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ORDINANCE NO. 2018-07 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS AMENDING THE CITY'S 2017-2018 FISCAL YEAR <br /> BUDGET BY BUDGETING AND APPROPRIATING $442,000 FROM <br /> GENERAL FUND TO BE DISTRIBUTED TO THE VILLAGE OF SAN <br /> MARCOS TO PROVIDE FUNDING FOR THE CONSTRUCTION OF <br /> PHASE II OF THE VILLAGE MAIN PROJECT; AND PROVIDING AN <br /> EFFECTIVE DATE. <br /> RECITALS: <br /> In accordance with Section 8.16 of the City Charter,the City Council declares that a public <br /> necessity exists that requires an amendment to the City's 2017-2018 Fiscal Year Budget. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> SECTION 1. The City Budget Ordinance for the 2017-2018 Fiscal Year is amended as <br /> set forth in the attached Exhibit A, to appropriate$442,000 from general fund to be distributed to <br /> the Village of San Marcos to provide funding for the construction of Phase II of the Village Main <br /> Project; and providing an effective date. <br /> SECTION 2. These revisions will be incorporated into the 2017-2018 Fiscal Year City <br /> r Budget. <br /> SECTION 3. If any word,phrase, clause, sentence, or paragraph of this ordinance is held <br /> to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this <br /> ordinance will continue in force if they can be given effect without the invalid portion. <br /> SECTION 4. All ordinances and resolutions or parts of ordinances or resolutions in <br /> conflict with this ordinance are repealed. <br /> SECTION 5. This ordinance will take effect immediately after its passage, approval and <br /> adoption on second reading. <br /> PASSED AND APPROVED on first reading on March 6, 2018. <br /> PASSED, APPROVED AND ADOPTED on second reading on May 1, 2018. <br /> Qaides <br /> Mayor <br />