HomeMy WebLinkAbout028542 ORD - 04/13/2010Page 1 of 3
ORDINANCE
APPROPRIATING $575,000 FROM THE PROCEEDS OF A LOAN
FROM THE CORPUS CHRISTI HOUSING FINANCE CORPORATION IN
THE NO. 1020 GENERAL FUND IN CONNECTION WITH FINANCING
THE ACQUISITION AND RENOVATION OF THE PARKING LOT
LOCATED ADJACENT TO THE WARD BUILDING AT THE CORNER
OF CHAPARRAL AND SCHATZEL STREETS; CHANGING THE FY
2009-2010 OPERATING BUDGET, ADOPTED BY ORDINANCE NO.
028252 BY INCREASING EXPENDITURES BY $575,000; AND
DECLARING AN EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That $575,000 from the proceeds of a loan from the Corpus Christi
Housing Finance Corporation in the No. 1020 General Fund is appropriated in
connection with financing the acquisition and renovation of the parking lot located
adjacent to the Ward Building at the corner of Chaparral and Schatzel Streets.
SECTION 2. That Ordinance No. 028252, which adopted the FY 2009-2010 Operating
Fund, is changed to increase expenditures in the Fund 1020 General Fund by $575,000
in connection with financing the acquisition and renovation of the parking lot located
adjacent to the Ward Building at the corner of Chaparral and Schatzel Streets.
SECTION 3.—That upon written request of the Mayor or five Council members, copy
attached, the City Council (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is pssed and takes effect
upon first eadin ; as an emergency measure on this the /3—day of
-'/ ,2010.
ATTEST:
Armando Chapa
City Secretary
Ward Parking Approp Ord 04062010a
CITY OF CORPUS CHRISTI
Jo ,/,"/"‘7-dei0.A1-26
dame
Mayor
028542
INDEXED
Page 2 of 3
APPROVED: April 6, 2010
R. JRei g
First As ' tant City Attorney
For City Attorney
Ward Parking Approp Ord 04062010a
Page 3of3
Corpus Christi, Texas
/3 day of
, 2010
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance an
emergency exists requiring suspension of the Charter rule as to consideration and
voting upon ordinances at two regular meetings: I/we, therefore, request that you
suspend said Charter rule and pass this ordinance finally on the date it is introduced, or
at the present meeting of the City Council.
Respectfully, Respectfully,
Joe A ame
Mayor
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
Ward Parking Approp Ord 04062010a
028542
ashviiit
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate officers that
the money required for the current fiscal year's portion of the contract, agreement, obligation
or expenditure described below is in the Treasury to the credit of the Fund specified below, from
which it is to be drawn, and has not been appropriated for any other purpose. Future payments
are subject to annual appropriation by the City Council.
City Council Action Date April 13, 2010
AGENDA ITEM:
Ordinance appropriating $575,000 from the proceeds of a loan from the Corpus Christi Housing
Finance Corporation in the No. 1020 General Fund in connection with financing the acquisition
and renovation of the parking lot located adjacent to the Ward Building at the corner of
Chaparral and Schatzel Streets; changing the FY 2009-2010 Operating Budget, adopted by
Ordinance No. 028252 by increasing expenditures by $575,000; and declaring an emergency.
Amount Required: $ 575,000
Fund Name
Fund
No.
Org.
No.
Account
No.
Project
No.
Amount
General Fund
1020
14715
550030
-
$416,158.68
General Fund
1020
14715
550005
-
158,841.32
TOTAL
$575,000.00
Certification Not Required
Director of Financial Services
Date: '{- -/c