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HomeMy WebLinkAbout028944 ORD - 02/08/2011Page 1 of 3 ORDINANCE APPROPRIATING $17,500 FROM THE UNRESERVED FUND BALANCE IN THE NO. 1130 ARENA FACILITY FUND FOR A GRANT FROM THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION TO THE CORPUS CHRISTI CONVENTION AND VISITORS BUREAU FOR A STUDY OF NEEDED EXPANSION AND IMPROVEMENTS TO THE AMERICAN BANK CENTER (INCLUDING POTENTIAL EXPANSION OF THE ARENA) AND CONSTRUCTION OF A CONVENTION CENTER HOTEL; CHANGING THE FY 2010-2011 OPERATING BUDGET, ADOPTED BY ORDINANCE NO. 028252 BY INCREASING PROPOSED EXPENDITURES BY $17,500; AND DECLARING AN EMERGENCY WHEREAS, the voters of Corpus Christi adopted a 1/8 cents sales tax to the promotion, construction, maintenance, and operation of a multipurpose arena in 2000; WHEREAS, the sales tax revenues are administered by the Corpus Christi Business and Job Development Corporation ("Corporation"), under the Texas Development Corporation Act, Subtitle C1 of Title 12, Texas Local Government Code; WHEREAS, on January 17, 2011, the Board of Directors of the Corporation authorized the expenditure of $17,500 from its Arena facility funds for grant to the Corpus Christi Convention and Visitors Bureau ("CCCVB") to cover'/ of the costs of a study of needed expansion and improvements to the American Bank Center (including potential expansion of the Arena) and construction of a convention center hotel; WHEREAS, Section 501.073, Texas Local Government Code, requires the City Council to approve all programs and expenditures of the Corporation; and WHEREAS, the City Council believes that it is in the best interests of the citizens of Corpus Christi, Texas that the Corporation use its available arena funds to assist the CCCVB's study of needed expansion and improvements to the American Bank Center (including potential expansion of the Arena) and construction of a convention center hotel and approves that expenditure; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That $17,500 from the unreserved fund balance in the No. 1130 Arena Facility Fund is appropriated for a grant from the Corporation to the CCCVB to pay a portion of the costs of a study of needed expansion and improvements to the American Bank Center (including potential expansion of the Arena) and construction of a convention center hotel. SECTION 2. That Ordinance No. 028252, which adopted the FY 2010-2011 Operating Fund, is changed to increase proposed expenditures in the No. 1130 Arena Facility Fund by $17,500 for a grant from the Corporation to the CCCVB for a portion of the CCCVB ABC study appropord 01272011 028944 INDEXED Page 2 of 3 costs of a study of needed expansion and improvements to the American Bank Center (including potential expansion of the Arena) and construction of a convention center hotel. 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 sassed and takes effect upop fist reading as an emergency measure on this the 1 day of r.. ,2011. ATTEST: Armando Chapa City Secretary APPROVED: January 27, 2011 R. Jz ' Dining First Assistant City Attorney For City Attorney CCCVB ABC study appropord 01272011 CITY OF CORPUS CHRISTI Apeaderee Joe ame Mayor Page 3 of 3 Corpus Christi, Texas 0 -day of14GILUl.2011 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, The above ordinance was passed by the following vote: Joe Adame v Chris N. Adler Larry R. Elizondo, Sr. Kevin Kieschnick Priscilla Leal John E. Marez ,C Nelda Martinez Mark Scott Linda Strong CCCVB ABC study appropord 01272011 028944 II, 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 CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Charter Article IV, Sections 7 & 8) annual appropriation by the City Council. Council Action Date: February 8, 2011 genda Item: ,Ordinance appropriating $17,500 from the unreserved fund balance in the No. 1130 Arena Facility Fundfor a grant from the. Corpus Christi Business and Job Development Corporation to the Corpus Christi Convention and Visitors Bureau for a study of needed expansion and improvements to the American Bank Center(including potential expansion of the Arena) and construction of a convention center hotel; changing the FY 2010-2011 operating budget, adopted by Ordinance No. 028252 by increasing proposed expenditures by $17,500; and declaring an emergency. Amount Required: $17,500 Fund Name Arena Facility Fund Total Account No. a51s5O Certification Not Required Fund No. 1130 Org. No. a Project No. i -re- Director of Financial Services Date: I -3I -II Amount $17,500 $17,500