HomeMy WebLinkAboutOrdinance - 2021-O0055 - Budget Amendment #23First Reading
May 11, 2021
Item No. 8.5
ORDINANCE NO. 2021-00055
Second Reading
May 25, 2021
Item No. 6.3
AN ORDINANCE AMENDING THE FY 2020-21 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE LUBBOCK POWER & LIGHT CAPITAL BUDGET; 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 #23) for municipal purposes,
as follows:
I. Amend CIP #92474, Yellow House Canyon 345/115kV Transformers, by
decreasing the appropriation and funding in the amount of $1,000,000 from
$11,260,000 to $10,260,000. This project will utilize $1,000,000 less in FY 2020
30-Year Revolving Note Program funding.
II. Amend CIP #92475, Dunbar 345/115kV Transformers, by decreasing the
appropriation and funding in the amount of $1,000,000 from $11,840,000 to
$10,840,000. This project will utilize $1,000,000 less in FY 2020 30-Year LP&L
Revolving Note Program funding.
III. Amend CIP #92609, Blackwater Draw to Folsom Point 345kV Line, by decreasing
the appropriation and funding in the amount of $1,500,000 from $43,820,000 to
$42,320,000. This project will utilize $1,500,000 less in FY 2020 30-Year
Revolving Note Program funding.
IV. Amend CIP #92610, Blackwater Draw to Double Mountain 345kV Line, by
decreasing the appropriation and funding in the amount of $1,000,000 from
$58,091,522 to $57,091,522. This project will utilize $1,000,000 less in FY 2020
30-Year LP&L Revolving Note Program funding.
V. Amend CIP #92661, Posey to Oliver 115kV line, by decreasing the appropriation
and funding in the amount of $3,500,000 from $18,470,000 to $14,970,000. This
project will utilize $2,300,000 less in FY 2019 30-Year LP&L Revolving Note
Program funding and $1,200,000 less in FY 2020 30-Year LP&L Revolving Note
Program funding.
VI. Establish CIP #92710, Fiddlewood to Farmland 345kV Transmission Line, and
appropriate funding in the amount of $8,000,000. This project will utilize
$2,300,000 in FY 2019 30-Year LP&L Revolving Note Program funding,
$5,700,000 in FY 2020 30-Year LP&L Revolving Note Program funding from the
previously mentioned projects. The project scope and justification is as follows:
Project Scope: This project will cover LP&L's costs of a portion of the Fiddlewood
to Farmland 345kV Transmission Line.
Project Justification: LP&L anticipates that it will own a portion of the Fiddlewood
to Farmland 345kV transmission line. This project is needed to account for the
costs associated with the portion of the Fiddlewood to Farmland 345kV
transmission line that LP&L will own.
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 May 11, 2021
Passed by the City Council on second reading on May 25, 2021
"Ik'-"
DANIEL M. POPE, MAYOR
ATTEST:
PIL� K -
Rebe ca Garza
Secretary
AS TO CONTENT:
Financial Officer
AS TO FORM:
Amy s
Deputy City Attorney
ccdocs/B udge[FY2021.Amend23. ord