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Home My WebLink About027774 ORD - 07/22/2008ORDINANCE APPROPRIATING $13,462,290.54 OF UNAPPROPRIATED INTEREST EARNINGS FROM THE CAPITAL IMPROVEMENT PROJECTS (CIP) BOND FUNDS LISTED IN EXHIBIT A OF THIS ORDINANCE, INCLUDING STREETS CIP, WATER CIP, STORMWATER CIP, WASTEWATER CIP, GAS CIP, PARKS CIP , PUBLIC HEALTH & SAFETY CIP, LANDFILL CIP, BAYFRONT DEVELOPMENT CIP, PACKERY CHANNEL CIP, MUSEUM CIP AND POLICE BUILDING CIP, FOR SAME OR SIMILAR CIP PROJECTS AS ALLOWED BY THE BOND COVENANTS; CHANGING THE FY 2007-2008 CAPITAL BUDGET ADOPTED BY ORDINANCE NO. 027546 BY INCREASING APPROPRIATIONS BY $13,462,290.54 AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That $13,462,290.54 of unappropriated interest earnings from the Capital Improvement Projects Funds listed in Exhibit A of this ordinance is appropriated for same or similar CIP projects as allowed by the bond covenants. SECTION 2. That the FY 2007-2008 operating budget adopted by Ordinance 027352 is changed to increase appropriations by $13,462,290.54. 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 and takes effect upon first reading as an emergency measure this the 22nd day of July, 2008. ATTEST: Armando Chapa City Secretary Mayor APPROVED: July 14, 2008 TH CITY OF CORPUS CHRISTI Lisa AguilarAssistant City Attorney for City Attorney 027774 Corpus Christi, Texas Day of , 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: 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, enry Ga ett Mayor 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 027774 STREETS No. 3538 Street 1995B CIP Fund No. 3411B Steet 2000 Clip Fund No. 3540 Street 2001 CIP Fund No. 3541 Street 2005 CIP Fund No. 3542 Steet 2007A-1 CIP Fund No. 3543 Street 2007A-1 CIP Fund No. 3544 Street 2007A CIP Fund WATER No. 4080 Water CIP Fund No. 4083 Water 1999 CIP Fund No. 4084 Water 2002 CIP Fund No. 4085 Water 2004 CIP Fund No. 4086 Water 2007A- 1 CIP Fund No. 4090 Water2000 CIP Fund STORM WATER No. 3480 Storm Water CIP Fund No. 3487 Storm Water 2002 CIP Fund No. 3488 Storm Water 2004 CIP Fund No. 3489 Storm Water 2007A-1 C!P Fund No. 3492 Storm Water 2006 CIP Fund WASTEWATER No. 3430 Wastewater CIP Fund No. 4240 Wastewater 1994A CiP Fund No. 4242 Wastewater 1995A CIP Fund No, 4243 Wasewater 1999A CIP Fund No. 4244 Wastewater 2002 CIP Fund No. 4245 Waste Water 2004 CIP Fund No. 4248 Waste Water 2007A-1 CIP Fund No. 4250 Wastewater 2006 CIP Fund No. 3600 Gas CIP Fund No. 4150 Gas 2008 CIP Fund PARKS No. 3280 Park CIP Fund No. 3289 Park & Rec 2005 CIP Fund pIBLJC HEALTH & SAFETY No. 3350 Public Health & Safety CIP Fund No. 3358 Public Health & Safety 2001 CIP Fund No. 3360 Public Health & Safety 2005 CIP Fund No. 3363 Public Health & Safety2007A CIP Fund LANDFILL No. 3357 Public Health & Safety 1095B CIP Fund No. 3411 Sanitary Landfill 2000 CIP Fund No. 3359 Public Health & Safety 2004 CIP Fund No. 3361 Public Health & Safety 2005 CIP Fund No. 3362 Sanitary Landfill 2008 CIP Fund MISCELLANEOUS No. 3123 Bayfront Development 2005 CIP Fund No. 3124 Bayfront Development 2007A CIP Fund No. 3277 Packery Channel CIP Fund No. 3262 Museum 2005 CIP Fund No. 3340 Pdice Building CIP Fund JNTEREST $1,102.54 524,148.30 813,679.76 $4,734,535.44 $160,273.28 8105,857.17 $720,911.52 $5 780,306.01 53,861.85 $48,700.87 $332,342.35 $256,880.58 $27,198.70 $876,186.77 51,345,171.12 $24,124.36 $22,381.91 $179,364.08 5127,500.82 $58.680.80 $412031.97 $284,293.33 847,015.35 $873,429.86 51,782.38 $270,804.19 $83,848.09 518,872.05 8461,510.57 $1,850,335.82 542,892.34 561,473.48 5104,365.82 $30,711.49 5678,950.33 $709,661.82 $4,073.48 $24,132.85 $23,654.97 $70,481.04 5122,342.32 $13,880.63 $330,225.44 5254,203.80 $479,743.38 $1,320,481.60 $2,398,534.83 $56,866.65 5508,124.47 $187,877.05 $1,717.36 $4,955.30 $759,540.83 513,482,290.54 CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) I, 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 subject to annual appropriation by the City Council. City Council Action Date July 22, 2008 Agenda Item: Ordinance appropriating $13,462,290.54 of unappropriated interest earnings from the Capital Improvement Projects (CIP) Bond Funds listed in Exhibit A of this ordinance, including Streets CIP, Water CIP, Stormwater CIP, Wastewater CIP, Gas CIP, Parks CTP, Public Health and Safety CIP, Landfill CIP, Bayfront Development CIP, Packery Channel CIP, Museum CIP and Police Building CIP, for same or similar CIP projects as allowed by the bond covenants; changing the FY 2007-2008 Capital Budget adopted by Ordinance No. 027546 by increasing appropriations by $13,462,290.54; and declaring and emergency. Amount Required: $ 13 462 290.54 Fund Name See Attached Schedule Fund No. Org. No. Account No. Project No. Amount Total Certification Not Required $13,462,290.54 C L Director of Financial Services Date: '7- ► y- o 8"