HomeMy WebLinkAboutM2023-015 - 01/31/2023City of Corpus Christi
January 31, 2023
Motion: M2023-015
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
File Number: 23-0158 Enactment Number: M2023-015
Motion authorizing a three-year service agreement with two one-year options with
Specialized Public Finance, Inc., of San Antonio, for financial advisor services, for an
estimated amount of $1,770,846.00, with an estimated potential amount not to exceed
$2,500,000.00 if the options are exercised, with FY 2023 funding of $600,000.00 from
bond proceeds.
At a meeting of the City Council on 1/31/2023, this Motion was passed.
Aye: 7 Mayor Guajardo, Council Member Barrera, Council Member Hernandez,
Council Member Suckley, Council Member Roy, Council Member Klein,
and Council Member Campos
Nay: 1 Council Member Pusley
Absent: 1
Abstained: 0
Council Member Hunter
Attest:
Paulette Guajardo, Mayo
Rebecca Huerta, Ci y Secretary
City of Corpus Christi
Page 1 Printed on 2/1/23
SCANNED
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.
31
City Council Action Date: Januarv, 2023 Legistar Number: 23-0158
Agenda Item:
Motion authorizing a three-year service agreement with two one-year options with Specialized
Public Finance, Inc., of San Antonio, for financial advisor services, for an estimated amount of
$1,770,846.00, and an estimated potential amount not to exceed $2,500,000.00 if the options
are exercised, with FY 2023 funding of $600,000.00 from bond proceeds.
Amount Required: $600,000.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
Total
$600,000.00
❑x Certification Not Required - fees paid out of bond proceeds when bonds are issued
I/Yn
tlkA/
Director of Financial Services
Date: 2-( g t 2