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HomeMy WebLinkAboutOrdinance 16334-03-2005Ordinance No. ~~~.J"~P' _D~-~~ AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER CAPITAL PROJECTS FUND IN THE AMOUNT OF $50,000,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING WATER AND SEWER INFRASTRUCTURE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE BATE. 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 200~- 2005 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water and Sewer Capital Projects Fund in the amount of $50,000,000 from available fiunds for the purpose of funding water and sewer infrastructure. SECTION 2. That should any portion, section ar 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, ar 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. 16061 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 ~. This ordinance shall take effect upon adoption. OV AS Off" FORM AND LEGALITY: Assistant City ttorney ADOPTED AND EFFECTIVE: ~"~- ~~ Cdty ~f Fort M/®rt~i, Texas Mayor and Council Communication CC?UNCIL ACTION: Approved on 312412Q05 - ®rdiinance No. 96334-Q3-2005 DATE: Thursday, March 24, 2005 LOG NAME: 80APPROPRIATE SUBJECT; ' Adopt Appropriation Ordinance for Sewer Revenue Bonds, Series 2005 REFERENCE NO.: G-14720 Appropriation of $50,000,000.00 in Proceeds from Water and RECOMMENDATION: It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $50,000,000.00 in the Water and Sewer Capital Project Funds for water and sewer infrastructure. ®ISGUSSION: On December 21, 2004, the City Council adopted Ordinance No. 16232 authorizing the issuance and sale of revenue bands, series 2006. The $50,000,000.00 will be allocated #o dozens of projects where contracts have been awarded by City Council under the commercial paper program. These projects include, but are not limited to the following: ® Rolling Hills High Service Pump Station, Phase IV . Engineering for 35MGD Expansion of Eagle Mountain Water Treatment Plant and High Service Pump Station ® Engineering for Eagle Mountain Water Treatment Plant Intake Improvement . Eagle Mountain Water Treatment Plant Program Management ® Engineering for Eagle Mountain Water Treatment Plant Raw Water Transmission Pipeline ® 16" Water Main along North Tarrant Parkway ® Risinger Raad Southside II Water Main Extension . Medical District Improvements, Part 2 Gate and Alert Notification Improvements • Water/Sewer Main Replacement Contract CT2004A . Engineering for Main 34-100 D100 SSEE and Improvements Radio Shack and Pier 1 Sewer Relocations ® Lake Worth South Shore Gravity Sewer Improvements Appravaf of this action will release $50,000,000.00 in commercial paper authority far use in the funding of future projects, in accordance with the commercial paper program. Logname: 64APPROi'RIATE Pale 1 of 2 FISCAL INFORMATIONICERTIFICATION: The Finance ©irector certifies that funds are available in the Water and Sewer Gapital Projects Fund as a result of the Water and Sewer Revenue Series 2005 sale. TO FundlAccountlCenters FROM FundlAccountlCenters P163 488902 0601630'16901 $42,280 000.00 P373 488902 0709730'13801 ~7 750,000.00 P163 641200 06018309x801 $42,250AOOA0 P773 541200 070173093907 ~7 760A00.00 Submitted for City Manager`s Office bv• Marc Ott (8476} Originating_©e.partment Head; S. Frank Crumb (Acting) 18207) AdditionaB Information Contact: S. Frank Crumb (Acting} (8207) Logxanae: 60APFROFRiATE Pale 2 of 2