HomeMy WebLinkAboutOrdinances (O-96-1045)-09/17/1996
ORDINANCE 0-96-1045
AN ORDINANCE OF THE CITY OF COLLEYVILLE, TEXAS, RELATING
TO FISCAL YEAR 1995-96 BUDGET BY AMENDING SECTION 2 OF
ORDINANCE 0-95-996; PROVIDING AN EFFECTIVE DATE.
WHEREAS, additional funds are necessary to be appropriated for payment of
legal fees relating to the Elder Construction lawsuit ($275,000) from
the General Fund budget.
WHEREAS, additional funds are necessary to be appropriated for payment of
water treatment expenses to Trinity River Authority ($590,374) due
to drought conditions, payment of interest expense on the 1996
Utility Revenue Bonds issued in March 1996 ($52,255), repairs to the
Hall Johnson well pump ($12,500), painting of the Colleyville-
Heritage mascot on the Hall-Johnson water tower ($10,000), and the
purchase of the sewer jet truck which was budgeted as a lease
purchase ($96, 129) from the Utility Fund budget.
WHEREAS, the repayment of $19,000 of outstanding principal on the L.D. Lockett
House loan will save approximately $1,500 in interest expense.
WHEREAS, the appropriation was not included in the Fiscal Year 1995-96 Budget
approved by the City Council.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1.
THAT all of the above premises are found to be true and correct and
are hereby incorporated into the body of this ordinance as if copied
in their entirety herein.
Sec. 2.
THAT appropriations in the annual budget for Fiscal Year 1995-96
as adopted by Ordinance 95-996 are amended to read as follows:
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General Fund
Utility Fund (Water & Wastewater)
Debt Service Fund
Drainage Utility Fund
$6,935,285
$6,045,839
$1,434,253
$ 336,633
Sec. 3.
THAT funding for the aforementioned General Fund expenses shall
come from the unappropriated General Fund Balance.
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Ordinance 0-96-1045
Page 2
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Sec. 6.
Sec. 7.
THAT funding for the aforementioned Utility Fund expenses shall
come from the additional water and sewer revenues earned due to
the drought conditions in Fiscal Year 1995-96.
THAT funding for the aforementioned Debt Service Fund expenses
shall come from radio tower lease income and interest income
earnings of the Fund.
THAT the City Manage r be and is hereby authorized to make the
appropriate change to the budget to reflect the changes noted
above.
THAT the effective date of this ordinance shall be immediate upon
its passage.
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I AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the ..3!!! day of
I ,5ep+Rm h.u- . 1996.
~e secof} reading and public hearing being conducted on the I ilJ day of
l IffJffm if . 1996.
I ATTEST:
1/1 JJ~
I~,CMC
City Secretary
CITY OF COLLEYVI LLE:
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Ed Baker
Mayor
AP
Ross T. Foster
City Attorney
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