HomeMy WebLinkAbout032087 ORD - 04/21/2020 1
Ordinance approving an agreement between the City of Corpus Christi and
the Corpus Christi Business and Job Development Corporation in an amount
not to exceed $1,000,000 for Type A funding of arterial and collector streets
within the City; approving a Chapter 380 agreement in an amount not to
exceed $1,000,000 with Lift Fund, Inc.for a small business recovery program;
appropriating $1,000,000 from the unreserved fund balance of the Business
and Job Development Fund for use on the arterial and collector street
improvements; amending the operating and capital budget; and declaring an
emergency.
WHEREAS, on November 5, 2002, residents of the City of Corpus Christi ("City")
passed Proposition 2, New and Expanded Business Enterprises, which authorized the
adoption of a sales and use tax for the promotion and development of new and expanded
businesses enterprises within the City at a rate of one-eighth of a percent for 15 years;
WHEREAS, the 1/8th cent sales tax authorized by passage of Proposition 2 was
subsequently enacted by the City Council and filed with the State Comptroller of Texas,
effective April 1, 2003, to be administered by the Corpus Christi Business and Job
Development Corporation Board ("Type A Board");
WHEREAS, the Type A Board has determined that it is in the best interest of the
citizens of the City that economic development funds be used to fund repairs to specified
arterial and collector streets through the City's Street Preventative Maintenance Program
and that the City create an economic development program for small business incentives
related to the COVID-19 pandemic;
WHEREAS, the following arterial and/or collector streets in the City are in need of
repair: Interstate 37 (IH-37) from Mesquite Street to Shoreline Boulevard North and
Staples Street from South Padre Island Drive to Gollihar Road and said streets are
necessary for the promotion and development of new and expanded business enterprises
within the City (the "Project");
WHEREAS, the Project is consistent with the purposes for which the Business and
Job Development Fund was created and approved by the voters of the City, in that the
use of the funds allows for the promotion or development of new and expanded business
enterprises, the development of programs and facilities that assist small companies that
can produce jobs of the future, and assistance to businesses for the creation of
meaningful, wealth-producing jobs within the City;
WHEREAS, Lift Fund, Inc. has proposed to administer a $823,500 program that
aids small businesses within the City and requires the creation of jobs;
WHEREAS, the City has established a program in accordance with Article III,
Section 52-a of the Texas Constitution and Chapter 380 of the Texas Local Government
Code ("Chapter 380") under which the City has the authority to make loans or grants of
public funds for the purposes of promoting local economic development and stimulating
business and commercial activity within the City;
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WHEREAS, the City has concluded and hereby finds that the proposed Chapter
380 agreement with Lift Fund, Inc. promotes economic development in the City of Corpus
Christi and, as such, meets the requirements under Chapter 380 and the City's
established economic development program, and, further, is in the best interests of the
City; and
WHEREAS, the City recognizes the positive economic impact that the proposed
Chapter 380 agreement will bring to the City through development and diversification of
the economy, reduction of unemployment and underemployment through the production
of new jobs, the attraction of new businesses, and the additional tax revenue generated
for the City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. The City Council specifically finds that the foregoing statements included in
the preamble of this ordinance are true and correct and adopts such findings for all intents
and purposes related to the authorization of this project.
SECTION 2. That the Project, as approved by the Type A Board on April 20, 2020, to
expend Type A economic development funds for Street Preventative Maintenance
Program repairs to specified arterial and collector streets within the City is approved as
reduced by City Council from $2,500,000 to $1,000,000.
SECTION 3. That $1,000,000 from the unreserved fund balance in the Fund No. 1140
Business/Job Development Fund is appropriated for the repairs to specified arterial and
collector streets within the City.
SECTION 4. That Ordinance No. 031870, which adopted the FY 2019-2020 Operating
and Capital Budget, is amended to increase proposed expenditures in the No. 1140
Business/Job Development Fund by $1,000,000 for the repairs to specified arterial and
collector streets within the City and transferring these funds to the 1041 Street Fund, to
decrease the expenditures in the No. 1020 General Fund for the transfer to the Street
Maintenance Fund by $1,000,000 and increase the expenditures in the No. 1020 General
Fund by $1,000,000 for the Chapter 380 agreement with Lift Fund, Inc.
SECTION 5. That the City Manager or designee is authorized to execute an agreement
with the Corpus Christi Business and Job Development Corporation in an amount not to
exceed $1 ,000,000 for Street Preventative Maintenance Program repairs to specified
arterial and collector streets within the City and the creation of an economic development
incentive program to provide assistance to small businesses for job creation and business
development.
SECTION 6. That the City Manager or designee is authorized to execute a Chapter 380
agreement with Lift Fund, Inc. in an amount not to exceed $1,000,000 to provide relief to
small businesses within the City.
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SECTION 7. That upon written request of the Mayor or five Council members, copy
attached, the City Council (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is passed and takes effect upon
first reading as an emergency measure on this the 21st day of April, 2020.
This or finance takes effect upon City Council approval on this the a�Stday of
, 2020.
ATTEST: CITY OF CORPUS CHRISTI
Re ecca Huerta Joe M Comb
City Secretary Ma
-4 1 day of cr‘ , 2020
Corpus Christi, Texas 1
PASSED AND APPROVED on this the
)-St
of R , d 0)0
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance, an emergency
exists requiring suspension of the Charter rule as to consideration and voting upon ordinances at
two regular meetings: I/we, therefore, request that you suspend said Charter rule and pass this
ordinance finally on the date it is introduced or at the present meeting of the City Council.
Respectfully, Respectfully,
Joe' cComb
May.r
Council Members
03208'7
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The above ordinance was passed by the following vote:
Joe McComb
Roland Barrera Y!
Rudy Garza �;
Paulette M. Guajardo
Gil
Gil Hernandez
Michael Hunter
Ben Molina R
Everett Roy Alt
GregGreg Smith
032087
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: April 21, 2020 Legistar Number: 20-0516
Agenda Item:
Ordinance approving an agreement between the City of Corpus Christi and the Corpus Christi
Business and Job Development Corporation in an amount not to exceed $1,000,000.00 for
Type A funding of arterial and collector streets within the City; approving a Chapter 380
agreement in an amount not to exceed $1,000,000.00 with LiftFund, Inc. for a small business
recovery program; appropriating $1,000,000.00 from the unreserved fund balance of the
Business and Job Development Fund for use on the arterial and collector street improvements;
amending the operating and capital budget; and declaring an emergency.
Amount Required: (Amount to be Certified) $ 1,000,000.00 (each),
(General Fund and Business and Job Development Corporation)
Fund Name Accounting Unit Account No. Activity No. Amount
Business and Job 1140 251850 $1,000,000.00
Development
General Fund 1020-15100-707 540116 $1,000,000.00
I l
❑ Certification Not Required
Director of Finance and Business Analysis
Date: VL1 02�(� dod0