HomeMy WebLinkAboutOrdinance - 2022-O0159 - Budget Amendment #3 - 12/06/2022First Reading
November 16, 2022
Item No. 7.3
ORDINANCE NO. 2022-00159
Second Reading
December 6, 2022
Item No. 5.1
AN ORDINANCE AMENDING THE FY 2022-23 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE LUBBOCK BUSINESS PARK TIF CAPITAL FUND TO ESTABLISH
CAPITAL IMPROVEMENT PROJECT 92810, BUSINESS PARK MEDIAN IRRIGATION;
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 2022-23 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 2022-23 (Budget Amendment #3) for municipal purposes, as
follows: I
I. Establish Capital Improvement Project 92810, Business Park Median Irrigation,
and appropriate funding in the amount of $1,272,699. Funding will be from the
Lubbock Business Park 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.
Passed by the City Council on second reading on
November 16, 2022
December 6, 2022
TRAY P E, MAYOR
ATTEST:
- Cp
Reb ca Garza
City Secretary
APPROVED AS TO CONTENT:
D. Blu Kostefich
Chief Financial Officer
APPROVED AS TO FORM:
ims
puty City Attorney
ccdocsBudgetFY22-23.Amend3.ord
October 21, 2022