HomeMy WebLinkAbout024152 ORD - 08/22/2000ORDINANCE
APPROVING $153,384.44 (FROM KING'S CROSSING REALTY, LTD.) AS
DEVELOPER'S CONTRIBUTION FOR IN LIEU OF HALF STREET
CONSTRUCTION (WITH SUPPORTING PUBLIC UTILITY
INFRASTRUCTURE) OF STRASBOURG DRIVE AND LOIRE
BOULEVARD, AS REQUIRED BY DEVELOPMENT OF KING'S
CROSSING UNIT 13, BLOCK 2, LOT 1; AND ESTABLISHING A CITY
INTEREST-BEARING ACCOUNT IN THE INFRASTRUCTURE TRUST
FUND FOR DEPOSIT OF DEVELOPER'S CONTRIBUTION; AND
RESTRICTING SAID MONIES FOR COMPLETION OF
"IMPROVEMENTS" AT TIME OF PLATTING AND DEVELOPMENT OF
PROPERTIES DIRECTLY ADJACENT TO AND ABUTTING THE
SECURED "IMPROVEMENT" OPPOSITE KING'S CROSSING UNIT 13,
BLOCK 2, LOT 1; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That $153,384.44 is approved as sufficient funds in lieu of the half street
construction of Strasbourg Drive and Loire Boulevard with supporting public utility infrastructure
from King's Crossing Realty, Ltd, as the developer's contribution required by the development of
King's Crossing Unit 13, Block 2, Lot 1.
SECTION 2. That the City establishes an interest-bearing account in the Infrastructure
Trust Ftmd for deposit of developer's contribution; and restricts said monies for the completion of
"improvements" at the time of platting and development of the properties directly adjacent to and
abutting the secured "Improvement" opposite King's Crossing Unit 13, Block 2, Lot 1.
SECTION 3. That upon written request of the Mayor or five Council members, copy
attached, the City Council (1) finds and declares an emergency due to the need for immediate
action necessary for the efficient and effective administration of City affairs and (2) suspends the
Charter rule that requires consideration of and voting upon ordinances at two regular meetings
,2000.
ATTEST: THE CITY OF CORPUS CHRISTI
h C r
Armando C apa, ity Sec etary
H :\LEG-DIR\VERONICA\DDCURTISxdVIYDOCS\2000\ORD2000. 100~DDCORD00.142
0,24 1
By:
,2000: JAMES R. BRAY, JR., CITY ATTORNEY
Doyle C~is, Senior Assistant City Attorney
H:\LEG-DIR\VERONICAXDDCURTIS\MYDOCS\2000\ORD2000 100/DDCORD00, 142
Corpus Clq~),~_Texas .
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 by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry Garrett
Dr. Arnold Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
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