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HomeMy WebLinkAboutOrdinance 20953-09-2013 ORDINANCE NO. 20953-09-2013 AN ORDINANCE SETTING FORTH AN ESTIMATE OF THE EXPENSE OF THE GENERAL DEBT SERVICE FUND OF THE MUNICIPAL GOVERNMENT OF THE CITY OF FORT WORTH FOR THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2013, AND ENDING SEPTEMBER 30, 2014, AND APPROPRIATING MONEY FOR THE GENERAL DEBT SERVICE FUND AND PURPOSE OF SUCH ESTIMATE; APPROPRIATING MONEY TO PAY INTEREST AND PRINCIPAL SINKING FUND REQUIREMENT ON ALL OUTSTANDING GENERAL INDEBTEDNESS; PROVIDING FOR PUBLIC HEARINGS UPON THIS ORDINANCE BEFORE THE ENTIRE CITY COUNCIL SITTING AS A COMMITTEE OF THE WHOLE; AND PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING A SAVINGS CLAUSE FOR THE REPEAL OF ALL ORDINANCES AND APPROPRIATIONS IN CONFLICT WITH THE PROVISIONS OF THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION AND FINAL PASSAGE THEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the appropriation for the ensuing fiscal year beginning October 1, 2013, and ending September 30, 2014, for General Debt Service Fund, for the purpose of paying interest and principal and creating a sinking fund for all outstanding general indebtedness be estimated as $79,838,122. SECTION 2. That all appropriation ordinances approved by the City Council effecting this budget for the ensuing fiscal year beginning October 1, 2013, and ending September 30, 2014, are hereby ratified and incorporated into the same. Ordinance No.20953-09-2013 Page 1 of 3 SECTION 3. That the distribution and division of the above named appropriations be made in accordance with the budget of expenditures submitted by the City Manager and as revised by the City Council in accordance with the provisions of the City Charter and adopted by the City Council, which budget is on file with the City Secretary , incorporated herein, and made a part of this ordinance by reference thereto and shall be considered in connection with the expenditures of the above appropriations. SECTION 4. That on Tuesday, August 13, 2013, the City Manager presented to the City Council his budget estimate; that the City Council of the City of Fort Worth shall sit as a corrunittee of the whole in the Council Chamber at the City Hall in the City of Fort Worth on the 20`"day of August, A.D. 2013, at 10:00 o'clock A.M., to hear any complaints, suggestions, or observations that any citizen, taxpayer, or party interested may desire to make with reference to any or all of the provisions of this ordinance; and that such committee shall continue its deliberations from time to time and day to day until the public has been given a full opportunity to be heard. SECTION 5. That should any part,portion, section,or part of a section of this ordinance be declared invalid or inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion, or judgment shall in no way affect the remaining portions, parts, sections, or parts of sections of this ordinance, which provisions shall be, remain, and continue to be in full force and effect. Ordinance No,20953-09-2013 Page 2 of 3 SECTION 6. That all ordinances and appropriations for which provisions have heretofore been mode are hereby expressly repealed if in conflict with the provisions of this ordinance. SECTION 7. That following the commencement of the public hearings for vvbiok provision has been made in accordance with the preceding section 4, this ordinance shall take effect and briufull force and effect from and after the date of'its passage and publication om required by the Charter nf the City nf Fort Worth, and itiasoordained. APPROVED ASTOFORM AND LEGALITY: Sarah J. ullenwider City At;K)Mey Introduced nn First Reading: August 2Q,2M Adopted: ATT EST: aary J. K' a"y City Secretary 0ruiouuocNo.z0vzs-09-z0|2 Page 3 of 3