HomeMy WebLinkAbout032686 ORD - 03/08/2022Ordinance abandoning one Bond 2012 project and one Bond 2016
project and repurposing excess Bond 2008, Bond 2012, Bond 2016
funds for use on the Residential Street Program; and amending FY
2022 capital budget.
WHEREAS, all Bond 2008 projects have been completed and the excess Bond 2008 funds of
$810,208.92 shall be used as directed by City Council;
WHEREAS, in August 2012, City Council approved Ordinance 029589 ordering a Bond election
that identified Twigg Street, generally from Shoreline Boulevard to Lower Broadway, to be
completed in Bond 2012 Proposition No. 1;
WHEREAS, in April 2015, City Council approved Resolution 030482 directing staff to defer and
reassess Bond 2012 projects directly affected by the new Harbor Bridge construction, specifically
Twigg Street and Leopard Street;
WHEREAS, staff has reassessed the Bond 2012 projects affected by the new Harbor Bridge
construction and recommends not proceeding with Twigg Street, generally from Shoreline
Boulevard to Lower Broadway;
WHEREAS, funds to complete the remaining Bond 2012 projects have been identified and the
excess Bond 2012 funds of $1,769,086.24 shall be used as directed by City Council;
WHEREAS, in August 2016, City Council passed Ordinance 030931 ordering a Bond election
that identified Participation Projects (projects that receive external funding for all or part of their
costs) to be completed in Bond 2016 Proposition 12;
WHEREAS, no projects have been identified that receive external funding for all or part of the
costs for Bond 2016 participation projects;
WHEREAS, excess Bond 2016 funds of $1,900,000.00 shall be used as directed by City Council;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That the findings of the City Council and its actions approving this Ordinance are
hereby approved and adopted.
SECTION 2. City Council hereby finds and determines that the Bond 2012 Twigg Street project
and the Bond 2016 Participation Project are abandoned due to external sources of funding that
did not materialize or unforeseen changes in fact or circumstance that make the anticipated
expenditures no longer wise or necessary.
SECTION 3. The City Council hereby directs and authorizes the repurposing of remaining Bond
2008, Bond 2012 and Bond 2016 funds to fund the Bond 2018 Proposition A Residential Street
Rebuild Program project.
SECTION 4. The Corpus Christi FY2021-2022 Capital Budget adopted by Ordinance No. 032540
is amended to increase expenditures by $4,479,295.16 for residential streets.
032686
SCANNED
That the foregoing or finance was read for the first time and passed to its second reading on this
the 2 day of , 2022, by the following vote:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
41-
A Ix
John MartineAl
z,Q
Ben Molina
Mike Pusley
Greg Smith
That the foregoing ordinance was read for the second time and passed finally on this the 7 I "1
day of QJ,V\ 2022, by the following vote:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
PASSED AND APPROVED on this the
ATTEST:
Rebecca Huerta
City Secretary
John Martinez
Ben Molina
Mike Pusley
Greg Smith
TIlday of l(c,h , 2022.
032686
Paulette M. Guajardo
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: February 22, 2022 Legistar Item No. 22-0305
Agenda Item:
Ordinance abandoning one Bond 2012 project and one Bond 2016 project and repurposing
excess Bond 2008, Bond 2012, Bond 2016 funds for use on the Residential Street Program;
and amending FY 2022 capital budget.
Amount Required: $4,479,295.16
Fund Name
Account
No.
Fund No.
Org.
No.
Project No.
Amount
Streets Bond 2018
Fund (3556)
550910
3556
22025-3556-3EXP
$4,479,295.16
Total
$4,479,295.16
® Certification Not Required
Director of Financial Services
Date: 0.3 EA