HomeMy WebLinkAbout032339 ORD - 02/09/2021Ordinance amending Ordinance No. 032311 to increase the
appropriation of Type B funding for the Cole Park Pier to $5,000,000.00
from the unreserved fund balance of the Type B Sales Tax Fund and
decrease the appropriation from the unreserved fund balance of the
General Fund by $349,427.00; transferring funds in the amount of
$7,777,670.00 to the Park CIP Fund; and amending the budget.
WHEREAS, on December 22, 2020, through Ordinance No. 032311, the City
Council approved a construction contract with JM Davidson, Ltd.
WHEREAS, the ordinance appropriated funding in the amount of $4,415,430.00
from the Type B Sales Tax Fund for the Project.
WHEREAS, on January 11, 2021, the Corpus Christi B Corporation (the "Type B
Corporation") Board of Directors approved additional funding to increase the Type B
Corporation's contribution to this project to $5,000,000.00.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Section 2 of Ordinance No. 032311 is amended to appropriate
additional funds in the amount of $584,570.00 from the Type B Sales Tax Fund No. 1146
for the construction of a new Cole Park Pier (the "Project"), increasing the total
appropriation from Fund No. 1146 to $5,000,000.00.
SECTION 2. That Section 4 of Ordinance No. 032311 is amended to decrease the
appropriation of funds from the unreserved fund balance of the General Fund No. 1020
for the Project by $349,427.00, for a total appropriation of $1,527,670.00.
SECTION 3. That funds in the amount of $7,777,670.00 are transferred to and
appropriated in the Fund No. 3280 Park CIP. This transfer includes the above listed
amounts from Fund No. 1146 and Fund No. 1020 as well as $1,250,000.00 of previously
appropriated funds from Community Enrichment Fund No. 4720.
SECTION 4. That the FY2020-21 Operating Budget and Capital Budget adopted by
Ordinance No. 032203 are amended to increase expenditures by $235,143.00.
032339
SCANNED
That the foregoing ordinance was read for the first time and passed to its second reading on this
the (day of „ 2021, by the following vote:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
A -ye
John Martinez
Ben Molina
Mike Pusley
Greg Smith
That the foregoing ordinance was read for the second time and passed finally on this the 91
day of si ` 2021, by the following vote:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
PASSED AND APPROVED on this the \day of , 2021.
ATTEST:
Rebecca Huerta
City Secretary
0323:
t_)
Paulette M. Guaj
Mayor
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 26, 2021 Legistar Item No. 21-0107
Agenda Item:
Ordinance amending Ordinance No. 032311 to increase the appropriation of Type B funding for the Cole
Park Pier to $5,000,000 from the unreserved fund balance of the Type B Sales Tax Fund, decrease the
appropriation of the unreserved balance of the General Fund to $1,527,670, transferring funds in the
amount of $7,777,670 to the Park CIP Fund and amending the budget.
Amount Required: $ 7,777,670
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
Economic
1146-15050-707
251850
$5,000,000
Development
Project # 18171
General Fund
1020-12920-707
251850
$1,527,670
Project # 18171
Community
4720-13042-141
550030
$1,250,000
Enrichment Fund
4720-21300-141
4720-21316-141
4720-21336-141
4720-21383-141
4720-21400-141
4720-21409-141
4720-21429-141
4720-21460-141
4720-21629-141
4720-21637-141
Project # 18171
Total
$7,777,670
Certification Not Required
Director of FinTcial Services
Date: IcTh c I