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HomeMy WebLinkAbout031348 RES - 01/30/2018 Resolution directing the City Manager to spend $3,400,000 for residential street reconstruction in accordance with Option No. 3 discussed at the December 19, 2017 City Council Meeting. WHEREAS, on September 26, 2017 during the second reading of the Ordinance adopting the Fiscal Year 2018 Operating Budget, the City Council voted to amend the budget to add $3,400,000 for residential streets, of which $2,900,000 would be added to Residential Street Fund No. 1042 and $500,000 would come from Bond 2008, Proposition 1, Fund No. 3546 Reserves; and WHEREAS, on December 19, 2017, City staff presented three options to City Council for using the $3,400,000 dollars appropriated for residential streets; and WHEREAS, on December 19, 2017, the City Council gave direction to return with an item approving Option No. 3 which calls for approximately 1.5 — 2.0 linear miles of residential street reconstruction located in Council Districts 1 , 4 and 5 following the "worst first" criteria, among other criteria, for selecting the streets to be reconstructed. 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 spend $2,900,000 from Fund No. 1042, The Residential Street Fund, and $500,000 from Bond 2008, Proposition 1 Fund No. 3546, for construction costs to reconstruct residential streets located in City Council District Nos. 1, 4 & 5 in accordance with Option No. 3 as discussed at the December 19, 2017 City Council meeting. Non-construction costs are to be covered by the Fund 1042 fund balance. SECTION 2. The Resolution shall take effect and be in full force immediately after its adoption by the City Council. ATTEST THE CITY OF CORPUS CHRISTI e _ .47 1 R becca Huerta Jo- cComb City Secretary M.I•r 031348 INDEXED Corpus Christi, Texas 3O of l( ��2( , 2018 The above resolution was passed by the following vote: Joe McComb " Rudy Garza S i. Paulette Guajardo U. - Michael Hunter I ad if I Debbie Lindsey-Opel Ben Molina /J Lucy Rubio Lt Greg Smith ' ! Carolyn Vaughn I 031348 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 30, 2018 Legistar#: 18-0009 Agenda Item: Resolution directing the City Manager to spend $3,400,000 for residential street reconstruction in accordance with Option No. 3 discussed at the December 19, 2017 City Council Meeting. Amount Required: $ 3,400,000 Fund Name Accounting Unit Account Activity No. Amount No. ResStreetRecnst* 1042 $2,900,000 ST2009 GO BDO8 3549 550950 E17019-01-3549-EXP $ 500,000 Total $3,400,000 *No expense budget has been created for the $2,900,000 funds in Fund 1042 due to no known expense. Ordinance will amend FY2018 Operating Budget when needed. Certification Not Required Director of Financial Services Date: JAN 3 0 2018