HomeMy WebLinkAboutOrdinance 20977-09-2013 Ordinance No. 20977-09-2013
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER CAPITAL PROJECTS FUND IN THE AMOUNT
OF $6,623,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF PAYING
DEBT ASSOCIATED WITH IMPACT FEE ELIGIBLE PROJECTS; 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 2012-2013 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Water
Capital Projects Fund in the amount of$6,623,000.00, from available funds, for the purpose of paying debt
associated with impact fee eligible 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 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 No. 20411-09-2012 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of said prior ordinances and appropriations are hereby expressly repealed.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:
V )_
Assistant Oity Attorney „ Ma yrJ.KayC�r�, .i � etary
ADOPTED AND EFFECTIVE: September 24,2013
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/2412013 - Ordinance Nos. 20976-09-2013-and 20977-09-
20`1°3
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) P358 441012 070580200040 $2,000,000,00 2) PS58 538040 070580200040 $2,000,000.00
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1) PS58 538040 070580200040 X000,000.00 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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