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HomeMy WebLinkAbout026960 ORD - 08/29/2006AN ORDINANCE APPROPRIATING $1,488,093 IN PASSENGER FACILITY CHARGE FUND 4621 FROM UNRESERVED FUND BALANCE, TRANSFERRING $1,055,309 INTO THE AIRPORT 2000A DEBT SERVICE FUND 4640 AND $432,784 INTO THE AIRPORT 2000B DEBT SERVICE FUND 4641 FOR DEBT SERVICE ON AIRPORT IMPROVEMENTS; AMENDING FY 2004 -2005 CAPITAL BUDGET ADOPTED BY ORDINANCE NO. 026188 TO INCREASE APPROPRIATIONS BY $1,488,093; AMENDING FY 2006 -2007 OPERATING BUDGET ADOPTED BY ORDINANCE NO. 026908 TO INCREASE REVENUES BY $178,653 IN THE AIRPORT 2000A DEBT SERVICE FUND 4640 AND $124,634 IN THE AIRPORT 2000B DEBT SERVICE FUND 4641; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That $1,488,093 in Passenger Facility Charge Fund 4621 is appropriated from unreserved fund balance; and $1,055,309 is transferred into the Airport 2000A Debt Service Fund 4640 and $432,784 is transferred into the Airport 2000B Debt Service Fund 4641 for debt service on airport improvements. SECTION 2. That FY 2004 -2005 Capital Budget adopted by Ordinance No. 026188 is amended by increasing appropriations by $1,488,093. SECTION 3. That FY 2006 -2007 Operating Budget adopted by Ordinance No. 026908 is amended by increasing revenues by $178,653 in the Airport 2000A Debt Service Fund 4640 and by $124,634 in the Airport 2000B Debt Service Fund 4641. SECTION 4. 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 and takes effect upon first reading as an emergency measure this the 29th day of August, 2006. ATTEST.. _ THE 1 ' OF CORPUS CHRISTI Armando Chapa City Secretary AWL ILL4 He ry Garr Mayor 360 APPROVED AT TO FORM: August 24, 2006 Wendy E. Ittden Assistant City Attorney For City Attorney Corpus Christ .a exas day of -2006 TO THE MEMBER ` 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, Council Members Respectfully, my Garr Mayor The above ordinance was passed by the following vote: Henry Garrett Brent Chesney John E. Marez Melody Cooper Jerry Garcia Bill Kelly Rex A. Kinnison Jesse Noyola Mark Scott 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. City Council Action Date: August 29, 2006 Agenda Item: Ordiraance appropriating $1,488,093 in Passenger Facility Charge Fund 4621 from unreserved fund balance; transferring $1,055,309 into the Airport 2000A Debt Service Fund 4640 and $432,784 into the Airport 2000B Debt Service Fund 4641 for debt service on airport improvements; amending FY 2004 -2005 Capital Budget adopted by Ordinance No. 026188 to increase appropriations by $1,488,093; amending FY 2006 -2007 Operating Budget adopted by Ordinance No. 026908 to increase revenues by $178,653 in the Airport 2000A Debt Service Fund 4640 and $124,634 in the Airport 2000B Debt Service Fund 4641; and declaring an emergency Amount Required: $ 1,488,093 Fund Name Passenger Facility Charge Fund Fund Org. No. No. 4621 Account No. 251850 4- Certification Not Required Project No. Amount $1,488,093 Total $1,488,093 0 Director of Financial Services Date: L }/ U67