Loading...
HomeMy WebLinkAboutOrdinance - 2020-O0040 - Budget Amendment 16 - 03/24/2020 First Reading Second Reading March 10, 2020 March 24, 2020 Item No. 6.2 Item No. 7.2 ORDINANCE NO. 2020-00040 AN ORDINANCE AMENDING THE FY 2019-20 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE CAPITAL FUND TO ESTABLISH CAPITAL IMPROVEMENT PROJECT 92669, 114"' STREET — SLIDE ROAD TO QUAKER AVENUE; AMEND CAPITAL IMPROVEMENT PROJECT 92650, 34TH STREET — UPLAND AVENUE TO MILWAUKEE AVENUE; AMEND CAPITAL IMPROVEMENT PROJECT 92434, 98TH STREET FROM UPLAND AVENUE TO MILWAUKEE AVENUE; AMEND CAPITAL IMPROVEMENT PROJECT 92625, INDIANA AVENUE FROM 130TH TO 146TH STREET; 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 2019-20 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 2019-20 (Budget Amendment #16) for municipal purposes, as follows: 1. Establish Capital Improvement Project 92669, 114`x' Street— Slide Road to Quaker Avenue, and appropriate funding of$1,000,000. The finding will be $600,000 FY 2013 General Obligation Bonds moved from Capital Improvement Project 92650, 34"' Street—Upland Avenue to Milwaukee Avenue, and $400,000 FY 2017 Tax Supported Certificates of Obligation moved from Capital Improvement Project 92434, 98t" Street from Upland Avenue to Milwaukee Avenue. 2. Amend Capital Improvement Project 92650, 3411' Street— Upland Avenue to Milwaukee Avenue, by reducing the appropriation and funding by $600,000, from $600,000 to $0.00. The funding will be moved to Capital Improvement Project 92669, 114"' Street — Slide Road to Quaker Avenue. 3. Amend Capital Improvement Project 92434, 98t" Street from Upland Avenue to Milwaukee Avenue, by reducing the appropriation and funding by $400,000, from $3,047,059 to $2,647,059. The finding will be moved to Capital Improvement Project 92669, 114"' Street— Slide Road to Quaker Avenue. 4. Amend Capital Improvement Project 92625, Indiana Avenue from 130"' to 146`x' Street, by increasing the appropriation and funding by $600,000, from $4,500,000 to $5,100,000. The funding will be from Lubbock County for their portion of this project. 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 March 10, 2020 Passed by the City Council on second reading on March 24, 2020 "rk" DANIEL M. POPE, MA R ATTEST: Reb cca Garza City rotary APPROVED AS TO CONTENT: D. lu Kos elich Chief Financial Officer APPROVED AS TO FORM: Amy S- m" Dep*, City Attorney ceducsiB Udgetl-Y 1920.Amend 1 b.ord February 24,2020