HomeMy WebLinkAboutOrdinance - 2021-O0040 - Budget Amendment #13First Reading
April 13, 2021
Item No.7.5
ORDINANCE NO. 2021-00040
Second Reading
April 27, 2021
Item No. 6.1
AN ORDINANCE AMENDING THE FY 2020-21 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE NORTH OVERTON TIF OPERATING FUND AND NORTH OVERTON
TIF CAPITAL FUND TO APPROPRIATE FUNDING FOR CAPITAL IMPROVEMENT
PROJECT 92593 ROY FURR PIONEER PARK; PROVIDING FOR FILING; AND
PROVIDING FOR A SAVINGS CLAUSE.
WHEREAS, Section 102.010 of the Local Government Code of the State of Texas
authorizes the City Council to make changes in the budget for municipal purposes; and
WHEREAS, in accordance with the City Budget Ordinance the City Council shall
approve all transfers between funds; and
WHEREAS, the City Council deems it advisable to change the FY 2020-21 Budget for
municipal purposes and reallocate funds as follows; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council of the City of Lubbock hereby approves changes
to the City of Lubbock Budget FY 2020-21 (Budget Amendment #13) for municipal purposes,
as follows:
I. Amend the FY 2020-21 North Overton TIF Operating Budget by increasing the
Transfer to North Overton TIP Capital by $900,000 from $600,000 to $1,500,000. The
funding will be cash from North Overton TIF Fund Balance.
II. Amend CIP 92593, Roy Furr Pioneer Park, and increase the appropriation and funding
by $900,000 from $1,100,000 to $2,000,000. The additional funding will come from
North Overton TIF Fund Balance.
SECTION 2.THAT a copy of the changes made to the City of Lubbock Budget
pursuant to this Ordinance shall be filed with the City Secretary and County Clerk of Lubbock
as required by law.
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase or word of
this Ordinance be declared unconstitutional or invalid for any reason, the remainder of this
Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading on
April 13, 2021
Passed by the City Council on second reading on April 27, 2021
DANII M. POPE, AYOR
ATTEST:
Rebec a Garza
City Secretary
APPROVED AS TO CONTENT:
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D. Blu Kos elich
Chief Financial Officer
Amy s
Dep ity Attorney
ecdocs/BudgetFY2021.Amend I lord
March 9, 2021