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ORDINANCE
APPROPRIATING AND RESTRICTING $83,250.49 (AND THE
ACCRUED INTEREST) IN THE INTEREST-BEARING
INFRASTRUCTURE TRUST FUND NO. 4730 TO REIMBURSE
WAL-MART REAL ESTATE BUSINESS TRUST (DEVELOPER)
UPON COMPLETION OF DUNBARTON OAK DRIVE AND
RELATED STORM WATER IMPROVEMENTS, IN ACCORDANCE
WITH SECTION IV, PARAGRAPH A, SUBPARAGRAPH 12 OF
THE PLATTING ORDINANCE; AND DECLARING AN
EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. An amount of $83,250.49 (and the accrued interest) is appropriated
in the interest-bearing Infrastructure Trust Fund No. 4730 and restricted for
reimbursing Wal-Mart Real Estate Business Trust (Developer) upon completion of
Dunbarton Oak Drive and related storm water improvements, in accordance with
Section IV, Paragraph A, Subparagraph 12 of the Platting Ordinance.
SECTION 2. Upon written -request of-the-Mayor-or-five-Council-memberscopy
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 on this the 17th day of
August, 2010.
ATTEST:
Armando Chapa
City Secretary
APPROVED AS TO FORM: 3 -Aug -10
Alma,
Veronica Ocanas
Assistant City Attorney
For City Attorney
CITY OF CORPUS CHRISTI
/0"d"E
Joe Adan
e
Mayor
02R726
081710 ORD APP $83,250.49 to reimburse Wal-Mart Real Estate Trust - Cimarron Estates Subdivision
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Corpus Christi, Texas
1M -hay of
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,
-(9a-Z'Cia/-01,42
Joe Adapt ie
Mayor
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
028726
081710 ORD APP $83,250.49 to reimburse Wal-Mart Real Estate Trust - Cimarron Estates Subdivision
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: August 17, 2010
a. Ordinance appropriating $83,250.49, held in an interest-bearing account in the Infrastructure
Fund for the Cimarron Estates Subdivision Developer's share of the future construction of
Dunbarton Oak Drive and related storm -sewer improvements; and declaring an emergency.
Amount Required: $83,250.49
Fund Name
Fund No.
Org. No.
Account No.
Project No.
Amount
Infrastructure
4730
,C7:3Ir. %
$ 83,254.49
Total
$83,250.49
❑ Certification Not Required
Director of Financial Services
Date: g-rr�,o