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HomeMy WebLinkAbout027758 ORD - 07/15/2008AN ORDINANCE APPROPRIATING $1,856,054 FROM THE UNRESERVED FUND BALANCE IN PASSENGER FACILITY CHARGE FUND NO. 4621 AND TRANSFERRING AND APPROPRIATING $1,076,812 INTO THE AIRPORT 2000A DEBT SERVICE FUND NO. 4640 AND $779,242 INTO THE AIRPORT 2000B DEBT SERVICE FUND NO. 4641 FOR DEBT SERVICE ON AIRPORT IMPROVEMENTS; CHANGING THE FY2007-2008 CAPITAL BUDGET ADOPTED BY ORDINANCE NO. 027546 TO INCREASE APPROPRIATIONS BY $1,856,054; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, THAT: SECTION 1. Funds, in the amount of $1,856,054, are appropriated from the un- reserved fund balance in Passenger Facility Charge Fund No. 4621 and are trans- ferred and appropriated for debt service on airport improvements as follows: (1) $1,076,812 into the Airport 2000A Debt Service Fund No. 4640 and (2) $779,242 into the Airport 2000B Debt Service Fund No. 4641. SECTION 2. The FY2007-2008 Capital Budget, adopted by Ordinance No. 027546, is changed to increase appropriations by $1,856,054. SECTION 3. Upon the 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 a ed and takes effect upon fj{st r;ading as an emergency measure on this the day of ATTEST: u v( 2008. Armando Chapa City Secretary APPROVED: July 3, 2008 c/ .i /_4, izatth R. Hundle Assi ant City Attorney for the City Attorney EHord237.doc CI OF CORPUS CHRISTI Hery Gar -tt Mayor 027758 Corpus Christi, Texas �J day of qutt , 2008 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: 1/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, Council Members The above ordinance was passed by the following vote: Henry Garrett Melody Cooper Larry Elizondo, Sr. Mike Hummel) Bill Kelly Priscilla G. Leal John E. Marez Nelda Martinez Michael McCutchon CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) 1, 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: Angest-29; 2666 Jt, (5, 2�a+8` Agenda Item: Ordinance appropriating $1,856,0 from the unreserved fund balance in Passenger Facility Charge Fund No. 4621 and transferring 1,076,812 into the Airport 2000A Debt Service Fund No. 4640 and $779,242 into the Airport 2000B Debt Service Fund No. 4641. for Debt Service on Airport Improvements; changing the FY2007-2008 Capital Budget adopted by Ordinance No. 027546 to increase appropriations by $1,856,054; and declaring an emergency. Amount Required: $ 1,856.054 Fund Name Fund No. Org. No. Account No. Project No. Amount Passenger Facility Charge Fund 4621 251850 $1,856,054 $ $ $ Total $1,856,054 1-8.0 - Director of Fina Services Date: 7/9101