HomeMy WebLinkAbout031943 ORD - 12/10/2019 Ordinance appropriating additional funds in the amount of$2,884,815.66
from the Reinvestment Zone No. 2 Fund 1111 for construction of the Park
Road 22 Bridge; transferring funds in the amount of$6,884,815.66 from the
Reinvestment Zone No. 2 Fund 1111 to the Capital Improvement Program
Fund for the project; and amending the operating and capital budgets.
WHEREAS, the City desires to move forward with the construction of a bridge
project on Park Road 22 (the "Bridge Project");
WHEREAS, the City has previously committed $11,696,319.50 to the Bridge
Project, which includes $4,000,000 in TIRZ#2 funding;
WHEREAS, the lowest bid for the Bridge Project came in at $13,943,536, which,
along with additional costs associated with the Bridge Project, necessitates the
appropriation of additional funding; and
WHEREAS, the agreement between the City and the developers of a third-party
canal project in the vicinity of the Bridge Project requires that the City appropriate the
funds and provide a certificate of available funds to the developers before construction of
the canal will begin.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That funds in the amount of $2,884,815.66 are appropriated from the TIRZ
#2 fund 1111 for use on the Bridge Project.
SECTION 2. That funds in the amount of$6,884,815.66 are transferred from the TIRZ#2
fund 1111 to the CIP fund 3278 for the Bridge Project.
SECTION 3. The FY2019-20 Operating Budget and Capital Budget adopted by Ordinance
No. 031870 are amended to increase expenditures by $2,884,815.66.
That the foregoing ordi ance was r for the first time and passed to its second
reading on this thef l -day of , 2019, by the following vote:
Joe McComb k'2.- Michael Hunter /LvJ€-
Roland Barrera /47 Sz Ben Molina , Z.-
Rudy Garza dyc Everett Royce
Paulette M. Guajardo Are- Greg Smith f
Gil Hernandez //-17-e-
031943 Page 1 of2
SCANNED
That the foregoing ordinance was read for the second time and passed finally on this
the /C1/— day of P?cera he,-- , 2019, by the following vote:
Joe McComb /it Michael Hunter 471
Roland Barrera 1 � Ben Molina
Rudy Garza /4 �' Everett Roy /47
Paulette M. Guajardo ``7Y S Greg Smith l
Gil Hernandez St
PASSED AND APPROVED on this the llT day of De( s-Pt ✓ 2019.
ATTEST:
14-1424;
e ecca Huerta Jo- i Comb
City Secretary M.yo'
Page 2 of 2
031943
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: December 10, 2019 Legistar Number: 19-1609
Agenda Item:
Ordinance appropriating additional funds in the amount of $2,884,815.66
from the Reinvestment Zone No. 2 Fund 1111 for construction of the Park
Road 22 Bridge; transferring funds in the amount of $6,884,815.66 from the
Reinvestment Zone No. 2 Fund 1111 to the Capital Improvement Program
Fund for the project; and amending the operating and capital budgets.
Amount Required: (Amount to be Certified) $ $2,884,815.66
Fund Name Accounting Unit Account No. Activity No. Amount
1111-Reinvestment 1111 251850 $2,884,815.66
Zone Number Two
Total $2,884,815.66
❑ Certification Not Required
y- 44) v -
Director of Firanc I ervices
Date: pita iwicr