO PAY FOR THE PURCHASE OF FIRE TRUCKS AND
RELATED FIREFIGHTING EQUIPMENT, CONSTRUCTION IMPROVEMENTS TO THE
FORT WORTH BOTANIC GARDENS, PURCHASE OF VEHICLES AND EQUIPMENT FOR
VARIOUS CITY DEPARTMENTS, AND LAND ACQUISITION ON ANGLE AVENUE, AND
TO PAY COST OF ISSUANCE, WITH SUCH AMOUNT SUBJECT TO REDUCTION TO
CONFORM TO FINAL FIGURES REFLECTED IN NOTE CLOSING DOCUMENTS AND
WITH ANY EXCESS COSTS OF ISSUANCE FUNDS TO BE TRANSFERRED TO DEBT
SERVICE; 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That Ordinance No. 24151-04-2020 adopted and effective April 7, 2020 is hereby repealed in its entirety to
be replaced with this ordinance.
SECTION 2.
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 2020
Tax Note Project Fund in the amount of $29,100,000.00, subject to the sale of tax notes and receipt of
proceeds, to pay for the purchase of fire trucks and related firefighting equipment, construction improvements
to the Fort Worth Botanic Gardens, purchase of vehicles and equipment for various City departments, and
land acquisition on Angle Avenue, and to pay cost of issuance with any excess costs of issuance funds to be
transferred to debt service and with such amount subject to reduction to conform to final figures reflected in
note closing documents.
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, Asst City Attorney Mary J. Kayser
ADOPTED AND EFFECTIVE: