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HomeMy WebLinkAbout030199 RES - 06/17/2014RESOLUTION AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE AN ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION (TXDOT) FOR SCHANEN HIKE AND BIKE TRAIL FROM YORKTOWN BOULEVARD TO SARATOGA BOULEVARD WITH THE CITY'S PARTICIPATION IN THE AMOUNT OF $207,340. (BOND 2008/2012) NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Manager, or designee, is authorized to execute an Advance Funding Agreement with the Texas Department of Transportation (TXDOT) for Schanen Hike and Bike Trail from Yorktown Boulevard to Saratoga Boulevard with the City's participation in the amount of $207,340. (Bond 2008/2012) SECTION 2. The City of Corpus Christi supports the funding for the project. SECTION 3. The City of Corpus Christi commits to the project's development, implementation, construction, maintenance, management and financing, subject to any necessary appropriation of funds. SECTION 4. The Resolution shall take effect and be in full force immediately after its adoption by the City Council. ATTEST THE CITY OF CORPUS CHRISTI Rebecca Huerta City Secretary Nelda Martinez Mayor 0301.99 INDEXED Corpus Christi, Texas of The above resolution as passed by the following vote: Nelda Martinez Kelley Allen Rudy Garza Priscilla Leal £1,1PY2JL,k David Loeb Chad Magill Allp__ Colleen McIntyre Lillian Riojas Mark Scott 03tl199 Schanen Hike and Bike Trail from Yorktown Boulevard to Saratoga Boulevard CITY COUNCIL EXHIBIT CITY OF CORPUS CHRISTI, TEXAS DEPARMENT OF CAPITAL PROGRAMS MIME, _ PAGE 1 OF 1 .�..:r.. 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. Future Item for the City Council Meeting of June 10, 2014 Action Item for the City Council Meeting of June 17, 2014 Agenda Caption: Resolution authorizing the City Manager, or designee, to execute an Advance Funding Agreement with the Texas Department of Transportation (TXDOT) for Schanen Hike and Bike Trail from Yorktown Boulevard to Saratoga Boulevard (Bond 2012) with the City's participation in the amount of $207,340. Amount Required: $207,340 Fund Name Account No. Fund No. Org. No. Project No. Contract Amount Certify Amount Balance to Re- Certify Parks & Rec 2013 GO (Bond 2012) 550910 3293 00000 E12116 $207,340.00 $207,340.00 $0.00 Total $207,340.00 $207,340.00 $0.00 n Re- Certification Required Director of Financial Services Date: JUN 1 6 2014 K: \ENGINEERING DATAEXCHANGE \VELMAP \PARKS & REC \E12116 HIKE AND BIKE TRAIL DEVELOPMENT BOND ISSUE 2012 \2014 -06 -10 ADVANCE FUNDING AGREEMENT TXDOT\COF - SCHANEN HIKE BIKE TRAIL.DOCX 4- 0O55t2'.r