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HomeMy WebLinkAbout023162 RES - 12/09/1997RESOLUTION EXPRESSING THE INTENT TO REIMBURSE THE COMBINED UTILITY SYSTEMS FUND FOR COSTS OF CERTAIN WASTEWATER SYSTEM IMPROVEMENTS TO BE MADE AS PART OF THE SANITARY SEWER INSTALLATION IN DEVELOPED AREAS: RIDGEWOOD STREET SANITARY SEWER IMPROVEMENTS. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: To ensure that improvements to be made as part of the Sanitary Sewer Installation in Developed Areas: Ridgewood Street Sanitary Sewer Improvements are made promptly, interim funding for this project will come from the FY 97-98 Combined Utility Systems Fund. It is intended that the Combined Utility Systems Fund will be reimbursed from the proposed Tax -Exempt Commercial Paper Program. In turn, the Tax -Exempt Commercial Paper Program will be reimbursed with utility system revenue bond funds. ATTEST: City Secretary MAYOR „se THE CITY OF CORPU CHRISTI APPROVED: 3 DAY OF --b-CC-11443k( , 1997 JAMES R. BRAY, JR., CITY ATTORNEY By: Alison Callawa Assistant City Attorney AG/97/5000_373.vr 1)23162 %ICk(JFILMED Corpus Christi, Texas fit h day of J)P ('fin b(h.•) The above resolution was passed by the following vote: Loyd Neal Jaime Capelo Melody Cooper Alex L. Garcia, Jr. Arnold Gonzales Betty Jean Longoria John Longoria Edward A. Martin Dr. David McNichols AG/97/5000.373 yr 2 023162