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HomeMy WebLinkAbout027777 ORD - 07/22/2008ORDINANCE TO RATIFY INCREASE OF $5,150,870 IN PROPERTY TAX REVENUES FROM LAST YEAR'S OPERATING BUDGET AS REFLECTED IN THE 2008-2009 OPERATING BUDGET. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the City Council ratifies the increase of $5,150,870 in property tax revenues from last year's operating budget as reflected in the 2008-2009 Operating Budget. 027777 Requested Council Date: 07/22/08 Alternate Date: 07/2910.8 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. Agenda Item: (A) ORDINANCE APPROPRIATING $110,015.31 FOR THE PURCHASE OF LIBRARY FURNITURE FOR THE NEW SOUTHSIDE LIBRARY FROM THE FOLLOWING SOURCES: $8,489.37 FROM UNAPPROPRIATED INTEREST EARNINGS FROM THE LIBRARY 2005 CIP FUND NO. 3224 AND $101,525.94 FROM UNAPPROPRIATED INTEREST EARNINGS FROM THE LIBRARY 2007A CIP FUND NO. 3225; CHANGING FY 2007-2008 CAPITAL BUDGET ADOPTED BY ORDINANCE NO. 027546 TO INCREASE APPROPRIATIONS BY $110,015.31; AND DECLARING AN EMERGENCY. Amount Required: $101,525.94 Fund Name Fund No. Org. No. Account No. Project No. Amount Library 2007A CIP Fund 3225 00000 120090 $101,525.94 '550720 25-!St21 Total $101,525.94 Not required Director of Finan es Date: That the foregoing ordin ce was read for the fir t time and passed to its second reading on this the %Dday of , 2008, by the following vote: Henry Garrett Priscilla G. Leal Melody Cooper John E. Marez Larry Elizondo, Sr. Nelda Martinez Mike Hummel! +// Michael McCutchon Bill Kelly That the forgoing ordinanc was read for the second time and passed finally on this the 42 ay of , 2008, by the following vote: Henry Garrett Priscilla G. Leal __AL___ Melody Cooper John E. Marez n Larry Elizondo, Sr. Nelda Martinez Mike Hummel! Michael McCutchon gtd/A4,1— Bill Kelly PASSED AND APPROVED, this theoW ay of ATTEST: iehy%-19reir Armando Chapa City Secretary APPROVED as to form: July 8, 2008 By: Jj)>i Lisa Aguilar U Assistant City Attorney For City Attorney , 2008. H-nry Garr Mayor 027777 EFFECTIVE DATE AktS4.,—, ��og