17-33 O - Amendment to FY 2016-2017 Budget, Water Impact Fees and Thoroughfare Impact FeesTOWN OF PROSPER, TEXAS
ORDINANCE NO. 17-33
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 16-55 (FY 2016-2017 BUDGET) AND ALLOCATING FUNDS
TO FUND INCREASED EXPENDITURE OF $752,839 IN THE WATER IMPACT
FEE FUND BUDGET; AND ALLOCATING FUNDS TO FUND INCREAESED
EXPENDITURE OF $350,000 IN THE EAST THOROUGHFARE IMPACT FEES
FUND PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY
CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF THIS
ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Council'), has
investigated and determined that it will be beneficial and advantageous to the residents of the
Town of Prosper, Texas ("Prosper"), to amend Ordinance No. 16-55 (FY 2016-2017 Budget) for
the purposes listed in Exhibit "A," attached hereto and incorporated herein by reference; and
WHEREAS, the changes will result in budgeted funds being reallocated within the General
Fund and an overall net increase in the budget for funding from fund balance.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS. THAT:
SECTION 1
Findinas Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2
Ordinance No. 16-55 (FY 2016-2017 Budget) is hereby amended to allow for increases to
appropriations as shown in Exhibit "A," attached hereto and incorporated herein by reference.
SECTION 3
Savinos/Reoealina Clause. All provisions of any ordinance in conflict with this Ordinance
are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any
violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting
ordinances shall remain in full force and effect.
F4MIA IIQ11r!
Severabilitv. Should any section, subsection, sentence, clause, or phrase of this
Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is
expressly provided that any and all remaining portions of this Ordinance shall remain in full force
and effect. Prosper hereby declares that it would have passed this Ordinance, and each section,
subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more
sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 5
Effective Date. This Ordinance shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, T' ki4A10,IbN1V0).S 11TH DAY OF APRIL, 2017.
*�' of PRO '-*e
�,*��..••'"'°'••.•sib% TOWN OF PROSPER TEXAS
* e Ray Smith Mayor
ATTEaT�: °°•I)
of.#
Rahyh Battle, T*n Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. We ch, Town Attorney
Ordinance No. 1733, Page 2
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
April 11, 2017
WATER IMPACT FEES
EXPENDITURES:
Developer Reimbursements
Prosper Lake on Preston Development Reimb
Preserve Doe Creek Development Reimb
Total Developer Reimbursements $
Captial Projects
Fishtrap Elevated Storage Tank (South)
Water Supply Line Phase I
Total Capital Projects S
EAST THOROUGHFARE IMPACT FEES
Expenditures:
First Street (DNT-Coleman) $
Total $
Total Expenditures
Net Effect All Funds
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
-
$ -
$ 251,000
$ 251,000
532,586
532,586
713,460
180,874
532,586
$ 532,586
$ 964,460
$ 431,874
-
-
157,425
157,425
163,540
163.540
-
$ -
$ 320,965
$ 320,965
Original
Current
Amended
Increase
Budget-
Budget
Budget
(Decrease)
$ -
$ 350,000
$ 350,000
-
$ -
$ 350,000
$ 350,000
Ordinance No. 17-33, Page 3
1,102,839
$ 1,102,839
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