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HomeMy WebLinkAboutOrdinance 16368-04-2005Ordinance No. ~~ ~- AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SEWER STATE REVOLVING LOAN FUND IN THE AMOUNT OF $7,890,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING SEWER INFRASTRUCTURE FOR THE WATER DEPARTMENT; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2004- 2000 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Sewer State Revaluing Loan Fund in the amount of $7,890,000 from available funds for the purpose of funding sewer infrastructure for the Water Department. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void far any reason by a court of competent jurisdiction, such decision, opinion ar 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 #ull farce and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 16069 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. R AS FORM AND LEGALITY: b~ Assistant Ci Attorney ADOPTED AND EFFECTIVE: 4I ~ ~~~ ~~ pity ®f F®rt V/®rth, ~e~r~~ Myr end ®u ncl r~ u n yin COUNCIL ACTION: Approved on 4/12/2005 -Ordinance No. 1fi368-04-2gQ5 ®ATE: Tuesday, April 12, 2005 LOG NAME: 60SEWER SRF REFERENCE NO.: '~"~G-14744 SU>w3JECT: Adopt Appropriation Ordinance for Appropriation of $7,890,000.00 in Proceeds from Water and Sewer System Subordinate Lien Revenue Bands, Series 2005 RECOMMENDATION. It is recommended that the City Council adapt the attached appropriation ordinance increasing estimated receipts and appropriations by $7,89D,DOD.00 in the Sewer State Revolving Loan Fund for sewer infrastructure. DISCUSSION: On February 17, 2005, the City Council adopted Ordinance No. 16294 authorizing the issuance and sale of revenue bands, series 2D05. The $7,89D,ODD.DO will be allocated for the construction of Sewer Main 244-A Village Creek Parallel Relief. This project is required as part of the settlement agreement with the City of Arlington, which terminated litigation related to the treatment of wastewater from the City of Arlington at the Fart Worth Village Creek Wastewater Treatment Plant. The settlement agreement was executed on August 8, 1996, (M&C C-15593). This project will relieve overflows ofi the Arlington Rush Creek Collector. FISCAL INFORMATIONICERTIFICATIOIV: The Finance Director certifies that this action wilt make funds available in the Sewer State Revolving Loan Fund as a result of the Sewer Revenue Series 20D5 sale. TO FundlAccountlCenters FROM FundlAccountlCenters P272 485205 7011399901 DO 7 $9~ ~,~ 0 O~D.,Q€3 P272 54120D 701139990100 7 890 000.00 Su~enitted for Ci Mana er`s. Office b . Marc Ott (8476) Originating Department Head: S. Frank Crumb (Acting) (8207) Additional Istformation Contact: S. Frank Crumb (Acting) ($2D7) Logname: 60SEWER SRF Page 1 ©f 1