HomeMy WebLinkAboutOrdinance 12430Ordinance No ,~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE COMMERCIAL PAPER FUND IN THE AMOUNT OF $15,665,000 00 FOR THE
PURPOSE OF FUNDING WATER AND SEWER REVENUE REFUNDING AND IMPROVEMENT
BONDS, SERIES 1996; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR
ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING RN 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 1995-96 and in the Budget of the City Manager, there shall also be
increased estimated receipts and appropriations in the Commercial Paper Fund in
the amount of $15,665,000 00 for the purpose of funding Water and Sewer Revenue
Refunding and Improvement Bonds, Series 1996
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 judgement 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 12074 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ordinances and appropriations are hereby expressly repealed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 and after the
date of its passage, and it is so ordained
APPROVED AS TO FORM AND LEGALITY
hC.J
Assist//a City Attorney
Date
~~ ~ ~
Adopted
Effective
City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
03/05/96 ~,~ 60SERIES 1 of 1
SUBJECT APPROPRIATIONS FOR 515,665,000 00 WATER AND SEWER REVENUE REFUNDING
AND IMPROVEMENT BONDS, SERIES 1996
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing
estimated receipts and appropriations by 515,665,000 00 in the Commercial Paper Funds.
DISCUSSION
On January 16, 1995, City Council adopted Ordinance 12351 for the Third Supplemental
Ordinance Authorizing the Issuance and Sale of City of Fort Worth, Texas Water and Sewer
System Revenue Refunding and Improvement Bonds, Series 1996, in the amount of
565,665,000 00 Of that amount, 550,000,000 00 had been previously appropriated in the
Commercial Paper Funds for capital improvements to the water and sewer systems The
remaining 515,665,000 00 is being appropriated to the Unspecified Projects in these Funds to
fund portions of current or future contracts relative to the Water Department Capital
Improvements Program These items will be brought to the City Council as awards and/or
change orders as required
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that funds are available in the Commercial Paper Funds
for the recommended appropriations as a result of the February bond sale
MG a
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PW77 485196 060770159010 $2,600,000.00 APPROV~Q
Mik
G
e
roomer 6140 PS46 485196 070460139010 $13,065,000.00
Originating Department Head:
PW77
541300
060770159010
$2,600,000.00 CI TY CQ~1~ C ~L
PS46 541200 070460139010 $13,065,000 00 ~~~
Lee Bradle
Jr 8207 ~ ~~~~
y, (from)
~
For Additional Information '"~"'~
~
Cf
tp 3®ara6ary of the
contact: Gity of Port WoAlh, "Tess
Lee Bradley, Jr 8207
Printed ~ Regded Paper Adopted OrdEnance CdQ,