Loading...
HomeMy WebLinkAbout033639 ORD - 04/29/2025Ordinance authorizing the execution of an Advance Funding Agreement with the Texas Department of Transportation (TXDOT) for a TASA Program Project, Holly Road Train Trestle to Tourism Trail for construction in the amount of $13,577,158; authorizing the acceptance and appropriation of $11,797,839 from the TXDOT Transportation Alternatives Set -Aside (TASA) Program; appropriating $1,300,000 in estimated ARPA interest income; and amending the Operating and Capital Budgets, located in Council District 4; with FY 2025 funds available from the Parks Grant Fund WHEREAS, the City, via Ordinance No. 033542 previously allocated ARPA funding to various projects and now desires to modify allocations to include a new allocation in order to better align APRA funds with the City's immediate needs; and WHEREAS, an amendment to Ordinance No. 033542 is necessary in order to reallocate a portion of the ARPA funding through a transfer of interest income; and amend the FY 2025 Operating Budget and Capital Budget. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. Ordinance No. 033542 is amended to reallocate $1,300,000 from the American Rescue Plan Act interest income, which is appropriated into the Parks Grant Fund. SECTION 2. The FY 2024-2025 Operating Budget, adopted by Ordinance 033451, is amended to increase expenditures by $1,300.000. SECTION 3. $11,797,839 of anticipated revenue from the Texas Department of Transportation Set -Aside Program is appropriated into the Parks Grant Fund. SECTION 4. The Corpus Christi FY2024-2025 Capital Budget adopted by Ordinance No. 032856 is amended to increase revenues and expenditures by $13,097,839. SECTION 5. The City Manager or designee (Director of Engineering Services) is authorized to execute the Advanced Funding Agreement for the Holly Road Train Trestle To Tourism Trail Project with the Texas Department of Transportation (TXDOT). SECTION 6. The City Manager or designee is authorized to execute all related documents necessary to administer said AFA, including minor amendments thereto. Introduced and voted on the f "day of r\rN PASSED and APPROVED on the t.y.�Thday of AVQN, 2025. , 2025 033639 SCANNED CORPUS CHRISTI lette uajardo Mayor ATTEST: Rebbcca Huerta City Secretary 033639 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: April 2025 Agenda Item: Legistar Number: 25-0178 Ordinance approving and authorizing an Advance Funding Agreement between the City of Corpus Christi and the Texas Department of Transportation for the Holly Road Train Trestle to Tourism Trail Project and appropriating $11,797,839 from the Texas Department of Transportation, Transportation Alternatives Set -Aside (TASA) Program under the 2023 Call for Projects and appropriating $1,300,000 of interest income from the American Rescue Plan Act (ARPA) Fund and amending the Parks & Recreation Grant Fund, FY 2025 Capital Budget, and FY 2025 Operating Budget. Amount Required: $13,097,839.00 Fund Name Accounting Unit Account No. Activity No. Amount Parks & Recreation Grant Fund 1067 — 27 — 89 550910 231691067S $11,797,839.00 Parks & Recreation Grant Fund 1067 — 27 — 89 550950 231691067L $1,300,000.00 Total $13,097,839.00 Director ofFiinanciial`Services I y Date: .) - a S