HomeMy WebLinkAboutM2004-239 - 06/29/2004MOTIONS - 06/29/04
13.b.
Motion authorizing the City Manager or his designee to pay $89,748 of excess
arbitrage interest earnings to the Internal Revenue Service for the Utility System
Revenue Refunding and Improvement Bonds, Sedes 1999A as required by the
Internal Revenue System at each five-year anniversary date.
A'I-I'EST:
Arm~etary
City of Corpus Chdsti
M2004-239
CITY OF CORPUS CHRISTI
CERIIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Finance of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officer that the money
required for the contract, agreement, obhgafion or expenditure described below is m the Treasury
to the crctht of the Fund specified below, fi.om which it is to be drawn, and has not been
appropriated for any other purpose.
City Council Action Date: 6/29/04
Agenda Item:
Motion amhorizmg thc City Manager or his designee to pay $89,748 ofcxo~s asbrwage inten~t
earmngs to the U.S. Treasury for the Utility System Revmue Refunding ~:1 Improvement
Bonds, Series 1999A as required by the Internal Revenue Service at each five-year annivcmat3,
date.
Amount Required:
$__89,748
Fund Name Fund No. Org. No. Account No. ProjectNo. Amount
Wastewater1999ACIPFund 4243 00000 202280 00~0~0 $89,748.00
Total $89,748.00
* Contmg~t.upon Council appropriation of Interest Earnings.
I Certification Not Required
Director of Financial Servi,ges
Date: (~ / /- /