HomeMy WebLinkAbout(0232) Rec 2 - Series 2021A AO.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
TAX NOTE 2021A FUND IN THE AMOUNT OF $74,000,000.00, SUBJECT TO THE SALE
OF TAX NOTES AND RECEIPT OF PROCEEDS, FOR THE PURPOSE OF PAYING
CONTRACTUAL OBLIGATIONS FOR THE CONSTRUCTION OF PUBLIC WORKS AND
PURCHASE OF MATERIALS, SUPPLIES, EQUIPMENT, MACHINERY, BUILDINGS,
LANDS, RIGHTS -OF -WAY, INCLUDING REPAYMENT OF $5,000,000.00 OF ADVANCE
FUNDING PROVIDED FROM THE CITY'S GENERAL FUND, AND PAYING COST OF
ISSUANCE; WITH ALL AMOUNTS SUBJECT TO REDUCTION TO CONFORM TO FINAL
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 2020-2021 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Tax
Note 2021A Fund in the amount of $74,000,000.00, subject to the sale of tax notes and receipt of proceeds,
for the purpose of paying contractual obligations for the construction of public works and purchase of
materials, supplies, equipment, machinery, buildings, lands, rights -of -way, including repayment of
$5,000,000.00 of advance funding provided from the City's General Fund to facilitate reversal of a transfer,
and paying costs of issuance; with all amounts subject to reduction to conform to final 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 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed.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
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser