HomeMy WebLinkAboutOrdinance 14769e--.~.;
Ordinance No. / `7
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
PUBLIC EVENTS FUND IN THE AMOUNT OF $38,350,000; $19,000,000 FROM THE SALE OF
GENERAL PURPOSE BONDS, 2001A, $15,650,000 FROM THE SALE OF COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 2001A, AND $3,700,000 FROM THE SALE
OF COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2001B, FOR
THE PURPOSE OF FUNDING PHASE I AND II OF THE CONVENTION CENTER PROJECT, WATER
GARDENS PLAZA PROJECT, AND INFRASTRUCTURE IMPROVEMENTS AT WILL ROGERS,
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTNE 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 estunated receipts and appropriations in the Public Events Fund in the amount
of $38,350,000; $19,000,000 from the sale of General Purpose Bonds, 2001A, $15,650,000 from the sale of Combination Tax
and Revenue Certificates of Obligation, Series 2001A, and $3,700,000 from the sale of Combination Tax and Revenue
Certificates of Obligation, Series 2001B, for the purpose of funding Phase I and II of the Convention Center Project, Water
Gardens Plaza Project, and infrastructure uriprovements at Will Rogers.
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 prior ordinances and appropriations are hereby expressly
repealed.
SECTION 4
This ordinance shall take effect upon adoption.
APPROVED AS TO FO AND LEGALITY
Assists ity Attorney
ADOPTED AND EFFECTIVE. ~ ~ , / ~ ~ l
City of Fort Worth, Texas
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DATE REFERENCE NUMBER LOG NAME PAGE
9/11/01 G-13372 13BOND 1 of 1
SUBJECT APPROPRIATION OF PROCEEDS FROM SALE OF $19,000,000 GENERAL
PURPOSE BONDS, SERIES 2001 A, $15,650,000 COMBINATION TAX AND REVENUE
CERTIFICATES OF OBLIGATION, SERIES 2001 A, AND $3,700,000 COMBINATION
TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2001 B
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing
estimated receipts and appropriations by $38,350,000 in the Public Events Fund for the following
capital projects
General Purpose Bonds, Series 2001A
Convention Center - Phase I $ 2,750,000
Convention Center -Phase I I $16,250,000
Certificates of Obligation. Series 2001A
Convention Center-Phase II $12,150,000
Water Gardens Plaza $ 3,500,000
Certificates of Obligation, Series 2001 B
Will Rogers Infrastructure $ 3,700,000
DISCUSSION
On July 31, 2001 (M&C G-13327), the City Council authorized the sale of $19,000,000 General
Purpose Bonds to Merrill Lynch & Company; on July 31, 2001 (M&C G13328), the sale of $15,650,000
Certificates of Obligation to Morgan Stanley, Dean Witter & Company; and on July 31, 2001 (M&C G-
13329), the sale of $3,700,000 Certificates of Obligation to Coastal Securities.
This action wilt authorize funds for project contracts. Specific contracts will require additional approvals
by City Council
FISCAL IMFORMATION/CERTIFICATION
The Finance Director certifies that funds will be available for the recommended appropriations as a
result of the Juiy 31, 2001 bond and certificate sales.
CB•n
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to) ~P~Q~~~
C192 541200 Various $38,350,000.00 ~~ t 1,,,
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Charles Boswell 8511
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Originating Department Head: ,~
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Jim Keyes 8517 (from) y~ }
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Additional Information Contact: CitF ~~creL-+rp of fh~
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Judy Walton 8334
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