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ORDINANCE
ADVANCING UP TO $2,000,000.00 FROM THE NO. 1020 GENERAL
FUND AND APPROPRIATING INTO THE NO. 3128 MEMORIAL
COLISEUM DEMO 2010 CO FUND FOR EXPENDITURES RELATED
TO THE MEMORIAL COLISEUM DEMOLITION; PROVIDING FOR
REPAYMENT OF THE ADVANCED AMOUNT UP TO $2,000,000.00 TO
THE 1020 GENERAL FUND FROM THE SALE OF CERTIFICATES OF
OBLIGATION; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That up to $2,000,000.00 is advanced from the No. 1020 General Fund to
and appropriated into the No. 3128 Memorial Coliseum Demo 2010 CO Fund for
expenditures related to the Memorial Coliseum demolition.
SECTION 2. That the advanced amount of up to $2,000,000.00 appropriated from the
No. 1020 General Fund be repaid to the No. 1020 General Fund from and upon the sale
of certificates of obligation without further action or appropriation by the City Council.
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 ,sed and takes effect
upon frst reading as an emergency measure on this the e1,?: --day of
, 2010.
ATTEST:
Armando Chapa
City Secretary
APPROVED: February 17, 2010
V)
• 441
Lisa Agui
j
Interim City Attorney
CITY OF CORPUS CHRISTI
Mayor
a
Joe me
028498
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Corpus Christi, Texas
,may ofj
, 2010
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,
72/447
Jo dame
Mayor
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney 1\10
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
028498
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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: February 23, 2010
B. Ordinance advancing up to $2,000,000 from the No. 1020 General Fund and
appropriating into the No. 3128 Memorial Coliseum Demo 2010 CO Fund for
expenditures related to the Memorial Coliseum Demolition; providing for repayment
of the advanced amount up to $2,000,000 to the No. 1020 General Fund from the
sale of certificates of obligation.
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
Memorial Coliseum Demo 2010
8
3428
00000
E10001
$2,000,000
10(100
ia,a-u
C0000
Total
$2,000,000
Certification Not Required
C,sem—, _ - `13
Director of Financial Services
Date: - f
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