HomeMy WebLinkAbout029283 ORD - 11/15/2011Page 1 of 2
Ordinance appropriating $150,000 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
Major Business Incentives to Lakeside Steel Texas Inc. for
development of a new pipe threading facility; and changing the FY
2011-2012 Operating Budget adopted by Ordinance No. 029155 to
increase appropriations by $150,000; and declaring an emergency.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That $150,000 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 Major Business Incentives to Lakeside
Steel Texas Inc. for development of a new pipe threading facility.
SECTION 2. That the FY 2011-2012 Operating Budget adopted by Ordinance No.
029155 is changed to increase appropriations by $150,000.
SECTION 3. That upon written request of the Mayor or five Council members, copy
attached, the City Council finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is pas nd takes effect
upon first reading as an emergency measure this the rrk day of r 2011.
ATTEST:
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Armando Chapa
City Secretary
CITY OF CORPUS CHRISTI
iieiadfrAne
Joe Ac ame
Mayor
APPROVED AS TO FORM: /i%aveM4era.10 , 2011.
Brian Nar1ez
Assistant City Attorney
For City Attorney
029283
INDEXED
Page 2 of 2
Corpus Christi, Texas f
S`tday of 1JdU F-(hbe- ( , 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,
Council Members
athfrifie
Joe Adame
Mayor
The above ordinance was passed by the following vote:
laIDSCA+
Joe Adame
Chris N. Adler
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
David Loeb
John Marez
Nelda Martinez
Mark Scott
029283
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: November 15, 2011
Agenda Item:
a. 'Ordinance appropriating $150,000 from the unreserved fund balance in the No. 1140 Business/Job
Development fund for a grant from the Corpus Christi Business and JO Development Corporation to
Lakeside Steel Texas Inc. (Lakeside) for development of a new pipe eading facility on Corn
Products Road within the City of Corpus Christi, in which Lakeside will invest at least $2,000,000 in
building improvements, furniture, fixtures, and equipment and will create and maintain at least 60 full-
time jobs with an average annual salary of at least $23,000 over a five year period.
Amount Required: $150,000.00
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
CCBJDC
251850
1140
000000
($150,000)
Total
$150,000
CI Certification Not Required
Director of Financial Services
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