HomeMy WebLinkAbout15375 ORD - 02/20/1980AN ORDINANCE
APPROPRIATING $56,651.35 OUT OF VARIOUS BOND FUNDS
IN CONNECTION WITH THE SALE OF $13,325,000 OF GENERAL
OBLIGATION BONDS, SERIES 1979, AND CERTIFICATES OF
OBLIGATION, SERIES 1979, SOLD ON NOVEMBER 21, 1979;
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That there is hereby appropriated the sum of
$56,651.35 out of various bond funds as hereinafter set forth for
expenses in connection with the sale of $13,325,000 of General Obligation
Bonds and Certificates of Obligation, Series 1979, said sale having been
conducted on November 21, 1979, said expenses being as follows:
Bond Attorney, Hobby H. McCall
Financial Advisor, M. E. Allison, Sr.
Printing Official Statements
Printing Bonds
Bond Rating Services:
Moody's
Standard & Poor's
Fund
250 Sanitary Sewer
245 Airport
213 Transit
291 Parks & Recreation
$ 15,331.34
31,609.43
5,031.58
2,429.00
2,250.00
$ 56,651.35
Bonds Sold Percent
$ 2,630,000 19.74
300,000 2.25
75,000 .56
725,000 5.44
Public Buildings
261 Coliseum 70,000 .53
263 Museum 50,000 .37
Public Safety Buildings
267 Animal Shelter 185,000 1.39
295 Storm Sewer
220 Street
Total Genral
Obligation Bonds $ 7,375,000
1,400,000 10.51
1,940,000 14.56
Certificates of Obligation
209 Community Convention
Facility $ 4,000,000
270 Public Safety Equip. 950,000
245 Airport 1,000,000
Total Certificates
of Obligation $ 5,950,000
30.02
7.13
7.50
Total Bond Sale $13,325 000 100.00
15375
Appropriation
$ 11,182.97
1,274.66
317.25
3,081.83
300.25
209.61
787.45
5,954.06
8,248.44
17,006.74
4,039.24
4,248.85
$ 56,651.35
SECTION 2. That the necessity to appropriate the sums hereinabove
described for expenses in connection with the sale of the General Obligation
Bonds and Certificates of Obligations, Series 1979, creates a public emergency
and an imperative public necessity requiring the suspension of the Charter
rule that no ordinance or resolution shall be passed finally on the date of
its introduction and that such ordinance or resolution shall be read at three
separate meetings of the_City Council and the Mayor having declared that such
emergency and necessity exist, and having requested the suspension of the
Charter rule and that this ordinance be passed finally on the date of its
introduction and take effect and be in full force and effect from and after
its passage,,
IT IS ACCORDINGLY SO ORDAINED, this the oa0 day of
February, 1980.
ATTEST:
��
Ci y Secretary M`Ay
APPROVED:
/9 DAY OF FEBRUARY, 1980:
J. Bruce Aycock, City Attorney
/'• /
The ty of Corpus Christi, Texas
CITY OF CORPUS CHRISTI,'TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
February 8, 198O
•
I certify to the City Council that $ 56,651.35 , the amount required
for the contract, agreement, obligation or expenditures contemplated in the
above and foregoing ordinance is in the Treasury of the City of Corpus Christi
to the credit of:
Fund No. and Name Various .. bond issuance expense
Project No.
Project Name For bond distribution see below
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose. •
Bond Fund Amount
250 Sanitary Sewer $ 11,182.97
245 Airport 1,274.66
218 Transit 317.25
291 Parks & Recreation 3,081.83
261 Coliseum 300.25
263 Museum 209.61
267 Animal Shelter 787.45
295 Storm Sewer 5,954.06
220 Streets 8,248.44
Certificates of Obligation
209 Community Convention
Facility 17,006.74
270 Public Safety Equipment 4,039.24
245 Airport 4,248.85
$ 56,651.35
ra FIN 2-55
I ^� Revised 7/31/69
4
,(..LS. -7 ,19,0_
ctor omance
Corpus Christi, T xas p
,22 day of , 19 d 9
•
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set -forth in the emergency clause of the foregoing ordinance, a
public emergency and imperative necessity exist for the suspension of the Charter
rule or requirement that no ordinance or resolution shall be passed finally on
the date it is introduced, and that such ordinance or resolution shall be read
at three meetings of the City Council; I, therefore, request that you suspend
said Charter rule or requirement and pass this ordinance finally on the date it
is introduced, or at the present meeting of the City Council.
Respectfully,
THE C TY OF CORPUS CHRISTI. TEXAS
The Charter rule was suspend -d by the following vote:
Luther Jones /, .,QJ
Edward L. Sample `L
Dr. Jack Best
David Diaz 'It
Jack K. Dumphy 'r
Betty N. Turner 1
Cliff Zarsky O_
The above ordinance was passe : by the following vote:
Luther Jones
Edward L. Sample
Dr. Jack Best
David Diaz
Jack K. Dumphy
Betty N. Turner
Cliff Zarsky
15375