OR 98-822 Amends City budget for FY 10/1/97 - 9/30/98 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 98822
AN ORDINANCE OF TFIE CITY OF COPPELL, TEXAS,
AMENDING ORDINANCE NO. 97808, AS AMENDED, THE ORDINANCE
APPROVING AND ADOPTING TF[F, BUDGET FOR TFIE CITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1997, AND ENDING
SEPTEMBER 30, 1998 TO ESTABLISH AN INFRASTRUCTURE
MAINTENANCE FUND; PROVIDING A REPEALING CLAUSE;
PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN
EFFECTIVE DATE.
WIW~REAS, City Council approved and adopted a budget for the City for the fiscal year
beginning October 1, 1997 and ending September 30, 1998; and
WBE~S, City Council desires to establish an Infi'astru~re Maintenance Fund (IMF) to be
restricted to the maintenance of streets, drainage, water/sewer system reconstruction and public
buildings to be funded on an annual basis from the unencumbered fund balances from the general fired
and water and sewer fund,
NOW TFIF~REFORE, BE IT ORDAINED BY THE CITY COUNCIL OF ~ CITY
OF COPPEIJ~, TEXAS:
SECTION 1. That Ordinance No. 97808 and the budget for the City beginning October 1,
1997 and ending September 30, 1998 be and the same axe hereby amended to add the following
provision to establish an Infrastructure Maintenance Fund (IMF) to read as follows:
"Infrastructure Maintenance Fund (IMF): IMF is to be funded on an initial basis by four
hundred fifty thousand dollars ($450,000)of the unencumbered fund balances from each of the
general fund and the water and sewer fund. °After completion of each fiscal year audit, the City
Manager is authorized to transfer one-third (1/3) of the annual operating surpluses, up to a
maximum of two hundred thousand dollars ($200,000) from each of the general fund and the
water and sewer fund to the IMF provided all required fund balance requirements axe met. No
expenditure may be made from the IMF until fiscal year beginning October 1, 2001; and such
funds axe restricted to maintenance of streets, drainage, water and sewer reconstruction, and
public buildings."
SECTION 2. That all ordinances of the City of Coppell in conflict with the provisions of this
Ordinance, be, and the same are hereby, repealed and all other provisions of the Ordinances of the City
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of Coppell including Ordinance No. 97808 as amended, not in conflict with provisions of this
Ordinance shall remain in full force and effect.
SECTION 3. That should any word, phrase, paragraph, section or phrase of this ordinance or
of the Ordinances of the City, as amended hereby, be held to be unconstitutional, illegal or invalid, the
same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other
than the part so decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the
Ordinances as a whole.
SECTION 4. That this ordinance shall take effect immediately from and after its passage, as
the law and charter in such cases provide.
DULY PASSED by the City Council of the City of Coppell, Texas, this the/~?-/7/ day of
/z,: [.~, ~/~ ~j , 1998.
APPROVED:
ATTEST:
KATHLEEN ROACH, CITY SECRETARY
APPROVED AS TO FORM:
PETER G. S~~C~Y ATTORNEY
(pGS/tfl 1/7198)
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