HomeMy WebLinkAbout(0086) 13SERIES 2021 WSS REFUNDING IMP BOND_56001_REC4.PDFOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER AND SEWER (OPERATING) FUND IN THE AMOUNT OF $500,000.00, SUBJECT
TO THE SALE OF THE BONDS AND RECEIPT OF PROCEEDS, FOR THE PURPOSE OF
PAYING COST OF ISSUANCE RELATED TO THE REFUNDING BONDS, WITH SUCH
AMOUNT SUBJECT TO REDUCTION TO CONFORM TO FINAL FIGURES REFLECTED
IN BOND CLOSING DOCUMENTS WITH ANY EXCESS COST OF ISSUANCE FUNDS
REMAINING AFTER CLOSING BEING TRANSFERRED TO THE 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 Water
and Sewer (Operating) Fund in the amount of $500,000.00, subject to the sale of the bonds and receipt of
proceeds, for the purpose of paying cost of issuance related to the Refunding Bonds, with such amount
subject to reduction to conform to final figures reflected in bond closing documents with any excess cost of
issuance funds remaining after closing being transferred to the 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said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser
City Secretary