HomeMy WebLinkAboutOrdinance 15906s
Ordinance No D
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE WATER AND SEWER CAPITAL PROJECT FUND IN THE AMOUNT QF
$50,800,000.00 FROM THE SALE OF REVENUE BONDS, SERIES 2004 FOR THE
PURPOSE FUNDING WATER AND SEWER INFRASTRUCTURE, 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 2003-2004 in the
Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Water and Sewer Capital Project Fund in the amount of $50,800 000 00 from the sale of Revenue Bonds,
Series 2004 for the purpose of funding water and sewer infrastructure.
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 15636 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ordinances and appropriations are hereby expressly repealed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.
APPRO ED AS TO FORM AND LEGALITY
~~
Assistant i Attorney
ADOPTED AND EFFECTIVE. ~~
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 3/11/2004 Ordinance No 15906
DATE Thursday March 11 2004
LOG NAME. 60BOND REFERENCE NO *G-14293
SUBJECT
Appropriation Ordinance for Appropriation of $50 800 000 in Proceeds from Water and Sewer
Revenue Bonds Series 2004
RECOMMENDATION
It is recommended that the City Council adopt the attached ap{~ropriation ordinance increasing estimated.
receipts and appropriations by $50 800 000 in the Water and Sewer Capital Project Funds for water and
sewer infrastructure
DISCUSSION
On December 13 2003 the City Council adopted Ordinance No 15796 authorizing the issuance and sale
of Revenue Bonds Series 2004
The $50 800 000 will be distributed to projects where contracts have been awarded by City Council through
the commercial paper line of credit authorization
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that funds are available in the Water and Sewer Capital Projects Fund as a
result of the Water and Sewer Revenue Series 2004 sale
TO Fund/Account/Centers
FROM Fund/Account/Centers
P162 488 X02 060162159010 $37:683.744.02
P172 488102 070172139010 $13.116.255.98
P162 541200 060162159010 $37.683.744.02
P172 541200 070172139010 $13.116.255.98
Submitted for City Manager's Office by Marc Ott (8476)
Originating Department Head Dale Fisseler (8207)
Additional Information Contact: Dale Fisseler (8207)
Lo~name 60BOND Page 1 of 1