HomeMy WebLinkAboutOrdinance - 2019-O0073 - Budget Amendment 19 - 07/09/2019First Reading
June 25, 2019
Item No. 6.4
ORDINANCE NO.2019-00073
Second Reading
July 9, 2019
Item No. 6.2
AN ORDINANCE AMENDING THE FY 2018-19 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE CENTRAL BUSINESS DISTRICT TAX INCREMENT FINANCE
DISTRICT FUND TO AMEND THE OPERATING 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 2018-19 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 2018-19 (Budget Amendment # 19) for municipal purposes,
as follows:
I. Amend the Central Business District TIF FY 2018-19 Budget by appropriating $230,000
for the update to the Downtown Lubbock Master Plan. Funding will be Central Business
District Tax Increment Finance Special Revenue Fund (CBD 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
June 25, 2019
July 9, 2019
JEFF IF I H, MAYOR PRO TEM
ATTEST:
Reb ca Garza
City §ecretary
APPROVED AS TO CONTENT:
rFJK
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Chief Financial Officer
APPROVED AS TO FORM:
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July 3, 2019