HomeMy WebLinkAbout19251 RES - 04/01/1986A RESOLUTION
REAFFIRMING THE CITY COUNCIL'S INTENT TO FINANCE THE
APRIL 5, 1986, BOND PROGRAM BY A TAX RATE NOT TO EXCEED
$0.60 PER $100 VALUE OF TAXABLE PROPERTY; AND DECLARING AN
EMERGENCY.
WHEREAS, the Corpus Christi 90 Committee through input of the citizens
of Corpus Christi made recommendations to the City Council for various capital
improvement projects; and
WHEREAS, this program was submitted to the Corpus Christi Planning
Commission for review and recommendation; and
WHEREAS, the Planning Commission held at least eight meetings at
various neighborhood sites; and
WHEREAS, after receiving information and testimony from the citizens,
and City boards and commissions, the Planning Commission made a recommendation
to the City Council on various capital improvements projects; and
WHEREAS, the City Council held a public hearing and received public
comment on such recommendation; and
WHEREAS, the City Council received advice regarding the financing of
said public improvements from its recognized financial advisor and from its bond
counsel; and
WHEREAS, said financial advisors are experts in the field of municipal
finance and fully knowledgeable of the economic facts relative to the City of
Corpus Christi; and
WHEREAS, said experts have advised the City Council that a
$111,000,000 bond program can be financed without raising the City tax rate
above $0.60 per $100 of value of taxable property; and
WHEREAS, the proposed bond program has flexibility to meet changing
economic conditions; and
WHEREAS, the City Council has called for a bond election on April 5,
1986, on nine propositions for a total of $111,000,000; and
WHEREAS, this City Council is committed to financing the proposed bond
program by a tax rate not to exceed said $0.60/$100 value;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
06P.062.01
19251 MICROFILMED
SECTION 1. That this City Council hereby reaffirms its intent to
finance the nine bond propositions contained in the April 5, 1986, bond election
by a tax rate not to exceed $0.60 per $100 value of taxable property.
SECTION 2. That upon written request of the Mayor or five Council
members, copy attached, to find and declare an emergency due to the need for
efficient and effective administration of City affairs, 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 resolution is passed and shall take effect upon first
reading as an emergency measure this the 1st day of April, 1986.
ATTEST.
Cityeco
APPROVED: /S7 DAY OF APRIL, 1986
06P.062.01
MAYOR
THE C TY OF CORPUS CHRISTI, TEXAS
Corpus Christi, Texa
day of
, 1984
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; I/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,
Council Members
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The above ordinance was passed by the. following vote:
Luther Jones
Dr. Jack Best
David Berlanga, Sr.
Leo Guerrero
Joe McComb
Frank Mendez
Bill Pruet
Mary Pat Slavik
Linda Strong
19251