HomeMy WebLinkAboutOrdinance 13911'~ 4
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ORDINANCE NO ~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS BY $38,000,000 IN THE STATE REVOLVING FUND-
SEWER FROM PROCEEDS OF THE SALE OF WATER AND SEWER SYSTEM
SUBORDINATE LIEN REVENUE BONDS, SERIES 1999 FOR THE PURPOSE OF
FUNDING THE CONSTRUCTION OF IMPROVEMENTS TO THE
WASTEWATER COLLECTION AND TREATMENT SYSTEMS, PROVIDING
FOR A SEVERABILITY 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 1998/99 and in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations by $38,000,000 in
in the State Revolving Fund-Sewer from proceeds of the sale of Water and Sewer System Subordinate Lien
Revenue Bonds, Series 1999 for the purpose of funding the construction of improvements to the wastewater
collection and treatment systems.
SECTION 2.
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. 13540 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and appropriations are hereby expressly repealed.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 and effect from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorney
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Date
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Adopted
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Effective
City of Font Worth, Texas
~1-~Ayor And COUnc1~ Cammun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
8/24/99 **G-12639 60LIEN 1 of 1
SUBJECT APPROPRIATION ORDINANCE FOR $38,000,000 SEWER SYSTEM SUBORDINATE
LIEN REVENUE BONDS SERIES 1999
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated
receipts and appropriations by $38,000,000 in the State Revolving Fund-Sewer for -the construction of
improvements to the wastewater collection and treatment systems
DISCUSSION
On July 20, 1999 (M&C G-12610), the City Council approved Ordinance No 13861, authorizing the sale
of $38,000,000 Sewer Subordinate Lien Revenue Bonds to the Texas Water Development Board
The $38,000,000 bond proceeds are to be used by the Water Department in the construction of
improvements to the wastewater collection and/or treatment systems, specifically for Village Creek
modifications to improve reliability for treatment of higher volume wet weather flows and selected
infiltration and inflow projects related to an Environmental Protection Agency Administrative Order,
Groups 6 and 7 All funds are being appropriated into unspecified accounts to be transferred and used to
reimburse applicable expenses previously funded with commercial paper or identified on contracts
brought before City Council for award
FISCAL INFORMATION/CERTIFICATION
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The Finance Director certifies that funds are available in the State Revolving Fund-Sewer as a result of
the July bond sale for the recommended appropriations
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to) ~
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Mike Groomer 6140 PE42 54
200 070420169010 $38,000,000.00 ~i~ 6 ~ '"~`-~
Originating Department Head: Z~ 1g99
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Lee Bradley, Jr 8207 (from) ~
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Additional Information Contact: Sc~cretarq °I 4)to
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Lee Bradley, Jr 8207
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