HomeMy WebLinkAbout029224 ORD - 09/27/2011Page 1 of 3
Ordinance changing the Three Year Revenue and Expenditure
Projection for Reinvestment Zone No. 2 Fund in the FY 2011-2012
Budget; authorizing the City Manager to expend funds from the
Maintenance Reserve for necessary repairs within the Packery
Channel project area; and declaring an emergency
Be it ordained by the City Council of the City of Corpus Christi, Texas:
Section 1. Ordinance No. 29155, which adopted the FY 2011-2012 Budget, is changed
by appropriating $118,707 from the unreserved fund balance and increasing proposed
expenditures for YR 1 FY 2012 by adding $64,796 for Packery Channel Patrol
Operations and adding an expenditure line for "Administrative Costs" in the amount of
$53,911, by appropriating and transferring $600,000 from the unreserved fund balance
and committing the $600,000 to the "Dredging Maintenance Reserve," and by
appropriating and transferring $500,000,000 from the unreserved fund balance and
committing the $500,000 to a new "Maintenance Reserve," for the Three Year Revenue
and Expenditure Projection for Reinvestment Zone No. 2 Fund.
Section 2. The City Manager is authorized to make necessary conforming changes to
the Three Year Revenue and Expenditure Projection for Reinvestment Zone No. 2 Fund
in the FY 2011-2012 Budget.
Section 3. Authorizing the City Manager, either in his capacity as either the City
Manager or as the Executive Director, North Padre island Development Corporation, to
spend amounts less than $50,000 from the Tax Increment Reinvestment Zone No. 2
Maintenance Reserve for necessary repairs to public improvements and equipment
within the Packery Channel project area. Expenditures of $50,000 or more require the
approval of the City Council or Board of Directors of the North Padre Island
Development Corporation.
Section 4. 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 isj ssed and takes effect
upon first reading as an emergency measure on this the .2'(— day of September,
2011.
Attest:
Armando Chapa
City Secretary
TIRZ#2 appropord B -- 09142011.docx
City of Corpus Christi
Joe ame
Mayor
029224
INDEXED
Page 2 of 3
Approved: September 14, 2011
R. Ja eig
First'ssisfant City Attorney
For City Attorney
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Page 3 of 3
Corpus Christi, Texas
`may 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 Ad
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(i,e
Nelda Martinez GG
Mark Scott
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029224
CITY QF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
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: September 27, 2011
Agenda Item:
C. Ordinance changing the Three Year Revenue and Expenditure Projection for
Reinvestment Zone No. 2 Fund in the FY 2011-2012 Budget; authorizing the City
Manager to expend funds from the Maintenance Reserve for necessary repairs within
the Packery Channel project area; and declaring an emergency
Amount Required:
$1,218,707
Fund Name
Account
No.
Fund No.
Org. No.
Project
No.
Amount
,
Reinvestment Zone #2
251850
1111
00000
$118,707
Reinvestment Zone #2
251850
1111
00000
$600,000
Reinvestment Zone #2
251850
1111
00000
$500,000
Total
$1,218,707
❑ Certification Not Required
nn 17k.,0
Director of Financial Services
Date: ' 1 ' ti