HomeMy WebLinkAboutOrdinance - 2025-O0003 - Budget Ordinance Amendment 10, North Pointe PID Fund - 01/28/2025Firsts Reading Second Reading
January 14, 2025 January 28, 2025
Item No. 5.4 Item No. 6.3
ORDINANCE NO. 2025-00003
AN ORDINANCE AMENDING THE FY 2024-25 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE NORTH POINT PUBLIC IMPROVEMENT
DISTRICT FUND; 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
WHERE AS, 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 2024-25
Budget for municipal purposes and reallocate funds as follows; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, THAT:
SECTION 1. The City Council of the City of Lubbock hereby approves changes to the
City of Lubbock Budget FY 2024-25 (Budget Amendment # 10) for municipal purposes,
as follows:
Amend FY 2024-25 North Point Public Improvement District (PID) Budget by
increasing the appropriation for Public Improvements by $86,762, from $550,000
to $636,762. Funding will be from the North Point Public Improvement District
Fund balance.
SECTION 2. A copy of the changes made to the City of Lubbock Budget pursuant to
this Ordinance shall be filed with the City Secretary and County Clerk of Lubbock as
required by law.
SECTION 3. Should any section, paragraph, sentence, clause, phrase or word of this
Ordinance be declared unconstitutional or invalid for any reason, the remainder of this
Ordinance shall not be affected thereby.
Passed by the City Council on first reading on January 14, 2025
Passed by the City Council on second re`a
AT EST:
Courtney Paz
City Secretary
APPROVED AS TO CONTENT:
Joe Jimenez
Chief Financial Officer
I a I #.I ways.] m re 1$ 1 am IV" NO
ccdocsIl/BudgetFYY224-25.Amend I O.ord
January G, 2025