HomeMy WebLinkAbout(0099) TAX NOTES 2021C 34024_AO21-DM.PDFOrdinance No.
AN ORDINANCE ADJUSTING THE FISCAL YEAR 2020-2021 BUDGET TO CORRECT
FUNDING FOR FIRE APPARATUS REPLACEMENT BY DECREASING ESTIMATED
RECEIPTS AND APPROPRIATIONS IN THE ANNUAL FIRE APPARATUS
REPLACEMENT PROJECT OF THE GENERAL CAPITAL IMPROVEMENT PLAN BY
$11,765,564.00 AND INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE FIRE APPARATUS REPLACEMENT PROJECT OF THE TAX NOTE 2021 C FUND BY
$11,766,000.00, SUBJECT TO ISSUANCE AND SALE OF TAX NOTES AND RECEIPT OF
PROCEEDS; INCREASING RECEIPTS AND APPROPRIATIONS IN OTHER IDENTIFIED
PROJECTS OF THE TAX NOTE 2021C FUND BY $5,584,000.00, SUBJECT TO THE
ISSUANCE AND SALE OF TAX NOTES AND RECEIPT OF PROCEEDS WITH ALL SUCH
AMOUNTS SUBJECT TO REDUCTION TO CONFORM TO FINAL FIGURES REFLECTED
IN NOTE -CLOSING DOCUMENTS AND 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 the budget of the City of Fort Worth for Fiscal Year 2020-2021, as enacted by Ordinance 24446-09-
2020, as amended, is hereby further revised to correct the funding source for fire apparatus replacement by
reducing estimated receipts and appropriation in the Annual Fire Apparatus Replacement Project of the
General Capital Improvement Plan by $11,765,564.00, and to increase estimated receipts and appropriations
in the Fire Apparatus Replacement Project of the Tax Note 2021C Fund by $11,766,000.00, subject to
issuance and sale of tax notes and receipt of funds, with such amount subject to reduction to conform to final
figures reflected in the tax note closing documents.
SECTION 3.
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 2021C Fund $5,584,000.00 allocated by project and amount as follows:
Project
Amount
Fire Station Rehab and Renovations
$3,004,000.00
FWZA Elephant Springs Phase II
$1,330,000.00
Forest Park Pool Improvements
$900,000.00
Tax Note Costs of Issuance
$350,000.00
with all such appropriations subject to reduction to conform to final figures reflected in the tax note closing
documents and with any excess cost of issuance funds remaining after closing being transferred to the debt
service fund.
SECTION 3.
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 4.
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 5.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser