HomeMy WebLinkAboutOrdinance - 2018-O0068 - Budget Amendment 17 - 06/28/2018First Reading
June 14, 2018
Item No. 6.3
•' ' • 1 ' •im.-
Second Reading
June 28, 2018
Item No. 6.1
AN ORDINANCE AMENDING THE FY 2017-18 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE OPERATING BUDGET AND THE CAPITAL PROGRAM TO AMEND
CENTRAL BUSINESS DISTRICT (CBD) TIF OPERATING BUDGET; ESTABLISH
CAPITAL IMPROVEMENT PROJECT (CIP) 8631, CIVIC CENTER CONVENTION HOTEL
PROJECT; AMEND CAPITAL IMPROVEMENT PROJECT (CIP) 92227, UNDERGROUND
UTILITIES; AMEND CIP 92399, GATEWAYS; 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 2017-18 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 2017-18 (Budget Amendment #17) for municipal purposes,
as follows:
Amend the FY 2017-18 Central Business District (CBD) TIF Operating Budget by
decreasing the budget for Professional Services by $114,048, from $430,350 to
$316,302, and increasing the Transfer to CIP by $114,048, from $0 to $114,048.
II. Establish Capital Improvement Project 8631, Civic Center Convention Hotel
Project, and appropriate funding in the amount of $114,048 for an owners
consultant for the Hotel Operator RFP/RFQ process. Funding will be from the
Central Business District TIF Fund.
III. Amend Capital Improvement Project (CIP) 92227, Underground Utilities, by
decreasing the appropriation by $3,000,000, from $11,050,000 to $8,050,000; and
amend CIP 92399, Gateways, by increasing the appropriation by $3,000,000, from
$1,500,000 to $4,500,000.
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 June 14, 2018
Passed by the City Council on second reading on Jung �S �elg
DANIEL M. POPE, MAYOR
ATTEST:
RebeLretary
Garza
City
APPROVED AS TO CONTENT:
D. Blu Koste 'ch
Chief Financial Officer
APPROVED AS TO FORM:
my S' s
As istan ity Attorney
ccdocs/B udgetFY 1718.Amend 17.ord
May 30, 2018