HomeMy WebLinkAbout023475 ORD - 11/10/1998AN ORDINANCE
APPROPRIATING $14,000,000 FROM THE RESERVE DESIGNATED FOR
THE REDEMPTION OF CHOKE CANYON NOTE PAYABLE IN THE NO.
148 CHOKE CANYON FUND TO PROVIDE A FUNDING SOURCE TO
ACQUIRE THE GARWOOD WATER RIGHTS TO BE REPAID FROM THE
PUBLIC LAW TRUST FUND; TRANSFERRING $14,000,000 FROM THE
NO. 148 CHOKE CANYON FUND AND APPROPRIATING IT IN THE NO.
141 WATER FUND TO MAKE THE PAYMENT TO ACQUIRE THE
GARWOOD WATER RIGHTS; AMENDING THE FY 98-99 BUDGET,
ADOPTED BY ORDINANCE NO. 023387, TO INCREASE
APPROPRIATIONS BY $14,000,000 IN THE NO. 141 WATER FUND;
RESCINDING ORDINANCE NO. 023464, WHICH APPROPRIATED THE
MONEY FROM THE COMBINED UTILITY SYSTEM FUND; AND
DECLARING AN EMERGENCY.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. That $14,000,000 is appropriated from the Reserve Designated for the
Redemption of Choke Canyon Note Payable in the No. 148 Choke Canyon Fund to provide a
funding source to acquire the Garwood Water Rights, to be repaid from the Public Law Trust Fund.
SECTION 2. That $14,000,000 from the No. 148 Choke Canyon Fund is transferred to and
appropriated in the No. 141 Water Fund to make the payment to acquire the Garwood Water Rights.
SECTION 3. That Ordinance No. 023387, which adopted the FY 98-99 budget, is amended
by adding $14,000,000 to the No. 141 Water Fund.
SECTION 4. That Ordinance No. 023464, which appropriated the $14,000,000 from the
Combined Utility System Fund is hereby rescinded.
SECTION 5. 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 assed and shall take effect upon first reading as an
emergency measure this the /01-11 day of `2 1998.
ATTEST:
ando Chapa
City Secretary
H:\LEG-DIR\VERONICA\A LISON\ORD98.5\AG5000.567
THE CITY OF CORPUS CHRISTI
SamuelNeal, Jr
Mayor, The City of Corpus Christi
023475
LEGAL FORM APPROVED 6 {LN„ i xit , 1998; JAMES R. BRAY, JR., CITY ATTORNEY
Alison Gallaw
Assistant City Attorney
H:\LEG-DI R\VERONICA\A L1 SON\ORD98.5\AG 5000.567
2
Corpus Christi, Texas
/Oi-h day of Mlrffem. ,u , 1998.
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,
amuel 1, Jr., Mayo��� "`a'
THE CITY OF CORPU CHRISTI
Council Members
The above ordinance was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Alex L. Garcia, Jr.
Dr. Arnold Gonzales
dAi°
Betty Jean Longoria (,llf)
John Longoria
Edward A. Martin 0
Dr. David McNichols ((JJ( I
II: \ LEG-DIRWERONICA\ALISON\ORD98.5\A65000.567
023475
3
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 and 8)
1, the Director of Finance of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officer that the money
required for the contract, agreement, obligation or expenditure described below is in the
Treasury to the credit of the Fund specified below, from which it is to be drawn, and has not
been appropriated for any other purpose:
Amount Required: $14,000,000
Description of Contract, Agreement, Obligation, or Expenditure:
Appropriation of $14,000,000 from the Reserve designated for the redemption of the
Choke Canyon Note payable in the No. 148 Choke Canyon Fund as interim financing
for the acquisition of the Garwood Water rights 4-o rap oJ ct Ero-n» A4 AktiRL
/r,/ Fund from which Money is to be Drawn:
No. 148 Choke Canyon Fund $14,000,000
v
Director of Financ /
Date: s�o/A.3'
FOR OFFICE USE ONLY
Fund No. and Name 1 H g C2kolte C-ct„\idr Fu„c3Q,
z3
Activity/Project No. 11-1 —
Activity/Project Name i-e•S 4,
Sal q',
r7 ✓ FU-rJ
Appropriation Ordinance: Yes ✓ No.
Ordinance/Motion No:
Council Meeting Dated: 41 J /o l`3 K
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Finance of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officer that the money
required for the contract, agreement, obligation or expenditure described below is in the Treasury to
the credit of the Fund specified below, from which it is to be drawn, and has not been appropriated
for any other purpose:
Amount Required:
$ Iy,00a,000
Description of Contract, Agreement, Obligation, or Expenditure:
l'f, 600, 117x9 t t j- .re el
/
n-,r-rf (.vim
No. )4) cCL1C,
.,�
Fund from which Money is to be Drawn:
1 `t I We -ten,
` 'Lk ,���� A --
Director of Finane
V , I Date: /;
FOR OFFICE USE ONLY
Fund No. and Name
Activity/Project No.
Activity/Project Name
Appropriation Ordinance:
Ordinance/Motion No.:
Council Meeting Dated:
j -f) wot k r rod
`l I
Yes ✓ No
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