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HomeMy WebLinkAboutOrdinance 12655ORDINANCE NO ~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER CAPITAL PROJECTS FUND IN THE AMOUNT OF $1,000,000 AND 1N THE SEWER CAPITAL PROJECTS FUND ]N THE AMOUNT OF $2,000,000 FROM AVAILABLE FUNDS FROM INTEREST EARNINGS FOR THE PURPOSE OF FUNDING PRELIMINARY WORK PRIOR TO THE AWARD OF DESIGN AND CONSTRUCTION CONTRACTS, 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 1995/96 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water Capital Projects Fund in the amount of $1,000,000 and in the Sewer Capital Projects Fund in the amount of $2,000,000 from available funds from interest earnings for the purpose of funding preliminary work prior to the award of design and construction contracts. 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY ~~~~ Assistant Ci Attorney ~/~~/s'~ Date ~-~- lG Adopted ~,~~_ ~a Effective City of Fort Wordy Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 09/03/96 **G-11592 60FUNDS 1 of 1 SUBJECT APPROPRIATIONS 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 51,000,000 00 in the Water Capital Projects Fund and 52,000,000 00 in the Sewer Capital Projects Fund from available funds 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 Council as contracts are to be awarded Earlier this year the Water Department was using all sources of funds for projects related to the Administrative Order and facilities replacements in conjunction with the Transportation/Public Works Capital Improvement Program while postponing a Revenue Bond sale to convert Commercial Paper All resources were being used to maintain the schedules established for these two programs, including those funds allotted for other water and wastewater rehabilitation projects The Unspecified Project balances are low and this action is necessary to continue to provide funding for the preliminary work as indicated above FISCAL {NFORMATION/CERTIFICATION The Director of Fiscal Services certifies that upon adoption of the attached appropriation ordinance, funds will be available in the current capita{ budget, as appropriated, of the Water and Sewer Capital Projects Funds MGf Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) PW53 441012 060530159010 $1,000,000.00 w `Ai`Af7oV~D Mike Groomer 6140 PS58 441012 070580139010 $2,000,000 00 f jv! TY C®UNC~~ Originating Department Head: PW53 541300 060530159010 $1,000,000.00 ` PS58 541200 070580134010 $2,000,000.00 SER !~ ~g6 Lee Bradley, Jr 8207 (from) ~ ' - '"""""~J For Additional Information Cl~ ~ p~ ~ ~ ~ ~0 ~ Contact: Lee Bradley, Jr 8207 Printed on Recycled Paper Adopted Ordcrlance N~, -~.