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HomeMy WebLinkAboutOrdinance 14645~'' /-~ Ordinance No. ~~/ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER CAPITAL PROJECT FUND IN THE AMOUNT OF $1,500,000 AND IN THE SEWER CAPITAL PROJECT FUND IN THE AMOUNT OF $1,500,000 FROM INCREASED REVENUES FOR THE PURPOSE OF FUNDING PRELIMINARY WORK PRIOR TO THE AWARD OF DESIGN AND CONSTRUCTION CONTRACTS AND WATER AND SEWER REHABILITATION PROJECTS,. 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 2000-01 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water Capital Project Fund in the amount of $1,500,000 and in the Sewer Capital Project Fund in the amount of $1,500,000 from increased revenues for the purpose of funding preliminary work prior to the award of design and construction contracts and water and sewer rehabilitation 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. 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in which instance said conflicting provisions of said pnor ordinances and appropriations are hereby expressly repealed. SECTION 4 This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY Assistant Ci ttorney ADOPTED AND EFFECTIVE. City of Fort Worth, Texas ~1-~A~u~ un~l ~,uunc~l untinun;c~r~ian C DATE REFERENCE NUMBER LOG NAME PAGE 6/5/01 **G-13260 601NTEREST 1 of 1 SUBJECT APPROPRIATION ORDINANCE FOR WATER AND SEWER INTEREST FUNDS RECOMMENDATION It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $1,500,000 in the Water Capital Projects Fund and $1,500,000 in the Sewer Capital Projects Fund from increased revenues from interest earnings DISCUSSION These funds are recommended for appropriation into Unspecified Projects. The Water Department uses the balances in Unspecified Projects to transfer to specific projects in order to provide for the preliminary work prior to the award of design and construction contracts. These funds may also be used to cash- finance water and sewer rehabilitation projects that will be competitively bid and presented to Council as contracts are to be awarded The Unspecified Project balances are low and this action is necessary to continue to provide funding for the preliminary work as indicated above and for the Water Department to continue with facilities replacements in conjunction with the Transportation and Public Works Capital Improvements Program FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon adoption of the attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of the Water and Sewer Capital Projects Fund MG k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) PW53 441012 060530159010 $1,500,000.00 Mike Groomer 6140 PS58 441012 070580139010 I~PROYED $1,500,000.00 Originating Department Head: PW53 541200 060530159010. $1,500,000.00 CIT Y COUNCI PS58 541200 070580139010 $1,500,000.00 Dale Fisseler 8207 (from) JUN 5 2t1~1 Additional Information Contact: ` ~~/ Cary >lacrM~T of tAo Jesus Chapa 8819 Qi ot.Foct r/ostA, Adopted Ord~nancs Na,