HomeMy WebLinkAboutOrdinance 12061ORDINANCE NO ,~~~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE STATE REVOLVING FUND -SEWER IN THE
AMOUNT OF $18,880,000 FOR THE PURPOSE OF FUNDING THE WEST
FORK RELIEF SEWER PROJECT AND THE VILLAGE CREEK COLLECTOR
PARALLEL SEWER PROJECT, 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 1994-95 and in
the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
State Revolving Fund -Sewer in the amount of $18,880,000 from increased revenue for the purpose of funding the
West Fork Relief Sewer Project and the Village Creek Collector Parallel Sewer Project.
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 curt 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. 11645 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and appropriations are hereby expressly repealed.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
~f ss~h City Attorney
7-aG-~s°°
Date
~~~ ~~
Adopted
Effective
City of Fort Worth Texas
Mayor and Council Communication
DATE
08/03/95 REFERENCE NUMBER
**G-11178 LOC= NAME
60BONDS PAGE
1 of 1
SUBJECT APPROPRIATIONS FOR $18,880,000 WATER AND SEWER SYSTEM SUBORDINATE
LIEN REVENUE BONDS SERIES 1995
RECOMMENDATION
It is recommended that the City Council adopt the attached appropriation ordinance increasing
estimated receipts and appropriations by 518,880,000 in the State Revolving Fund -Sewer for
Sewer System projects as follows
Construction of West Fork Relief Sewer Project 59,802,913 00
Village Creek Collector Parallel Sewer 137,360 00
Unspecified 8,939,727 00
Total 518,880,000 00
DISCUSSION
The City Council authorized the sale of 518,880,000 Water and Sewer Subordinate Lien Revenue
Bonds to the Texas Water Development Board on February 21, 1995 per Ordinance #11845
The 51$,880,000 in Revenue Bonds are to be used for the West Fork Relief Sewer Project and
for the Village Creek Collector Parallel Sewer Project The appropriated Unspecified will be used
as future contracts related to these projects are awarded
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that funds are available in the State Revolving Fund -
Sewer as a result of the February bond sale for the recommended appropriations
MG c
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by• (to)
PE42 488112 070420140050 59,802,913 00
Mike Groomer 6140 PE42 488112 070420220040 5137,360 00
Originating Department Head• PE42 488112 070420169010 58,939,727 00
APPRaVED
PE42 541200 070420140050 59,812,913 00
PE42 541200 070420220040 5137,360 00 CITY CUU NCI L
PE42 541200 070420169010 58,939,72 00
AU~
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Richard Sawey 8207 (from) ~ 7
Qlss.d L~~l,sst`t~d~
For Additional Information CltySa~r°hrpot~
City d Fart Woa~th,lexa
Contact:
Richard Sawey 8207