HomeMy WebLinkAbout16259 ORD - 05/20/1981r
AN ORDINANCE
APPROPRIATING $38,000 OUT OF THE 102 GENERAL FUND UNAPPRO-
PRIATED FUND BALANCE AND $87,000 OUT OF THE 141 WATER
REVENUE FUND UNAPPROPRIATED FUND BALANCE TO PAY THE ESTI-
MATED COSTS OF SELLING $8,000,000 GENERAL OBLIGATION
BONDS AND $25,000,000 WATER REVENUE BONDS ON JUNE 24, 1981,
INCLUDING BOND ATTORNEY AND FINANCIAL ADVISOR SERVICES,
PRINTING OF BONDS, PRINTING OF OFFICIAL STATEMENTS RELATING
TO THE SALES, BOND RATING SERVICE FEES AND RELATED EXPENSES
WITH REIMBURSEMENT TO BE MADE TO THE RESPECTIVE FUNDS OUT
OF THE PROCEEDS OF THE SALES; 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 out of the No. 102
General Fund Unappropriated Fund Balance the sum of $38,000 and $87,000 out
of the No. 141 Water Revenue Fund Unappropriated Fund Balance to pay the es-
timated costs of selling $8,000,000 General Obligation Bonds and $25;000,000
Water Revenue Bonds on June 24, 1981, including bond attorney and financial
advisor services, printing of bonds, printing of official statements relating to
the sales, bond rating service fees and related expenses, with reimbursement
to be made to the respective funds out of the proceeds of the sales.
SECTION 2. The necessity to appropriate the sums hereinabove
described at the earliest practicable date creates 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 or Council members, 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 and be in full force and effect
fro and after its passage, IT IS ACCORDINGLY SO ORDAINED, this the %2Dday of
,19y1.
ATTEST:
C y Secretary
APPROVED: /' /f0 /
`%J DAY OF �"�/
J. BRUCE AYCOCK,
16259
THE CITY OF CORPUS CHRISTI, TEXAS
micgicla
fSiP2 W
n
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATICe OF FUNDS
(City Charter Article IV Section 21)
May 13, 1981
I certify to the City Council that $ 25,000 , 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
Project No.
No. 102 General Fund Reserve
Activity 901-521-99, Code 499
Project Name
Marina Improvements Contract (Goldston)
from which it is proposed to be drawn, and such money is not appropriated for any
other purpose.
19J
X1(4.
FIN 2-55
Revised 7/31/69
Director o Finan
CP
l
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
May 1, 1981
I certify to the City Council that $"`8770001
, 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
Account
fl • .ose
141 Water Revenue Fund
Unappropriated Fund Balance
Bond Issuance Expense to be
reimbursed from Bond Sale Proceeds,
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose. •
FIN 2-55
Revised 7/31/69
19 a7
%I'Air
4J
Director o 4'ne4,. e
Corpus Christi, Texas
.2./ day of
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, but that such ordinance or resolution shall be read
at three meetings of the City Council; I/we, 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, Respectfully,
Council Members
MAYORpro•Tem
The Ci y of Corpus Christi, Texas
The Charter rule was suspended by the following
Luther Jones
Betty N. Turner
Jack K. Dumphy
Bob Gulley
Herbert L. Hawkins, Jr.
Dr. Charles W. Kennedy
Cliff Zarsky
The above ordinance was passed
Luther Jones
Betty N. Turner
Jack K. Dumphy
Bob Gulley
Herbert L. Hawkins, Jr.
Dr. Charles W. Kennedy
Cliff Zarsky
1_6259
vote:
by the following
vote: