HomeMy WebLinkAboutOrdinance 19387-10-2010 Ordinance No. 19387-10-2010
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE WATER CAPITAL PROJECT FUND IN THE AMOUNT OF $10,623,008.00 AND
IN THE SEWER CAPITAL PROJECT FUND IN THE AMOUNT OF $4,016,663.00, FROM
IMPACT FEES FOR THE PURPOSE OF PAYING DEBT ASSOCIATED WITH IMPACT
FEE ELIGIBLE PROJECTS; 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 2009-2010 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Water Capital Projects Fund in the amount of$10,623,008.00 and the Sewer Capital Projects Fund in the
amount of $4,016,663.00, from impact fees, for the purpose of paying debt associated with impact fee
eligible projects.
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 No.18809 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ordinances and appropriations are hereby expressly repealed.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:
I
�I kAA [2fAx I LW(3
Assistant ay Attorney
ADOPTED AND EFFECTIVE: October 5. 2010
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 10/5/2010 Ord. No. 19387-10-2010
DATE: Tuesday, October 05, 2010 REFERENCE NO.: G-17078
LOG NAME: 60IMPACT FEE 10
SUBJECT:
Adopt an Ordinance Appropriating Impact Fee Revenues and Expenditures in the Amount of
$10,623,008.00 in the Water Capital Project Fund and $4,016,663.00 in the Sewer Capital Project Fund
and Authorize the Transfer of the Total Amount of$14,639,671.00 to the Water and Sewer Fund for the
Purpose of Paying Debt Associated with Impact Fee Eligible Projects
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Water Capital Project Fund in the amount of$10,623,008.00 and in the Sewer Capital Project Fund in the
amount of$4,016,663.00 from impact fees; and
2. Authorize the transfer of$10,623,008.00 from the Water Capital Project Fund and $4,016,663.00 from
the Sewer Capital Project Fund to the Water and Sewer Fund in the total amount of$14,639,671.00 for
the purpose of paying debt associated with impact fee eligible projects.
DISCUSSION:
During the retail cost of service studies, it was determined that the use of impact fee revenues could lower
the amount of water and sewer service revenue required to have sufficient revenues to cover Fiscal Year
2010 budgeted expenditures. While Section 35-70.9 (b) of the City Code "Use of proceeds of impact fee
accounts" prohibits use of impact fees for operating expenses, they can be used to pay principal and
interest on debt associated with projects eligible to be funded by impact fees. By transferring
$14,639,671.00 ($10,623,008.00 from Water Impact Fee revenue and interest revenue and $4,016,663.00
from Wastewater Impact Fee revenue)to the Water and Sewer Fund, sufficient revenues will be available
to pay principal and interest on existing revenue bonds used to fund impact fee eligible projects.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the Water and Sewer Capital Projects Funds.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
1) PS58 488343 070580200040 $1,067,113.00 2) PS58 538040 070580200040 $1,067,113.00
1) PS58. 538040 _070580200040 $1,067-113.00 2)PS58_-538040 070580200050 $2,949550.00
1) PS58 488353 070580200050 $2,949,550.00 2) PW53 538040 060530200040 $5,202,000.00
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1) PS58 538040 070580200050 $2,949,550.00 2) PW53 538040 060530200050 $5,421,008.00
1) PW53 488013 060530200040 $3,289.000.00
1) PW53 441012 060530200040 $1,913,000.00
1) PW53 538040 060530200040 $5,202,000.00
1) PW53 488023 060530200050 $5,418,000.00
1) PW53 441012 060530200050 $3,008.00
1) PW53 538040 060530200050 $5,421,008.00
2) PE45 476058 0701000 $4,016,663.00
2) PE45 476053 0601000 $10,623.008.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: S. Frank Crumb (8207)
Additional Information Contact: Melissa Ramon (8245)
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