HomeMy WebLinkAboutOrdinance - 2007-O0013 - Amending 2006-07 Budget:CIP Program-34,000; Txdot 190,886, CIP-171,000, Etc. - 01/25/2007First Reading
January 25,. 2007
Item No. 6.6
ORDINANCE NO. 2007-oOOl3
Second Reading
February 6,. 2007
!tea No. 5.1
AN ORDINANCE AMENDING THE FY 2006-07 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE ( 1) GENERAL FUND; (2) SPECIAL REVENUE
FUND (COMMUNITY DEVELOPMENT); (3) GRANT FUND; AND (4) CAPITAL
IMPROVEMENT PROGRAM.
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 departments; and
WHEREAS, the City Council deems it advisable to change the FY 2006-07
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 2006-07 {Budget Amendment #6) for
municipal purposes, as follows:
1. Amend Capital Improvement Program Project #90379, "Signal System
Communications (PHI-ITS)" by transferring $34,000 of FY 2006 General
Obligation Bonds from CIP Project #911 00, "Signal Communications (PH2-
ITS)", and appropriating $190,886 from the TxDOT advance funding
agreement, making the total appropriation for this project $374,886.
2. Amend Capital Improvement Program Project #911 00, "Signal Communications
(PH2-ITS)" by appropriating $171,008 from the TxDOT advance funding
agreement, making the total appropriation for this project, $382,101.
3. Establish a new Capital Improvement Project for "Traffic Signals-Marsha
Sharp 3-B" and appropriate $99,591 from the TxDOT advance funding
agreement.
4. Amend Capital Improvement Program Project #91 074, "North Overton TIF
Public Facilities" by appropriating an additional $3,000,000 of FY 2007
Taxable Bonds, the total appropriation for the project will be $11,400,000.
5. Authorize 1 additional full-time position in Community Development.
6. Accept and appropriate a $520,994 grant from Texas Department of Housing
and Community Affairs for the Comprehensive Energy Assistance Program
(CEAP) an energy assistance program.
7. Accept and appropriate a $390,000 grant from Texas Department of Housing
and Community Affairs for the Community Services Block Grant (CSBG).
8. Amend Capital Improvement Project #90406, Visitors Information Center, by
appropriating an additional $1 million for a total project appropriation of $1.31
million. The funding sources for this project will be composed of $70,000 of
Hotel/Motel Funds, which have been previously expended, and $1.24 million of
Certificates of Obligation, Series 2007, with annual debt payments funded from
hotel/motel tax revenues. The additional appropriation will be used to purchase
property for a future Visitors Information Center and any demolition, asbestos
abatement, or related costs.
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.
AND IT IS SO ORDERED
Passed by the City Council on first reading this 25th day of J'an:ua.ry , 2007.
Passed by the City Council on second reading this 6th day of February , 2007.
ATTEST:
~Je&:•e ~~ Reb ca Garza, City secretary 1:)
fre
Chief Financial Officer
Richard K. Cas er
First Assistant City Attorney
mVccdocs/BudgetFY0607 .Amend6.ord
January 3 I, 2007
-:a-~4-DAVIDA~R, MAYOR