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HomeMy WebLinkAboutOrdinance - 2016-O0101 - Budget Amendment 36 - 07/28/2016Reading Second Reading 14, 2016 July 28, 2016 No. 6.4 Item No. 6.2 ORDINANCE NO. 2016-00101 AN ORDINANCE AMENDING THE FY 2015-16 BUDGET FOR MUNICIPAL PURPOSES RESPECTING THE CAPITAL PROGRAM TO AMEND CAPITAL IMPROVEMENT PROJECT (CIP) 92399, GATEWAYS; AND TO ESTABLISH CIP 92432, UTILITY INFRASTRUCTURE UPGRADES/RELOCATIONS; 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 to 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 #36) for municipal purposes, as follows: 1. Amend Capital Improvement Project 92399, Gateways, by decreasing the appropriation and funding by $800,000, from $1,500,000 to $700,000. II. Establish Capital Improvement Project 92432, Utility Infrastructure Upgrades/Relocations, and appropriate funding in the amount of $800,000, for the costs associated with replacement/upgrade/relocation of utility infrastructure in the Central Business District TIF. The funding will be $800,000 FY 2016 CBD TIF Revenue Certificates of Obligation. 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 July 14, 2016 Passed by the City Council on second reading on July 28, 2016 O DANIEL M. POPE, MAYOR ATTEST: Reb cca Garza Ci Secretary APPROVED AS TO CONTENT: Cheryl 13rock Executive Director of Budget APPROVED AS TO FORM: Attorney ccdocs/BudgelFY 1516.Amend35.ord June 24, 2016