HomeMy WebLinkAboutOrdinance 18954-12-2009Ordinance No. 18954-12-2009
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE STORM WATER REVENUE BONDS SERIES 2009 FUND IN THE AMOUNT OF
$45,698,387.14, FOR CAPITAL IMPROVEMENTS TO THE STORM WATER
INFRASTRUCTURE SYSTEM; 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 BYTHE CITYCOUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2010, there shall
also be increased appropriations in the Storm Water Revenue Bands Series 2009 fund in the amount of
$45,698,381.14, for capital improvements to the Storm Water infrastructure system,
SECTION 2.
That should any por#ion, section or part of a section of this ordinance be declared invalid, inoperative or void
far any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way
impair the remaining portions, sections, or pars 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.18809and 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ordinances and appropriations are hereby expressly repealed.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:
i `~~
Assistant Cit torney
ADOPTED AND EFFECTIVE: December 8, 2009
City of Fort Worth, Texas
Mayor and Council Communication
;r`... ~.,«, ,{ ~.... , w " F $ :.:k ";e ~ tr„ •, \;a '3' ''". ; b kca, {• , ;v, "\te, . 1 9
:,. , . , ,
s`~~ a r33d~`~ ,\~E,~t,.~`fatSF,~,. , ~r-A~Car..; > Sd'. ~, :;e.. ,d4„ o<o„ '~.~,U":~ @\:k.,. ,."i~`~~9r~::?3','?~~~ a ,. ~ ~~,; ti , k w ~ ~lvE\s\ .~1•t.\`~l\\\\:~~\\b~~'~,v~~,. m ~':~~`\\~~~. 10~6t, ,F. F.. `c.~\„ fit,\"ox~..., .... 1, ~1~~3r la k ~.u`\'~o~`Rv'~ :~
~oUNCIL ACT~oN Approved a~n ~~'51~~0~ ~ ord. No. ~ 8954-~ 2~~~~9
,. , . ,~ ,{ ,
,~~, ,,, ., „ ~ :: ., ':~; ,' ,~~~ 1 v' .,,cff n 111E , ... ... ,1.. , 1, ~
1 '( l
i. , o.. ,,\,, ..,.a *. '`~~ ~ ':\5~,,;~1,.~3?~Rl~~'@\:'~k,'~,.:.;~,._,.......x._.....\, ~xx. ,\..~~..~~ ~~;~l,tia~"'py>~~~llq~.~,q ,~,,,` v ..u~ ~~ y1~ W~. ~• w~1~.:. 1, ,.. ..,..,::.:.. •,..«,, ~,. ,.: e•.,,. „ . ,..,.,,.
~~4~........:Y,.:::......X11`.l~`.Al+\n..:::nl•:!~?Y{t,'NMOtic;+cP•\~d,},,,~~1~\,V\'.}:,~.ll'~~;.~:,,;:.':V&:q~..:.:iR:.~~~~~'•b~~•:IS?~~A4@k ~•:N:t:.;.~,~~..~~.y,~~ ,~'1'~1~?11~~ ~ ..~.''~: ~q,,~: Wit.:::::..,,,{.,,ext.. gy~pp,: •A fl::~\l?\+~~~++,,~~, 1.?~'.,'.. \c
DATE: Tuesday, December 08, 2009
LoG NAME: 20REVB4ND09APPR
REFERENCE N4.: G-16782
SUBJECT:
Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Storm Water
Revenue Bonds Series 2009 for Proceeds from the Sale of Drainage Utility Revenue Bonds, Series 2009 in
the Amount of $45,698,35?.14
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $45,698,351.14 in the Storm Water Revenue Bonds Series 2009 for capital
improvements to the Storm Water infrastructure system.
DISCUSSION:
0n September 22, 2009, ~M&C G-16716, Ordinance No. 15538-09-2009} the City approved the issuance
and sale of $45,OD0,000.00 in revenue bonds for Storm Water Capital projects. The winning bidder added
a premium of $508,381.14 and bond issuance costs of $190,000.00. This M&C appropriates a total of
$45,695,351.14 into the new Drainage Utility Revenue Bonds, Series 2009 Capital Projects Fund so that
they may be used for 2010 and 2011 Storm Water Capital projects.
This is the second Revenue Bond sale for the Drainage Utility Revenue Bonds and proceeds will fund
Storm Water capital infrastructure projects scheduled in Fiscal Year's 2010 and 2011. These projects
include storm drain improvements, roadway culvert improvements, erosion protection improvements and
the rehabilitation or replacement of existing Storm Water infrastructure.
FISCAL INFORMATION I CERTIFICATION:
The Financial Management Services Director certifies that upon adoption of the attached appropriation
ordinance, funds will be available in the current capital budget, as appropriated, of Storm Water Revenue
Bonds Series 2009.
FUND CENTERS:
TD FundlAccountlCenters
P221 485249 __ 2011289990.1.00 $45L190 044.40
P227__ 441.020 201 X89990100 $5081381,14
P221 ___ 541.00 201289990.1.00 ~45~6981381.14
CERTIFICATIONS:
Submitted for City Manager's Office by:
originating Department Head:
FROM FundlAccountlCenters
Fernando Costa (6122)
William Verkest (7801)
Logname: 2QREVB~ND09APPR Page i of 2
Additional Informa#ion Contact: Joe Kom~sarz ~2662~
Logname: 20REVBONDO9APPR Page 2 of 2