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HomeMy WebLinkAbout031183 ORD - 07/18/2017 Page 1 of 2 ORDINANCE AUTHORIZING THE CITY MANAGER OR DESIGNEE TO TRANSFER AND APPROPRIATE $1,010,826 FROM NO. 1120 SEAWALL IMPROVEMENT FUND INTO THE NO. 3271 SEAWALL CAPITAL FUND; CHANGING THE FY 2017 OPERATING BUDGET AND FY 2017 CAPITAL BUDGET TO INCREASE REVENUES AND EXPENDITURES BY $1,010,826 EACH. BE IT WHEREAS, the Bayshore Park Improvement Project (Bond 2008) was approved by voters in November 2008; WHEREAS, a Design-Build contract was awarded to Fulton Coastcon in 2016 with a defined conceptual scope to be refined with stakeholder input and constructed within a set budget; WHEREAS, the contract scope did not include improvements to the parking lot at the old Memorial Coliseum site; WHEREAS, on February 20, 2017, the Corpus Christi Business and Job Development Corporation approved the appropriation of Type A funds in the amount of $424,500 for improvements to the parking lot at the old Memorial Coliseum site to enhance continuity with the Seawall and create additional programmable event space. The parking lot improvements will be performed under the City's IDIQ contract for minor street work; WHEREAS, on May 15, 2017, the Corpus Christi Business and Job Development Board approved the appropriation of Type A funds in the amount of $86,326 for construction of the Marina Breakwater Pier Improvements. The $86,326 will be added to the approved 2017 Capital Improvement Budget of$500,000 in Type A funds for the improvements; WHEREAS, the City's financial management process requires funds to be appropriated and transferred from a City of Corpus Christi operational account to and appropriated into a capital expenditure account prior to expenditures of Type A Board monies. ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. An amount of $424,500 from the No. 1120 Seawall Improvement Fund is transferred to and appropriated into the No. 3271 Seawall Capital Fund Project E17045 for the Water's Edge Park Parking Lot project; SECTION 2. An amount of $586,326 from the No 1120 Seawall Improvement Fund is transferred to and appropriated into the No 3271 Seawall Capital Fund Project E16318 for the Marina Breakwater at McGee Beach project. SECTION 3. The FY 2017 Operational Budget adopted by Ordinance No. 030965 is changed to increase expenditure in the amount of$1,010,826. SECTION 4. The FY 2017 Capital Improvement Budget adopted by Ordinance No. 030936 is changed to increase revenues and expenditure in the amount of $1,010,826. ATTEST: THE CITY OF CORPUS CHRISTI -(//(/'-. +-I-L(04A Vel Rebecca Huerta oe McComb City Secretary 1 Mayor 031183 INDEXED Page 2 of 2 That the fore oN ordinanc- wa- ead for the first time and passed to its second reading on this the t 11 —day of 4, , 2017, by the following vote: Joe McComb 1 Alf ' Ben Molina t-�.�(. Rudy Garza OA,r Lucy Rubio l k 1 i9, I Paulette Guajardo Greg Smithjlit_L .� -� Michael Hunter Carolyn Vaughn V 0 Debbie Lindsey-Opel --4-- Thrt h foregoing rdin nce was read for the second time and passed finally on this the ay of , 2017, by the following vote: Joe McComb al, i Ben MolinaAL___ Rudy Garza I f Lucy Rubio ___IZJL_ Paulette Guajardo ii,1 Greg Smith Michael Hunter Id Carolyn Vaughn -1(1(.) Debbie Lindsey-Opel Li A PASSED AND APPROVED on this the Ieay of .[ . .�/. , 2017. ATTEST: THE CI •F CO,'US CHRISTI We_ 6,e,e-cL I kzkevi—k tetk uci9--.-,---6------ Rebecca Huerta Joe McComb City Secretary Mayor 031183 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: July 1,1r, 2017 Legistar Number: 17-0769 Agenda Item: Ordinance authorizing the City Manager or designee to appropriate and transfer and appropriate $1,010,826 from No. 1120 Seawall Improvement Fund into the No. 3271 Seawall Capital Fund; changing the FY 2017 Operating Budget by increasing expenditures and changing the FY 2017 Capital Budget by increasing revenues and expenditures by $1,010,826 each. Amount Required: $ 1,010,826 Fund Name Accounting Unit AcNoount Activity No. Amount 1120 Seawall Improvement 1120-13824-717 530000 (1,010,826) Fund 3271 Seawall Capital 3271-717 550910 E17045-01-3271-EXP 424,500 3271 Seawall Capital 3271-717 550910 E16318-01-3271-EXP 586,326 Total 1,010,826 Certification Not Required '_- Director of Financial Services Date: JUL 1 0 2017