HomeMy WebLinkAboutOrdinance 15365~ro ~^
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u. J ORDINANCE NO ~~~~~'rs~J
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER AND SEWER CAPTTAL PROJECT
FUND IN THE AMOUNT OF $10,560,000 FROM AVAILABLE FUNDS FOR
THE PURPOSE OF FUNDING CONSTRUCTION OF WATER AND SEWER
MAINS FOR SENDERA RANCH DEVELOPMENT BY REVENUE BOND FROM
TRINITY RIVER AUTHORTI'Y OF TEXAS, PROVIDING FOR A SEVERABILTTY
CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES AND REPEALING ALL 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 the Fiscal Year 2001/02 and in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Water and Sewer Capital Project Funds in the amount of $10,560,000 from available funds for the purpose of
funding construction of water and sewer mains for Sendera Ranch Development.
SECTION 2.
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and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorney
ADOPTED AND EFFECTIVE. '~ I ~ -D~.
City of Fort Worth, Texas
Mayor and Council Communication
DATE
12/17/02 REFERENCE NUMBER
**G-13831 LOG NAME
60TRINITY PAGE
1 of 1
SUBJECT APPROPRIATION ORDINANCE FOR $10,560,000 REVENUE BOND FROM TRINITY
RIVER AUTHORITY OF TEXAS FOR CONSTRUCTION OF WATER AND SEWER
MAINS FOR THE SENDERA RANCH DEVELOPMENT
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $10,560,000 in the Water and Sewer Capital Projects Funds for
construction of water and sewer mains for the Sendera Ranch development.
DISCUSSION
On December 11, 2001 (M&C C-18878), the City Council approved a Developer's Agreement between
the City of Fort Worth and Sendera Ranch, Ltd One of the requirements of this agreement was that
the City would construct offsite sanitary sewer mains from an existing sewer main in the Trinity River
Authority service area, east of the development to the southeastern boundary of the development. In
addition, the City agreed to construct offsite water mains to serve the development.
On May 2, 2002 (M&C C-19112), the City Council approved an agreement between the City of Fort
Worth and the Trinity River Authority (TRA) of Texas for financing the construction of offsite water and
sewer mains for the Sendera Ranch development. This agreement provides for the TRA to issue
bonds payable from and secured by payments made by the City, sufficient to fund the cost of design
and construction of the required facilities in the amount of $10,560,000
The $10,560,000 bond proceeds must be appropriated to be used by the Water Department in the
construction of the water and sewer infrastructure necessary to serve the Sendera Ranch development.
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that funds will be available in the Water and Sewer Capital Projects Funds
as a result of the TRA bond sale
MO k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
P160 488104 060160151850 $5,000,000.00
Marc Ott 6122 P170 488104 070170131840 $4,660,000 00
Originating Department Head: P171 488104 070171280030 $ 900,000.00
P160 541200 060160151850 $5,000,000.00
P170 541200 070170131840 $4,660,000.00
P171 541200 070171280030 $ 900;000.00
Dale Fisseler 8207 (from) APPROVED 12/17/02
ORDINANCE NO 15365
Additional Information Contact:
Dale Fisseler 8207