HomeMy WebLinkAbout027784 ORD - 07/29/2008Page 1 of 1
AN ORDINANCE
AMENDING ORDINANCE NO. 027708 WHICH AUTHORIZED
ISSUANCE OF TAX NOTES IN PRINCIPAL AMOUNT OF $22,260,000,
TO ALLOW FOR THE TRANSFER OF FUNDING BETWEEN THE
INDIVIDUAL APPROVED PROJECTS AS NEEDED, WHILE
REMAINING WITHIN THE AUTHORIZED PRINCIPAL AMOUNT; AND
DECLARING AN EMERGENCY.
Whereas, City Council approved Ordinance No. 027708 which authorized issuance of
tax notes in principal amount of $22,260,000 for certain approved projects, as described
on Schedule I to Ordinance 027708;
Whereas, it is necessary to authorize transfer of funding between the approved projects
described on Schedule I, while remaining within the authorized principal amount;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Ordinance No. 027708 which authorized Issuance of Tax Notes in
Principal Amount of $22,260,000, is amended to allow the City Manager to transfer
funding as needed between individual approved projects listed on Schedule I to
Ordinance 027708, while remaining within the authorized principal amount of
$22,260,000.
SECTION 2. That upon written request of the Mayor or five Council members, copy
attached, the City Council (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance i, passed and takes effect
upon first reading as an emergency measure this the GM grbay of 9/A.6), 2008.
ATTEST: T _ CITY OF C o RPUS CHRISTI
Armando Chapa
City Secretary
APPROVED: July 17, 2008
Lisa Aguilar,( sistant City Attorney
for City Attorney
H:\LEG-DIR1Lisa\2008 ORDINANCES1Amend Ordinance 027708.doc
ry Ga ett
Mayor
027784
Corpus Christi, Texas
�1 Day of
,2008
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance an
emergency exists requiring suspension of the Charter rule as to consideration and
voting upon ordinances at two regular meetings: I/we, therefore, request that you
suspend said Charter rule and pass this ordinance finally on the date it is introduced, or
at the present meeting of the City Council.
Respectfully, Respectfully,
Henry Garr$tt
Mayor
Council Members
The above ordinance was passed by the following vote:
Henry Garrett
Melody Cooper
Larry Elizondo, Sr.
Mike Hummell
0
Bill Kelly
Priscilla G. Leal L
John E. Marez �cuitK.9
Nelda Martinez
Michael McCutchon
027784