HomeMy WebLinkAbout12260 ORD - 09/11/1974• JRR:jkh:hb:9 /10/74:1st � •
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AN ORDINANCE
AMENDING THE CITY BUDGET, APPROPRIATING THE SUM
OF $6,616.05 OUT OF AIRPORT CONTROL TOWER BOND
FUND NO. 246 AS HEREINAFTER SET FORTH FOR EXPENSES
IN CONNECTION WITH THE SALE OF $800,000 TAX AND
REVENUE CERTIFICATES OF OBLIGATION, SERIES 1974 -A
ON JUNE 5, 1974; APPROPRIATING THE SUM OF
$17,646.39 OUT OF VARIOUS BOND FUNDS AS HEREIN-
AFTER SET FORTH FOR EXPENSES IN CONNECTION WITH
THE SALE OF $3,900,000 GENERAL IMPROVEMENT BONDS,
SERIES 1974 ON JUNE 5, 1974; 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 $6,616.05
out of the Airport Control Tower Bond Fund No. 246 as hereinafter set
forth for expenses in connection with the sale of $800,000 Tax and Revenue
Certificates of Obligation, Series 1974 -A, said sale having been conducted
June 5, 1974, said expenses being as follows:
Financial Advisor $2,030.55
Bond Attorney 4,198.50
Printing Bonds 387.00
6 616.05
SECTION 2. There is hereby appropriated the sum of $17,646.39
out of various bond funds as hereinafter set forth for expenses in connection
with the sale of $3,900,000 General Improvement Bonds, Series 1974, said
sale having been conducted June 5, 1974, said expenses being as follows:
Financial Advisor $ 9,913.55
Band Attorney 5,016.84
Printing Bonds 616.00
Contract Bond Rating
Service: Standard 6
Poor's 1,000.00
Moody's Investors
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Service
1,100.00
17 646.39
Fund
Bonds Sold
Percent
Appropriation
207
Public Building Bond Fund
(Fire and Police Building) $150,000
3.8
$ 670.56
206
Auditorium Bond Fund
500,000
12.8
2,258.74
220
Street Bond Fund
1,550,000
39.8
7,023.27
250
Sanitary Sewer Bond Fund
750,000
19.2
3,388.09
291
Park Bond Fund
350,000
9.0
1,588.18
295
Storm Sewer Bond Fund
600,000
15.4
2,717.55
$3,900,000
100.0
$17,646.39
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SECTION 3. Amendment of the City Budget to accomplish the
purposes of this ordinance is necessitated for emergency expenditure in
grave public necessity to meet unusual and unforeseen conditions, which
could not, by reasonable diligent thought and attention of the Government
of the City of Corpus Christi, have been included in the current, original
Budget of the City.
SECTION 4. The necessity for making the appropriation as
described in Sections 1 and 2 hereof creates a public emergency and
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
such emergency and necessity to exist, and having requested the suspension
of the Charter Rule and that this ordinance be passed finally on the date
of its introduction and take effect and be in full force and effect from
and after its passage, IT IS ACCORDINGLY SO ORDAINED this the _%/ -'day of
September, 1974.
ATTEST:
City Secretary
APPROWDaDAY OF SEPTEMBER, 1974:
Ci At rney
&zAn7-�-
e
MAYOR
THE CITY OF CORPUS CHRISTI, TEAS
CITY OF CORPUS CHRISTI, TD[AS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
September 11, 1974
I certify to the City Council that $ 24,262.41E , 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 See schedule below
Project No. See schedule below
Project Name Bond Issuance Expense
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose.
Project
Fund
Number
Amount
207 Public Bldg. Bond Fund
207 -72 -0
$ 670,56
— `7
208 Auditorium Bond Fund
208 -72 -0
2,258.74
220 Street Bond Fund
220 -72 -0
7,023.27
246 Airport Control Tower Bond Fund 245 -74 -0
6,616.05
250 Sanitary Sewer Bond Fluid
250 -72 -0
3,388.09
291 Park Bond Fund
291 -72 -0
1,588.18
Mredtor of Fi ce
295 Storm Sewer Bond Fund'
Total
295 -72 -0
2 717.55
2 2 2.
FIN 2 -55
Revised 7/3/68
Corpus Christi, Texas
day of hg 19_,7
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,
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The Charter rule was suspended by the following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzalez
Gabe Lozano, Sr.
J. Howard Stark
The above ordinance was passed by the following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzalez
Gabe Lozano, Sr.
J. Howard Stark