HomeMy WebLinkAbout(0036) 13QUAIL_VALLEY-WALSH_RANCH_PID_NO.16_DEVELOPER_REIMBURSEMENTS_28516_AO22Ordinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 - QUAIL VALLEY FUND IN
THE AMOUNT OF $812,542.00, FROM REDUCING FUND BALANCE, FOR THE
PURPOSE OF REIMBURSING ELIGIBLE COSTS TO THE DEVELOPER UNDER THE
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 16 - QUAIL VALLEY
IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 REIMBURSEMENT
AGREEMENTS; 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 2021-2022 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fort
Worth Public Improvement District No. 16 - Quail Valley Fund in the Amount of $812,542.00, from reducing
fund balance, for the purpose of reimbursing eligible costs to the developer under the Fort Worth Public
Improvement District No. 16 - Quail Valley Improvement Area No. 1 and Improvement Area No.
2 Reimbursement Agreements.
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 25073-09-2021 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said prior ordinances and appropriations are hereby expressly repealed.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