HomeMy WebLinkAboutORD 2025-056AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, AUTHORIZING THE
APPROPRIATION OF REVENUE IN THE AMOUNT OF
$20,621,000 IN THE UTILITY ENTERPRISE FUND
RECEIVED FROM THE SALE OF BONDS AND INCLUDING
INTEREST ACCRUED AND AUTHORIZING THE
APPROPRIATION OF $20,621,000 IN THE UTILITY
ENTERPRISE FUND FOR EXPENDITURES ASSOCIATED
WITH THE WATER AND WASTEWATER TREATMENT
PLANT IMPROVEMENT PROJECT; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Grapevine has received funds from the sale of bonds
approved in 2024 and accrued interest for the Water and Wastewater Treatment Plant
Administration Building Improvements Project; 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 Chapter
211 of the Local Government Code; 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 an amount of
$20,621,000 revenue be appropriated in the Utility Enterprise Fund based on receipts
of funds from the approved sale of bonds and accrued interest.
Section 3. That the City Council hereby authorizes an amount of
$20,621,000 for expenditures be appropriated in the Utility Enterprise Fund associated
with the Water and Wastewater Treatment Plant Administration Building Improvements
Project.
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.
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