HomeMy WebLinkAbout15036 RES - 08/01/1979jkh:7-31-79;lst
A RESOLUTION
a
AUTHORIZING THE DEPOSIT OF INTEREST EARNED ON BOND
CONSTRUCTION FUNDS TO THE CREDIT OF EACH BOND CONSTRUC-
TION FUND; AND DECLARING AN EMERGENCY.
WHEREAS, the cost of constructing public buildings and facilities
financed from approved bond programs has increased since the voters approved
these bond programs; and
WHEREAS, the completion of various public buildings and facilities
as originally planned may not be possible within available funds; and
WHEREAS, it is in the public interest to complete said public
buildings and facilities without increasing taxes:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS;
SECTION 1. That all interest earned on voter approved bond
construction funds be deposited in each bond construction fund in which
the interest is earned for the purpose of increasing the funds available
for each project.
SECTION 2. The necessity to authorize deposit of interest earned
on bond construction funds to the credit of each bond construction fund 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 intro-
duction but that such ordinance or resolutiob shall be read at three
several meetings of the City Council, and the Mayor having declared that
such emergency and necessity exist, having requested the suspension of
the Charter rule and that this resolution 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 RESOLVED, this the / day
of August, 1979.
ATTEST:
C ty Secretary
APPROVED:
31st DAY OF JULY, 1979:
J. BRUCE AYCOCK, CITY ATTORNEY
THE CITY
15036
OF CORPUS CHRISTI, TEXAS
SS1
WCRDFILNIED
Corpus Christi, Texas
/Fday of
91,2_
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,
l
MAYOR
THE CITY OF CORPUS CHRISTI,
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 1
Dr. Jack Best 11,2
David Diaz
Jack K. Dumphy
Betty N. Turner 1
Cliff Zarsky
154336
TEXAS