HomeMy WebLinkAbout(0080) Trinity Blvd COs AO.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
TRINITY LAKES CO 2021 PROJECT FUND IN THE AMOUNT OF $19,000,000.00, FROM
AVAILABLE FUNDS, FOR THE PURPOSE OF PAYING (1) CONTRACTUAL
OBLIGATIONS INCURRED OR TO BE INCURRED FOR THE FINANCING OF
IMPROVEMENTS TO TRINITY BOULEVARD WITHIN THE CITY, AND THE PAYMENT OF
FISCAL, ENGINEERING AND LEGAL FEES INCURRED AND (II) COSTS OF ISSUANCE
OF THE CERTIFICATES, WITH APPROPRIATIONS SUBJECT TO THE SALE OF THE
CERTIFICATES AND RECEIPT OF PROCEEDS AND ALL IDENTIFIED AMOUNTS BEING
SUBJECT TO REDUCTION TO CONFORM TO FINAL FIGURES REFLECTED IN
CLOSING DOCUMENTS AND WITH ANY EXCESS COST OF ISSUANCE FUNDS
REMAINING AFTER CLOSING BEING TRANSFERRED TO THE GENERAL DEBT
SERVICE FUND; 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 Trinity
Lakes CO 2021 Project Fund in the amount of $19,000,000.00, from available funds, for the purpose of paying
(1) contractual obligations incurred or to be incurred for the financing of improvements to Trinity Boulevard
within the City, and the payment of fiscal, engineering and legal fees and (II) costs of issuance of the
certificates, with appropriations subject to the sale of the certificates and receipt of proceeds and all identified
amounts being subject to reduction to conform to final figures reflected in closing documents and with any
excess cost of issuance funds remaining after closing being transferred to the general debt service fund.
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