Loading...
Ord 65-2002 8/6/2002 ORDINANCE NO. Q-DX ORDINANCE MAKING AN APPROPRIATION IN THE COLISEUM CONSTRUCTION FUND FOR ADDITIONAL PRIVATE CONTRIBUTIONS; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City Council approved a funding plan for the MPEC Coliseum Construction Project on March 23, 2001; and WHEREAS, the City has received confirmation that private contributions will be made to the project above the amount originally budgeted; and WHEREAS, the amount of interest earnings on the fund balance in the Coliseum Construction Fund is expected to exceed originally budgeted amounts; and WHEREAS, there is a need to appropriate these additional revenues to the budget for the Construction of the Coliseum for various equipment and furnishings that were not part of the original budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The Coliseum Construction Fund Budget is hereby amended in the following manner: (1) increase private contributions by $841,910, (2) increase interest earnings by $86,709 and (3) reduce the General Fund Appropriation by $165,783. These amendments bring the total budgeted amount for the project to $20,446,034. SECTION 2. These additional funds are to be used to purchase various pieces of equipment and furnishings that were not a part of the original budgeted amount such as ice resurfacing equipment, portable basketball floor, basketball goals, homosote ice covering, spot lights, ticketing system, tradeshow electrical equipment, dasher boards, scoreboard, staging, tables and chairs and other furnishings. lb SECTION 3. It is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public as required by law. PASSED AND APPROVED this the 6th day of August 2002. (A),A L___ k MAYOR ATTEST: neut,i) City Clerk 1