HomeMy WebLinkAbout033061 ORD - 05/23/2023One -Reading Ordinance appropriating $6,500,000.00 from the
unreserved fund balance of the Type A Arena Fund; transferring such
funds to the Arena Capital Improvement Fund for urgent mechanical
improvements at the Arena and for capital improvements and
enhancement of the Arena; transferring $1,911,000.00 from the HOT
Fund to the Convention Center Capital Improvement Fund for urgent
mechanical improvements at the Selena Auditorium and for capital
improvements and enhancement of the Convention Center and Selena
Auditorium; and amending the FY 2023 Operating & Capital
Improvement Budget.
WHEREAS, on May 15, 2023, the Corpus Christi Business and Job Development Corporation
(the "Type A Corporation") Board of Directors approved funding contribution to this project in the
amount of $6,500,000 from the Type A Arena Sales Tax.
WHEREAS, the Corpus Christi FY 2023 Budget adopted by Ordinance 032855 includes funds
in the amount of $1,911,000 from the HOT Operating Fund for Convention Center improvement
projects.
BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. That funds in the amount of $6,500,000 from the unreserved fund balance are hereby
appropriated to the Arena Fund 1130 increasing expenditures and transferred from the Arena Fund
1130 to the Arena Capital Fund 3274 increasing revenues and expenditures for urgent mechanical
improvements at the Arena and capital improvements and enhancement to the landscaping
of the Arena.
SECTION 2. That funds in the amount of $1,911,000 from the HOT Fund 1030 Convention Center
Operations budget are transferred to the Convention Center Capital Improvement Fund 3180 for
urgent mechanical improvements at the Selena Auditorium and capital improvements and
enhancement to the landscaping of the Convention Center and Selena Auditorium
SECTION 3. That the FY2023 Operating and the Capital Budget adopted by Ordinance 032855 and
032856, respectively are amended to increase revenues and expenditures.
SECTION 4. Upon written request of the Mayor or five City 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 23rd day of May,
2023.
033061 SCANNED
3 day of , 2_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,
Council Members
Paulette Guajardo
Mayor
The above ordinance was passed by the following vote:
Paulette Guajardo
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
Jim Klein
Mike Pusley
Everett Roy
Dan Suckley
ATTEST
REBECCA HUEPTA
CITY SE CF ETAF%Y
'0 3 3 0 6 1
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: May 23, 2023 Legistar Number: 23-0891
Agenda Item:
One -Reading Ordinance appropriating $6,500,000.00 from the unreserved fund balance of the
Type A Arena Fund; transferring such funds to the Arena Capital Improvement Fund for urgent
mechanical improvements at the Arena and for capital improvements and enhancement to the
landscaping of the Arena; transferring $1,911,000.00 from the HOT Fund to the Convention
Center Capital Improvement Fund for urgent mechanical improvements at the Selena
Auditorium and for capital improvements and enhancement to the landscaping of the Convention
Center and Selena Auditorium; and amending the FY 2023 Operating & Capital Improvement
Budget.
Amount Required: $6,500,000
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
Arena
1130
251850
$6,500,000
HOT
1030-34-13606
548500
$1,911,000
Total
$8,411,000
0 Certification Not Required
irector of Financial Services
2
Date: 61 / /Wi3