HomeMy WebLinkAbout029144 ORD - 07/26/2011Page 1 of 2
ORDINANCE
APPROPRIATING $490,548.91 IN BOND PROCEEDS INTEREST
EARNINGS AND BONDING COMPANY SETTLEMENT PROCEEDS FOR
BAYFRONT, PUBLIC HEALTH AND SAFETY, LIBRARY, MUSEUM,
PARKS, AND STREETS IN THE FUNDS AS LISTED IN ATTACHMENT
1, SECTION 2 FOR THE STATED BOND PROJECTS NOT YET
COMPLETE, SIMILAR PROJECTS TO BE APPROVED BY CITY
COUNCIL, AND FOR THE PAYMENT OF DEBT SERVICE; CHANGING
THE FY 2010-2011 CAPITAL IMPROVEMENT BUDGET ADOPTED BY
ORDINANCE NO. 028995 TO INCREASE EXPENDITURES BY
$490,548.91; AND DECLARING AN EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. An amount of $490,548.91 in Bond Proceeds interest earnings and bonding
company settlement proceeds for Bayfront, Public Health and Safety, Library, Museum,
Parks, and Streets in the funds as listed in Attachment 1, Section 2 is appropriated for the
stated bond projects not yet complete, similar projects to be approved by City Council,
and for the payment of debt service.
SECTION 2. The FY 2010-2011 Capital improvement Budget adopted by Ordinance No.
028995 is changed to increase expenditures by $490,548.91.
SECTION 3. 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 26th day of July, 2011.
ATTEST:
CITY OF CORPUS CHRISTI
-�-�� �
p -
Armando Cha a Joe A ame
City Secretary Mayor
APPROVED AS T ' FORM: 14 -Jul -11
Veronica Ocanas
Assistant City Attorney
For City Attorney
072611 ORD APP $490,548.91 in BOND PROCEEDS
029144
INDEXED
Page 2 of 2
Corpus Christi, Texas
day of
, 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: Ilwe, 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
Chris N. Adler
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla G. Leal
John E. Marez
Nelda Martinez
Mark Scott
David Loeb
072611 ORD APP $490,548.91 in BOND PROCEEDS
029144
ATTACHMENT ONE
Unappropriated Proceeds as of May 31, 2011
Fund #
SECTION I: AIRPORT
Unappropriated
Interest/Other
-
Fund #
Description
Unappropriated
Interest/Other
Required Uses
3124
Bayfront 2007 GO (Bond Issue 2004)
1,440.24
1 Approved Bond Projects Not Complete
3020
Airport CIP Fund - Grants
33,387.30
City Match for FAA Grant Projects
3020A
Airport CIP Fund Capital Reserve
678.23
_
City Match for FAA Grant Projects
3024
Airport 2000A Revenue Bond
11,851.42
City Match for FAA Grant Projects
AIRPORT CIP UNAPPROPRIATED TOTAL:
45,916.95
3363
Public H & S 2007 GO (Bond Issue 2004)
519.48
All Projects Complete - Funds Available
SECTION 2: BOND PROCEEDS
Health Dept 2009 GO (Bond Issue 2008)
1,249.58
IFICATES OF OBLIGATION (CO)/ TAX ANTICIPATION NOTE
ATTACHMENT 1
Page 1 of 3
Fund #
Description
Unappropriated
Interest/Other
1
Requirement / Staff Recommendation
3124
Bayfront 2007 GO (Bond Issue 2004)
1,440.24
1 Approved Bond Projects Not Complete
3125
Bayfront 2008 TN
69,357.99
Approved Bond Projects Not Complete
3126
Bayfront 2009 GO (Bond Issue 2008)
58,504.84
1 Approved Bond Projects Not Complete
3127
Bayfront 2009 CO (Bond Issue 2004)
13,037.05
_
Approved Bond Projects Not Complete
BAYFRONT UNAPPROPRIATED TOTAL:
142,340.12
3363
Public H & S 2007 GO (Bond Issue 2004)
519.48
All Projects Complete - Funds Available
3371
Health Dept 2009 GO (Bond Issue 2008)
1,249.58
Approved Bond Projects Not Complete
3191
Fire 2009 GO (Bond Issue 2008)
19,748.20
Approved Bond Projects Not Complete
3341
Police 2009 GO (Bond Issue 2008)
7,857.59
Approved Bond Projects Not Complete
3362
Landfill 2006 Certification of Obligation
1,441.94
Approved Bond Projects Not Complete
3364
Public H & S 2008 TN
3,604.59
Approved Bond Projects Not Complete
3365
Landfill 2008 Certification of Obligation
24,308.35
Approved Bond Projects Not Complete
PUBLIC H & S UNAPPROPRIATED TOTAL:
58,729.73
3225
Library 2007 GO (Bond Issue 2004)
19.42
All Projects Complete - Funds Available
3226
Library 2009 GO (Bond Issue 2008)
4,021.53
Approved Bond Projects Not Complete
LIBRARY UNAPPROPRIATED TOTAL:
4,040.95
3263
Museum 2009 GO (Bond Issue 2008)
690.10
Approved Bond Projects Not Complete
3289
Park 2005 GO (Bond Issue 2004)
1,305.44
All Projects Complete - Funds Available
3290
Park 2008 TN
10,257.46
Approved Bond Projects Not Complete
3291
Park 2009 GO (Bond Issue 2008)
10,991.46
Approved Bond Projects Not Complete
3292
Park 2010 GO (Bond Issue 2008)
23,625.12
Approved Bond Projects Not Complete
PARKS UNAPPROPRIATED TOTAL:
46,179.48
3541
Street 2005 GO (Bond Issue 2004)
10,050.56
Approved Bond Projects Not Complete
3545
Street 2008 TN
3,280.94
Approved Bond Projects Not Complete
3546
Street 2009 GO (Bond Issue 2008)
220,081.47
Approved Bond Projects Not Complete
3547
Street 2009 CO (Holly Road Overlay)
5,155.56
Approved Bond Projects Not Complete
STREETS UNAPPROPRIATED TOTAL:
238,568.53
BOND PROCEEDS UNAPPROPRIATED TOTAL:
490,548.91
ATTACHMENT 1
Page 1 of 3
SECTION 3:'REVENUE BONDS
Fund #
Description
Unappropriated
Interest/Other
Requirement / Staff Recommendation
3480
Storm Water CIP Fund
54,128.17
Available for Current Year CIP
3492
Storm Water 2006 Revenue Bond
389.65
Available for Current Year CIP
4525
Storm Water 2009 Revenue Bond
513.40
Available for Current Year CIP
4526
Storm Water 2009 Revenue Bond (Bond Issue 2008)
10,009.85
Available for Current Year CIP
4528
Storm Water 2010 Revenue Bond (Tax Exempt BAB)
5,043.99
Available for Current Year CIP
4529
Storm Water 2010b Revenue Bond (Taxable BAB)
24,485.52
Available for Current Year CIP
STORM WATER CIP UNAPPROPRIATED TOTAL:
94,570.58
4551
Gas 2009 Revenue Bond (Bond issue 2008)
1,136.44
Available for Current Year CIP
4554
Gas 2010b Revenue Bond (Taxable BAB)
359.42
Available for Current Year CIP
GAS CIP UNAPPROPRIATED TOTAL:
1,495.86
4080
Water CIP Fund
773,024.48
Available for Current Year CIP
4090
Water 2006 Revenue Bond
0.15
Available for Current Year CIP
4475
Water 2009 Revenue Bond
217.06
Available for Current Year CIP
4476
Water 2009 Revenue Bond (Bond Issue 2008)
4,219.42
Available for Current Year CIP
4478
Water 2010 Revenue Bond (Tax Exempt BAB)
4,306.40
Available for Current Year CIP
4479
Water 2010b Revenue Bond (Taxable BAB)
18,249.65
Available for Current Year CIP
WATER CIP UNAPPROPRIATED TOTAL:
800,017.16
3430
Wastewater CIP Fund
5,484.18
Available for Current Year CIP
4250
Wastewater 2006 Revenue Bond
228.58
Available for Current Year CIP
4500
Wastewater 2009 Revenue Bond
113.42
Available for Current Year CIP
4501
Wastewater 2009 Revenue Bond (Bond Issue 2008)
1,576.24
Available for Current Year CIP
4503
Wastewater 2010 Revenue Bond (Tax Exempt BAB)
7,014.71
Available for Current Year CIP
4504
Wastewater 2010b Revenue Bond (Taxable BAB)
21,736.26
Available for Current Year CIP
4510
Wastewater Capital Reserves
296.70
Available for Current Year CIP
WASTEWATER CIP UNAPPROPRIATED TOTAL:
36,450.09
REVENUE BONDS CIP UNAPPROPRIATED TOTAL:
932,533.69
SECTION 4: SPECIALITY BOND PROCEEDS
TEXAS MILITARY LOAN (TML) / TAX INCREMENT FINANCING (TIF)
SALES TAX SUPPORTED BONDS / GENERIC CAPITAL IMPROVEMENT PROGRAM FUNDS (CIP)
Fund #
Description
Unappropriated
Interest/Other
Requirement / Staff Recommendation
3489
Storm Water 2007 TML (North Port)
8,014.62
Approved Bond Project Not Complete
4086
Water 2007 TML (North Port)
283.80
Approved Bond Project Not Complete
4246
Wastewater 2007 TML (North Port)
1,239.17
Approved Bond Project Not Complete
3542
Street 2007 TML (North Port)
3,088.75
Approved Bond Project Not Complete
3543
Street 2007 TML (NAS AICUZ)
5,103.33
Restricted Fund for Military Projects
TML UNAPPROPRIATED TOTAL:
17,729.67
3270
Seawall Bond Fund
876.22
Administered by Type A Board
3271
Seawall System CIP Fund
2,353.98
Administered by Type A Board
SALES TAX BOND UNAPPROPRIATED TOTAL:
3,230.20
3278
Packery Channel TIF Fund
1,339.34
Approved TIF Project Not Complete
ATTACHMENT 1
Page 2 of 3
SECTION 4:' SPECIALITY BOND PROCEEDS (continued)
'
Unappropriated
Interest/Other
Requirement / Staff Recommendation
3210
Library CIP Fund
4,480.95
Available for Current Year CIP
3280
Park CIP Fund
2,873.47
Available for Current Year CIP
3530
Street CIP Fund
328,200.39
Available for Current Year CIP
3600
Gas CIP Fund
470.39
Available for Current Year CIP
3,601.84
GENERIC CIP FUND UNAPPROPRIATED TOTAL:
336,025.20
4,839.19
SPECIALITY BOND UNAPPROPRIATED TOTAL:
358,324.41
SECTION 6: OTHER UNAPPROPRIATED FUNDS
Fund #
Description
Unappropriated
Interest/Other
Requirement 1 Staff Recommendation
SECTION 5: OLDER BOND FUNDS (ISSUED PRIOR TO 2006
Fund #
Description
Unappropriated
Interest/Other
Requirement / Staff Recommendation
3359
Public Health & Safety 2004 CO
186.53
Older Fund Recommend Closing
3361
Public H & S 2005 Certificate of Obligation
804.26
Older Fund Recommend Closing
4084
Water 2002 Revenue Bond
246.56
Older Fund Recommend Closing
4242
Wastewater 1995 State Revolving Fund
3,601.84
Older Fund Recommend Closing
OLDER BOND FUNDS UNAPPROPRIATED TOTAL:
4,839.19
SECTION 6: OTHER UNAPPROPRIATED FUNDS
Fund #
Description
Unappropriated
Interest/Other
Requirement 1 Staff Recommendation
Street Assessments
115,838.66
Approved Assessment Projects
Street Closures
301,227.25
Approved Assessment Projects
OTHER UNAPPROPRIATED FUNDS TOTAL:
417,065.91
SECTION 7: INFRASTRUCTURE FUND
Acct #
Description
Unappropriated
Interest/Other
Requirement / Staff Recommendation
330859
Acushnet Drive
2,651.78
Approved Deferred Street Construction
330332
Cimarron Park
8,792.60
Approved Deferred Street Construction
330928
Country Creek #5
9,008.45
Approved Deferred Street Construction
330885
Country Creek #3
6,745.12
Approved Deferred Street Construction
330257
Coves @ Lego Vista
3,204.30
Approved Deferred Street Construction
330857
Cullen Place
5,408.66
Approved Deferred Street Construction
330765
Drainage Channel 31
228.29
Approved Deferred Street Construction
330785
Dunbarton Oaks
33,041.51
Approved Deferred Street Construction
330913
Homedale Addition
3,199.32
Approved Deferred Street Construction
330854
Kitty Hawk
709.13
Approved Deferred Street Construction
341040
Legends of Diamante
361.58
Approved Deferred Street Construction
330889
Mariposa Subdivision
15,993.39
Approved Deferred Street Construction
330259
Navigation Pointe
9,748.80
Approved Deferred Street Construction
330835
Oso Pkwy
1,866.53
Approved Deferred Street Construction
330806
Rancho Las Brisas
181.40
Approved Deferred Street Construction
330853
Rancho Vista
763.71
Approved Deferred Street Construction
341040
RRAH Corpus Christi
217.82
Approved Deferred Street Construction
330400
Saratoga Center Block 1
2,904.49
Approved Deferred Street Construction
330925
Scogin Creek, Unit 5
11,917.17
Approved Deferred Street Construction
330903
Shoreline Oaks
6,291.12
Approved Deferred Street Construction
330388
St. Maria Stella Subdivision
2,747.90
Approved Deferred Street Construction
330204
Traffic Congestion
1,470.75
Approved Deferred Street Construction
330905
University Drive
523.64
Approved Deferred Street Construction
INFRASTRUCTURE FUND TOTAL:
127,977.46
ATTACHMENT 1
Page 3 of 3
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: July 26, 2011
B. Ordinance appropriating $490,548.91 in BOND PROCEED interest earnings and bonding company
settlement proceeds for Bayfront, Public Health and Safety, Library, Museum, Parks, and Streets in the
funds as listed in Attachment 1, Section 2 for the stated bond projects not yet complete, similar projects to
be approved by City Council or the payment of debt service; Changing the FY 2010-2011 Capital
Improvement Budget adopted by Ordinance No. 028995 to increase expenditures by $490,548.91; and
declaring an emergency.
Amount Required: $490,548.91
Fund Name
Fund No.
Org.
No.
Account
No.
Project
No.
Amount
Various See:
Attachment A Section 2
00000
251850
$490,548.91
Total
$490,548.91
Certification Not Required
,on Green Pa
H:IHOMEILYNDASIGENIInterest Appropriation\Cover.DOC
M
1..44 Director of Financial Services
Date: 7`P1-11,