2018-003ORDINANCE NO. 2018-003
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AMENDING THE FISCAL YEAR
2017-18 BUDGET AND ANNUAL PROGRAM OF SERVICES OF THE CITY OF DENTON
TO ALLOW FOR ADJUSTMENTS TO THE GENERAL FUND OF TWO MILLION SIX
HUNDRED NINETY FIVE THOUSAND DOLLARS ($2,695,000) FOR THE PURPOSE OF
FUNDING TRAFFIC AND PARK IMPROVEMENT PROJECTS, DOWNTOWN TAX
INCREMENT REINVESTMENT ZONE FUND OF ONE MILLION FOUR HUNDRED SIXTY
SIX THOUSAND EIGHT HUNDRED FORTY FIVE DOLLARS ($1,466,845) FOR THE
PURPOSE OF FUNDING SIDEWALKS AND STREET LIGHTS IN DOWNTOWN AND
AUTHORIZING SUCH PROJECTS, CAPITAL IMPROVEMENT PROGRAM FOUR
MILLION ONE HUNDRED SIXTY ONE THOUSAND EIGHT HUNDRED FORTY FIVE
DOLLARS ($4,161,845) FOR THE PURPOSE OF FUNDING THE CAPITAL PROJECTS;
DECLARING A MUNICIPAL PURPOSE; PROVIDING A SEVERABILITY CLAUSE;
PROVIDING FOR AN OPEN MEETINGS CLAUSE; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, pursuant to Ordinance No. 2017-254, the City Council of Denton, Texas,
approved the Fiscal Year 2017-18 Budget and Annual Program of Services (the "Budget"); and
WHEREAS, the City of Denton desires to increase funding in the General Fund to fund
traffic improvement and park projects as described in Attachment 1; and
WHEREAS, the City of Denton desires to increase funding in the Capital Improvement
Program Fund to fund the capital projects; and
WHEREAS, the City of Denton desires to increase funding in the Downtown Tax
Increment Reinvestment Zone Fund ("TIF") to fund sidewalks and street lights in downtown as
authorized herein for the dollar amounts as described in Attachment 1; and
WHEREAS, Tex. Tax Code §§ 311.011(e) and 311.014 authorizes the City to pay the
costs of improvements in the Tax Increment Reinvestment Zone ("TIRZ") with revenues deposited
in the TIF, and Tex. Tax Code §311.008 provides that the City may exercise any power necessary
and convenient to construct public improvements in the zone; and
WHEREAS, pursuant to Ordinance No. 2010-316, on the 17th day of November, 2017, the
board of directors for the TIRZ held a meeting and recommended the projects described herein be
funded using the TIF ("TIRZ Public Improvements"), and the City Council of the City of Denton
finds that the TIRZ Public Improvements are contemplated by the Project and Finance Plans for
the Tax Increment Reinvestment Zone; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the above preamble to this Ordinance are true and
correct and are hereby adopted.
SECTION 2. The Fiscal Year 2017-18 Budget and Annual Program of Services is hereby
amended by the City Council as follows: to allow for an adjustment to the General Fund of
$2,695,000, increasing appropriations from $119,687,991 to $122,382,991; Downtown Tax
Increment Reinvestment Zone Fund, increasing appropriations from $76,000 to $1,542,845;
Capital Improvement Program Fund, increasing appropriations from $518,435,000 to
$522,596,845.
SECTION 3. The TIRZ Public Improvements are more particularly authorized as follows
and for the amounts described in Attachment 1:
A. Repair or replace sidewalks on both sides of North Locust, north of the Square, where
necessary and add any required ADA ramps; provide pedestrian -scale lighting to
McKinney Street; and
B. Repair or replace sidewalks on both sides of North Elm, north of the Square, where
necessary and add any required ADA ramps; provide pedestrian -scale lighting to
Parkway; and
C. Provide pedestrian -scale lighting on W. Oak Street, west of the Square, from the 200
block to the east side of Carroll Blvd; and
D. Provide pedestrian -scale lighting on W. Hickory Street, west of the Square, from the
200 block to the east side of Carroll Blvd.
SECTION 4. This Ordinance shall be filed with the City Secretary, who is directed to
attach a copy of this Ordinance to the Fiscal Year 2017-18 Budget and Annual Program of
Services.
SECTION 5. This Ordinance was approved by at least five members of the City Council
as required by Section 8.08 of the City Charter.
SECTION 6. If any section, subsection, paragraph, sentence, clause, phrase, or word in
this Ordinance, or the application thereof to any person or under any circumstances is held invalid
by any court of competent jurisdiction, such holding shall not affect the validity of the remaining
portions of this Ordinance, and the City Council of the City of Denton, Texas, hereby declares it
would have enacted such remaining portions despite any such invalidity.
SECTION 7. It is officially found and determined that the meeting at which this Ordinance
was passed was open to the public as required by law, and the public notice of the time, place and
purpose of this meeting was given as required by law.
SECTION 8. This Ordinance shall become effective immediately upon its passage and
approval.
Page 2
PASSED AND APPROVED this the w da)
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
Page 3
Capital Projects List
Traffic and Park Improvement ProjectsEstimated
Project Short -Term Improvement _74 -Cost
Extend 288/Colorado
Extend eastbound left turn lane
$200,000
Country Club/Hickory Creek Rd.
Add a westbound right hand turn lane
$150,000
US 77/Dallas Dr./Teasley Ln.
Add turn lanes, channelized islands
$725,000
Bell Ave./McKinney
Add a northbound right turn lane
$120,000
Add a northbound left turn lane and improve the turning
Carroll Blvd./Sherman Rd.
radius on the southeast corner
$425;000
University Dr./Old North Road
Add left turn lanes (north -south)
$500,000
Total
$2,120,000
Vela Athletics Complex*
$575,000
Total General Fund
$2,695,000
*An additional $1,755,000 from the 2014 GO Bond Program may be reallocated to the Vela Athletics Complex
project, pending approval by the Bond Oversight Committee.
Downtown Tax Increment Reinvestment Zone **
Estimated
Projects
Location
Cost
Project A
North Locust (Oak to McKinney) - Sidewalks
$304,447
Project B
North Elm (Oak to Parkway) - Sidewalks and Lights
$651,476
Project C
West Oak (Carroll to Elm) - Lights
$255,461
Project D
I West Hickory (Carroll to Elm) - Lights
$255,461
Total Downtown Tax Increment Reinvestment Zone
$1,466,845
Total Capital Program increase
$4,161,845
* Estimated costs are preliminary and include contingencies..