HomeMy WebLinkAboutOrdinance - 2007-O0083 - Amending FY 2006-07 Budget; Tax Increment Zone, Courts, Grants, LP&L Funds - 08/09/2007First Reading
August 9, 2007
Item No. 6.1
ORDINANCE NO. 2007-o0083
Second Reading
August 23, 2007
Item No. 5.1
AN ORDINANCE AMENDING THE FY 2006-07 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE (1) CENTRAL BUSINESS DISTRlCT TAX
INCREMENT FINANCE REINVESTMENT ZONE FUND; (2) MUNICIPAL COURTS
SPECIAL FUND; (3) GRANTS FUND; (4) LP&L FUND; (5) CAPITAL
IMPROVEMENT PROGRAM; (6) LUBBOCK ECONOMIC DEVELOPMENT
I ALLIANCE; AND (7) MARKET LUBBOCK, INC.
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 I. THAT the City Council of the City of Lubbock hereby approves
changes to the City of Lubbock Budget FY 2006-07 (Budget Amendment # 17) for
municipal purposes, as follows:
l. Appropriate $62,500 of Central Business District Tax Increment Finance
Reinvestment Zone (CBD TIF) fund balance for a contract with Schrader Cline to
draft a new project and finance plan for the CBD TIF, totaling $27,500; the CBD
TIF's share of the Downtown Utility Study Contract, totaling $25,000; and the
Downtown Guitar Project in conjunction with the Entertainment Lubbock Task
Force, totaling $10,000.
2. Appropriate $131 ~646 of Municipal Courts Special Fund fund balance for
management software, ceiling fans, electrical work and counter modifications.
3. Accept and appropriate $340,538 from Texas State Library and Archives
Commission for the Library System Operation Grant for the West Texas Library
System.
4. Accept and appropriate $80,000 from Texas State Library and Archives
Commission for the Technical Assistance Negotiated Grant for the West Texas
Library System.
5. Accept and appropriate $106,435 from Texas State Library and Archives
Commission for Interlibrary Loan Grant for the West Texas Library System.
6. Accept and appropriate $40,000 from the Department of State Health Services
(DSHS) for acquisition of a Bentley Somacount 150 Precision Somatic Cell
Counter.
7. Approve the amendments to the Adopted FY 2006-07 Operating Budget for
Market Lubbock, Inc. The primary revisions to the budget allow Market Lubbock
to increase the grant to LEDA for their expenses related to the development of the
infrastructure of the Lubbock Business Park and Lubbock Railport. The funding
for these expenditures comes from reserve funds that have been accumulated over
the past several years in anticipation of beginning construction at the parks and a
refund of incentives received from Frito Lay ($600,000). The detail of budget
changes is included on Exhibit A of this item.
8. Approve the amendments to the Adopted FY 2006-07 Operating Budget for
Lubbock Economic Development Alliance (LEDA). The primary revisions to the
budget allow LEDA to expend funds related to the development of the
infrastructure of the Lubbock Business Park and Lubbock Railport. The funding
for these expenditures comes primarily from reserve funds that have been
accumulated over the past several years in anticipation of beginning construction
at the parks. The detail of budget changes is included on Exhibit B of this item.
9. Amend the operating budget and Capital Improvement Program in the LP&L
Fund. Specific information regarding these budgets is competitive information
protected under Chapter 552.133 ofthe Texas Government Code.
10. Amend Capital Improvement Project 91207, Northwest Little League Complex,
by appropriating $430,000 of certificate of obligation bonds, increasing the total
project appropriation to $3,028,000 for the construction of a three-field complex
for Northwest Little League with related amenities and any necessary
infrastructure improvements.
11. Accept and appropriate $235,242 from Texas Department of State Health
Services for CPS-Bioterrorism Preparedness.
12. Accept and appropriate $125,000 from Texas Department of State Health
Services for CPS-Bioterrorism Preparedness-LAB.
13. Accept and appropriate $74,009 from Texas Department of State Health Services
for Milk and Dairy Products Services.
14. Amend Capital Improvement Project 91103-8302-40000, of Slide Road from 4th
Street to North Loop 289 by appropriating $625,000 of certificate of obligation
bonds and increasing the total appropriation to $2,095,000 for the purchase of
Right-of-Way. The Debt Services for this project is fully funded through the
Gateway Streets Capital program.
SECTION 2. THAT a copy of the changes made to the City of Lubbock Budget
pursuant to this Ordinance shall be filed with the City Secretary and County Clerk of
Lubbock as required by law.
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase or
word of this Ordinance be declared unconstitutional or invalid for any reason, the
remainder of this Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading this 9th day of August
Passed by the City Council on second reading this 23rd day of Augmt
'2007.
'2007.
DAVID A. MILLER, MAYOR
ATTEST:
APPROVED AS JO!ORM:
~v_
Richard K. Casner
First Assistant City Attorney
ml/ccdocsiBudgetFY0607.Amend 17·2nd.ord
August 17,2007
EXIDBITA
Component Unit-Market Lubbock, Inc. (MLI)
Revenues
City of Lubbock Funding ($.03 allocation)
City Contribution -Tyco Incentive
Interest Income
Incentive Refund
Total Revenues
Utilization of Net Assets
Expenses
Payroll Allocation -CEO, CFO, FTZ
Payroll Incentive Contingency
Benefits
Bank Charges
Supplies
Professional Services
Accounting
Legal
Other
Marketing
Meeting Expense
Insurance
Job Creation/Retention Incentives
Unannounced Incentives
Business Development
Miscellaneous Expense
Professional Dues/Subscriptions
Travel & Training -Foreign Trade Zone
Capital Outlay
Special Projects
ACT Development Grant -South Plains College
Littlefield Enterprise Facilitation Matching Grant
FFA Refund
Industrial Park at LIA
Other Special Projects
Grant to LEDA
Reserve Fund
Total Expenses
Adopted
2006-2007
$ 2,912,976
1,000,000
87,000
3,999,976
23,372
95,000
110,000
1,000
3,000
65,000
60,000
5,000
65,000
683
18,500
1,600,000
200,000
3,000
100,000
3,667
13,498
150,000
30,000
1,500,000
$ 4,023,348
Ordinance No. 2007-Q0083
City of Lubbock, TX
Amended
2006-2007
2,858,658
1,000,000
57,000
600,000
4,515,658
598,214
148,000
42,000
20,000
1,500
3,040
45,000
70,000
7,500
65,000
2,000
21,000
1,500,000
210,000
3,000
3,000
2,500
12,000
80,000
202,500
7,334
13,498
80,000
2,100,000
475,000
5,113,872
1Represents $1,000,000 Incentive Expense ifTyco remains in complian:e with incentive contract.These
funds have already been paid to Tyco, so no additional funds are requested with this budgetrelated to the
Tyco contract.
Prepared by MLI
Serve with humility, lead with passion, commit to excellence. FY 2006-07 Operating Budget
EXHIBITB
Ordinance No. 2007-Q0083
Component Unit -Lubbock Economic Development Alliance, Inc. City of Lubbock, TX
Adopted Amended
2006-2007 2006-2007
Revenues
Sates Tax Funding $ 3,928,022 3,928,022
Interest Income 45,000 130,000
Grant from Market Lubbock, Inc. 1,500,000 2,100,000
Grant from City of Lubbock 390,000
Total Revenues 5,473,022 6,548,022
Utilization of Net Assets 4,432,337
Expenses
Salaries 917,280 786,259
Auto Allowance 30,600 32,400
Incentive Contingency 160,000 241,276
Benefits 265,493 242,151
Payroll Subtotal 1,373,373 1,302,086
Supplies
Office supplies 45,000 75,000
Other 2,500 5,000
Supplies Subtotal 47,500 80,000
Maintenance 6,000 6,000
Other Charges
Credit Card Service Charge 1,000 1,000
Bank Charges 1,100 900
Interest Expense 2,000 2,000
Office Equipment Rental 20,000 20,000
Professional services
Consulting 20,000 30,412
Accounting 35,000 38,000
Legal I 10,000 250,000
Computer 12,000 13,000
Other 5,100 14,000
Cleaning Services 2,000 3,500
Marketing 390,508 392,802
Meeting Expense 32,000 38,000
Local Organilation Support 12,000 35,000
Insurance
Worker's Comp/Comm Liab 10,000 7,900
Directors & Officers 4,200 6,077
Railroad Protective Liability 2,000
Office rent 98,600 113,813
Business Development Expense 2,000 2,000
Telephone 40,000 33,000
Postage 20,000 20,000
Printing/photocopies 3,000 1,000
Mileage Reimbursement 8,000 6,200
Prepared by LEDA
Serve with humility, lead with passion. commit to excellence. FY 2006-07 Operating Budget
EXIDBITB
Component Unit-Lubbock Economic Development Alliance, Inc. City of Lubbock, TX
Adopted Adopted
Other Charges (continued) 2006-2007 2006-2007
Courier service 800 1,600
Miscellaneous 15,000 15,000
Club dues 13,000 10,500
Professional dues/Subscriptions 25,000 30,000
Training and Travel 110,000 110,000
Other Charges Subtotal 992,308 1,197,704
Special Projects
BioScience Initiative 25,000 25,000
Golf Tournament 15,000 15,000
Young Professionals of Greater Lubbock 5,000
Other Special Projects 35,000 50,000
Workforce development program 10,000 30,000
Incentive fund 2,887,899 1,200,000
Special Projects Subtotal 2,972,899 1,325,000
Capital Outlay
Land Purchases 30,000 100,000
Park Development 6,919,569
Office Furniture & Equipment 20,000 45,000
Computer Expense 8,000 5,000
Capital Outlay Subtotal 58,000 7,069,569
Total Expenses 5,450,080 10,980,359
Prepared by LEDA
Serve with humility, lead with passion, commit to excellence. FY 2006..07 Operating Budget