HomeMy WebLinkAbout029489 ORD - 05/29/2012Page 1 of 2
Ordinance
Appropriating $200,000 from the unreserved fund balance in the No.
1140 Business/Job Development Fund for a business incentive grant
from the Corpus Christi Business and Job Development Corporation
("Type A Corporation") to Plant Bikes LLC ("Rugged Cycles") for
building improvements to expand their current location in Corpus
Christi and the creation and retention of jobs; Changing the FY 2011-
2012 operating budget, adopted by Ordinance No. 029155, by
increasing proposed expenditures by $200,000; and declaring an
emergency
Be it ordained by the City Council of the City of Corpus Christi, Texas:
SECTION 1. That $200,000 from the unreserved fund balance in the No. 1140
Business/Job Development Fund is appropriated for a business incentive grant from the
Type A Corporation to Rugged Cycles for building improvements to expand their current
location in Corpus Christi and the creation and retention of jobs.
SECTION 2. That Ordinance No. 029155, which adopted the FY 2011-2012 Operating
Fund, is changed to increase proposed expenditures in the No. 1140 BusinesslJob
Development Fund by $200,000 for a business incentive grant from the Type A
Corporation to Rugged Cycles for building improvements to expand their current
location in Corpus Christi and the creation and retention of jobs.
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 ,P,9-1' day of
Aka. , 2012.
ATTEST: CITY OF CORPUS CHRISTI
(16h -‘40 -r -
Armando Chapa
City Secretary
afc216de-ad0f-44cc-850d-8065edca i c7f. docx
Joe me
Mayor
n29189
INDEXED
Page 2 of 2
Corpus Christi, Texas
M-11- Day of , 2012
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,
6L-7�i 9/.7 .e,
Joe Ad e
Mayor
Council Members
The above ordinance was passed by the following vote:
Joe Adame
Chris N. Adler
d
Kelley Allen
Larry Elizondo, Sr.
Priscilla G. Leal ('
David Loeb
John E. Marez
Nelda Martinez
Mark Scott
afc216de-ad0f-44cc-850d-8D65edca1c7f.docx
029489
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
1, 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: May 29, 2012
Agenda Item:
Ordinance appropriating $200,000 from the unreserved fund balance in the No. 1140 Business/Job
Development Fund for a business incentive grant from the Corpus Christi Business and Job
Development Corporation ("Type A Corporation") to Plant Bikes LLC ("Rugged Cycles") for building
improvements to expand their current location in Corpus Christi and the creation and retention of jobs;
Changing the FY 2011-2012 operating budget, adopted by Ordinance No. 029155, by increasing
proposed expenditures by $200,000; and declaring an emergency.
Amount Required: $200,000
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
CCBJDC
251850
1140
00000
$200,000
Total
$200,000
The entire amount of the contract is being certified although only $50,000 is expected to be paid
Out by July 31, 2012. This is done for all Type A Major Business Incentive projects to ensure that
The funds are encumbered throughout the life of the contract.
❑ Certification Not Required
Director of Financial Services
Date: 5 - 3 a ._