HomeMy WebLinkAbout(0181) dm_Series_2022_Tax_Notes_Fund_AO_34026.pdfOrdinance No.
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
TAX NOTE 2022 FUND IN THE AMOUNT OF $72,195,000.00, FOR THE PURPOSE OF
PAYING (1) CONTRACTUAL OBLIGATIONS INCURRED OR TO BE INCURRED FOR THE
CONSTRUCTION OF PUBLIC WORKS AND THE PURCHASE OF MATERIALS,
SUPPLIES, EQUIPMENT, MACHINERY, BUILDINGS, LANDS, AND RIGHT-OF-WAY OF
IDENTIFIED PROJECTS, AND (II) COSTS OF ISSUANCE OF THE NOTES, WITH
APPROPRIATIONS SUBJECT TO THE SALE OF TAX NOTES AND RECEIPT OF
PROCEEDS AND ALL IDENTIFIED AMOUNTS BEING SUBJECT TO REDUCTION TO
CONFORM TO FINAL FIGURES REFLECTED IN NOTE -CLOSING DOCUMENTS WITH
ANY EXCESS COST OF ISSUANCE FUNDS REMAINING AFTER CLOSING BEING
TRANSFERRED TO THE GENERAL 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 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 Tax
Note 2022 Fund in the amount of $72,195,000.00, for the purpose of paying (1) contractual obligations incurred
or to be incurred for the construction of identified public works and the purchase of materials, supplies,
equipment, machinery, buildings, lands, and right-of-way of identified projects, and (11) costs of issuance of
the notes, with appropriations subject to the sale of the tax notes and receipt of proceeds and all identified
amounts being 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 general debt service fund.
Project Description
Amount
New City Hall Design and Construction 100 Energy Way
$ 59,759,000.00
Fire Apparatus Replacement
$ 12,250,000.00
Cost of Issuance
$ 186,000.00
Total
$ 72,195,000.00
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: