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HomeMy WebLinkAbout16831 ORD - 01/20/1982r AN ORDINANCE ESTABLISHING A TRUST FUND FOR THE CITY MANAGER OF THE CITY OF CORPUS CHRISTI IN THE AMOUNT OF $70,000 AND APPROPRIATING $70,000 FROM THE GENERAL FUND RESERVE, ACTIVITY 521.99, CODE 490, FOR TRANSFER TO THE TRUST FUND; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That a Trust Fund in the amount of $70,000 is hereby established for Edward A. Martin, City Manager of the City of Corpus Christi, such Trust Funds payable to Edward A. Martin, City Manager, only in the event of involuntary termination of employment by the City Council. Said Trust Fund shall be retained by the City if the City Manager of the City of Corpus Christi voluntarily terminates employment. SECTION 2. Interest accrued on the Trust Fund shall be credited to the General Fund of the City of Corpus Christi. SECTION 3. There is appropriated $70,000 from the General Fund Reserve, Activity 521.99, for the purpose of establishing this Trust Fund. SECTION 4. That upon written request of the Mayor or five Council members, copy attached, to find and declare an emergency due to the need of efficient administration of City affairs, such finding of an emergency is made and declared requiring suspension of the Charter rule as to considera- tion and voting upon ordinances or resolutions at three regular meetings so that this ordinance is passed and shall take effect upon first reading as an emergency measure this the .20 day of January, 1982. ATTEST: /tIffs.IG<21 Ci y Secretary A.ICOLED: -I— DAY OF JANUARY, 1982: ty Attorney MAYOR 40P -/pie 16831_ THE CITY OF CORPUS CHRISTI, TEXAS SEP 28 1904 MICROFILME1 ' , CITY OF CORPUS CHRISTI, TEXAS CEFECIFICATION OF FUNDS (City Charter Article IV Section 21) Jan. 20, 1982 , I certify to the City Council that $ 70,000.00 , 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 102 General Fund Activity 25Uageort No. 901-521.99-499 General Fund Reserve XN3na To establish Trust account for Edward Martin from which it is proposed to be drawn, and such money is not appropriated for any other purpose. lge}2.441e_ .T.0 FIN 2-55 Revised 7/31/69 January 20 , 1982 Corpus Christ , 198t— TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance or resolution, an emergency exists requiring suspension of the Charter rule as to consideration and voting upon ordinances or resolutions at three regular meetings; 1/we, therefore, request that you suspend said Charter rule and pass this ordinance or resolution finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, Respectfully, MAYOR Council Members THE CITY OF CORPUS CHRISTI, TEXAS The above ordinance was passed by the follring vote: Luther Jones 40' Betty N. Turner Jack K. Dumphy de Bob Gulley Herbert L. Hawkins, Jr. Dr. Charles W. Kennedy Cliff Zarsky 16831