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HomeMy WebLinkAbout032425 ORD - 05/11/2021Ordinance approving a seawall improvement project for the replacement of docks A, B, C, D, and L at the Corpus Christi Municipal Marina in an amount up to $14,299,000.00; appropriating $14,299,000.00 from the Seawall Improvement Fund; transferring funds in the amount $14,299,000.00 from the Seawall Improvement Fund to the Capital Improvement Program Fund and appropriating therein; and amending the operating and capital budgets. WHEREAS, on November 7, 2000, residents of the City of Corpus Christi ("City") passed Proposition 4, Seawall Improvement, which authorized the adoption of a sales and use tax for the promotion and development improvements to the downtown seawall and for maintenance and operating costs of said seawall improvements for the life thereof to be imposed for 25 years; WHEREAS, the 1/8th cent sales tax authorized by passage of Proposition 4 was subsequently enacted by the City Council and filed with the State Comptroller of Texas, effective April 1, 2001, to be administered by the Corpus Christi Business and Job Development Corporation Board ("Board"); WHEREAS, the Board has determined that it is in the best interest of the citizens of the City that Seawall improvement funds be used to pay for a certain public improvement, namely the replacement of docks A,B,C,D, and L at the Corpus Christi Municipal Marina (the "Marina"); WHEREAS, the Project is consistent with the purposes for which the Seawall Improvement Fund was created and approved by the voters of the City; WHEREAS, the Marina is an integral part of the seawall complex that enhances the tourism or economic development value thereof; WHEREAS, replacement of docks A, B, C, D, and L will serve to beautify the seawall complex, increase safety, and eliminate an impediment to the commercial use of the Marina, thereby enhancing the value of the seawall as a facility that promotes new or expanded business development; WHEREAS, the Marina was constructed as part of the original seawall project, connects directly to the seawall, and is surrounded by seawall improvements, including the Seawall breakwaters; WHEREAS, the Marina is part of the downtown seawall and was included in seawall improvement project at the time that Proposition 4 was approved by voters; and WHEREAS, the replacement of docks A, B, C, D, and L is a Seawall improvement for purposes of the Seawall Improvement sales tax approved by the City's voters. 032425 SCANNED NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR 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 funds in the amount of up to $14,299,000.00 are appropriated from the Seawall Improvement Fund 1120 unreserved fund balance for use on a seawall improvement project for the replacement of docks A, B, C, D, and L at the Corpus Christi Municipal Marina (the "Project"). SECTION 3. The FY2019-20 Operating Budget and Capital Budget adopted by Ordinance No. 031870 are amended to increase expenditures by $14,299,000.00. SECTION 4. That funds in the amount of up to $14,299,000.00 are transferred from the Seawall Improvement Fund 1120 to the CIP fund 3271 for the Project and appropriated therein for use on the Project. SECTION 5. The FY 2020-2021 Operating and Capital Budget adopted by Ordinance No. 032203 is amended to add the Project to the FY 2020-2021 CIP project list. That the foregoing ordinance was read for the first time and passed to its second reading on this the ::).111\ day of 'A (r; \ , 2021, by the following vote: Paulette M. Guajardo Roland Barrera Gil Hernandez Michael Hunter Billy Lerma 032425 John Martinez (C1- Ben MolinakJ! Mike Pusley Greg Smith That the foregoing ordinance was read for the second time and passed finally on this the 1 day of 2021, by the following vote: Paulette M. Guajardo Roland Barrera �. Gil Hernandez A� n l\ Michael Hunter Billy Lerma John Martinez Ben Molina Mike Pusley Greg Smith AkQ PASSED AND APPROVED on this the 11 tII\ day of , 2021. ATTEST: Kcy Rebecca Huerta Paulette M. Guajardo City Secretary 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: Agenda Item: April 13, 2021 Legistar Number: 21-0512 Ordinance approving a seawall improvement project for the replacement of docks A, B, C, D, and L at the Corpus Christi Municipal Marina in an amount up to $14,299,000.00; appropriating and transferring $14,299,000.00 from the Seawall Improvement Fund to the Seawall Capital Improvement Program Fund and appropriating therein; and amending the operating and capital budgets. Amount Required: $14,299,000.00 Fund Name Accounting Unit AcNoount Activity No. Amount Seawall Fund 1120 251850 $14,299,000.00 Total $14,299,000.00 Certification Not Required Director of Financial Services Date: ca162 �� i