HomeMy WebLinkAboutOrdinance - 2018-O0092 - Budget Amendment 22 - 08/23/2018First Reading
August 9, 2018
Item No. 6.1
ORDINANCE NO.2018-00092
Second Reading
August 23, 2018
Item No. 6.5
AN ORDINANCE AMENDING THE FY 2017-18 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE OPERATING BUDGET AND THE CAPITAL PROGRAM TO AMEND
LUBBOCK BUSINESS PARK TAX INCREMENT FINANCING (LBP TIF) OPERATING
BUDGET; ESTABLISH CAPITAL IMPROVEMENT PROJECT (CIP) 92563 NORTH KING
STREET PROJECT; 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 #22) for municipal purposes,
as follows:
I. Amend the FY 2017-18 LBP TIF Operating Budget by increasing the Transfer to
CIP by $500,000, from $0 to $500,000.
II. Establish Capital Improvement Project 92563, North King Street Project, and
appropriate funding in the amount of $500,000. Funding will be from the LBP TIF
Fund.
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-- pug ,gr o, ?nl R
Passed by the City Council on second reading onI ^ Ang m l 7nI RR
V ,
DANIEL M. POPE, MAYOR
ATTEST:
nn __ •
Rebe ca Garza
City Secretary
APPROVED AS TO CONTENT:
0
D. Blu Kostek ch
ChieT Financial Officer
APPROVED AS TO FORM:
AmyS
Assist City Attorney
ccdms/andBcsFY 17 I8.Amcnd22 ord
My 25, 2018