HomeMy WebLinkAboutOrdinance - 2015-O0122 - Budget Amendment 9 - 12/17/2015First Reading Second Reading
December 3, 2015 December 17, 2015
Item No. 5.4 Item No. 5.2
ORDINANCE NO. 2015-00122
AN ORDINANCE AMENDING THE FY 2015-16 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE CAPITAL PROGRAM TO AMEND CAPITAL
IMPROVEMENT PROJECT (CIP) 92254, NORTH OVERTON TIF PUBLIC
IMPROVEMENTS; 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-I6 (Budget Amendment #9) for
municipal purposes, as follows:
1. Amend Capital Improvement Project 92254, North Overton TIF Public
Improvements, by increasing the appropriation by $1,500,000, from $747,031
to $2,247,031. The funding will be 10 -Year 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.
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Passed by the City Council on first reading on December 3, 2015
Passed by the City Council on second reading on December 17 2015
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kOBERTSON, MAYOR
ATTEST:
Rebcca Garza
City ecretary
APPROVED AS TO CONTENT:
Cheryl Br ck
Executive Director of Budget
APPROVED AS TO FORM:
ccdocsBudgetFY 1516.Amend9.ord
November 19, 2015