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HomeMy WebLinkAbout028905 ORD - 12/14/2010Page 1 `of 3 ORDINANCE APPROPRIATING $1,000,000 FROM THE UNRESERVED FUND BALANCE IN THE NO. 1140 BUSINESS/JOB DEVELOPMENT FUND FOR A GRANT FROM THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION TO TEXAS A & M UNIVERSITY — CORPUS CHRISTI FOR EXPANDING, RENOVATING AND EQUIPPING RESEARCH LABORATORIES AT TAMU-CC; CHANGING THE FY 2010-2011 OPERATING BUDGET, ADOPTED BY ORDINANCE NO. 028252 BY INCREASING PROPOSED EXPENDITURES BY $1,000,000; AND DECLARING AN EMERGENCY BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That $1,000,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund is appropriated for a grant from the Corpus Christi Business and Job Development Corporation to Texas A & M University — Corpus Christi for expanding, renovating and equipping research laboratories at TAMU-CC. SECTION 2. That Ordinance No. 028252, which adopted the FY 2010-2011 Operating Fund, is changed to increase proposed expenditures in the No. 1140 Business/Job Development Fund by $1,000,000 for a grant from the Corpus Christi Business and Job Development Corporation to Texas A & M University - Corpus Christi for expanding, renovating and equipping research laboratories at TAMU-CC. 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 up n first rea 'ng as an emergency measure on this the ay of , 2010. ATTEST: ita)-1,9rae Armando Chapa City Secretary TAMU-CC research labs appropord 12102010.doc CITY OF CORPUS CHRISTI Joe044(-61 ame Mayor 028905 INDEXED Page 2'of 3 APPROVED: December 10, 2010 R R:' ing First A sistant CAttorney For City Attorn-y TAMU-CC research labs appropord 12102010.doc Page 3'of 3 Co rp u Christi, ] Texas I4day of Jb-e 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, JoeMme Mayor The above ordinance was passed by the following vote: Joe Adame Chris N. Adler Larry R. Elizondo, Sr. Kevin Kieschnick 74 Priscilla Leal John E. Marez Nelda Martinez Mark Scott Linda Strong TAMU-CC research labs appropord 12102010.doc 028905 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: December 14, 2010 Agenda Item: A. Resolution approving a business incentive agreement for expanding, renovating and equipping research laboratories between the Corpus Christi Business and Job Development Corporation and Texas A & M University — Corpus Christi ("TAMU-CC"), which provides a grant of up to $1,000,000, for expanding its research activities at TAMU-CC over a five year period and authorizing the City Manager, or designee, to execute a business incentive project support agreement with the Corpus Christi Business and Job Development Corporation regarding implementation and administration of the TAMU-CC business incentive agreement for expanding, renovating and equipping research laboratories B. Ordinance appropriating 1,000,000 from the unreserved fund balance in the No. 1140 Business/Job Development Fund for a grant from the Corpus Christi Business and Job Development Corporation to Texas A & M University - Corpus Christi for expanding, renovating and equipping research laboratories at TAMU- CC; changing the FY 2010-2011 operating budget, adopted by Ordinance No. 028252 by increasing proposed expenditures by $1,000,000; and declaring an emergency Amount Required: $1 000 000 Fund Name Fund No. Org. No. Account No. Project No. Amount CCBJDC 1140 1`594-6 530084 $ 1,000,000 OooDU 2 rj I eSa $ $ $ $ $ Total $ ❑ Certification Not Required C Director of Financial Services Date: 12 -, o