HomeMy WebLinkAbout033158 ORD - 09/05/2023Ordinance appropriating $1,700,000.00 of anticipated hotel occupancy
tax (HOT) revenues in the No. 1030 HOT Fund for a contractual payment
to Visit Corpus Christi and for an emergency declaration for a transformer
failure at American Bank Center; appropriating $330,000.00 from the
unreserved fund balance in the HOT Fund for professional consulting
services related to the Convention Center Expansion Project; and
amending the FY 2023 Operating Budget.
BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. Funds in the amount of $1,700,000.00 are appropriated from the anticipated hotel
occupancy tax (HOT) revenues in the No. 1030 HOT Fund for a contractual payment of
approximately $1,200,000.00 to Visit Corpus Christi and for the completion of repair work, under
an emergency declaration, totaling approximately $500,000.00 at the American Bank Center
resulting from a transformer failure.
SECTION 2. Additionally, funds in the amount of $330,000.00 are appropriated from the
unreserved fund balance in the No. 1030 HOT Fund for professional consulting services related
to the Convention Center Expansion Project.
SECTION 3. The FY 2023 Operating Budget adopted by Ordinance 032855 is amended by
increasing both revenues and expenditures by $1,700,000.00 and is further amended by
increasing expenditures an additional $330,000.00.
The foregoing ordinan e was read for the first time and passed to its second reading on this the
),yam day ofJ.)k , 2023, by the following vote:
Paulette Guajardo Jim Klein �y Q
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
Mike Pusley
Everett Roy
Dan Suckley
The foregoing ordinance was read for the second time and passed finally on this the
day ofj (; rA' .( , 2023, by the following vote:
Paulette Guajardo
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
AKRA\
Jim Klein
Mike Pusley
Everett Roy
Dan Suckley
0331
5 \N1
SCANNED
PASSED AND APPROVED on this the day of
ATTEST:C TY'' F CORP
•eZeN H—CA4
Rebecca uerta Paulette Guajar
City Secretary Mayor
033158
CHRISTI
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, 2023.