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HomeMy WebLinkAboutORD 2020-018 ORDINANCE NO. 2020-018 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, REVISING THE ADOPTED BUDGET FOR THE FISCAL YEAR ENDING IN 2020; 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$409,175; representing the excess amount over the 2020 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$409,175. Section 3. That a copy of the revised Fiscal Year 2019-2020 Operating Budget document shall be kept on file in the office of the City Secretary and on the City of Grapevine website. 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 21st day of April, 2020. APPROVED: William D. Tate Mayor ATTEST: �o� GRAPF`�� ' ` 2 . � �. li��=GC.lG(I/ �� � �1 C)� I�SI Tara Brooks ��` �;y City Secretary �, , ,k'*"�r APPROVED AS TO F.ORM: City Attorney Ordinance No. 2020-018 2