HomeMy WebLinkAboutOrdinance 14513~~
Ordinance No ~ . r ~/l
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
STATE REVOLVING FUND-SEWER IN THE AMOUNT OF $8,080,000 FROM AVAILABLE FUNDS
FOR THE PURPOSE OF FUNDING THE CONSTRUCTION OF IMPROVEMENTS TO THE
WASTEWATER COLLECTION AND TREATMENT SYSTEMS, MAKING THIS ORDINANCE
CUMULATNE 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 2000-01 and in the Budget of
the City Manager, there shall also be increased estimated receipts in the State Revolving Fund-Sewer in the amount of
$8,080,000 from available funds for the purpose of funding the construction of improvements to the wastewater collection and
treatment systems.
SECTION 2.
That should any pornon, 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. 14286 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repealed.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 and be in full force after the date of rts passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant Attorney
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Date
ap'j~ / 3 2vo
Adopted
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Effective
City of Fort Worth, Texas
~I~A~or And Council C,a1r11r1~In1CAt`10n
DATE REFERENCE NUMBER LOG NAME PAGE
2/13/01 **G-13157 60SEWERSYS 1 of 1
SUBJECT APPROPRIATION ORDINANCE FOR $8,080,000 SEWER SYSTEM SUBORDINATE
LIEN REVENUE BONDS SERIES 2001
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing
estimated receipts and appropriations by $8,080,000 in the State Revolving Fund-Sewer for the
construction of improvements to the wastewater collection and treatment systems.
DISCUSSION
On January 23, 2001 (M&C G-13137), the City Council approved Ordinance No 14496 authorizing the
sale of $8,080,000 Sewer Subordinate Lien Revenue Bonds to the Texas Water Development Board
The $8,080,000 bond proceeds are to be used by the Water Department to provide permanent
financing of the installation and purchase of the Village Creek Gas Turbine Energy Reuse project.
The project was initially funded with commercial paper and impact fees until permanent financing could
be secured through either State Revolving Loan Funds or a third-party lease The use of State
Revolving Loan Funds has been determined to be the most cost effective method for permanent
financing of this project. All funds are being appropriated into unspecified accounts to be transferred
into the appropriate project accounts to reimburse the previously used commercial paper and impact
fees.
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that funds are available in the State Revolving Fund-Sewer as a result of
the January bond sale for the recommended appropriations.
MG.k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PE42 488112 070420169010. $8,080,000 ~RVYEQ
Mike Groomer 6140 PE42 541200 070420169010 $8,080,000 CITY COUNCI~I
Originating Department Head:
FEB 1S 2001
Dale Fisseler 8207 (from)
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Additional Information Contact: ~'•
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Adopted Ord'+na~ce No., ys!3