HomeMy WebLinkAbout(0092) Rec 2 AO W&S Prior Lien 56009.pdfOrdinance No.
AN ORDINANCE ADJUSTING THE FISCAL YEAR 2022 APPROPRIATIONS IN THE
WATER AND SEWER PRIORITY LIEN DEBT SERVICE FUND, BY (I) DECREASING
BUDGETED CONTRIBUTION TO NET POSITION BY $684,912.00 AND (II) INCREASING
ESTIMATED APPROPRIATIONS BY $9,955,971.00, INCLUDING USE OF $9,271,059.00
IN NET POSITION, , FOR DEFEASANCE OF SERIES 2012 WATER AND SEWER
REVENUE REFUNDING BONDS, WITH SUCH AMOUNT SUBJECT TO REDUCTION TO
CONFORM TO FINAL FIGURES AT THE TIME OF DEFEASANCE; 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 2021-2022, as enacted by Ordinance 25073-09-
2021, as amended, is hereby further amended to make the following adjustments in the Water and Sewer
Priority Lien Debt Service Fund by (1) decreasing budgeted contribution to net position by $684,912.00; and
(11) increasing estimated appropriations by $9,955,971.00, including use of $9,271,059.00 in net position, for
defeasance of Series 2012 Water and Sewer revenue refunding bonds, with such amount subject to reduction
to conform to final figures at the time of defeasance.
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said prior ordinances and appropriations are hereby expressly repealed.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
Denis C. McElroy, Assistant City Attorney Jannette S. Goodall
City Secretary
ADOPTED AND EFFECTIVE: