HomeMy WebLinkAboutM2014-170 - 12/16/2014 File Number: 14-001343 Enactment Number: M2014-170
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�. V Motion: M2014-170
File Number: 14-001343 Enactment Number: M2014-170
Motion authorizing the City Manager or designee to execute a third amendment to the
existing Municipal Lease Line of Credit Agreement between the City of Corpus Christi and
Frost Bank for an estimated annual expenditure of $496,704.13 and authorizing the City
Manager or designee to execute future amendments necessary to adjust the annual
amount financed as agreed to by the parties.
At a meeting of the City Council on 12/16/2014, this Motion was passed.
Aye: 7 Mayor Martinez, Council Member Allen, Council Member Garza, Council
Member Loeb, Council Member Magill, Council Member McIntyre, and
Council Member Riojas
Absent: 2 Council Member Leal, and Council Member Scott
Abstained: 0
Nelda Martinez, ayor
Attest: j 2_s2-Le__e__e„ )4A.,9,...AL,
Rebecca Huerta, City Secretary
Corpus Christi Printed on 12/29/14
INDEXED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7&8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: December 16, 2014
Agenda Item:
Motion authorizing the City Manager or designee to execute a third amendment to the existing
Municipal Lease Line of Credit Agreement between the City of Corpus Christi and Frost Bank for an
estimated annual expenditure of$496,704.13 and authorizing the City Manager or designee to execute
future amendments necessary to adjust the annual amount financed as agreed to by the parties.
Amount Required: $175,099.01
Fund Name Accounting Unit Account Activity No. Amount
No.
General Fund 1020-11803-151 530190 $2,015.59
General Fund 1020-11870-151 530190 $1,979.80
General Fund 1020-12010-093 530190 $12,597.47
General Fund 1020-35100-093 530190 $6,298.74
General Fund 1020-12510-032 530190 $79,792.95
General Fund 1020-12520-033 530190 $8,608.28
General Fund 1020-13870-034 530190 $1,574.69
Street Fund 1041-12430-051 530190 $6,088.76
Water Fund 4010-31520-041 530190 $16,051.27
Wastewater Fund 4200-33400-042 530190 $33,330.82
Engineering 5310-11190-011 530190 $6,760.64
Total $175,099.01
❑ Certification Not Required
Director of Financial Services Date: DEC 1 6 2014
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