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HomeMy WebLinkAboutM2004-382 - 10/12/2004MOTIONS - 10/12/04 12. Motion authorizing the City Manager or his designee to execute an agreement with the Corpus Chdsti Regional Economic Development Corporation (EDC) whereby the EDC will promote economic development in the Corpus Chdsti Bay area for an annual fee of $475,000 and ratifying the first quarterly payment. The agreement term is August 1,2004 through July 31,2005. A'I-r'EST: Armando Chapa, City Secretary M2004-382 CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) 1, the Director of Financial Services of the City of Corpus Christi, Texas (or Ns/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: __ 10/12/04 Agenda Item: Motion authorizing the City Manager or his designee to execute an agreement with the Corpus Christi Regional Economic Development Corporation (EDC) whereby the EDC will promote econormc development in the Corpus Christi Bay area for an annual fee of $475,000 and ratifying the lst quarterly payment. The agreement term is August 1, 2004 through July 31, 2005. Amount Required: $475,000.00 Fund Name Fund No. Org. No. Account No. Project No. Amount General Fund 1020 14700 530000 $187,781.00 Water Fund 4010 14703 530000 145,247.00 Waste Water Fund 4200 14702 530000 69,938.00 Gas Fund 4130 14701 530000 72,034.00 Total $475,000.00 ~ Certification Not Required DirectorofFinancialServi~es/~ . / Date: /di ~/:p////~/