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HomeMy WebLinkAboutOrdinance 13831,,: ~ I~ k..;~y~~ Ordinance No AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER CAPITAL PROJECTS FUND IN THE AMOUNT OF $1,000,000 00 AND IN THE SEWER CAPITAL PROJECTS FUND IN THE AMOUNT OF $1,000,000 00 FROM INCREASED REVENUES FOR THE PURPOSE OF FUNDING PRELIMINARY WORK PRIOR TO AWARD OF CONTRACTS AND AS CASH FINANCE FOR WATER AND SEWER REHABILITATION PROJECTS, PROVIDING FORA 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 m the Water Capital Projects Fund in the amount of $1,000,000.00 and in the Sewer Capital Projects Fund in the amount of $1,000,000 00 from increased revenues for the purpose of funding preliminary work prior to award of contracts and as cash finance for 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY ~i~/U Assistant City orney G/i ~9Q Date I~ - I~ ~~~ Adopted Effective City of Fort Worth, Texas M'Ayor and Council CommunicAtiun DATE REFERENCE NUMBER LOG NAME PAGE 6/15/99 **G-12581 60FUNDS 1 of 1 SUBJECT ADOPTION OF ORDINANCE FOR THE APPROPRIATION OF WATER AND SEWER INTEREST FUNDS RECOMMENDATION It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $1,000,000 in the Water Capital Project Fund and $1,000,000 in the Sewer Capital Project 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 the City 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/Public Works Capital Improvement Program FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon adoption of the attached appropriation ordinance, sufficient funds will be available in the Water and Sewer Capital Project Funds. MG.k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) PW53 441012 060530159010 $1,000,000.00 Mike Groomer 61.40 PS58 441012 070580139010 $1,000,000.00 APPROVED Originating Department Head: PW53 541200 060530159010 $1,000,000.00 CITY COUNCIL PS58 541200 070580139010 $1,000,000.00 Lee Bradley, Jr 8207 (from) JUN 15 1999 Additional Information Contact: ~,yp,..L ~~~~~ Ciq Seacstary of We Lee Bradley, Jr 8207 Cihy of Fort Worth, Texas ~~~ Adopted Urdir~anc.~ Nca~ ~.',~ ~`~~