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Ordinance 2021-56ORDINANCE NO. 2021-56 AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING ORDINANCE NO. 2021-43, WHICH ESTABLISHED THE BUDGET FOR FISCAL YEAR 2021- 2022; REPEALING ALL CONFLICTING ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council heretofore adopted Ordinance No. 2021-43 setting forth the Budget for Fiscal Year 2021-2022 beginning October 1, 2021, and ending September 30, 2022; and, WHEREAS, the City Departments and Divisions routinely review their budget appropriations to determine if any changes are necessary; and WHEREAS, based upon said review the City staff now recommends that certain amendments to the Budget be considered by the City Council; see Exhibit A; and, WHEREAS, the City Council has the authority to make amendments to the City Budget under Article VII, Section 4 of the City Charter, as well as State law; and, WHEREAS, the City Council has determined that the proposed amendments to the FY 2021-2022 Budget; see Exhibit A, with the revenues and expenditures therein contained, is in the best interest of the City; and therefore, desires to adopt the same by formal action. NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF WYLIE, TEXAS: SECTION I: The proposed amendments to the FY 2021-2022 Budget of the City of Wylie; Exhibit A, as heretofore adopted by Ordinance No. 2021-56, are completely adopted and approved as amendments to the said FY 2021-2022 Budget. SECTION II: All portions of the existing FY 2021-2022 Budget and Ordinance No. 2021-43, except as specifically herein amended, shall remain in full force and effect, and not be otherwise affected by the adoption of the amendatory ordinance. SECTION III: Should any paragraph, sentence, sub -division, clause, phrase or section of this ordinance be adjudged or 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 or parts as declared to be invalid, illegal, or unconstitutional. SECTION IV: This ordinance shall be in full force and effect from and after its adoption by the City Council and publication of its caption as the law and the City Charter provide in such cases. SECTION V: That all other ordinances and code provisions in conflict herewith are hereby repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code not in conflict herewith shall remain in full force and effect. SECTION VI: The repeal of any ordinance, or parts thereof, by the enactment of the Ordinance, shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue, Ordinance No. 2021-56 — WEDC Budget Amendment FY 2021-2022 Page 1 of 2 nor as affecting any rights of the municipality under any section or provision of any ordinances at the time of passage of this ordinance. DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this l4th day of December, 2021. ?2� atthew Porter, Mayor ATTEST: Ordinance No. 2021-56 — WEDC Budget Amendment FY 2021-2022 Page 2 of 2 Budget Amendment Exhibit A WEDC Fund Department Account Number Account Description Debit Credit Project Name 111 4000 49325 111 5611 56040 111 5611 56040 111 5611 57410 111 5611 57410 111 5611 57410 111 5611 57415 111 5611 57415 111 5611 58110 111 5611 58110 111 5611 58110 111 5611 58210 Bank Nate Proceeds Special Services Special Services Principal Payment Principal Payment Principal Payment Interest Payment Interest Payment Land Purchase Price Land Purchase Price Land Purchase Price Streets & Alleys 108,000 00 71,000.00 4,110,003.45 661,041.28 10,390.78 925.55 3,000,441.20 237,951.39 480,000.00 250,000.00 8,108,000.00 61,923.03 Fund 111 8,929,753.65 8,169,923.03 Recognize receipt of Bank Note proceeds Loan Initiation Costs Demolition Costs Payoff of 78/Brown loan Payoff of Whirlpool loan Reimbursement from AND Payoff of 78/Brown loan Payoff of Whirlpool loan 802 W. Kirby 401 N. Keefer 104 S. Ballard CalHar FM 544 Waterline