HomeMy WebLinkAbout09572 ORD - 12/10/1969JKH:12-10 -69
TEXAS:
AN ORDINANCE
AUTHORIZING AND DIRECTING THE CITY MANAGER, FOR AND
ON BEHALF OF THE CITY OF CORPUS CHRISIT, TO ENTER
INTO AN AGREEMENT WITH THE LOWER NUECES RIVER WATER
SUPPLY DISTRICT WHEREBY THE CITY WILL MAKE PAYMENT
TOWARD PRINCIPAL AND INTEREST OF WATER DISTRICT IN
ORDER TO AVOID LEVY OF PROPERTY TAX BY THE SAID
WATER DISTRICT, ALL AS MORE FULLY SET FORTH IN THE
AGREEMENT, A COPY OF WHICH IS ATTACHED HERETO AND
MADE A PART HEREOF; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
SECTION 1. THAT THE CITY MANAGER BE, AND HE IS HEREBY, AUTHORIZED
AND DIRECTED, FOR AND ON BEHALF OF THE CITY OF CORPUS CHRISTI, TO ENTER
INTO AN AGREEMENT WITH THE LOWER NUECES RIVER WATER SUPPLY DISTRICT WHEREBY
THE CITY WILL MAKE PAYMENT TOWARD PRINCIPAL AND INTEREST OF WATER DISTRICT
IN ORDER TO AVOID LEVY OF PROPERTY TAX BY THE SAID WATER DISTRICT, ALL AS
MORE FULLY SET FORTH IN THE AGREEMENT, A COPY OF WHICH IS ATTACHED HERETO
AND MADE A PART HEREOF.
SECTION 2. THE NECESSITY TO PROMPTLY EXECUTE THE HEREINABOVE
DESCRIBED AGREEMENT IN ORDER TO REDUCE THE AGREEMENT OF THE PARTIES
TO WRITING CREATES A PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECESSITY
REQUIRING THE SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLU-
TION SHALL BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT SUCH
ORDINANCE OR RESOLUTION SHALL BE READ AT THREE SEVERAL MEETINGS OF THE
CITY COUNCIL, AND THE MAYOR HAVING DECLARED SUCH EMERGENCY AND NECESSITY
TO EXIST, HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT
THIS ORDINANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT
SUCH ORDINANCE TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER
ITS PASSAGE, IT IS ACCORDINGLY SO ORDAINED, THIS THE I OF
DECEMBER, ig6g.
ATTEST:
CI Y SECRETARY
APPROVED:
DAY OF DECEMBER, 1969:
CITY AT 'ORNE
9572
AGREEMENT
THE STATE OF TEXAS
COUNTY OF NUECES
THIS AGREEMENT THIS DAY ENTERED INTO BETWEEN THE CITY OF
CORPUS CHRISTI, HEREINAFTER CALLED "CITY", AND THE LOWER NUECES RIVER
WATER SUPPLY DISTRICT, HEREINAFTER CALLED "DISTRICT",
W I T N E S S E T H•
WHEREAS, THE CITY DESIRES TO MAKE PAYMENTS TO THE DISTRICT,
FOR THE PURPOSES OF RETIRING THE TAX - SUPPORTED DEBT OF DISTRICT; AND
WHEREAS, THE CONTRACT BETWEEN CITY AND DISTRICT, EXECUTED ON
AUGUST 10, 1955, AFTER APPROVAL BY THE QUALIFIED VOTERS OF CITY, PROVIDES
IN SECTION 16 THEREOF THAT THE CITY BECOMES THE OWNER OF THE RESERVOIR
FACILITIES WHEN THE DEBT INCURRED FOR THESE FACILITIES IS PAID OFF; AND
WHEREAS, THE CITY DESIRES TO MAKE A PAYMENT TOWARD THE PRINCIPAL
AND INTEREST OF DISTRICT SO THAT DISTRICT WILL NOT BE REQUIRED TO LEVY
A PROPERTY TAX:
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL BENEFITS TO
ACCRUE TO THE PARTIES UPON THE ADOPTION OF THE FOLLOWING CONTRACT, AND
IN CONSIDERATION OF THE OBLIGATIONS TO BE DISCHARGED BY THE CITY AND THE
DISTRICT UNDER THE PROVISIONS OF THE PROPOSED CONTRACT, THE PARTIES HERETO
AGREE AS FOLLOWS:
1: CITY AGREES TO PAY TO DISTRICT SIXTY -THREE THOUSAND FIVE
HUNDRED DOLLARS ($63,500.00) PER MONTH ON THE 15TH OF EACH MONTH FOR THE
MONTHS OF NOVEMBER, 1969, THROUGH APRIL, 1970, OR A TOTAL OF THREE HUNDRED
EIGHTY -ONE THOUSAND DOLLARS ($381,000.00) DURING THE 1969 -70 FISCAL YEAR
AS A PAYMENT FOR THE PURPOSES OF MEETING THE INTEREST AND PRINCIPAL OF
DISTRICT ON DISTRICTS TAX - SUPPORTED DEBT. THIS AGREEMENT WILL IN NO WAY
AFFECT THE CONTRACT BETWEEN THE CITY AND THE DISTRICT AND THE PAYMENTS
THEREUNDER. THE PAYMENTS UNDER THIS AGREEMENT ARE IN ADDITION TO THOSE
REQUIRED BY THE CONTRACT EXECUTED ON AUGUST 10, 1955•
Corpus Christi Texas � q
L ay
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas ,.
For the reasons set forth in the emergency clause of the foregoing
ordinance, a public emergency and imperative necessity-exist for the suspen-
sion of the Charter rule or requirement that no ordinance or resolution shall
be passed finally on the date it is introduced, and that such ordinance or
resolution shall be read at three meetings of the City Council; I, therefore,
request that you suspend said Charter rule or requirement and pass this ordi-
nance finally on the date it is introduced, or at the present meeting of the
City Council.
Respectfully, d
MAYOR (y /
THE C OF3
The Charter rule was suspended by the following vote.
Jack R. Blackmon
Gabe Lozano, Sr.
V. A. "Dick"Bradley, Jr.
Eduardo E. de Ases
Ken McDaniel
W. J. '.'Wrangler" Roberts
Ronnie Sizemore
The above ordinance was passed by the follo ing vote:
Jack R. Blackmon r`I�
Gabe Lozano, Sr.
V. A. "Dick" Bradley, Jr. _
Eduardo E. de Ases
Ken McDaniel
W. J. Wrangler" Roberts
• Ronnie Sizemore
TEXAS