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HomeMy WebLinkAboutORD 2017-024 ORDINANCE NO. 2017-024 L AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, APPROPRIATING $1,000,000 FROM THE TAX INCREMENT FINANCING (TIF) DISTRICT REINVESTMENT ZONE NUMBER ONE FUND; AUTHORIZING THE TRANSFER OF FUNDS TO THE CAPITAL PROJECT GENERAL FACILITIES FUND; DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council of the City of Grapevine continues to perform work on the fiber optic capital project connectivity throughout the City; and WHEREAS, funding for improvements is not currently included in the Tax Increment Financing (TIF) District Zone One appropriation; and WHEREAS, fiber optic connectivity will provide connection between all city facilities and Grapevine-Colleyville Independent School District schools via 57 miles of fiber; and WHEREAS, fiber optic connectivity will provide better public safety communication L throughout the City; and WHEREAS, fiber optic connectivity will provide unlimited bandwidth for the City and the School District; and WHEREAS, fiber optic connectivity will provide increase options for WiFi in public spaces; and WHEREAS, fiber optic connectivity will improve security camera options in facilities and public spaces; and WHEREAS, fiber optic connectivity will connect all schools and major city buildings; and WHEREAS, fiber optic connectivity will improve synchronization of traffic signals; and WHEREAS, fiber optic connectivity will integrate City-wide irrigation systems; and WHEREAS, fiber optic connectivity will provide direct benefit to Tax Increment Financing (TIF) District Reinvestment Zones One and Two; and WHEREAS, constitutional and statutory prerequisites for the approval of this ordinance have been met, including but not limited to the Open Meetings Act; and LWHEREAS, the City Council deems the adoption of this ordinance to be in the best interests of the health, safety, and welfare of the public. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That all matters stated in the preamble of this ordinance are true and correct and are hereby incorporated into the body of this ordinance as if copied in their entirety. Section 2. That the City Council hereby authorizes the appropriation of $1,000,000 from the Tax Increment Financing (TIF) District Zone One Fund and authorizes the transfer of funds to the Capital Project General Facilities Fund. Section 3. That the terms and provisions of this ordinance shall be deemed to be severable, and that if the validity of any section, subsection, word, sentence or phrase shall be held to be invalid, it shall not affect the remaining part of this ordinance. Section 4. That the fact that the present ordinances and regulations of the City of Grapevine, Texas are inadequate to properly safeguard the health, safety, morals, peace and general welfare of the inhabitants of the City of Grapevine, Texas, creates an emergency Lfor the immediate preservation of the public business, property, health, safety, and general welfare which requires that this ordinance shall take effect immediately from and after its passage and it is accordingly so ordained. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 2nd day of May, 2017. APPROVED: _1 t2C Alvs- William D. Tate Mayor ATTEST: GRAPE �0 F,--,.L,2 C.) ' -.1411kL \MI Tara Brooks City Secretary r` f\ ,' C' * * * Ordinance No. 2017-024 2 APPROVED AS TO FORM: John F. Boyle, Jr. City Attorney Ordinance No. 2017-024 3