HomeMy WebLinkAbout025122 ORD - 11/26/2002ORDINANCE
APPROPRIATING $1,626,418 FROM RESERVE FOR CONVENTION CENTER
EXPANSION IN THE HOTEL OCCUPANCY TAX FUND 1030, AUTHORIZING THE
TRANSFER OF $1,626,418 TO THE CONVENTION CENTER 2002 CIP FUND;
APPROPRIATING $34,185,505 IN THE CONVENTION CENTER 2002 CIP FUND:
$32,131,337 FROM THE COMBINATION TAX AND MUNICIPAL HOTEL
OCCUPANCY TAX REVENUE CERTIFICATES OF OBLIGATION, SERIES 2002,
$1,626,418 FROM THE HOTEL OCCUPANCY TAX FUND 1030 AND $427,750 FROM
ANTICIPATED INTEREST EARNINGS IN THE CONVENTION CENTER 2002 CIP
FUND, TO FUND THE CONSTRUCTION AND EXPANSION OF THE CONVENTION
CENTER.; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That $1,626,518 is appropriated from the Reserve for Convention Center
Expansion in the Hotel Occupancy Tax Fund 1030, authorizing the transfer of $1,626,518 to the
Convention Center 2002 CIP Fund; appropriating $34,185,505 in the Convention Center 2002
CIP Fund: $32,131,337 from the Combination Tax and Municipal Hotel Occupancy Tax
Revenue Certificates of Obligation, Series 2002, $1,626,418 from the Hotel Occupancy Tax
Fund 1030 and $427,750 from anticipated interest earnings in the Convention Center 2002 CIP
Fund, to fund the construction and expansion of the Convention Center.
SECTION 2. 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 so
that tl~i~ ordinance is passed and takes effect upon first reading as an emergency measure this the
~9_~ay of ~ I[':~{~O/L~ , 2002.
ATTEST:
Armando Chapa
City Secretary
Legal form approved ~.
James R. Bray, Jr.
City Attorney
By: ~'~-z ~
Lisa Aguilar
Assistant City Attorney
THE CITY OF CORPUS CHRISTI
Mayor
2/I ,2002
122
Corpus Christi, 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: l/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,
S~mmuel L. l'¥a~, ~., Ma~or
City of Corpus Christi
Council Members
The above ordinance was passed by the following vote:
Samuel L. NeaL Jr.
Brent Chesney
Javier D. Colmenero
Henry Garrett
Bill Kelly
Rex A. Kinnison
John Longoria
Jesse Noyola
Mark Scott
0251.22
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:
$34,185,505
Description of Contracts, Agreements, Obligations, or Expenditures:
Ordinance appropriating $1,626,418 from Reserve for Convention Center Expansion in the Hotel
Occupancy Tax Fund 1030, authorizing the transfer of $1,626,418 to the Convention Center 200?
C1P Fund; appropriating $34,185,505 in the Convention Center 2002 CIP Fund; $32,131,337 from
the Combination Tax and Municipal Hotel Occupancy Tax Revenue Certificates of Obligation.,
Series 2002, $1,626,418 from the Hotel Occupancy Tax Fund 1030 and $427,750 from anticipated
interest earnings in the Convention Center 2002 C1P Fund, to fund the construction and expansion
of the Convention Center.
Fund from which Money is to be Drawn:
Hotel Occupancy Tax Fund 1030; Combination Tax and Municipal Hotel Occupancy Tax
Revenue Certificates of Obligation services 2002; Interest Earning
Director o¥16inancial Services
~' Date: /[. ~ ,O ~_
FOR OFFICE USE ONLY
Fund No. and Name:
Activity/Project No.:
Activity/Project Name:
Appropriation Ordinance:
Ordinance/Motion No.:
Council Meeting Dated:
Notes/Descriptions:
Fund 1030; Sale of Certificates of Obligation; Interest
Earnings
Yes X No
November 26, 2002