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HomeMy WebLinkAbout028918 ORD - 01/11/2011Page 1 of 3 ORDINANCE TRANSFERRING AND APPROPRIATING $500,000.00 OF THE UNAPPROPRIATED FUND BALANCE IN THE NO. 1111 REINVESTMENT ZONE NO. 2 FUND INTO THE NO. 3278 PACKERY CHANNEL PROJECTS TIF #2 FUND FOR THE PACKERY CHANNEL MAINTENANCE DREDGING AND BEACH NOURISHMENT PROJECT AND THE PACKERY CHANNEL PHASE 2 PARKING AND OVERLOOKS PROJECT; CHANGING THE FY 2010-2011 OPERATING BUDGET ADOPTED BY ORDINANCE NO. 028683 BY INCREASING APPROPRIATIONS AND EXPENDITURES BY $500,000 EACH; CHANGING THE FY 2009 - 2010 CAPITAL BUDGET ADOPTED BY ORDINANCE NO. 028449 BY INCREASING PROPOSED EXPENDITURES AND REVENUES BY $500,000 EACH; AND DECLARING AND EMERGENCY BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. An amount of $500,000.00 of the Unappropriated Fund Balance in the No. 1111 Reinvestment Zone No. 2 Fund is transferred and appropriated into the No. 3278 Packery Channel Projects TIF #2 Fund for the Packery Channel Maintenance Dredging and Beach Nourishment Project and the Packery Channel Phase 2 Parking and Overlooks Project. SECTION 2. The FY 2010-2011 Operating Budget adopted by Ordinance No. 028683 by is changed by increasing appropriations and expenditures by $500,000.00 each. SECTION 3. The FY 2009 - 2010 Capital Budget adopted by Ordinance No. 028449 is changed by increasing proposed expenditures and revenues by $500,000.00 each. SECTION 4. 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 passed and takes effect upon first reading as an emergency measure on this the 11th day of January, 2011. 028918 011110 ORD APP $500,000 for 2 Packery Channel Projects INDEXED ATTEST: Armando Chapa City Secretary APPROVED AS TO FORM: 17 -Dec -10 /Aid\ Alb Veronica Ocanas Assistant City Attorney For City Attorney 011110 ORD APP $500,000 for 2 Packery Channel Projects Page 2 of 3 CITY OF CORPUS CHRISTI Joe -',41(41"ee ame Mayor Page 3 of 3 Corpus Christi, Texas //day o , 2010 TO THE ME 'BERS 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. Respecffully, Respecffully, e(ga,/i/401ete Joe Adatne Mayor The above ordinance was passed by the following vote: Joe Adame Chris N. Adler Larry Elizondo, Sr. Kevin Kieschnick Priscilla G. Leal John E. Marez Nelda Martinez Mark Scott Linda Strong 011110 ORD APP $500,000 for 2 Packery Channel Projects 028918 CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) I, 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. City Council Action Date: January 11, 2011 AGENDA ITEM: a. Ordinance Transferring and Appropriating $500,000.00 of the Unappropriated Fund Balance in the No. 1111 Reinvestment Zone No. 2 Fund into the No. 3278 Packery Channel Projects TIF #2 Fund for the Packery Channel Maintenance Dredging and Beach Nourishment Project and the Packery Channel Phase 2 Parking and Overlooks Project; Changing the FY 2010-2011 Operating Budget, Adopted by Ordinance No. 028683, by increasing Expenditures by $500,000; Changing the FY 2009 -.2010 Capital Budget, Adopted by Ordinance No. 028449, by increasing Revenues and Expenditures by $500,000 each; and Declaring an Emergency. Amount Certified: $500,000.00 Fund Name Account No. Fund No. Org. No. Project No. Amount Reinvestment Zone No. 2 Fund 251850 1111 00000 El 0194 $500,000.00 Total $500,000.00 Certification Not Required frDirector of Financial Services Date: 1-5-- 2 o H H:1HON[EIKEVINSIGEMPACKERY1E10168PackeryChannelHeachNourishmem&Dredging2010 AEAmd11AGENDA I COVER.doc