HomeMy WebLinkAbout027180 ORD - 03/20/2007ORDINANCE
AMENDING ORDINANCE NO. 027143, SECTION 1, AUTHORIZATION OF
CERTIFICATES OF OBLIGATION, TO ADD UTILITY WORK ASSOCIATED
WITH THE PORT AVENUE STREET RECONSTRUCTION TO THE LISTING
OF PROJECTS BEING FUNDED BY THE CITY OF CORPUS CHRISTI TEXAS
COMBWIATION TAX AND REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2007; AND DECLARATION OF EMERGENCY.
WHEREAS, on January 23, 2007, the City Council passed Resolution 027127
authorizing and directing publication of notice of intention ("Notice") to issue
Certificates of Obligation in an aggregate principal amount not to exceed
$11,000,000, for projects related to reconstruction of Port Avenue, and
relocation of Flour Bluff Drive;
WHEREAS, on February 13, 2007, the City Council passed Ordinance 027143,
to provide for issuance of City of Corpus Christi Combination Tax and Utility
System Revenue Certificates of Obligation, Series 2007
WHEREAS, Ordinance 027143 needs to be amended to include all projects
identified in the Notice;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. That Section 1 of Ordinance 027143, authorization of Certificates
of Obligation, is amended to add utility work associated with Port Avenue Street
Reconstruction to the listing of projects being funded by the City of Corpus
Christi, Texas. Combination Tax and Revenue Certificates of Obligation Series
2007
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 this ordinance is
d and takes effc upon first reading as an emergency measure this the
qday of 1)1fj(J , 2007.
ATTEST:
Armando Chapa
City Secretary
THE CITY OF CORPUS CHRISTI
H - my Garr
Mayor
INDEX
APPROVED: March 13, 2007
?mieti
G: ry Smith
Assistant City Attorney
For City Attorney