HomeMy WebLinkAbout021917 ORD - 04/19/1994AN ORDINANCE
APPROPRIATING $78,643.20 FROM THE RESERVED FOR DEBT
SERVICE ACCOUNT OF THE FOLLOWING CAPITAL IMPROVEMENT
BOND FUNDS: NO. 503, 513, 533, 553, 563, 573, AND 581 TO PAY THE
ARBITRAGE REBATE TO THE INTERNAL REVENUE SERVICE; ADDING
$78,643.20 TO THE CAPITAL IMPROVEMENTS FUND; 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 $78,643.20 from Reserved for
Debt Service Account of the following Capital Improvement Bond Funds:
503 - $13,344.77
513 - 2,187.26
533 - 4,276.22
553 - 25,583.62
563 - 31,776.77
573 - 1,228.80
581 - 245.76
to pay the arbitrage rebate to the Internal Revenue Service.
SECTION 2. That $78,643.20 be added to the following Capital Improvement
Bond Funds No. 503, 513, 533, 553, 563, 573, and 581 in the amounts as set out in Section
1 above.
AG5000.509.abf
istaEtige
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 for immediate
action necessary for the 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 at two regular meetings so that this or, finance is
passed and shall take effect upon first reading as an emergency this the day of
, 19 g4
Al I EST:
egAir MAYOR
THE CITY OF CORPUS CHRISTI
APPROVED: 19 DAY OF, Apy 1 , 19%
JAMES R. BRAY JR., CITY ATTORNEY
Alison Galla ay
Assistant City Attorney
AG5000.509.abf
7
2
Corpus Christi, Texas
1g day of /krvl
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing
ordinance an emergency exists requiring suspension of the Charter
rule as to consideration and voting upon ordinances at two regular
meetings: I/we, therefore, request that you suspend said Charter
rule and pass this ordinance finally on the date it is introduced,
or at the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
The above ordinance was passed
Mary Rhodes
Dr. Jack Best
Melody Cooper
Cezar Galindo
Betty Jean Longoria
Edward A. Martin
Dr. David McNichols
David Noyola
Clif Moss
\tors\045
AG5000.509
MAYOR
THE CITY F CORPUS CHRISTI
by the following vote:
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Na
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1917
ity
CITY OF OORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
I certify to the City Council that $ , 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-•�i
Project No.
Project Name
from which it is proposed to be drawn, and such money is not appropriated for any
other purpose.
u:,1 r,o.
i2
57
FIN 2-55
Revised 7/31/69
19 .,.
Director of Finance
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS rJ
(City Charter Article IV Section:2.T)
April 8. 1994
I certify to the City Council that $ 78,643.20 , 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.
Capital Improvement Bond Funds as listed below:
Project Name
from which it is proposed to be drawn, and such money is not appropriated for any
other purpose.
Fund No. 503 - $13,344.77
513 - 2,187.26
533 - 4,276.22
553 - 25,583.62
563 - 31,776.77
573 - 1,228.80
581 - 245.76
782643.20
FIN 2-55
Revised 7/31/69
D
, 199Y
fDiicto
BOND FUNDS
ARBITRAGE REBATE EXPENSE
APRIL 15, 1994
GENERAL IMPROVEMENT - 1989
FIBe
AMOUNT
ARBITRAGE
1 OF BONDS INTEREST
SOLD 84-15-94
503 SANITARY SEWER BOND FUND 2,715, %'.00 16.971 13,344.77
513 STORM SEWER BOND FUND 445,'x'..00 2.781 2,187.26
533 PUBLIC HEALTH & SAFETY 870,000.00 5.441 4,276.22
553 PARK BOND FUND 5,205,000.00 32.531 25,583.62
563 STREET BOND FUND 6,465,+'x.00 40.41%. 31,776.77
573 LIBRARY BOND FUND 250,000.00 1.561 1,228.80
581 SR. CENTER IMPROVEMENTS 50,000.00 0.311 245.76
16,000,000.00 100.007. 78,643.20