HomeMy WebLinkAboutOrdinance 13075ORDINANCE NO ~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL IMPROVEMENTS FUND IN THE
AMOUNT OF $2,500,000 FROM INCREASED REVENUE FROM PROCEEDS
FROM THE SALE OF COMBINATION TAX AND REVENUE CERTIFICATES
OF OBLIGATION, SERIES 1997, FOR THE PURPOSE OF FUNDING THE
CONSTRUCTION OF AN ANIMAL CARE AND CONTROL CENTER AND
PAYING THE COSTS OF ISSUING SAID CERTIFICATES, PROVIDING FOR A
SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATNE 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 1996/97 and in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Capital Improvements Fund in the amount of $2,500,000 from increased revenue from proceeds from the sale of
Combination Tax and Revenue Certificates of Obligation, Series 1997 for the purpose of funding the construction
of an animal care and control center and paying the costs of issuance of said certificates.
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. 12629 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and appropriations are hereby expressly repealed.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
Assist City Attorney
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Date
JuG~ ~;~yy`7
Adopted
Effective
City of Fort Worth, Teas
Mayor and Council Communication
DATE REFERENCE NUI~ER LOG NAME PAGE
07/08!97 **G-11939 20TAX 1 of 1
SUBJECT APPROPRIATIONS FOR PROCEEDS FROM SALE OF COMBINATION TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 1997
RECOMMENDATION
It is recommended that the City Council appropriate 52,500,000 00 to fund construction of the
Animal Care and Control Center on property located at Village Creek Road and Martin Street
DISCUSSION
On April 8, 1997, the City Council approved M&C G-11865 authorizing the sale of
52,500,000 00 City of Fort Worth, Texas, combination Tax and Revenue Certificates of
Obligation, Series 1997, to Coastal Securities, at a true interest rate of 5 17643%
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that funds are available as a result of the April 1997 bond
sale for the recommended appropriations
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Office by: (to) APPROVED
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Mike Groomer 1
riginating epartment ead:
JUL ~ 1997
Hugo A. Malanga 7800 (from)
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Contact: City of Forf VYorth, `Teza~
Hugo A. Malanga 7800
Printed on Re~yded Paper Adopted Ordinance No. ~y,s