HomeMy WebLinkAboutOrdinance 21841-08-2015 ORDINANCE NO. 21841-08-2015
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SEWER CAPITAL PROJECTS FUND (PS58) IN THE AMOUNT OF $2,639,672.00,
FROM IMPACT FEES, FOR THE PURPOSE OF FUNDING DEBT PAYMENTS
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 2014-2015 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Sewer
Capital Projects Fund (PS58) in the amount of$2,639,672.00, from impact fees, for the purpose of funding debt
payments 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. 21457-09-2014 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ordinances and appropriations are hereby expressly repealed.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:
Denis C�. y ;lroy, Se for Asst. City Attorney May. °r pity" ."ccretarY
ADOPTED AND EFFECTIVE: August 25, 2015
Ordinance No.21841-08-2015
Page 1 of 1
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 8!25!2015 - Ordinance Nos. 21841-08-2015 & 21'842.08-
2015
DATE: Tuesday, August 25, 2015 REFERENCE NO.: **G-18540
LOG NAME: 601 PACT FEE TRANSFER 2015
SUBJECT:
Adopt Appropriation Ordinances Increasing Estimated Receipts and Appropriations in the Amount of
$5,623,005.00 in the Water Capital Projects Fund and in the Amount of$2,639,672,00 in the Sewer Capital
Projects Fund and Authorize Transfer in the Total Amount of$8,262,677.00 to the Water and Sewer
Operating Fund for the Purpose of Paying Debt Associated with Impact-Fee-Eligible Projects (ALL
COUNCIL DISTRICTS)
..........
RECOMMENDATION:
It is recommended that the City Councils
1. Adopt the attached appropriation ordinances increasing estimated receipts and appropriations in the
Water Capital Projects Fund in the amount of$5,623,005.00 and in the Sewer Capital Projects Fund in the
amount of$2,639,672.00 from impact fees; and
2. Authorize the transfer t o t he Water and Sewer Operating Fund in the total amount of$8,262,677.00
($5,623,005.00 from the Water Capital Projects Fund and $2,639,672.00 from the Sewer Capital Projects
Fund)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 2014-2015 budgeted
revenues and expenditures. it 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, those proceeds can be used t o p ay
principal and interest on debt associated with projects eligible to be funded by impact fees.
This transfer of the total amount of$8,262,67"7.00 ($5,623,005.00 from Water Impact Fee revenue and
$2,639,672.00 from Wastewater Impact Fee revenue) to the Water and Sewer Operating Fund will be
used 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 reco rn mend ations
and adoption oft e attached appropriation ordinances, funds will be available in the current FY2015
operating budget, as appropriated, of the Water and Sewer Fund and Water and Sewer Capital Projects
Funds., In the Water Capital Projects Fund (PW53) current unappropriated revenue exists in the amount
of$10,617,077,,00. After appropriation and transfer of$5,623,005.00 to the Water and Sewer Fund, the
unappropriated revenue will be $4,994,072. In the Sewer Capital Projects Fund (PS58) current
unappropriated revenue exists in the amount of$8,378,600.00. After appropriation and transfer of
$2,639,672 to the Water and Sewer Fund, the unappropriated revenue will be $5,738,928.00.
Loglianie: 60IM PACT FEE TRANSFER 2015 Page 1 of 2
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers.
11 PS58 488343 070580200040 000.00 $500,000.00
1LEa58 538040 07 580200040 $500x0 0 0..00 2) PS58 538040 070580200050 IZJ1_9672 00
1) PS5 480353 070580200050 $2139,672,00 2LEW53 538040 060530200040 $4,000,000.00
1) PS 58 538040 070580200050 $2,139,672.00 2) PW53 538040 060530200050 $1,6.23.005.00
1) P r53 488013 060530200040 $4000,000.00
1) PW53 538040 060530200040 $4,000,000.00
1) PW53 488023 060530200050 $1,623,005.00
1) PW53 538040 060530200050 11&2_3005.00
2) PE45 476053 0601000 $5,623,005.00
476058 0701000 $2.639,672.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: John Carman (8246)
Additional Information Contact: Jan Hale (8438)
Log e: 60I ACT FEE TRANSFER 2015 Page 2 of 2