The URL can be used to link to this page

Home My WebLink About028569 ORD - 04/20/2010Page 1 of 2 ORDINANCE APPROPRIATING $1,213,197.11 IN AIRPORT CAPITAL IMPROVEMENT PROGRAM (CIP) INTEREST EARNINGS, SETTLEMENT PROCEEDS, AND MISCELLANEOUS AIRPORT REVENUES IN THE FUNDS AS LISTED IN ATTACHMENT 1, SECTION 1 FOR THE CITY'S MATCH FOR FUTURE FAA GRANT PROJECTS, LAND ACQUISITION FOR FUTURE AIRPORT PROJECTS AND PAYMENT OF DEBT SERVICE; CHANGING THE FY 2009-2010 CAPITAL IMPROVEMENT BUDGET ADOPTED BY ORDINANCE NO. 028449 TO INCREASE EXPENDITURES BY $1,213,197.11; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That $1,213,197.11 in Airport Capital Improvement Program (CIP) interest earnings, settlement proceeds, and miscellaneous airport revenues in the funds as listed in Attachment 1, Section 1 is appropriated for the City's match for future FAA grant projects, land acquisition for future airport projects and payment of debt service. SECTION 2. That the FY 2009-2010 capital improvement budget adopted by Ordinance 028449 is changed to increase expenditures by $1,213,197.11. SECTION 3. That upon written request of the Mayor or five Council members, copy attached, the City Council finds and declares an emergency due to the need for immediate action necessary for the efficient and effective administration of City affairs and suspends the Charter rule that requires consideration of and voting upon ordinances at two regular meetings so that this ordinan is passed and takes effect upon first reading as an emergency measure this thay of April, 2010. ATTEST: Armando Chapa City Secretary APPROVED as to form April 12, 2010 By: Lisa Ag AssistanCity Attorney For the City Attorney CITY OF CORPUS CHRISTI d -441.4e_ Joe Adam Mayor 028569 H:\LEG-DIR\Lisa\2010 Ordinance\ORD-appropAirportCIPV2.doc INDEXED Page 2 of 2 Corpus Christi, Texas „,t, 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 me Mayor Council Members The above ordinance was passed by the following vote: Joe Adame Chris N. Adler �. Brent Chesney A - b Larry R. Elizondo, Sr. A±t— Kevin Kieschnick Priscilla Leal —7/9t-1 John E. Marez Nelda Martinez Mark Scott 028569 H:\LEG-DIR\Jeannie\Lisa\Ordinances-Resolutions\ORD-appropAirportCIP.doc ATTACHMENT ONE Unappropriated Proceeds as of February 28, 2010 SECTION Fund # 1: AIRPORT Description Unappropriated Interest/Other Required Uses 3020A Airport CIP Fund Capital Reserve 75,511.66 City Match for FAA Grant Projects 3020B Airport CIP Fund - Other 771,677.51 Land Acquisition for future FAA projects 3024 Airport 2000A Revenue Bond 46,532.86 City Match for FAA Grant Projects 3025 Airport 2000B Revenue Bond 9,163.12 City Match for FAA Grant Projects 4621 Airport Passenger Facility Charge Fund 310,311.96 Debt Service AIRPORT CIP UNAPPROPRIATED TOTAL: 1,213,197.11 SECTION 2: BOND PROCEEDS GENERAL OBLIGATION (GO) / CERTIFICATES OF OBLIGATION (CO) / TAX ANTICIPATION NOTES (TN) Fund # Description Unappropriated Interest/Other Requirement / Staff Recommendation 3124 Bayfront 2007 GO (Bond Issue 2004) 318,494.51 Approved Bond Projects Not Complete 3125 Bayfront 2008 TN 62,048.05 Approved Bond Projects Not Complete 3126 Bayfront 2009 GO (Bond Issue 2008) 30,188.08 Approved Bond Projects Not Complete 3127 Bayfront 2009 CO (Bond Issue 2004) 9,984.44 Approved Bond Projects Not Complete BAYFRONT UNAPPROPRIATED TOTAL: 420,715.08 3363 Public H & S 2007 GO (Bond Issue 2004) 39,277.75 * All Projects Complete - Funds Available 3371 Health Dept 2009 GO (Bond Issue 2008) 1,723.71 Approved Bond Projects Not Complete 3191 Fire 2009 GO (Bond Issue 2008) 12,937.21 Approved Bond Projects Not Complete 3341 Police 2009 GO (Bond Issue 2008) 6,898.65 Approved Bond Projects Not Complete 3361 Landfill 2005 Certification of Obligation 903.72 All Projects Complete - Funds Available 3362 Landfill 2006 Certification of Obligation 99,837.59 Approved Bond Projects Not Complete 3365 Landfill 2008 Certification of Obligation 35,248.65 Approved Bond Projects Not Complete PUBLIC H & S UNAPPROPRIATED TOTAL: 196,827.28 3224 Library 2005 GO (Bond Issue 2004) 717.60 All Projects Complete - Funds Available 3225 Library 2007 GO (Bond Issue 2004) 15,623.60 All Projects Complete - Funds Available 3226 Library 2009 GO (Bond Issue 2008) 3,112.41 Approved Bond Projects Not Complete LIBRARY UNAPPROPRIATED TOTAL: 19,453.61 3263 Museum 2009 GO (Bond Issue 2008) 2,769.51 Approved Bond Projects Not Complete 3289 Park 2005 GO (Bond Issue 2004) 66,507.98 Approved Bond Projects Not Complete 3290 Park 2008 TN 137,188.83 Approved Bond Projects Not Complete 3291 Park 2009 GO (Bond Issue 2008) 15,293.30 Approved Bond Projects Not Complete PARKS UNAPPROPRIATED TOTAL: 218,990.11 3541 Street 2005 GO (Bond Issue 2004) 220,216.26 Approved Bond Projects Not Complete 3544 Street 2007 GO (Bond Issue 2004) 365,745.78 Approved Bond Projects Not Complete 3545 Street 2008 TN 111,644.60 Approved Bond Projects Not Complete 3546 Street 2009 GO (Bond Issue 2008) 154,101.27 Approved Bond Projects Not Complete • 3547 Street 2009 CO (Holly Road Overlay) 4,094.44 Approved Bond Projects Not Complete STREETS UNAPPROPRIATED TOTAL: 855,802.35 BOND PROCEEDS UNAPPROPRIATED TOTAL: 1,714,557.94 * Engineering Services is recommending the addition of Fire Station No. 12 Driveway Repair Project Paae 1 of 3 SECTION 3: REVENUE BONDS Fund # Description 3492 Storm Water 2006 Revenue Bond 4525 Storm Water 2009 Revenue Bond 4526 Storm Water 2009 Revenue Bond (Bond Issue 2008) STORM WATER CIP UNAPPROPRIATED TOTAL: Unappropriated Interest/Other 4,007.15 1,489.03 19,174.22 Requirement / Staff Recommendation Available for Current Year CIP Available for Current Year CIP Approved Bond Projects Not Complete 24,670.40 4150 Gas 2006 Revenue Bond 4551 Gas 2009 Revenue Bond (Bond Issue 2008) GAS CIP UNAPPROPRIATED TOTAL: 338.32 308.37 Available for Current Year CIP Approved Bond Projects Not Complete 646.69 4080 Water CIP Fund 4090 Water 2006 Revenue Bond 4475 Water 2009 Revenue Bond 4476 Water 2009 Revenue Bond (Bond Issue 2008) WATER CIP UNAPPROPRIATED TOTAL: 3430 4250 4500 4501 1,476.19 9,845.34 519.36 8,560.51 Wastewater CIP Fund Wastewater 2006 Revenue Bond Wastewater 2009 Revenue Bond Wastewater 2009 Revenue Bond (Bond Issue 2008) WASTEWATER CIP UNAPPROPRIATED TOTAL: 20,401.40 2,869,172.22 15,422.04 884.92 6,525.71 2,892,004.89 Available for Current Year CIP Available for Current Year CIP Available for Current Year CIP Approved Bond Projects Not Complete Available for Current Year CIP Available for Current Year CIP Available for Current Year CIP Approved Bond Projects Not Complete REVENUE BONDS CIP UNAPPROPRIATED TOTAL: 2,937,723.38 SECTION 4: SPECIALITY BOND PROCEEDS TEXAS MILITARY LOAN (TML) / TAX INCREMENT FINANCING (TIF) SALES TAX SUPPORTED BONDS / GENERIC CAPITAL IMPROVEMENT PROGRAM FUNDS (CIP) Fund # 3489 Description Unappropriated Interest/Other Storm Water 2007 TML (North Port) 4086 Water 2007 TML (North Port) 4246 Wastewater 2007 TML (North Port) 3542 Street 2007 TML (North Port) 3543 Street 2007 TML (NAS AICUZ) 17,451.19 1,084.69 2,968.26 Requirement / Staff Recommendation Approved Bond Project Not Complete Approved Bond Project Not Complete TML UNAPPROPRIATED TOTAL: 3270 3275 24,273.95 19, 535.72 65,313.81 Approved Bond Project Not Complete Approved Bond Project Not Complete Restricted Fund for Military Projects Seawall Bond Fund Arena Bond Fund SALES TAX BOND UNAPPROPRIATED TOTAL: 195, 031.09 2,637.28 Administered by Type A Board Administered by Type A Board 197,668.37 3277 Packery Channel TIF Fund 9,960.86 Approved TIF Project Not Complete 3160 City Hall CIP Fund 3210 Library CIP Fund 457.09 Available for Current Year CIP 540.15 3280 3350 3600 Park CIP Fund Public Health & Safety CIP Gas CIP Fund 2,867.53 1,000.00 Available for Current Year CIP Available for Current Year CIP Available for Current Year CIP 953.27 Available for Current Year CIP GENERIC CIP FUND UNAPPROPRIATED TOTAL: 5,818.04 SPECIALITY BOND UNAPPROPRIATED TOTAL: 278,761.08 ATTACHMENT 1 Pane 2 of 3 SECTION 5: OLDER BOND FUNDS (ISSUED PRIOR TO 2005) Fund # 3121 3357 3359 3411 B 3537 4084 4085 4242 Description Bayfront 1994B CO Public Health & Safety 1995 GO Public H&S 2004 CO (Landfill) Street 2000 CO Street 1995 CO Water 2002 Revenue Bond Water 2004 Revenue Bond Wastewater 1995 State Revolving Fund OLDER BOND FUNDS UPAPPROPRIATED TOTAL: SECTION 6: OTHER UNAPPROPRIATED FUNDS Fund # Description Unappropriated Interest/Other 1,674.18 34,097.15 13,786.91 1,502.12 8,891.42 207.64 150.29 2,099.34 62,409.05 Street Assessments Street Closures OTHER UNAPPROPRIATED FUNDS TOTAL: Unappropriated Interest/Other Requirement / Staff Recommendation Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Older Fund Recommend Closing Requirement / Staff Recommendation 430, 054.45 291, 542.64 721,597.09 Approved Assessment Projects Approved Assessment Projects ATTACHMENT 1 Paae 3 of 3 CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) I, the Director of Finance of the City of Corpus Christi, Texas (or his/her duly authorized representative), hereby certify to the City Council and other appropriate officer that the money required for 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. City Council Action Date: April 20, 2010 A. Ordinance appropriating $1,213,197.11 in AIRPORT CIP interest earnings, settlement proceeds, and miscellaneous airport revenues in the funds as listed in Attachment 1, Section 1 for the City's match for future FAA Grant Projects, land acquisition for future airport projects and payment of debt service; Changing the FY 2009-2010 Capital Improvement Budget adopted by Ordinance No. 028449 to increase expenditures by $1,213,197.11; and declaring an emergency. Amount Required: $1,213,197.11 Fund Name Fund No. Org. No. Account No. Project No. Amount Various See: Attachment A Section 1 00000 251850 $1,213,197.11 Total $1,213,197.11 Certification Not Required Print On Green Paper] L:\BUD-DIR\LYNDA\Agenda ItemsWar 09 - Fund approp\Cover.DOC Director of Financial Services Date: 44— i