HomeMy WebLinkAboutOrdinance 20430-09-2012Ordinance No. 20430 -09 -2012
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SEWER CAPITAL PROJECTS FUND IN THE AMOUNT
OF $4,016,663.00, FROM AVAILABLE FUNDS FROM IMPACT FEES, FOR THE
PURPOSE OF TRANSFERRING SAID F 1; 1 TO THE WATER AND SEWER
FUND FOR PAYING DEBT ASSOCIA ED WITH IMPACT FEE ELIGIBLE
PROJECTS; 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Sewer
Capital Projects Fund in the amount of $4,016,663.00, from available funds from impact fees, for the
purpose of transferring said funds to the Water and Sewer Fund for paying debt associated with impact fee
eligible projects.
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.19911 -09 -2011 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of said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant tity Attorney C 1
ADOPTED AND EFFECTIVE: September 25, 2012
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/25/2012 - Ordinance Nos. 20430-09-2012 & 20431-09-
DATE: Tuesday, September 25, 2012
LOG NAME: 60IMPACT FEE TRANSFER 2012
REFERENCE NO.: G-17692
SUBJECT:
Adopt Ordinances Appropriating Impact Fee Revenues in the Amount ofS0.023'000.00 in the Water
Capital Projects Fund and in the Amount of$4.016.UO3.OU in the Sewer Capital Projects Fund and
Authorize the Transfer in the Total Amount of $10,639,663.00 to the Water and Sewer Fund for the
Purpose ofPaying Debt Associated with Impact Fee Eligible Projects (ALL COUNCIL DISTRICTS)
It is recommended that the City Council:
1 Adopt the attached appropriation ordinances increasing estimated receipts and appropriations in the
Water Capital Projects Fund in the amount nf$0.023.000.00 and in the Sewer Capital Projects Fundinthe
amount of $4,016,663.00 from impact fees-, and
2. Authorize the transfer in the amount of$8.G23.O0DlK) from the Water Capital P Fund and inthe
amount of$4'81G`GS3.O0 from the Sewer Capital Projects Fund to the Water and Sewer Fund in the total
amount of $10,639,663.00 for the purpose of paying debt associated with impact fee eligible projects.
During the retail cost of service studies, it was determined that the use of impact fee revenues could lower
the amount of water and sewer service revenue required to balance Fiscal Year 2012 budgeted revenues
and expenditures. While Section 35-70.9 (b) of the City Code "Use of proceeds of impact fee accounts"
prohibits use of impact fees for operating expenses, the proceeds can be used to pay principal and
interest on debt associated with projects eligible to be funded by impact fees. By transferring the total
amount o($1D.G39.6O3.O0($0.823.000.0O from Water Impact Fee revenue and $4.U18.003.OUfrom
Wastewater Impact Fee revenue) to the Water and Sewer Fund, sufficient revenues will be available to
pay principal and interest on existing revenue bonds used to fund impact fee eligible projects.
FISCAL INFORMATION i CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the Water and Sewer Fund and Water and Sewer Capital Projects Fundn.
FUND CENTERS:
TO FundlAccount/Centers FROM Fund/Account/Centers
1) PS58 488343 070580200040 $2,000,000M ��0,00000
1) PS58 538040 070580200040 $2,000000.00 ��6,66300
Logname: 6OlMP&CT FEE TRANSFER 2012 Page l of
1) PS58 488353 070580200050
1)PS58 538040 070580200050
1) PW53 488013 060530200040
1) PW53 538040 060530200040
1) PW53 488023 060530200050
1) PW53 538040 060530200050
2)PE45 476058 0701000
2)PE45 476053 0601000
CERTIFICATIONS:
$2,016,663.00 2) PW53 538040 060530200040
$2,016,663.00 2) PW53 538040 060530200050
$2,000,000.00
$2,000,000.00
$4,623,000.00
$4,623,000,00
$4,016,663.00
$6,623,000.0
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
S. Frank Crumb (8207)
Melissa Ramon (8245)
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WHOW9M
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