HomeMy WebLinkAboutORD 2019-042 ORDINANCE NO. 2019-042
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, REVISING THE ADOPTED BUDGET
FOR THE FISCAL YEAR ENDING IN 2019; PROVIDING
FOR THE TRANSFER OF THE FUNDS; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Grapevine entered into a DFW Revenue
Sharing Agreement with the DFW Airport and the Cities of Dallas and Fort Worth, Texas
per Senate Bill 569; and
WHEREAS, the agreement indicates that revenues within the Dallas Fort Worth
International Airport are to be shared if they exceed amounts in fiscal year 2000 base
year of $5,941 ,780. The amount will be split 7/11 to Dallas and 4/11 to Fort Worth, net
of accountant's fees; and
WHEREAS, the funding for payments associated with the DFW Revenue Sharing
Agreement shall be appropriated from General Fund Balance in the amount of$345,494;
representing the excess amount over the 2019 Operating Budget; and
WHEREAS, the funding for the Sharing Agreement should be paid from the
General 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 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 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 authorizes the appropriation of funds
currently in the General Fund Balance to the General Fund in an amount of $345,494.
Section 3. That a copy of the revised Fiscal Year 2018-2019 Operating Budget
document shall be kept on file in the office of the City Secretary and on the City of
Grapevine website.
I
Section 4. 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 5. 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 for 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 6th day of August, 2019.
APPROVED:
William D. Tate
Mayor
ATTEST: o GEZAPF�i
i `tin`
Tara Brooks
City Secretary
APPROVED AS TO FORM:
City Attorney
4
4
4 heftOrdinance No. 2019-042 2