HomeMy WebLinkAbout033581 ORD - 02/11/2025One Reading Ordinance approving an agreement between the City of
Corpus Christi and the Corpus Christi B Corporation - Type B in the
amount of $2,380,000.00 for funding of arterial and collector streets within
the City; approving a 380 Agreement in the amount of $2,380,000.00 with
LiftFund Inc to grant a total of $2,000,000.00 to small businesses for
revenue losses up to $50,000.00 due to stage 3 water restrictions; and
amending the FY 2025 Operating Budget to transfer $2,380,000.00 from
Street Fund to General Fund and appropriating for said 380 Agreement
WHEREAS, pursuant to Texas Local Government Code § 380.002, a home -rule
municipality with a population of more than 100,000 may create programs for the grant
of public money to any organization exempt from taxation under Section 501(a) of the
Internal Revenue Code of 1986 as an organization described in Section 501(c)(3) of
that code for the public purposes of development and diversification of the economy of
the state, elimination of unemployment or underemployment in the state, and
development or expansion of commerce in the state;
WHEREAS, LiftFund is a nonprofit 501(c)(3) organization whose principal
mission is to provide capital to small business owners lacking access to
commercial credit;
WHEREAS, on December 16, 2024, the City Manager announced that
Stage 3 water restrictions are in effect;
WHEREAS, on January 22, 2025, the Governor of Texas renewed a
disaster proclamation for Nueces County based on the existence of serious
drought conditions that pose an imminent threat of widespread or severe damage,
injury, or loss of life or property, and pursuant to § 418.017 of the Texas
Government Code, Governor Abbott authorized the use of all available resources
of state government and of political subdivisions that are reasonably necessary to
cope with this disaster;
WHEREAS, LiftFund anticipates administering grants on behalf of the City to aid
small business owners located within the city limits of Corpus Christi and affected by
the declared disaster, with the anticipation of generating or retaining jobs;
WHEREAS, the City has concluded and hereby finds that this Agreement
promotes economic development in the City of Corpus Christi and, as such, meets the
requirements under Chapter 380 and the City's established economic development
program, and, further, is in the best interests of the City;
WHEREAS, the City recognizes the positive economic impact that the Project will
bring to the City through the elimination of unemployment or underemployment in the
state; and
WHEREAS, to ensure that the benefits the City provides under this Agreement
are utilized in a manner consistent with Article III, Section 52-a of the Texas
SCANNED
Constitution, Chapter 380 of the Texas Local Government Code and other law, the
Nonprofit has agreed to comply with specific conditions to the payment of those
benefits.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS, THAT:
SECTION 1. The City Council specifically finds that the foregoing statements included in the
preamble of this ordinance are true and correct and adopts such findings for all intents and
purposes related to the authorization of this project.
SECTION 2. The FY 2025 Operating Budget adopted by Ordinance No. 033451 is amended to
transfer $2,380,000.00 from the Street Maintenance Fund 1041 to the General Fund 1020 and
appropriating the same for a 380 Agreement with LiftFund Inc for job retention grant program for
small businesses with revenue losses due to Stage 3 Water Restrictions.
SECTION 3. The City Manager or designee is authorized to execute an agreement with the
Corpus Christi B Corporation in the amount of $2,380,000.00 for Street Preventative
Maintenance Program repairs to specified arterial and collector streets within the City.
SECTION 4. The City Manager or designee is authorized to execute a 380 Agreement with
LiftFund Inc in the amount of $2,380,000.00 to grant a total of $2,000,000.00 to small
businesses for revenue losses due to Stage 3 Water Restrictions to retain employees with
payments to small businesses up to $50,000.00.
SECTION 5. This section constitutes a written request by the mayor or majority of the members
of the Council for this ordinance to be passed finally on the date of introduction due to
emergency. 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
City Charter rule that requires consideration of and voting upon ordinances at two regular
meetings so that this ordinance is passed and takes effect upon first reading as an emergency
measure. i
1' da ok \) 2025.
P d APPROVED on the y ,
ATTEST:
I
Paulette Guajardo, Mayor
CtSec
retary
Huerta, y
033 581
2
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: February 11, 2025 Legistar Number: 25-0193
Agenda Item:
Ordinance approving an agreement between the City of Corpus Christi and the Corpus Christi
B Corporation - Type B in the amount of $2,380,000.00 for funding of arterial and collector streets
within the City; approving a 380 Agreement in the amount of $2,380,000.00 with LiftFund Inc to
grant a total of $2,000,000.00 to small businesses for revenue losses up to $50,000.00 due to
stage 3 water restrictions; and amending the FY 2025 Operating Budget to transfer
$2,380,000.00 from Street Fund to General Fund and appropriating for said 380 Agreement
Amount Required: $2,380,000.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
1146 B
Corporation
1146-60010-57-
548520
548520
60010
$2,380,000.00
Total
$2,380,000.00
❑s Certification Not Required
Director of Financial Services
Date: J - l 0 2.2