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HomeMy WebLinkAbout027271 ORD - 05/15/2007Page 1 of 3 AN ORDINANCE AUTHORIZING $334,000 FROM THE 2005 STREET GENERAL OBLIGATION BOND FUND NO. 3541 TO PAY THE HOGAN DEVELOPMENT COMPANY, LP, REQUEST FOR REIMBURSEMENT OF ONE-HALF OF THE COST OF CONSTRUCTION OF THE EXTENSION OF OSO PARKWAY ADJACENT TO THE PROPOSED CONSERVATION PARK AND APPROPRIATING $177,019.63 FROM THE WATER ARTERIAL TRANSMISSION & GRID MAIN TRUST FUND NO. 540450-21803-4030 TO PAY THE HOGAN DEVELOPMENT COMPANY, LP, REIMBURSEMENT REQUEST FOR THE INSTALLATION OF 3,000 LINEAR FEET OF A 12 -INCH PVC WATER GRID MAIN TO DEVELOP TERRA MAR; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF CORPUS CHRISTI, TEXAS: SECTION 1. That $334,000 is authorized from the Developer Participation Fund of the 2005 Street General Obligation Bond Fund No. 3541 to pay Hogan Development Company, LP; toward one-half of the cost of construction of the extension of Oso Parkway adjacent to the proposed conservation park, located east of the proposed Oso Parkway and between Holly Road and Wooldridge Road. SECTION 2. That $177,019.63 is appropriated from the Water Arterial Transmission & Grid Main Trust Fund No. 540450-21805-4030 to pay Hogan Development Company, LP, for the installation of 3,000 linear feet of a 12 -inch PVC water grid main to develop Oso Parkway as a part of the Terra Mar development, located along the proposed Oso Parkway between Holly Road and Wooldridge Road. SECTION 3. That upon written request of the Mayor or five council members, copy attached. the City Council finds and declares an emergency due to the need for immediate action necessary for the efficient and effective administration of City affairs and suspends the Charter rule that requires consideration of and voting upon ordinances at two regular meetings so that this ordinance is passed and shall take effect upon first reading as an emergency this the 15th of May, 2007. ri L r ._ 7 1 H:\LEG-D I R\Shared\GaryS\agenda\200T5-15\O rd-AppropTerraMar-water-road. doc ATTEST: Armando Chapa City Secretary APPROVED as to form May 11 2007 B ary SMV. Smith Assistant City Attorney For City Attorney Page 2 of 3 CITY OF CORPUS CHRISTI Henry Gartt Mayor H \LEG-DIR\Shared\GaryS\agenda\2007\5-15\Ord-AppropTerraMar-water-road.doc Page 3 of 3 Corpus Christi, Texas Day of , 2007 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, Council Members The above ordinance Henry Garrett Brent Chesney John E Marez Melody Cooper Jerry Garcia Bill Kelly Rex A. Kinnison Jesse Noyola Mark Scott Respectfully, Zry Garr- tt Mayor 71i-ktf-te- was passed by the following vote: 4.( \9-c4'--kt *Sk(tt VV0( AAA\ r H :\LEG -DI R\Shared\GaryS\agenda\2007\5-15\Ord-AppropTerraMar-water-road.doc CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) 1, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized representative), hereby certify to the City Council and other appropriate officers that the money required for the current fiscal year's portion of 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. Future payments are stdhject to annual appropriation by the City Council. City Council Action Date May 15, 2007 Agenda Item: A. Ordinance authorizing $334000 from the 2005 Street General Obligation Bond Fund No. 3541 to pay the Hogan Development Company, LP, request for reimbursement of one-half of the cost of construction of the extension of Oso Parkway adjacent to the proposed conservation park and appropriating $177,019.63 from the Water Arterial Transmission & Grid Main Trust Fund No. 540450-21805-4030 to pay the Hogan Development Company, LP reimbursement request for the installation of 3,000 linear feet of a 12 -inch pvc water grid main to develop Terra Mar; and declaring an emergency. Amount Required $ 511,019 63 Fund Name Fund No. Org. No. Account No. Project No. Amount 2005 Street ClP Fund,. 3541 00000 550910 170099 $334,000.00 Water Grid Trust Fund ` 4030 21805 540450 $177,019.63 Total $511,019.63 Certification Not Required 0 Director of Financial Services Date: /i/ /6 7 n6:..r.,/ riAt'