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Home My WebLink About16030 ORD - 02/11/1981AN ORDINANCE APPROPRIATING THE SUM OF $17,215.11 FROM THE UNAPPROPRIATED FUND BALANCE OF PARADE PLACE DEVELOPMENT FUND NO. 107 FOR ADVERTISING THE SALE OF LOTS IN PARADE PLACE UNIT #2 ($6,000) AND FOR REIMBURSEMENT OF THE GENERAL FUND #102 TO PAY INTEREST ON THE CASH ADVANCE USED FOR SUBDIVISION CONSTRUCTION ($11,215.11) AT AN ANNUAL INTEREST RATE OF 8.8%; 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 $17,215.11 out of the Unappropriated Fund Balance of Parade Place Development Fund No. 107 for advertising the sale of lots in Parade Place unit #2 ($6,000) and for reimbursement of the General Fund #102 to pay interest on the cash advance used for subdivision construction, in the amount of $11,215.11, at an annual interest rate of 8.8%. SECTION 2. The necessity to provide the necessary sums to reimburse the General Fund at the earliest practicable date 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 but that such ordinance or resolution shall be read at three several meetings of the City Council, and the Mayor, having declared that such emergency and necessity exist, 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 /1 day of February, 1981. ATTEST: y Secretary APPROVED: //4 DAY OF FEBRUARY, 1981: J. BRUCE AYCOCK, CITY ATTORNEY BY Assis'nt/JLTity Attorne 1(303© THE CITY OF CORPUS CHRISTI, TEXAS MICROHLMED SEP 2 71984 CITY OF CORPUS CHRISTI, TEXAS CERTIFICATION OF FUNDS (City Charter Article IV Section 21) February 11, 1981 I certify to the City Council that $ 17,215.11 , 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 107 Parade Place Development Fund Project No. 107 Unappropriated Fund alance Project Name Parade Place Unit II from which it is proposed to be drawn, and such money is not appropriated for any other purpose. • February 11 19 81 i Director of J 'i ,1, FIN 2-55 Revised 7/31/69 i Corpus Christi, T xas // day of�/,�,„ 19 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, MAYOR THE CI ` OF CORPUS CHRISTI, TEXAS The Charter rule was suspender by the following vote: Luther Jones Edward L. Sample Dr. Jack Best Jack K. Dumphy Leopoldo Luna Betty N. Turner Cliff Zarsky The above ordinance was pass. by the following vote: Luther Jones Edward L. Sample Dr. Jack Best Jack K. Dumphy Leopoldo Luna Betty N. Turner Cliff Zarsky 16030