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HomeMy WebLinkAboutOrdinance 16608-09-2005Ordinance No. ~' 0~-~`P~1~°~5 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CAPITAL PROJI=CTS 1=UND IN THIW AMOUNT OF $16,898,000 FROM THE SALE OF CI=RTIFICATES OF OBLIGATION, SERIES 2005 AND SERIES 2005A FOR THE PURPOSE OF FUNDING VARIOUS CAPITAL IMPROVEMENT PROJI=CTS; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDWANCES 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 2005- 2006 in the Budget of the City Manager, there shah also be increased estimated receipts and appropriations in the Capital Projects Fund in the amount of $16,898,000 from the sale of Certificates afi Obligation, Series 2005 and Series 2005A for the purpose ofi funding various Capital Improvement Projects. 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 nn way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining previsions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be incorporated into the ordinance of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2005, and ending September 30, 2006, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. AP :ROVED ASS T ~ FORM AND LEGALITY: A istant City Attorney ADOPTED AND EFFECTIVE: S ,~'~r?d~ ~~r-- `v2-7~~~.5` City ~f F®r~ VV®r~t~r, l°exas r laC1 rl[ ~~ rl C®UNCII_ ACTION; Approved on 9!2712005 - ®rdiinance No. 16608-09-2005 DATE: Tuesday, September 27, 2fl05 L®C NAIVIE: 03COSALE REFERENCE N®.: ~~G-14930 SUI3JECT~ Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Capital Project Fund for Proceeds from the Sale of Certifcates of Obligation, Series 2005 and Series 2005A F~ECOIUIMEN®ATION: It is recommended that the City Council adopt an appropriation ordinance increasing estimated receipts and appropriations by $16,898,000 for the following Capital improvement Projects (CIP): sir~.i~s 2005 Zipper Building $1.798,DOO.DO TOTAL SERIES 2005 $1,798,o0D.OD SERIES 2005A EvanslRosedale Facility $4,700,000.DD Water Gardens $3,ODO,DOD.00 Southeast Landfill Raad $7,4DO,OOD.Dfl TOTAL Sl=R1i=S 2D05A $95,'f00,OQ0.00 TOTAL SERIES 2005 & 2005A $16,898,000.00 ®ISCiUSSI®N: The purpose of this M&C is to appropriate the proceeds of the sales of Certificates of Obligation (CO), Series 2005 and Series 2005A, far the projects listed above. On April 5, 2005, (Ordinance No. 16364) the City Council authorized the sale of $7,200,000.00 Certificates of Obligation for the purchase and renovation of the Zipper Building (Series 2005). On March 29, 200x, (M&C L-14052} $5,200,000 of these Certificates of Obligation were appropriated for the purchase of the Zipper Building. Also on March 29, 2005, (M&C C-20624) an additional $202,000 was appropriated for expenses related to the purchase and design of renovations to the Zipper Building. Upon approval of this M&C, the remaining balance of the original CO sale will be appropriated. On July 5, 2005, (Ordinance No. 16523) the City Council authorized the sale of $15,100,000.00 Certificates of Obligation for construction and equipping of the EvanslRosedale Redevelopment Project; the construction of improverrients to the Fort Worth Water Gardens; and construction of streets and other improvements in connection with the use by the City of the Southeast Landfill (Series 2005A). Logname: 03C4SALE Page 1 of 2 FISCAL IhIFORMATIONICERTIFICATION; The Finance Director certifies that funds are available as a result ofi the sale of Certii"ICates of Qbfigatian for the recommended apprapriatians. TO FundlAccountlCenters FROM FundlAccountlCen4ers C29D 511D6D 20107D02013D $10,DDO.DD C29D 485205 2D896DD2263D 373 854.00 C290 511D8D 20107DD20180 ~3D.DDD.DD C29D 485205 2D896D02267D $16,D49.00 C29D 541330 20107DD20180 300 DOOAO 0290 _4852D5 208960D2268D ~4.310,105.DD C290 511D60 20896DD2263D $11,286.00 C29D 4852D5 8D1490D27000 3 000 ODD.DD C29D 53120D 20896002263fl $362,568,00 P195 485205 052195DD5002 7 4D0 0.~_ Od,.,D© C290 53106D 208960022670 5 347.DD C29D 4852D5 2D1D7002093D $10,DDD.D0 0290 535020 2D89E0022670 .~347.DD C290 485205 2D107002D143 $48.000.00 C29D 535030 208960D2267D .~5 347.D0 C290 4852D5 2D1070D2D180 $1,740<OD0.00 C29D 511080 20896D022680 $21.884.00 C29D 549330 20896002268D ~SDO,D00.00 C29D 5412DD 20896D022680 3 547 321.D0 C29D 541200 801490427000 3 DOD DDD.DO P195 54120D 0521950050D2 ~7 4DD,ODOA0 C29D 541250 2D107DD20143 $48,OOD.D0 C29D 5412D0 201D7D02D180 1 410 ODD.DO C29D 5225D0 2D896DD22680 24D 90DA0 5ubmltted for City Manager's Off9ce lad: Richard Zavala (Acting} (6222} Originatlnc~ De artment Head. Bridgette Garrett (8518) Additional Information Contact: Sandy ©liver (7371) Logname: 03COSALE Wage 2 of Z