HomeMy WebLinkAboutOrdinance 15489Ordinance No.
1 ~ ~__~__
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE 1998 STREET IMPROVEMENT CAPITAL
IMPROVEMENT PROJECT IN THE AMOUNT OF $2,975,000.00 AND IN THE
FIRE SERVICES CAPITAL IMPROVEMENT PROJECT IN THE AMOUNT OF
$400,000.00 FROM THE SALE OF GENERAL PURPOSE BONDS, SERIES 2003
FOR THE PURPOSE OF FUNDING VARIOUS 1998 CAPITAL IMPROVEMENTS;
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 2002-
2003 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the 1998 Street Improvement Capital Improvement Project in the amount of
$2,975,000.00 and in the Fire Services Capital Improvement Project in the amount of $400,000.00
from the sale of General Purpose Bonds, Series 2003 for the purpose of funding various 1998
Capital Improvements.
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. 15184 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
APP OVE S T FORM AND LEGALITY:
Assist t City Attorney
ADOPTED AND EFFECTIVE: "f oZJ ~I O.3
City of Fort YVo~t1i, ~'exas
1
DATE REFERENCE NUMBER LOG NAME PAGE
3/25/03 *~G-13919 02BONDS 1 of 2
SUBJECT CAPITAL IMPROVEMENT PROGRAM PROJECT APPROP..RIATION ORDINANCE
FOR PROCEEDS FROM SALE OF GENERAL PURPOSE BONDS, SERIES 2003 AND
CRITICAL CAPITAL PROJECTS APPROPRIATION ORDINANCE FOR PROCEEDS
FROM SALE OF CERTIFICATES OF OBLIGATION, SERIES 2003
RECOMMENDATION:
It is recommended that the City Council:
Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$3,375,000 for Capital Improvement Program (CIP) Projects as follows:
STREET IMPROVEMENTS:
1998 Capital Improvement Program: ;
Regional Projects -City Participation $1,600,000
Arterial Street and Urban Design $ .200,000
Neighborhood Streets $ 675,000
Preliminary Engineering $ 500,000
FIRE SERVICES:
1998 Capital Improvement Program
$ 400,000
2: Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$19,880,000 for Critical Capital Projects as follows:
STREET IMPROVEMENTS:
Neighborhood Streets
New Development Match for Community
Facilities Agreement in Parks
West Rosedale Street, Forest Park Boulevard to Main Street
East Rosedale Street, I-35 to US287
East Rosedale Street, US287 to I-820
Phase IV Meacham Noise Mitigation
Meacham 16L/34R Runway Reconstruction,
.City Match for Various TxDOT Projects
DISCUSSION:
$8,000,000
$ 400, 000
$ 427,833
$3,016,000
$2,240,000
$ 62,500
$2,780,000
$2,953,667
The City Council authorized the sale of $42,560,000 General Purpose Bonds for Capital Improvements
and $19,880,000 Certificates of Obligation for Critical Capital Projects on March 18, 2003, Ordinance
No. 15479 and Ordinance No. 15480 respectively, to address needs identified with the 1998. CIP.
City of ~'o~t Wo~t1i, Texas
M,~Ayar And Council CommanicAt~an
DATE
3/25/03 REFERENCE NUMBER
*~G-'93919 LOG NAME
02BONDS PAGE
2 of 2
suB.IECT CAPITAL IMPROVEMENT PROGRAM PROJECT APPROPRIATION ORDINANCE
FOR PROCEEDS FROM SALE OF GENERAL PURPOSE BONDS, SERIES 2003 AND
CRITICAL CAPITAL PROJECTS APPROPRIATION ORDINANCE FOR PROCEEDS
FROM SALE OF CERTIFICATES OF OBLIGATION, SERIES 2003
Of the $42,560,000, all but $3,375,000 will fund 1998 CIP Projects previously appropriated under the
authority of the City's Commercial Paper Program, used as interim financing approved by the City Council on
May 26, 1998, M&C G-12220.
The amount of $19,880,000 in Certificates of Obligation will provide appropriation authority to address
the remainder of the $45 million Critical Capital Projects which were approved by City Council in
December, 2000.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available as a result of the March 18, 2003 sale for the
recommended appropriations.
BG:r
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
(1) C115 541200 020115021901 $1,600,000.00
Bridgette Garrett (Acting) 6183 (1) C115 541200 020115023901 $ 200,000.00
Originating Department Head: (1) C115 541200 020115040901 $ 675,000.00
(1) C115 541200 020115095501 $ 500,000.00
(1) C132 541200 020132011039 $ 400,000.00
(2) C116 541200 020116040901 $8,000,000.00
(2) C116 541200 020116021103 $ 427,833.00
(2) C116 541200 020116021216 $3,016,000.00
(2) C116 541200 020116021222 $2,240,000.00
(2) C116 541200 020116021901 $2,953,667.00
(2) GC24 541200 055240438500 $ 62,500.00
(2) GC24 541200 055240438510 $2,780,000.00
(2) C181 541200 020181051010 $ 400,000.00
Jim Keyes 8517 (1) C115 485203 020115021901 $1,600,000.00 APPROVED 3/25/03
Additional Information Contact: (1) C115 485203 020115023901 $ 200,000.00 ORD. #15489.
(1) C115 485203 020115040901 $ 675,000.00 ORD. #15490
(1) C115 485203 020115095501. $ 500,000.00
(1) C132 485203 020132011039 $ 400,000.00
(2) C116 485203 020116040901 $8,000,000.00
(2) C116 485203 020116021103 $ 427,833.00
(2) C116 485203 020116021216 $3,016,000.00
(2) C116 485203 020116021222 $2,240,000.00
(2) C116 485203 020116021901 $2,953,667.00
(2) GC24 485203 055240438500 $ 62,500.00.
(2) GC24 485203 055240438510 $ 2,780.00
Sandy Oliver .7871 (2) C181 485203 020181051010 $ 400,000.00