HomeMy WebLinkAbout16985 ORD - 04/07/1982AN ORDINANCE
AMENDING THE ORDINANCE APPLICABLE TO THE LEXINGTON
ESTATES HAHAN ACRES STREET IMPROVEMENT PROJECT TO
REFLECT THE LEGAL AND CURRENT INTEREST RATE OF SIX
AND ONE HALF (611%) PERCENT PER ANNUM ON UNPAID IN—
STALLMENTS, WHICH RATE IS THAT SET BY LAW AND CUR—
RENTLY IN EFFECT; AND DECLARING AN EMERGENCY.
WHEREAS, On the 24th day of September, 1980, the City Council, by
enactment of Ordinance No. 15779 amended the City Code and assessment policy
by raising the interest rate on unpaid installments for pavement assessments
from five and one fourth (51/47.) percent to six and one half (61/2%) percent per
annum.
WHEREAS, Ordinances Nos. 15922, 15923, 15994, 15995, 16804, and
16805 were passed in regard to improvements of the following streets:
1. Brandesky, Cosner and Kosarek Drives, from
McArdle Road to South Padre Island Drive
2. Foley Drive, from Kostoryz Road to Broughton
Drive, and
3. Hakel Drive, from McArdle Road to Mahan Drive.
WHEREAS the above Ordinances Nos. 15922, 15923, 15994, 15995, 16804,
and 16805 were passed utiliting a lower interest rate than the six and one half
(61/2%) percent per annum currently allowed by law, and currently in effect;
NOW THEREFORE, BE IT ORDAINED BY THE CITY.COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Ordinance No. 15922, passed and approved on
December 10, 1980, be amended by amending Section 2, Paragraph B of said
Ordinance wherein the method of payment is described so as to state an interest
rate of six and one half (61/2%) percent per annum.
That Ordinance No. 15994, passed and approved on January 28, 1981, be
amended by amending Section Five wherein the method of payment of assessments is
stated, so as to state an interest rate of six and one half (61/2%) percent per annum.
That as to Ordinances Nos. 15922, 15923, 15994, 15995, 16804, and 16805,
that any and all references to the interest rate applicable to unpaid paving
assessments be amended to state an applicable interest rate of six and one half
(61/2%) percent per annum.
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AN ORDINANCE - Page 2
SECTION 2. The City Secretary of the City of Corpus Christi is
hereby authorized and directed to prepare a notice in the name of said City
of action taken herein and to have same filed by the County Clerk of Nueces
County, Texas, among the Mortgage Records of said County.
SECTION 3. That upon written request of the Mayor or five Council
Members, copy attached, to find and declare an emergency due to the need to
amend the ordinances so that the rate charged will be in conformity with
current law, such finding of an emergency is made and declared requiring
suspension of the Charter rule as to consideration and voting upon ordinances
or resolutions at three regular meetings so that this ordinance is passed and
shall take ffect upon first reading as an emergency measure this the
day of , 1982.
ATTEST:
y Secretary
APPROVED:
6-----73AY OF
J. Bruce Aycock, Ci4 Attorney
, 1982
MTOR
THE CITY CORPUS CHRISTI, TEXAS
Corpus Christi, Te s
26L day of
, 1982
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 1$
introduced, or at the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
MAYO
4/91,
THE "rY OF CORPUS CHRISTI, TEXAS
The above ordinance was passed by the foll wing vote:
Luther Jones
Betty N. Turner
Jack K. Dumphy
Bob Gulley
Herbert L. Hawkins, Jr.
Dr. Charles W. Kennedy
Cliff Zarsky
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