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HomeMy WebLinkAbout(0029) 60WATERIFTRANSFERFY2021_57003_R2 revised.PDFOrdinance No. AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SEWER IMPACT FEE FUND IN THE AMOUNT OF $11,638,349.00 FROM AVAILABLE FUNDS FROM THE WATER/WASTEWATER WHOLESALE IMPACT FEES AND WATER/WASTEWATER RETAIL IMPACT FEES PROJECTS FOR THE PURPOSE OF TRANSFERRING TO THE WATER PRIORITY LIEN DEBT SERVICE FUND TO REIMBURSE IMPACT FEE ELIGIBLE DEBT PAYMENTS; 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 Sewer Impact Fee Fund in the amount of $11,638,349.00 from available funds from the Water/Wastewater Wholesale Impact Fees and Water/Wastewater Retail Impact Fee projects for the purpose of transferring to the Water Priority Lien Debt Service Fund to reimburse impact fee eligible debt payment made from other system revenues.. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Douglas W Black Sr Assistant City Attorney Mary J. Kayser City Secretary ADOPTED AND EFFECTIVE: