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Ordinance No. 9,526ORDINANCE NO. 9526 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, MAKING A CHANGE IN THE CITY OF BAYTOWN'S FISCAL YEAR 2002 -2003 BUDGET FOR MUNICIPAL PURPOSES IN ORDER TO REPROGRAM FUNDS FROM THE SANITARY SEWER EVALUATION STUDY TO THE SANITARY SEWER REHABILITATION PROJECT IN THE KINGSBEND SUBDIVISION; MAKING OTHER REPRESENTATIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the City of Baytown's adopted budget for .fiscal year 2002 -2003 includes ONE MILLION TWO HUNDRED THOUSAND AND NO /100 DOLLARS ($1,200,000.00) for a Sanitary Sewer Evaluation Study ( "SSES "); and WHEREAS, the City of Baytown's staff has determined that a better utilization of the ONE MILLION TWO HUNDRED THOUSAND AND NO 1100 DOLLARS ($1,200,000.00) in funding would be to perform actual rehabilitation work on the sanitary sewer collection system; and WHEREAS, the ONE MILLION TWO HUNDRED THOUSAND AND N01100 DOLLARS ($1,200,000.00) in funds are recommended to be used to perform sanitary sewer rehabilitation in the Kingsbend Subdivision; and WHEREAS, the City Council intends to consider an ordinance at its regular meeting on March 13, 2003, which would refund existing utility bond indebtedness and issue additional debt in order to fund the ONE MILLION TWO HUNDRED THOUSAND AND NO /100 DOLLARS ($1,200,000.00) of sanitary sewer rehabilitation in the Kingsbend Subdivision; NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown hereby changes in the City of Baytown's Fiscal Year 2002 -2003 budget for municipal purposes to reprogram ONE MILLION TWO HUNDRED THOUSAND AND NO /100 DOLLARS ($1,200,000.00) from the sanitary sewer evaluation study to the sanitary sewer rehabilitation project in the Kingsbend Subdivision. Section 2: That the City Council of the City of Baytown hereby directs the City Manager to place an ordinance refunding existing bonded indebtedness and issuing new debt to fund the ONE MILLION TWO HUNDRED THOUSAND AND NO /100 DOLLARS ($1,200,000.00) sanitary sewer rehabilitation project in the Kingsbend Subdivision on the agenda for its regularly scheduled council meeting to be held on March 13, 2003. • Section 3: This ordinance shall take effect immediately from and after its passage by the City CoLmcil of the City of Baytown, Texas. INTRODUCED, READ and PASSED, by the affirmative vote of the City Council of the City of Baytown this the 27th day of February, 2003. PETE C. ALFARO, Ma or ATTEST: i/ h";�4y I : SMITH, City Clerk APP RO`/ED AS TO FORM: ACIO RAMIREZ, jj., City Attorney R\Karen\Filcs \City Council\ Resolutions \KingsbendSubdivision ReprogrammingFunds.doc