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HomeMy WebLinkAbout030388 RES - 01/13/2015 RESOLUTION Resolution approving the transfer of $700,000 from the Water Arterial Transmission and Grid Main Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220; and the transfer of $400,000 from the Water Distribution Main Trust Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220, in accordance with Section 8.5.1.0 and 8.5.2.1 of the Unified Development Code. WHEREAS, the City has determined the transfer will establish sufficient funds to carry out the purpose of the Unified Development Code. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City is authorized to appropriate and transfer $700,000 from the Water Arterial Transmission and Grid Main Trust Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220; and the transfer of$400,000 from the Water Distribution Main Trust Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220 in accordance with Section 8.5.1.0 and Section 8.5.2.1 of the Unified Development Code to establish sufficient funds in the Collection Line Trust Fund to carry out the purpose of the Unified Development Code. I.J This resolution takes effect upon City Council approval on this the 2 V day of A,\,& _ k(Litft . , 2015. AT ST: THE CITY OF CORPUS CHRISTI ne-te.C.11.e- Rebecca Huerta Nelda Martine City Secretary Mayor Resolution-Trust Fund Transfer Page 1 of 2 031,338 INDEXED APPROVED: l day o r1 I , 0 5. Corpus Christi, Texas 14— of � , 2015 The above resolu on was passed b' the following vote: Nelda Martinez 1 Rudy Garza Chad Magill Colleen McIntyre a Lillian Riojas A" Brian Rosas I 1 Lucy Rubio /_l Mark Scott �! Carolyn Vaughn fit Resolution-Trust Fund Transfer Page 2 of 2 030388 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: January 13, 2015 Agenda Item: Resolution approving the transfer of$700,000 from the Water Arterial Transmission and Grid Main Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220; and the transfer of $400,000 from the Water Distribution Main Trust Fund No. 4030 to the Sanitary Sewer Collection Line Trust Fund No. 4220, in accordance with Section 8.5.1.0 and Section 8.5.2.1 of the Unified Development Code. Amount Required: $1,100,000.00, Fund Name Accounting Unit Account Activity No. Amount No. Water Arterial 4030 209010 ($700,000.00) Transmission and Grid Main Trust Fund Water Distribution Main 4030 209020 ($400,000.00) Trust Fund Total $1,100,000.00 D Certification Not Required Director of Financial Services Date: JAN 13 2015 / -1_ 00 /33Z.