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Home My WebLink About029573 ORD - 07/31/2012ORDINANCE Page 1 of 3 AMENDING ORDINANCE NO. 029144 TO REDUCE THE AMOUNT APPROPRIATED OF BOND PROCEEDS INTEREST EARNINGS AND BOND COMPANY SETTLEMENT PROCEEDS TO $459,138.91; REVISING THE AMOUNT OF INCREASE IN FY 2010-2011 CAPITAL IMPROVEMENT BUDGET EXPENDITURES TO $459,138.91; AMENDING ORDINANCE NO. 029146 TO REDUCE THE AMOUNT APPROPRIATED OF SPECIALTY BOND PROCEEDS INTEREST EARNINGS TO $32,929.58; REVISING THE AMOUNT OF INCREASE IN FY 2010-2011 CAPITAL IMPROVEMENT BUDGET EXPENDITURES TO $32,929.58;. WHEREAS, City Council passed Ordinance No. 029144 on July 26, 2011 appropriating an amount of $490,548.91 in Bond Proceeds Interest Earnings and Settlement Proceeds; and WHEREAS, the amount appropriated of $490,548.91 was overstated by $31,410.00 in Clean Energy Credits; and WHEREAS, City Council passed Ordinance No. 029146 on July 26, 2011 appropriating an amount of $358,324.41 in Specialty Bond Proceeds; and WHEREAS, the amount appropriated of $358,324.41 was overstated by $325,394.83 in Recovery on Damage Claims; and BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. Sections 1 and 2 of Ordinance No. 029146 are amended as shown: SECTION 1. An amount of $3514324.41-M929.58 in Specialty Bond Proceeds interest earnings, and from contributions and donations from Texas Military Loan Proceeds, Packery Channel Tax Increment Financing Bonds, Sales Tax Bonds for the Seawall and Arena, and Generic Capital Improvement Funds as listed in Attachment 1, Section 4, is appropriated for the stated bond projects not yet complete, the support of the City's approved Capital Improvement Program, specific military -supported projects, and other related projects as determined by the Type A Board. SECTION 2. The FY 2010-2011 Capital improvement Budget adopted by Ordinance No. 028995 is changed to increase expenditures by $358,3244 532.929 58 SECTION 2. Sections 1 and 2 of Ordinance No. 029144 are amended as shown: SECTION 1. An amount of 9138 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 Ordinance Sbc 029573 INDEXED Page 2 of 3 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 9138.91. SECTION 3. Upon written request of the Mayor or five Council members, copy attached, the City Council (1) fords 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 17th day of July, 2012. Armando Chapa City Secretary Ordinance Six CITY OF CORPUS CHRISTI The foregoing ordinance was read for the first time and passed to its second d- ay of reading on this the following vote: Joe Aflame Chris N. Adler Kelley Allen Larry Elizondo, Sr. Priscilla G. Leal John E. Marez Nelda Martinez Mark Scott David Loeb , 2012, by the The foregoing ordinance was read for the sdrOlid,time and passed finally on this the day of � , 2012, by the following vote: Joe Adame Chris N. Adler Kelley Allen Larry Elizondo, Sr. Priscilla G. Leal PASSED AND APPROVED this the qday of John E. Marez Nelda Martinez Mark Scott David Loeb ATTEST: Armando Chapa City Secretary Joe Ame Mayor 5ff86134-6d41-4bee-a093-71027221548e °29573 , 2012. zmni AITACKMENT ONE . .... . .......... Unsppropriatedd NO -coeds as;ofMay, 2011 ' SECTION 1..AIRPORT. Fungi # 3tJesc!iPion Utiapgitd, d Irtfaii#itr 0 Airport t;1l' 1= ncf Grants 20 " Ai moil CIP:P nd.Cd itat Ra e: A'FI5oit20,0AT.Wmt ne FOES GIP 1NAPP OP tp.aED[: TOTAL 23 i'42 7.85 .59 Match. for FA -Gra t Pra ects Match forA firabt l?rttj s.' etch for FM GradtProje- . ., CTION 2;,BOND_PROLEEDS NE 0t31,1GATION j t CERTIFII 4XES OF OB UGA1ION 0 1 TAX iTJCIPA'1';1ON, NOTES MI) Fur+d D crt tbn Ss n •r�t, rent 200. GO (Band issue 2008) • .a12 13.0frOnt.21 Cel _ d lss :y 20 BANTRONT UNAPPROPRIATED TOTAi 200t00 Bc nd.1Ssue Unappropriated lrrteres�kFar' Ftegutreitien l Staff Reccmrrren atte 3 $, 1 <t1 �rVti+7'i.05 4 cH Bond'; issue 2,004 ApprbvedrBond Projetti Not Complete 77.(Approved 400,00itiPto -i'Icrt Gdm:tete A oved t3a fs NOI C Apprtxl d_1 to P tje Not Com 33 I .t*Il i e.0 :2i G and Issue 2 1 249 58 3191 Firel2€ 09 GCj onrl tss 19.-74810/ ;85 5i •• Police2009 GO Eiond Issue 2008) dliff2008.Certifiattion utak All Prajet otmtplate Fitrets A atW° Ap ro 1 Bond Proluot ai onjplete' : • navecl tinct t?cr, ecis: riot .Compute: A rove::Bond Proje 'Norco plete ; ` A r d;,Bond P Nct Ccttmplete" : e ro et€'SUMO— • ec s Not Coat a tett Aipraved Bond=Pis acts=N"Com tete„ 3384 I Public H &$.2008 TN 1�ailkffl1121:Cettilliation ofObi .ka8ert PIJBL,ICH&S.UNAPPROPRIAT %TOTAI lb c+ 2007'G� 322 200? Gi ti .d lsso0,2ijit4F Bortd,lue 24 8 LUBRAR UNAPPROPRIATED TOTAL: Museum 2009 G Bond Issbe;2{t 3289 1�a 22 , Cain {Baird: issue 2�i _ 32I : Tvark:2€ TN # 'I0 57.48 3291 iPartc 20159 GO Bond Issue 20tI8 I 10,991:48 292.:.__ Park 2010 GO on Issue 2008 23:62&12 ' . . 05' 'PARKS:UNAPPROPRJATE 3°5 1 Street 2f} a 5 C O (Bend Issue 2004} 10;050a 3545 Street 20087N .7-37-16:04. 3546 , Street 210 GQ B )n I Is �ue 2Ct08' 3647' B#raal2009' ill: R rt:O STREETS ,UNA :PRt7 Pi tA7'E1 TQTAL All Pro cis A r ; aved B eel: B Ccrm et . unds.Availa l rxd P jec N t Cotriplete. orlcil sots. Not Con ptete -d# blot 41. :47 BOND PROCEEDS -UNAPPROPRIATED TOTA CT{ON 3: RETIE F U BONDS if# De 220,081.47: 238 58& 53 Una lMed rWier A A edEend. P s:tot"Cor% ete:;, raved fond Projects lot Complete Approved .Bond Projes Not co pts rz a: on Pr I Corp quirem teffReno ibis attori:. 3480 X492-. 452 6 _ 4523 .. 4626; ' Storni llttater CIP Fund br °E Water 2005 ttt nue: Banti Storrrrlatereenue Bond r litlater2OCIBROVentieBond vd 10We:200144 � tosre=tl later' 010 Revenue Boznd (Tac em BAB): 1 ater =Obi vl ". A ,' t 24 4 5 VATER. CtP UNAPPROPRIATED TOTAL 94 570 to .54128A7 ivaIa let 'ed 1-Yer 1P' 77-989.657 _.._ � Avalable tetCerren1' ear cl __ 0.13 laAvai legf `r urr+l Year QIP 110;009:55".: Ava able %rCurrent yeai CCP 3, a ie for 1 er r i.,Year C Available for Ct refltt Year c P I43rte: TO Gas 45ti1 . mss 4.1`, Gas 1 39RevertreBond(1nd le 3 s r 2 1 201Pb Fl venue.I and {Tavble BAB G,AiE ,CEP tJNI PROPRIA I 4050. O ater-CIP F inn �.. Yvatoi.2 130100 d�'. 475 Wa 2009- e B+ d' TOTAL 4: 6 3' 4 ':Re rtue'Bot :: a Issue:2 3 ^ 4478 1 {ater 2010"R tie Bond (rax EinFirnpt BAB 4471 i fater.2OlOb Revalue: Bond,: a able BA WATER IP UNAPPROPRIATED TOTS::, 3. Wasls ter CI . Pled 4250 +A at ovater2008'"I evienuJe;B:ond 4500 t teat ter-2009BReVentietIOnd, 4501 1iU'ast r20090ailerideBOridAB nd Issue 2001 4Waste tec:2010'Revenue Ben .Exem 4 BAB 20f0.116404e Bond bieBAB Rortts rtATERIP LINAPPRO 4510. Ac 217., 4,219:12 4a 40 '85 Av lla6le foeCitrrer►t Year dit Airallabie °lor'CurrerlfYear CIP. i4v labte trrr Cttrr'�'Y r CIF Avarlable4ar Cu ent Year C1P Available foc-Current•'Year CIP AAaille 1orCurrent;Vear GIP' Availebte %r`cwtentYeat CIP:.-- Avaable ter.'00004 YearCILP`; O 4'It.1G:' REVENUE BONDS CI P UNAPPROPRIATEDTOT 7 Avallsble.ot _CurteriYY €rCIP A*ailab1a fttr: GurrentYear CJP Atiallablefor Current Year CIP ,NvaIlable fi rCurrent Year° G.IP Avalia�fior�eni deer Cllr A�abt for COmentistear Cil? Available far":Current:Year"CIP 1471. 36,419` ;3:69 SES T(aN 42. sPECIALIi Y ;N.D PRoC E $ 'TEXAS MIUTA fi'LOAN L !TAX INCREMENT "PIN NCI SALES TAX °SUPPOJ D BONDS / GENERIC =CAPITAUMPR(3 I=trnrl Deset ori S#or Wetret2087 TML North Pte: ater2007 TML. i Part) 42 3 - sieu at 2007 TML North Po 354, Stredt2007 TML NOM' Erste} 35 eS 20 1 # I. t 1 ICt Zj TML UNAPPROPRIATED TOTAL. ENT P .OGRAM FUNDS OIP napprop t t in resV. r 801 02 2.8tI 1.269 17 F equl ment"i Staff Recormendation A qtr er3 Bored Pr•'ect,Not Com tie ; Approved-Send.P CbIt tete A o•roved Bonders eoi t 'Co ete. Approved Bed; Pro ect! of CO tr:: Restricted Fund forMita "Prajecls 3270; Sea raII rami Fund 27 Boas tl ' starn,CIPFOrtrl BOND UTA;PPRCI RIATED TOT; SALES' - At% iniatererf b 'F' , eA ioard. 'Ad mhi er'ed b A; and 3273 „apa_olqay Canet TIP Fund SOON 4•.:SSPECIAE $TY' BOND'PROCEEDS oontlnue i 4 3216 lira CIF' Fund 3zi PIP un€i _ 47 3530 Street QIP Fund DiP FUND- UNAPPROPRIATED TOTl .:;Approved Tl Pr aot�NZat A aW a fctar Cu "YrdarCIP A ita€b ftrr Ea�ctr*t Y-0ar Clp Available for:Current Year CIP Available:45.1f CU Utir rrCtP 7 A Nb ptAPR'A.TE31 AL1 SECTION 5: OLDER BOND FUNDS (ISSUED PRIOR TO 2006) Fund # Description 3359 3381 Public Health & Safety 2004 CO Public H & S 2005 Certi icate of Obligation 4084 Water 2002 Revenue Bond 4242 Wastewater 1995 State Revolving Fund OLDER BOND. FUNDS UNAPPROPRIATED TOTAL: Unappropriated InterestlOther Requirement! Staff Recommendation 188.53 804.28 248.58 3 801.84 Older Fund Recommend Closing_ Older Fund Recommend Closing_ Older Fund Recommend Closing _ Older Fund Recommend Closing___ 4,839.19 SECTION 6: OTHER UNAPPROPRIATED FUNDS Fund # Description Street Assessments Unappropriated InterestlOther R ulrement /Staff Recommendation Street Closures OTHER UNAPPROPRIATED FUNDS TOTAL: 115,838.88 301,227.25 417,065.91 SECTION 7: INFRASTRUCTURE FUND Approved Assessment Projects Approved Assessment Projects Unappropriated Acct # Description Interest/Other Requirement l Staff Recommendation _ 330859 Acushnet Drive 2,851.78 Approved Deferred Street Constniclion 330332 Cimarron Park 8,792.80.—Approved Deferred Street Construction 330928 Country Creek #5 Approved Deferred Street Construction 9,008.45 330885 Country Creek #3 8,745.12 Approved Deferred Street Construction 330257 Coves c LAID Vista 3,204.30 Approved Deferred Street Construction 330857 Cullen Place 5,408.88 Approved Deferred Street Construction 330785 Drainage Channel 31 —7 228.29 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 __ 381.58 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 1,800.53 Approved Deferred Street Construction 330808 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 8,291.12 _ 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 523.84 Approved Deferred Street Construction INFRASTRUCTURE FUND TOTAL: 127,977.46 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: July 31, 2012 Agenda Item: F. Ordinance amending Ordinance No 029144 to reduce the amount appropriated of bond proceeds interest earnings and bond company settlement proceeds to $459,138.91; revising the amount of increase in FY 2010-2011 Capital Improvement Budget expenditure to $459,138.91; amending Ordinance No. 029146 to reduce the amount appropriated of Specialty Bond Proceeds interest earnings to $32,929.58; revising the amount of increase in FY 2010-2011 Capital Improvement Budget expenditures to $32,929.58. Amount Required: $356,804.83 Fund Name Account No. Fund No. Org. No. Project No. Amount Bayfront Dev Tax Notes 343571 3125 -31,410.00 Street CIP Fund 343300 3530 -325,394.83 TOTAL $-356,804.83 El Certification Not Required 43, Director of Financial Services -7-2 3 -ice PT/