HomeMy WebLinkAboutOrdinance 20976-09-2013 Ordinance No
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
AyPR( YKlA77ONXDN THE SEWER CAPITAL PROJECTS FUND IN THE AMOUNT
OF $4,016.66300. FROM AVAILABLE FUNDS, FOR THE PURPOSE OF PAY/'4Q
DEBT /\88OCI-ATED WITH IMPACT FEE ELIGIBLE PKO]BCTS� PROVIDING FOR
A 8BVERUBILD,Y CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN' CONFLICT
8B8EYVU.B; AND PROVIDING &N EFFECTIVE DATE.
BBlT ORDAINED BY THE CITY COUNCIL OF THE CITY 0P FORT WORTH,
TEXAS:
SECTION 1.
That io addition to those amounts allocated Nthe various City departments for Fiscal Year 2O)2-20)] iuthe
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Sewer
Capital Projects Fund iu the amount o{$4.0l6'66J8O^ from a,ui]u6|u funds, for the purpose u[paying debt
associated with impact fee eligible projects.
SECTION 2.
That should any portion, section oc part ofa section of this ordinance hedeclared 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, oeodouc, or parts of sections of this mrdiououu, vvbiob said remaining
provisions shall bc and remain iufull force and effect.
SECTION 3.
That i6iz ordinance shall be cumulative of Ordinance No. 20411-09-2012 and all other ordinances and
appropriations amending the same except iu those instances where the provisions o[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of said prior ordinances and appropriations are hereby expressly repealed,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,
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APPROVED&STOFORM NND LEGALITY: ~/
ADOPTED AND EFFECTIVE:5eptember 24.201-3
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/24/2013 - Ordinance Nos. 20976-09-2013 and 20977-09-
2013
DATE: Tuesday, September 24, 2013 REFERENCE NO.: C-26484
LOG NAME: 60IMPACT FEE REVENUES
SUBJECT:
Adopt Appropriation Ordinances Increasing Estimated Receipts and Appropriations in the Amount of
$6,623,000.00 in the Water Capital Projects Fund and in the Amount of$4,016,663.00 in the Sewer Capital
Projects Fund and Authorize the Transfer in the Total Amount of$10,639,663.00 to the Water and Sewer
Fund for the Purpose of Paying Debt Associated with Impact Fee Eligible Projects (ALL COUNCIL
DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinances increasing estimated receipts and appropriations
in the Water Capital Projects Fund in the amount of$6,623,000.00 and in the Sewer Capital
Projects Fund in the amount of$4,016,663.00 from impact fees; and
2. Authorize the transfer in the amount of$6,623,000.00 from the Water Capital Projects Fund
and in the amount of$4,016,663.00 from the Sewer Capital Projects Fund to the Water and
Sewer Fund in the total amount of$10,639,663.00 for the purpose of paying debt associated
with impact fee eligible projects.
DISCUSSION:
During the retail cost of service studies, it was determined that the use of impact fee revenues could lower
the amount of water and sewer service revenue required to balance Fiscal Year 2012-2013 budgeted
revenues and expenditures. While Section 35-70.9 (b)of the City Code "Use of proceeds of impact fee
accounts" prohibits the use of impact fees for operating expenses, the proceeds can be used to pay
principal and interest on debt associated with projects eligible to be funded by impact fees. By transferring
the total amount of$10,639,663.00 ($6,623,000.00 from Water Impact Fee revenue and $4,016,663.00
from Wastewater Impact Fee revenue)to the Water and Sewer Fund, sufficient revenues will be available
to pay principal and interest on existing revenue bonds used to fund impact fee eligible projects.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the Water and Sewer Fund and Water and Sewer Capital Projects Funds.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
1) PS58 441012 070580200040 $2,000,000M 2) PS58 538040 070580200040 $2,000,000.00
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1) PS58 538040 070580200040 $2,000,000.00 2) PS58 538040 070580200050 $2,016,663.00
1) PS58 441012 070580200050 $2,016,663.00 2) PW53 538040 060530200040 $2,000,000.00
1) PS58 538040 070580200050 $2,016,663.00 2) PW53 538040 060530200050 $4,623,000.00
1) PW53 488013 060530200040 $2,000,000.00
1) PW53 538040 060530200040 $2,000,000.00
1) PW53 488023 060530200050 $4,623,000.00
1) PW53 538040 060530200050 $4,623,000.00
2)PE45 476058 0701000 $4,016,663.00
2) PE45 476053 0601000 $6,623,000.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: S. Frank Crumb (8207)
Additional Information Contact: Jan Hale (8438)
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