HomeMy WebLinkAboutOrdinance 14897k
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Ordinance No. P ~V J
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER AND SEWER CAPITAL PROJECT FUND IN THE AMOUNT OF $50,000,000 FROM THE
SALE OF WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 2001, FOR THE PURPOSE
OF FUNDING VARIOUS WATER AND SEWER 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 2001-02 and in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations m the Water and Sewer Capital Project
Fund in the amount of $50,000,000 from the sale Water and Sewer Revenue Bonds, Series 2001, for the purpose of funding
various water and sewer 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 remainuig provisions shall be and remain in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No. 14745 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repealed.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 ttorney
ADOPTED AND EFFECTIVE. l~' J S' O /
City of Fort Worth, Texas
~I~A~ar And Council C,anrtn~un~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
12/18/01 **G-13467 60PROCEEDS 1 of 1
SUBJECT APPROPRIATION ORDINANCE FOR APPROPRIATION OF $50,000,000 IN PROCEEDS
FROM WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 2001
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $50,000,000 in the Water and Sewer Capital Project Funds from proceeds
of the sale of Water and Sewer System Revenue Bonds, Series 2001
DISCUSSION
On December 11, 2001, the City Council adopted Ordinance No 14879 authorizing the issuance and
sale of City of Fort Worth, Texas, Water and Sewer System Revenue Bonds, Series 2001
The $50,000,000 will be distributed to projects where contracts have been awarded by the City Council
througfi the commercial paper line of credit authorization
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that funds are available in the Water and Sewer Capita! Project Funds for
the recommended appropriations as a result of the December 2001 bond sale
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Submitted for City Manager's FUND ACCOUNT CEN'T'ER AMOUNT CI'T'Y SECRETARY
Office by: (to)
P160 488102 060160159010 $41,000,000 ~PP~OV~D
Mike Groomer 6140 P170 488102 070170139010 $ 9;000,000 t i
n
Originatin
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artment Head:
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P170 541200 070170139010 $ 9,000,000
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