HomeMy WebLinkAbout030175 ORD - 05/13/2014ORDINANCE AUTHORIZING THE CITY MANAGER OR DESIGNEE
TO EXECUTE A DEVELOPER PARTICIPATION AGREEMENT WITH
MPM DEVELOPMENT, LP., ( "DEVELOPER "), TO REIMBURSE THE
DEVELOPER UP TO $215,861.52 FOR THE CITY'S SHARE OF THE
COST TO EXTEND SOUTH OSO PARKWAY, IN ACCORDANCE
WITH THE UNIFIED DEVELOPMENT CODE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. The City Manager, or his designee, is authorized to execute a
developer participation agreement ( "Agreement ") with MPM Development, LP
( "Developer "), for the CITY's portion of the cost of South Oso Parkway, including all
related appurtenances, for development of King Estates Unit 4, Corpus Christi,
Nueces County, Texas.
The foregoing ordinance was pad for'the first time and passed to its second reading on
this the a°141-day of
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
, 2014, by the following vote:
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
The foregoin ordinance was read forthe second time and passed finally on
this the 'day of QL.t4, , 2014, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
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Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
PASSED AND APPROVED this the day of , 2014
ATTEST: CITY F CORP S CHRISTI
Rebecca Huerta
City Secretary
RU
Mayor (LNG Tem
0301.75
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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: May 13, 2014
Agenda Item: Ordinance authorizing the City Manager or designee to execute a developer
participation agreement with MPM Development, LP., ( "Developer "), to reimburse the Developer up to
$215,861.52 for the City's share of the cost to extend South Oso Parkway, in accordance with the
Unified Development Code.
Amount Required:
$ 215,861.52
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
Bond 2012 Fund
550910
3701
00000
D1402
$215,861.52
Total
$215,861.52
Certification Not Required
Director of Financial Services
Date: APR 2 5 2014
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