Loading...
HomeMy WebLinkAboutOrdinance - 2016-O0041 - Budget Amendment 17 - 03/24/2016First Reading Second Reading March 10,2016 March 24,2016 Item No.5.2 Item No.6.1 ORDINANCE NO.2016-00041 AN ORDINANCE AMENDING THE FY 2015-16 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE LUBBOCK POWER AND LIGHT CAPITAL PROGRAM TO AMEND CAPITAL IMPROVEMENT PROJECT (C1P)92373, DISPATCH CONTROL ROOM UPGRADE/REMODEL;ESTABLISH C1P 92428, T&D CENTER RENOVATIONS:AMEND CIP 92319.TRANSMISSION LOOP; AMEND CIP 92402,CHALKER CAPACITY UPGRADE;ESTABLISH CIP 92429, LINE EXTENSION FOR LARGE COMMERCIAL CUSTOMER;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 departments;and WHEREAS,the City Council deems it advisable lo change the FY 2015-16 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 2015-16 (Budget Amendment #17)for municipal purposes,as follows: I.Amend Capital Improvement Project 92373.Dispatch Control Room Upgrade/Remodel,by changing the name to "Dispatch Control Center -EOC"; decreasing the appropriation by $500,000.from $2,063,662 to $1,563,662:and decreasing the FY 2015 LP&L Revenue Bonds by $500,000.from $500,000 to $0. II.Establish Capital Improvement Project 92428.T&D Center Renovations,and appropriate funding in the amount of $1,088,000.for the upgrades and remodeling of the current dispatch control center and other portions of the Municipal Hill Facility.The funding will be $588,000 FY 2014 LP&L Revenue Bonds and $500,000 FY 2015 LP&L Revenue Bonds. 111.Amend Capital Improvement Project 92319.Transmission Loop,by decreasing the appropriation by $5,373,306.from $5,736,338 to $363,032;decrease the FY 2014 LP&L Revenue Bonds by $4,736,338.from $4,736,338 to $0: and decreasing the FY 2013 LP&L Revenue Bonds by $636,968.from $1,000,000 to $363,032. IV. Amend Capital Improvement Project 92402, Chalker Capacity Upgrade, by increasing the appropriation by $6,767,590 from $4,500,000 to $11,267,590, to be funded with $29,997 FY 2009 Water Certificates of Obligation, $1,102,007 FY 2013 LP&L Revenue Bonds, and $5,635,586 FY 2014 LP&L Revenue Bonds. V. Establish Capital Improvement Project 92429, Line Extension for Large Commercial Customer, and appropriate funding in the amount of $1,000,000, for the costs associated in extending the lines for a new commercial customer within the LP&L service territory. The funding will be $1,000,000 FY 2014 LP&L Revenue Bonds. 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. Q�l7rl�6Y.YfiPT:7� : ri Passed by the City Council on first reading on March 10, 2016 Passed by the City Council on second reading on March 24, 2016 GLET,fC. R BERTSON, MAYOR ATTEST: RetVca Garza Cit Secretary APPROVED AS TO CONTENT: Cheryl Bro c Executive Director of Budget APPROVED AS TO FORM: Amy Sims Assistant ' y Attorney ccdocs/BudgetFY 1516.Amend I Tord February 29, 2016