HomeMy WebLinkAboutOrdinance - 2019-O0001 - Budget Amendment #5 - 01/22/2019First Reading Second Reading
January 10,2019 January 22,2019
Item No.6.2 Item No.8.1
ORDINANCE NO.?019-O0001
AN ORDINANCE AMENDING THE FY 2018-19 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE LUBBOCK POWER AND LIGHT CAPITAL FUND TO ESTABLISH
CAPITAL IMPROVEMENT PROJECT 92608 -RED RAIDER SUBSTATION
DISTRIBUTION FEEDER AND APPROPRIATE FUNDING;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 #5) for municipal purposes,as
follows:
I.Establish Capital Improvement Project 92608,Red Raider Substation Distribution
Feeders,and appropriate funding in the amount of $4,985,000.The project will utilize
Short Term Lending Facility (20-Year)funding. The project scope and justification is as
follows:
Project Scope:
Install eight new distribution feeder lines from Red Raider Substation.This includes four
dedicated circuits to Texas Tech University (TTU)that will be routed from Quaker
Avenue to the TTU campus.
Project Justification:
Red Raider Substation was built to serve LP&L's system distribution needs as well as
provide additional circuits to handle increasing electrical demand from TTU.These new
feeder circuits will connect the new substation to existing circuits both on and off
campus.
FERC Accounts:364, 365, 366,367
Estimated Useful Life:40 years
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 January 10, 2019
Passed by the City Council on second reading on Januar; 22, 2019
DANIEL M. POPE, MAYOR
ATTEST:
Od,-,. , -,&7
Reb cca Garza
City'Secretary
APPROVED AS TO CONTENT:
D. u Kost6ch
Chief Financial Officer
APPROVED AS TO FORM:
Amy i
Dep City Attorney
ccdocs/BudgetFY 1819.Amend5.ord
December 18, 2018