HomeMy WebLinkAbout029163 ORD - 07/26/2011Page 1` of 3
ORDINANCE
APPROPRIATING $132,600 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 COMMERCIAL METALS
COMPANY FOR DEVELOPMENT OF A NEW SECONDARY METAL
PROCESSING FACILITY ON BRONCO ROAD WITHIN THE CITY OF
CORPUS CHRISTI, IN WHICH CMC WILL INVEST AT LEAST
$20,000,000 IN BUILDING IMPROVEMENTS, FURNITURE, FIXTURES,
AND EQUIPMENT AND WILL RETAIN AT LEAST 39 CURRENT FULL-
TIME JOBS AND CREATE AND MAINTAIN AT LEAST 12 NEW FULL-
TIME JOBS WITH AN AVERAGE ANNUAL SALARY OF AT LEAST
$31,500 OVER A FIVE YEAR PERIOD; CHANGING THE FY 2010-2011
OPERATING BUDGET, ADOPTED BY ORDINANCE NO. 028252 BY
INCREASING PROPOSED EXPENDITURES BY $132,600; AND
DECLARING AN EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That $132,600 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 Commercial Metals Company for
development of a secondary metal processing facility on Bronco Road within the City, in
which CMC will invest at least $20,000,000 in building improvements, furniture, fixtures,
and equipment and will retain at least 39 current full-time jobs and create and maintain
at least 12 new full-time jobs with an average annual salary of at least $31,500 over a
five year period.
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 $132,600 for a grant from the Corpus Christi Business and Job
Development Corporation to Commercial Metals Company for development of a new
secondary metal processing facility on Bronco Road within the City, in which CMC will
invest at least $20,000,000 in building improvements, furniture, fixtures, and equipment
and will retain at least 39 current full-time jobs and create and maintain at least 12 new
full-time jobs with an average annual salary of at least $31,500 over a five year period.
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 passed and takes effect
upon first reading as an emergency measure on this the ,2c' day of
(Thiuler , 2011.
CMC Type A appropord 06242011.docx
029163
IND ED
Page 2` of 3
ATTEST: CITY OF CORPUS CHRISTI
0),D -de
Armando Chapa
City Secretary
APPROVED: , 2011
R. :y Dining
rst Assistant City Attorney
For City Attorney
CMC Type A appropord 06242011.docx
Joe Mame
Mayor
Page Sof 3
Corpus Christi, Texas
4,nn//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: 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,
Joe A'' me
Mayor
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
David Loeb
John E. Marez
Nelda Martinez
Mark Scott
CMC Type A appropord 06242011.docx
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029163
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: July 26, 2011
Ordinance appropriating $132,600 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 Commercial Metals Company for development
of a new secondary metal processing facility on Bronco Road within the City of
Corpus Christi, in which CMC will invest at least $20,000,000 in building
improvements, furniture, fixtures, and equipment and will retain at least 39 current
full-time jobs and create and maintain at least 12 new full-time jobs with an average
annual salary of at least $31,500 over a five year period; changing the FY 2010-
2011 operating budget, adopted by ordinance No. 028252 by increasing proposed
expenditures by $132,600; and declaring an emergency.
Amount Required: $132,600
Fund Name
Fund No.
Org. No.
Account No.
Project No.
Amount
CCBJDC
1140
00000
251850
$132,600
$
$
$
$
$
Total
$132,600
Certification Not Required
Director of Financial Services
Date: '7 r --i 1