HomeMy WebLinkAbout14937 ORD - 06/06/1979jkh:6-6-79;lst
4110
AN ORDINANCE
AMENDING THE CHOKE CANYON DAM ESCROW FUND CONTRACT,
AUTHORIZED BY ORDINANCE NO. 13828, SUBJECT TO WRITTEN
APPROVAL BY THE BUREAU OF RECLAMATION,SO AS TO PROVIDE
FOR REIMBURSEMENT TO CITY OF CORPUS CHRISTI AND THE
NUECES RIVER AUTHORITY OUT OF THE ESCROW FUND OF ANY
REMAINING FUNDS IN PROPORTION TO THE CONTRIBUTIONS
TO THE FUND BY EACH ENTITY; AND DECLARING AN EMERGENCY.
WHEREAS, by Ordinance No. 13828, passed and approved by the City
Council on July 13, 1977, authorization was granted the City Manager to
enter into an Escrow Agreement with the Corpus Christi National Bank, the
City's depository bank, to permit investment of funds for the Nueces River
Project (Choke Canyon Reservoir); and
WHEREAS, a determination has been made that the aforesaid contract
should be amended, and the parties thereto are agreeable to such amendment:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the Choke Canyon Dam Escrow Fund contract, authorized
by Ordinance No. 13828, be and the same is hereby amended, subject to written
approval by the Bureau of Reclamation, by deleting the paragraph on page 2
of said contract which reads as follows:
"This Agreement shall remain in effect until terminated in writing
by the Bureau, and upon such termination, the funds in the Choke Canyon Escrow
Fund, shall be paid to the City."
In lieu thereof, the following provisions shall be substituted:
"This Agreement shall remain in effect until terminated in writing
by the Bureau, and upon such termination, the remaining funds in the Choke
Canyon Escrow Fund, which were provided by the City or by the Nueces River
Authority shall be paid to the City and/or the Nueces River Authority in
the same proportion as each entity's total contribution to the Choke Canyon
Escrow Fund."
SECTION 2. The necessity to amend the Choke Canyon Dam Escrow
Fund contract as aforesaid at the earliest practicable date 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 but that such ordinance or resolution shall be read
at three several meetings of the City Council, and the Mayor having declared
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MICROFILMED
`1111 11 Q Ingo
•
such emergency and necessity to exist, 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 t day of June, 1979.
ATTEST:
4d1
ecre ai ry --4%`I
APP VED:
DAY OF JUNE, 1979:
J. BRUCE AYCOCK, CITY ATTORNEY
By
Assistant Cit Forney
OR
T ITY OF CORPUS CHRISTI, TEXAS
•
AMENDED AGREEMENT
THE STATE OF TEXAS G
COUNTY OF NUECES
WHEREAS, by authority of Ordinance No. 13828, passed and approved
by the City Council on July 13, 1977, the City Manager entered into an Escrow
Agreement, for and on behalf of the City of Corpus Christi, with the Corpus
Christi National Bank, the City's depository bank, to permit investment of
funds for the Nueces River Project (Choke Canyon Reservoir); and
WHEREAS, a determination has been made that the aforesaid contract
should be amended, and the parties thereto are agreeable to such amendment:
1. The paragraph on page 2 of the aforesaid agreement, which
reads as follows:
"This Agreement shall remain in effect until terminated in writing
by the Bureau, and upon such termination, the funds in the Choke Canyon
Escrow Fund, shall be paid to the City.",
be deleted and in lieu thereof, the following provisions be provided:
"This Agreement shall remain in effect until terminated in
writing by the Bureau, and upon such termination, the remaining funds in
the Choke Canyon Escrow Fund, which were provided by the City or by the Nueces
River Authority shall be paid to the City and/or the Nueces River Authority
in the same proportion as each entity's total contribution to the Choke
Canyon Escrow Fund."
2. Except as hereinabove provided, the terms,conditions and
provisions of the Agreement authorized by Ordinance No. 13828 shall be and
remain in full force and effect.
EXECUTED IN DUPLICATE this the day of , 1979.
CITY OF CORPUS CHRISTI
By
ATTEST:
City Secretary
APPROVED: DAY OF JUNE, 1979:
J. BRUCE AYCOCK, CITY ATTORNEY
By
Assistant City Attorney
ATTEST:
R. Marvin Townsend, City Manager
Secretary
ector offinance V
CORPUS CHRISTI NATIONAL BANK
By
Authorized Officer
Corpus Christi, T as
day of , 19 97
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 suspension 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 ordinance finally on the date it
is introduced, or at the present meeting of the City Council.
Respectfully,
MAY0;/42
THE CI OF CORPUS CHRISTI, TEXAS
The Charter rule was suspended by the following vote:
Luther Jones
Edward L. Sample
Dr. Jack Best
David Diaz
Jack K. Dumphy
Betty N. Turner
Cliff Zarsky
The above ordinance was passe' by the following vote:
Luther Jones
Edward L. Sample 4
Dr. Jack Best
David Diaz 1'
Jack K. Dumphy 1,
Betty N. Turner
Cliff Zarsky
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