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HomeMy WebLinkAbout029977 ORD - 10/15/2013ORDINANCE APPROPRIATING $63,794.00 FROM NO. 4220 SANITARY SEWER COLLECTION LINE TRUST FUND TO REIMBURSE I5T INVESTMENTS, LLC., ( "DEVELOPER ") FOR THE EXTENSION OF A 10- INCH SANITARY SEWER COLLECTION LINE, INCLUDING ALL RELATED APPURTENANCES FOR DEVELOPMENT OF LOT 2, BLOCK 13, AIRPORT INDUSTRIAL SUBDIVISION, AS SPECIFIED IN THE WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION AND REIMBUREMENT AGREEMENT. WHEREAS, On March 19, 2013, the City of Corpus Christi approved a Wastewater Collection Line Extension Construction and Reimbursement Agreement with I5T Investments, LLC., a Texas limited liability company for development of Lot 2, Block 13, Airport Industrial Subdivision in the amount of $63,794.00. WHEREAS, The subdivision is located along the south side of State Highway 44; east of Heinsohn Road and west of North Padre Island Drive (SH 358). WHEREAS, The development required the extension of 1,196 linear feet of 10 -inch wastewater collection line in order to provide adequate wastewater to the property. WHEREAS, Monies were not appropriated at the time of the approval of the Wastewater Collection Line Extension Construction and Reimbursement Agreement due to lack of funds in the Sanitary Sewer Collection Line Trust Fund. WHEREAS, I5T Investments, LLC., has installed 1,196 linear feet of 10 -inch PVC wastewater collection line as specified in the wastewater collection line extension construction and reimbursement agreement. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. Funding in the amount of $63,794.00 is appropriated from the No. 4220 Sanitary Sewer Collection Line Trust Fund to reimburse the Developer for construction of the collection line in accordance with the Agreement. The foregoi 4rdin ante vs_rjad for the first time and passed to its second reading on this the da of �«Q LK�i�- , 2013, by the following vote: Nelda Martinez Kelley Allen Rudy Garza Priscilla Leal David Loeb Chad Magill Colleen McIntyre Lillian Riojas Mark Scott INDEXED The foregoing rdinance w� r-ad or the second time and passed finally on this the foregoing of Nelda Martinez Kelley Allen Rudy Garza Priscilla Leal David Loeb PASSED AND APPROVED this the ATTEST: , 2013, by the following vote: Chad Magill Colleen McIntyre Lillian Riojas Mark Scott rmando Chapa City Secretary CITY OF CORPUS CHRISTI 2013 Nelda Martinez Mayor 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. 15 City Council Action Date: October32; 2013 Agenda Item: Ordinance appropriating $63,794.00 from the NO. 4220 Sanitary Sewer Collection Line Trust Fund to reimburse I5T Investments, LLC., ( "Developer"), for the extension of a 10 -inch sanitary sewer collection line, including all related appurtenances for development of Lot 2, Block 13 Airport Industrial Subdivision, as specified in the wastewater collection line extension construction and reimbursement agreement. Amount Required: $ 63,794.00 Fund Name Sanitary Sewer Collection Line Trust Fund Account No. Fund No. 540450 4220 Org. No. Project No. 21801 Amount $63,794.00 Total ❑ Certification Not Required q3 $63,794.00 Director of Financial Services Date: OCT 0 8 2013 3— COO O>