HomeMy WebLinkAboutORD 2017-050 ORDINANCE NO. 2017-050
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS APPROPRIATING $555,000.00 FROM
THE SERIES 2015 UTILITY BOND SALE PROCEEDS,
DECLARING AN EMERGENCY AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the City of Grapevine, Texas desires to appropriate funds for
Wastewater Treatment Plant Electrical improvements; and
WHEREAS, funding of$555,000.00 is available from the 2015 Utility Bond Sale in
the Utility Enterprise Capital Fund; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this ordinance is 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 hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. That the City Council hereby approves the use of funds from the
Utility Enterprise Capital Fund.
Section 3. That the City Council hereby appropriates the funding.
Section 4. That the City Council hereby authorizes an amount of $555,000.00
to be appropriated in the Utility Enterprise Capital Fund from available funds.
Section 5. That this ordinance shall take effect immediately upon passage by
the City Council of the City of Grapevine, Texas.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 15th day of August, 2017.
APPROVED:
Willi m D. Tate
Mayor
ATTEST:
GRAP1/
,2
/ i% ii i ( \ /
Tara Brooks
City Secretary
,
APPROVED AS TO FORM:
t'
John F. Boy e, Jr.
City Attorney
Ordinance No. 2017-050 2