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HomeMy WebLinkAbout024769 ORD - 02/19/2002Page 1 of 3 ORDINANCE APPROVING $2,890.00 FROM ONAC DEVELOPERS, INCo AS DEVELOPER'S CONTRIBUTION FOR IN LIEU OF HALF STREET CONSTRUCTION OF PORTION OF BROCKHAMPTON STREET (WITH SUPPORTING PUBLIC UTILITY INFRASTRUCTURE), AS REQUIRED BY DEVELOPMENT OF BORDEAUX PLACE UNIT I SUBDIVISION; AND ESTABLISHING A SEPARATE SUBACCOUNT FOR SAID HALF STREET IN THE 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 BORDEAUX PLACE UNIT 1 SUBDIVISION; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION '1. That $2,890.00 from Onac Developers, Inc is approved as the developer's contribution for the in lieu of half street construction of the portion of Brockhampton Street(with supporting public utility infrastructure),as required by the development of Bordeaux Place Unit 1 Subdivision. SECTION 2. That the City shall establish a separate subacccount in the interest-bearing account in the Infrastructure Trust Fund for deposit of developer's contribution; and City shall restrict 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 Bordeaux Place Unit I Subdivision. H:\LEG-D~R\D~y~eD~ur~is\MYD~c~2~2\P&Z~RD~2\P~atting~rd\D~y~e~\B~rdeaux~P~aceUn 1 Brock.harnpton.HalfSt. CashlnLieu. ONACDeve.lopers.wpd 024769 Page 2 of 3 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 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 .~-----------------~ day of February, 2002 ATTEST: THE CITY OF CORPUS CHRISTI LEGAL FORM APPROVED 7 February 2002 James R, Bray, Jr. City Attorney By: Doyle D.//~urtis Senior Assistant City Attorney H:\LEG~D~R\D~y1eD~urtis~v1YD~2\P&~RD~2\P~atting~rd\D~y~eC\B~rdeaux~P~aceUn 1 .Brock.hampton.HalfSt,Cash[nLieu.ONACDeve.lopers.wpd Page 3 of 3 Corpus Christi, Texas 1~'~- day of TO THE MEMBERS OF THE CITY'COUNCIL Corpus Christi, Texas ,2002. 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., Mayor Rex A. Kinnison Brent Chesney Javier D. Colmenero Henry Garrett Bill Kelly John Longoria Jesse Noyola Mark Scott H:\LEG~D~R\D~y~eD~ur~is\MYD~2\P&Z~RD~2\P~atting~rd\D~y~e~\B~rdeaux.P~ace~n 1 .Brock.hampton. HalfSt. CashlnLieu. ONACDeve Jopers.wpd