HomeMy WebLinkAbout022515 ORD - 03/26/1996AN ORDINANCE
APPROPRIATING INTEREST IN THE AMOUNT OF $525,000.00 EARNED
ON FUNDS TRANSFERRED INTO THE SANITARY SEWER CAPITAL
IMPROVEMENT FUND FROM THE PADRE ISLAND ESCROW FUND
AND THE WHITECAP PLANT EXPANSION FUND; AMENDING
ORDINANCE NO. 022394 THAT ADOPTED THE FY 95-96 CAPITAL
BUDGET TO INCREASE APPROPRIATIONS IN THE SANITARY SEWER
CAPITAL IMPROVEMENT FUND BY $525,000.00; AND DECLARING AN
EMERGENCY.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. That $525,000.00 is hereby appropriated from interest earned on funds
transferred into the Sanitary Sewer Capital Improvement Fund from the Padre Island Escrow Fund
and the Whitecap Plant Expansion Fund.
SECTION 2. That Ordinance No. 022394 that adopted the FY 95-96 Capital Budget is
hereby amended to increase appropriations in the Sanitary Sewer Capital Improvement Fund by
$525,000.00.
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 ordinance is passed and shall take effect upon first reading as an
emergency measure this the L(e day of ma r ( 111 , 1996.
ATTEST:
City Secretary
THE CITY OF CORPUS CHRISTI
MAYOR
_" The City of Corpus Christi
APPROVED THIS THE ) S DAY OF /1 �LAW r , 1967
By:L.1 LN 2P CaWa iS
Alison Gal away
Assistant City Attorney
H:\AG\96\5000.858. yr
) 92515
Corpus Christi, Texas
Day of MCC girl , 19 elliV
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,
MAYOR
THE CITY OF CORPUS CHRISTI
Council Members
The above ordinance was passed by the following vote:
Mary Rhodes
Dr. Jack Best
Betty Black
Melody Cooper
Tony Heldenfels
Betty Jean Longoria
John Longoria
Edward A. Martin
Dr. David A. McNichols
n:\AG\96\5000.858. yr
T
02 515
OutiJ
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
31/47.2/14
I certify to the City Council that $ Sc?S, atop , 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 D a So Suja.hci itta gelid F d
Project NO. 250- 4156 1 -12666. 4/a.
Project Name ({ C F-QoL4.E pa.tt k
ftcn which it is proposed to be drawn, and such money is not appropriated for any
other purpose.
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FIN 2-55
Revised 7/31/69
/.2z ,199l
frDirector of Finance
INVESTMENT
DATE
06/16/92
06/22/92
07/31/92
AMOUNT
INVESTED
$149,256.91
$3,240,000.00
$77,073.45
INTEREST EARNINGS ON
WHITECAP PLANT EXPANSION -PHASE II
ACCUMULATED
AMOUNT INTEREST
INVESTED RATE
$149,256.91 4.74%
ACCUMULATED
NUMBER INTEREST AMOUNT
OF DAYS EARNED INVESTED
6 $116.30 $149,373.21
$3,389,373.21 4.74% 39 $17,166.01 $3,406,539.22
$3,483,612.67 4.26% 61 $24,801.41 $3,508,414.08
09/30/92 $3,508,414.08 4.43% 123 $52,375.34 $3,560,789.42
01/31/93 $3,560,789.42 4.26% 28 $11,636.46 $3,572,425.88
02/28/93 $3,572,425.88 4.00% 92 $36,017.88 $3,608,443.76
05/31/93 $3,608,443.76 3.84% 30 $11,388.84 $3,619,832.60
06/30/93 $3,619,832.60 3.40% 31 $10,452.89 $3,630,285.49
07/31/93 $3,630,285.49 3.42% 31 $10,544.74 $3,640,830.23
08/31/93 $3,640,830.23 3.82% 30 $11,431.21 $3,652,261.44
09/30/93 $3,652,261.44 3.70% 31 $11,477.11 $3,663,738.55
10/31/93 $3,663,738.55 3.58% 30 $10,780.43 $3,674,518.98
11/30/93 $3,674,518.98 3.49% 31 $10,891.68 53,685,410.68
12/31/93 $3,685,410.66 3.47% 31 $10,861.36 $3,696,272.02
01/31/94 $3,696,272.02 3.46% 28 $9,810.82 $3,706,082.84
02/28/94 $3,706,082.84 3.49% 31 $10,985.24 $3,717,068.08
03/31/94 $3,717,068.08 3.48% 30 $10,631.83 $3,727,699.91
04/30/94 $3,727,699.91 3.46% 31 $10,954.33 $3,738,654.24
05/31/94 $3,738,654.24 3.60% 30 $11,062.32 $3,749,716.56
06/30/94 $3,749,716.56 3.66% 31 $11,655.97 $3,761,372.53
07/31/94 $3,761,372.53 4.05% 31 $12,938.09 $3,774,310.62
08/31/94 $3,774,310.62 4.00% 30 $12,408.69 $3,786,719.31
09/30/94 $3,786,719.31 4.05% 31 $13,025.28 $3,799,744.59
10/31/94 $3,799,744.59 4.32% 30 $13,491.70 $3,813,236.29
11/30/94 $3,813,236.29 4.60% 31 $14,897.74 $3,828,134.03
12/31/94 $3,828,134.03 5.19% 31 $16,874.21 $3,845,008.24
01/31/95 $3,845,008.24 5.12% 59 $31,821.92 $3,876,830.16
03/31/95 $3,876,830.16 5.11% 30 $16,282.69 $3,893,112.85
04/30/95 $3,893,112.85 5.09% 31 $16,829.98 $3,909,942.83
05/31/95 $3,909,942.83 5.36% 61 $35,024.52 $3,944,967.35
07/31/95 $3,944,967.35 5.11% 31 $17,121.16 $3,962,088.51
08/31/95 $3,962,088.51 5.03% 92 $50,232.77 $4,012,321.28
12/01/96 $4,012,321.28 4.84% 31 $16,493.39 $4,028,814.67
01/01/96 $4,028,814.67 4.92% 60 $32,583.73 $4,061,398.40 *
$595,068.05
*Interest earnings through February 29, 1996