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HomeMy WebLinkAbout(0061) 55AFW ALLIANCE AIRPORT FUTURE PROJECT FUNDING_55001_Rec2.PDFOrdinance No. AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE MUNICIPAL AIRPORT FUND, IN THE AMOUNT OF $251,540.14, FROM REDUCING NET POSITION, FOR THE PURPOSE OF TRANSFERRING TO THE ALLIANCE CAPITAL FUND TO SATISFY THE FISCAL YEAR 2020 REVENUE REQUIREMENTS; 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 by increasing estimated receipts and appropriations in the Municipal Airport Fund in the amount of $251,540.14, reducing net position, for the purpose of transferring to the Alliance Capital Fund to satisfy the Fiscal Year 2020 revenue requirements. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Ronald P. Gonzales Acting City Secretary