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HomeMy WebLinkAbout09660 ORD - 03/04/1970I., AN ORDINANCE APPROPRIATING THE SUM OF $10,240.85 OUT OF NO. 202 WATER SYSTEM BOND FUND FOR EXPENSES IN CONNECTION WITH THE SALE OF $1,340,000 FIRST MORTGAGE WATER- WORKS REVENUE BONDS, SERIES 1969 -A, AND $7,330.06 FROM VARIOUS BOND FUNDS FOR EXPENSES IN CONNECTION WITH THE SALE OF $2,100,000 GENERAL IMPROVEMENT BONDS, SERIES 1969 -A, ON DECEMBER 3, 1969; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. THERE IS HEREBY APPROPRIATED THE SUM OF $10,240.85 OUT OF No. 202 WATER SYSTEM BOND FUND FOR EXPENSES IN CONNECTION WITH THE SALE OF $1,340,000 FIRST MORTGAGE WATERWORKS REVENUE BONDS, SERIES 1969 -A, SAID SALE HAVING BEEN CONDUCTED DECEMBER 3, 1969, SAID EXPENSES BEING AS FOLLOWS: FINANCIAL ADVISOR BOND ATTORNEY PRINTING BONDS TRUSTEE FEE INDEPENDENT AUDIT CONTRACT BOND RATING SERVICE BY STANDARD & POOR'S $5,595.12 3,092.89 232.00 520.84 500.00 300.00 $10,240.85 AND THERE 1S HEREBY APPROPRIATED THE SUM OF $7,330.06 OUT OF THE FOLLOWING LISTED BOND FUNDS FOR EXPENSES IN CONNECTION WITH THE SALE OF $2,100,000 GENERAL IMPROVEMENT BONDS, SERIES 1969 -A, SAID SALE HAVING BEEN CONDUCTED DECEMBER 3, 1969: FINANCIAL ADVISOR BOND ATTORNEY PRINTING BONDS CONTRACT BOND RATING SERVICE BY STANDARD & POOR'S $3,198.16 3,392.90 339.00 400.00 $7,330.06 FUND BONDS SOLD PERCENT APPROPRIATION 220 STREET BOND FUND $ 900,000 42. 9% $3,144.60 245 AIRPORT BOND FUND 1,100,000 52.4% 3,840.95 295 STORM SEWER BOND FUND 100,000 4.7% 344.51 $2,106,000 100.0% 57,30.06 9660 SECTION 2. THE NECESSITY FOR MAKING THE APPROPRIATION AS DESCRIBED IN SECTION 1 HEREOF CREATES A PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECESSITY REQUIRING THE SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLUTION 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 VAT SUCH EMERGENCY AND NECESSITY EXIST, AND HAVING REQUESTED THE SUSPEN- SION OF SAID CHARTER RULE AND THAT THIS ORDINANCE TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE, IT IS ACCORDINGLY SO ORDAINED, THIS THEIIILLOAY OF MARCH, 1970. ATTEST: CITY SECRETARY APPROVED: DAY OF MARCH, 1970: CITY ATTORNEY THE CITY OF CORPUS CHRISTI, TEXAS CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) February 27, 1970 /Q ado. mss_ I certify to the City Council that $ 1O-44O.4.- , the amount required for the contract, agreement, obligation or expenditures contemplated in the above and foregoing ordinance is in the Treasury of the City of Corpus Christi to the credit of: Fund No. and Name 202 Water System Bond Fund Project No. 202 -69 -0 Project Name Bond Issue Expense from which it is proposed to be drawn, and such money is not appropriated for any other purpose. FIN 2 -55 Revised 7 -31 -69 February 27 , 19 70 CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) February 27. 1970 73340.06 I certify to the City Council that $ 9 -.36ie , the amount required for the contract, agreement, obligation or expenditures contemplated in the stove and foregoing ordinance is in the Treasury of the City of Corpus Christi to the credit of: Fund No. and Name See Schedule Below Project No. Project Name from which it is proposed to be drawn, and such money is not appropriated for any other purpose. 3 143144o * 220 Street Bond Fund $3,230. Proj. No. 220 -69 -0 Bond Issue Expense 3 S 245 Airport Bond Funcl__3r445-riN8- Proj. No. 245 -69 -0 Bond Issue Expense 295 Storm Sewer Bond 3 4*,(f Fund Proj. No. 295 -69 -0 Bond Issue Expense �' 7,330.06 Total $ FIN 2 -55 Revised 7 -31 -69 February 27 , 19 70 Directgfi,bf Finance CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) I certify to the City Council that $ , , the amount required for the contract, agreement, obligation or expenditures contemplated in the above and foregoing ordinance is in the Treasury of the City of Corpus Christi to the credit of; Fund No. and Name Project No. Project Name from which it is proposed to be drawn, and such money is not appropriated for any other purpose. FIN 2 -55 Revised 7 -31 -69 , 19 Director of Finance 3 .f CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) { February 27, 1970 /gar�o.As" I certify to the City Council that $ 1O 4 ,4 - , the amount required for the contract, agreement, obligation or expenditures contemplated in the above and foregoing ordinance is in the Treasury of the City of Corpus Christi to the credit of: Fund No. and Name 202 Water System Bond Fund Project No. 202 -69 -0 Project Name Bond Issue Expense from which it is proposed to be drawn, and such money is not appropriated for any other purpose. FIN 2 -55 Revised 7 -31 -69 February 27 , 19 70 CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) I certify to the City Council that $ , the amount required for the contract, agreement, obligation or expenditures contemplated in the above and foregoing ordinance is in the Treasury of the City of Corpus Christi to the credit of: Fund No. and Name Project No. Project Name from which it is proposed to be drawn, and such money is not appropriated for any other purpose. , 19 Director of Finance FIN 2 -55 Revised 7 -31 -69 Corpus Christi, Texas 4(/day of Gi 1 J_, 19A 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 aid 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, it-e4C/0241.-ee ] IMOR THE CITY OF CORPUS CHRISTI, TEXAS 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 £o1T6wing vote: Jack R. Blackmon Gabe Lozano, Sr. V. A. "Dick" Bradley, Jr. Eduardo E. de Ases Ken McDaniel W. J. Wrangler" Roberts Ronnie Sizemore - •1