HomeMy WebLinkAboutOrdinance 13088ORDINANCE NO ~G' 0
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL IMPROVEMENTS FUND IN THE
AMOUNT OF $15,000,000 FROM INCREASED REVENUE FROM PROCEEDS
FROM THE SALE OF GENERAL PURPOSE BONDS, SERIES 1997 FOR THE
PURPOSE OF FUNDING STREET IMPROVEMENTS AND PAYING THE
COSTS OF ISSUING SAID BONDS, 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 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 $15,000,000 from increased revenue from proceeds from the sale of
General Purpose Bonds, Series 1997 for the purpose of funding street improvements and paying the costs of
issuing said bonds.
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and appropriations are hereby expressly repealed.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 .
?/.3 ~~r z
Date
~~ /~ ~ 7
Adopted
`7~ ~s' ~ 7
Effective
C2~ty of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
07/15/97 **G11951 20CIP 1 of 1
SUBJECT CIP PROJECT APPROPRIATIONS FOR PROCEEDS FROM SALE OF GENERAL
PURPOSE BONDS, SERIES 1997
RECOMMENDATION
It is recommended that the City Council appropriate 515,000,000 00 for 1993 CIP Street
Improvement projects
STREET IMPROVEMENTS
*Inner City Streets 512,534,902 00
*Storm Drains 2,065,098 00
* Intersection Revisions 100,000 00
*Curb & Gutter Replacements 150,000 00
*Concrete Valley Gutters 150,000 00
*See Attached Listing
DISCUSSION
The City Council authorized the sale of 515,000,000 00 General Purpose Bonds for Capital
Improvements on April 8, 1997 (M&C G-1 1866) to Hutchinson, Shockey, Erley & Co , at a true
interest rate of 5 54788%
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
MGf
u mrtte or rty anager s
Office by: (~)
C111
5 1200
20 11028901
2,065, 98.0 p
APPR®VED
Mike Groomer 6140
rigmatmg epartment ea CITY GOU~G~L
Clll 541200 020111039901 100,000.00
Clll 5 1200 0 11105390 150,0 0.00 JuL ~~ '~0~
Hugo A. Malanga 7800 (from)
~j
~
For Additional Information C111 485197 020111033901 150,000.00 ~~ ~
'""""'~
of the
S
i
Cit
Contact: Clll 85197 02 1110 0901 1 ~
~sy
]
2,684,9 2.0 Pity °f Fort 1Ro°rt2t, Texas
Hugo A. Malanga 7800 Cl l l 4 5197 020111 39901 100,0 o
Printed on Recyded Paper qd®pted OCdinance Na. ~.3~ g~