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HomeMy WebLinkAboutOrdinance 14283r '.- Ordinance No / //~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER CAPITAL PROJECTS FUND IN THE AMOUNT OF $25,000,000 FROM THE SALE OF WATER AND SEWER REVENUE BONDS, SERIES 2000 FOR THE PURPOSE OF FUNDING VARIOUS CONTRACTS THAT WERE AWARDED THROUGH THE COMMERCIAL PAPER LINE OF CREDIT, PROVIDING FORA 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 1999-00 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water and Sewer Capital Projects Fund in the amount of $25,000,000 from the sale of Water and Sewer Revenue Bonds, Series 2000 for the purpose of funding various contracts that were awarded through the commercial paper line of credit. 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 remauiing 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. 13886 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in duect 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY Assistant City Attorney Date O ~/~©~ Adopted ;Z ~- O d Effective ,,~~ City of Fort Worth, Texas u or and aun~i( ~c~n~inun~cu~on ~~ ~ ~ DATE REFERENCE NUMBER LOG NAME PAGE 8/1/00 **G-12971 60PROCEEDS 1 of 1 SUBJECT APPROPRIATION OF $25,000,000 PROCEEDS FROM WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 2000 RECOMMENDATION It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $25,000,000 in the Water and Sewer Capital Projects Funds from proceeds of the sale of Water and Sewer System Revenue Bonds, Series 2000 DISCUSSION On July 18, 2000, the City Council adopted Ordinance No 14270, authorizing the issuance and sale of City of Fort Worth, Texas, Water and Sewer System Revenue Bonds, Series 2000 The $25 million wi11 be distributed to projects where contracts have been awarded by the City Council, through the commercial paper line of credit authorization FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that funds are available in the Water and Sewer Capital Projects Funds for the recommended appropriations, as a result of the July bond sale MG:k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) P160 485200 060160159010 $16,000,000.00 APPROVED Mike Groomer 6140 P170 485200 070170139010 $ 9,000,000 00 CIT l COUNCIL Originating Department Head: P160 541200 060160159010 $16,000,000.00 P170 541200 070170139010 $ 9,000,000.00 AUG j 2000 Dale Fisseler 8207 (from) (l,, ~I Additional Information Contact: /_ :iL~'YC~3tct1:$ 4~ dhe f lt ,. y City o. F~rt'7~~oa~4h,'Ea-:ca~ Dale Fisseler 8207 l~~~w~tecl Ord;Hance ~'o, /~~