HomeMy WebLinkAbout025810 ORD - 06/29/2004ORDINANCE
APPROPRIATING $89,748 IN INTEREST EARNINGS FROM THE
UNRESERVED FUND BALANCE OF THE NO. 4243
WASTEWATER 1999A CIP FUND TO PAY THE ARBITRAGE
REBATE TO THE INTERNAL REVENUE SERVICE; AMENDING
FY 2004 CAPITAL BUDGET ADOPTED BY ORDINANCE 025647
BY INCREASING APPROPRIATIONS BY $89,748; AND
DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That $89,748 is appropriated in interest earnings from the
Unreserved Fund Balance of the No. 4243 Wastewater 1999A CIP Fund to pay
the arbitrage rebate to the Internal Revenue Service.
SECTION 2. That the FY 2004 Capital Budget adopted by Ordinance 025647 is
amended by increasing appropriations by $89,748.
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 so that this ordinance is
passed ar'~t,takes effect upon first reading as an emergency measure this the
~_day of ~2004.
ATTEST ~
THE~CITY OF COR~S CH/I~STI
Armando Chapa " Samuel L. Neal, Jr. (.../' -
City Secretary Mayor
Approved: June 23, 2004
Lisa Aguila_r
Assistant City-Attorney
for City Attorney
Corpus Christi, Texas ~
~ Day of ~'>-~- ,2004
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,
City of Corpus Christi
Council Members
The above ordinance was passed by the following vote:
Samuel L. Neal, Jr.
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Bill Kelly
Rex A. Kinnison
Jesse Noyola
Mark Scott
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article 1V, Sections 7 & 8)
1, the Director of Finance of the Clty of Corpus Christ/, Texas (or his/her duly aathonzed
representaave), hereby certify to the City Council and other appropriate officer that the money
required for the conlxact, agreement obligation or expenditure described below is in the Treasu~
to the credit of the Fund specified below, from which it is to be drawn, and has not be~n
appropriated for any other purpose.
City Council Action Date: 6/29/04
Agenda Item:
A
Ordinance appropriating $89,748 m interest earnings frem the Um~wed Fund Bal~ of the
No. 4243 Wastewater 1999A CIP Fund to pay the arbitrage rebate to the Internal Revenue
Service; amending the FY2003-2004 Capital Budget adopted by ofdm~ce No. 025647 by
im:reasmg appropriations by $89,748; and declaring an emergoncy.
Amount Required:
$ 89,748_
Fund Name
Wastewater 1999A ClP Fund
Fund No. Org. No. Account No. Project No. Amount
4243 0000 251850 000000 $89,748 00
Total
~ Certification Not Required
Director of Financial Serv/ices