HomeMy WebLinkAbout029861 ORD - 06/11/2013Ordinance authorizing the City Manager to execute a developer
participation agreement with Alty Enterprises, Inc. ( "Developer "), to
reimburse the Developer up to $86,559.82 for the City's share of the
cost to expand and extend Sydney Street.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. The City Manager, or his designee, is authorized to execute a
developer participation agreement with Alty Enterprises, Inc. ( "Developer "), to
reimburse the Developer up to $86,559.82 for the City's share of the actual cost to
expand and extend Sydney Street, which street abuts the proposed extension of
Greystone Park, in connection with the development of Greystone Subdivision Unit
4, Corpus Christi, Nueces County, Texas.
The foregoin -ordinance was read for the first time and passed to its second reading on
`` day of , 2013, by the following vote:
this the
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
The foreg i q ®rdinance w s read for the second time and passed finally on
this the 1 1 day of , 2013, by the following vote:
t.'r
al
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
PASSED AND APPROVED this the day of , 2013.
CITY O CORPUS CHRISTI
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
ATTEST:
Armando Chapa
City Secretary
Nelda Martinez
Mayor
029861
INDEXED
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: June 11, 2013
Agenda Item: Ordinance authorizing the City Manager to execute a developer participation agreement
with Alty Enterprises, Inc. ( "Developer "), to reimburse the Developer up to $86,559.82 for the City's
share of the cost to expand and extend Sydney Street.
Amount Required:
$ 86, 559.82
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
Bond 2012 Fund
550910
3701
00000
E13045
$86,559.82
Total
$86,559.82
❑ Certification Not Required
,--c -- Jam• �_,
Director of Financial Services
Date: _ Z J — 3