HomeMy WebLinkAbout033328 ORD - 03/26/2024Ordinance amending the FY 2023-24 Corpus Christi Tax Increment
Reinvestment Zone #3 (TIRZ #3) budget, to increase expenditures by
a total of $3,690.60.
WHEREAS, the budget for Corpus Christi Tax Increment Reinvestment Zone No.
3 (TIRZ #3) was adopted as part of the City's FY 2023-24 operating budget in Ordinance
N o. 033151;
WHEREAS, the TIRZ #3 Board has approved an amendment to the FY 2023-24
Corpus Christi Tax Increment Reinvestment Zone #3 (TIRZ #3) budget, which increases
expenditures by $3,690.60 for the increased funding for the Corpus Christi Downtown
Management District's (DMD) Downtown Development Reimbursement Agreement
payout to Agnes Water, LLC, for $723.47 for tax year 2020 and $2,967.13 for tax year
2021; and
WHEREAS, the funds to reimburse Agnes Water, LLC for tax years 2020 and 2021
were not appropriated or included in the approved budget.
N OW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
S ECTION 1. That funds in the amount of $3,690.60 are appropriated from the unreserved
balance of Downtown TIF #3 Fund No. 1112.
S ECTION 2. That the FY 2023-24 operating budget adopted by Ordinance No. 033151 is
amended by increasing expenditures by $3,690.60.
Introduced and voted on the �� day of rnora\ , 2024.
PASSED and APPROVED on the 2U-W\ day of rncxith , 2024.
Paulette Guajardo,
y
ATTEST:
etainiScla
Rebecca Huerta, City Secretary
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: March 19, 2024 Legistar Number: 24-0364
Agenda Item:
Ordinance amending the FY 2023-24 Corpus Christi Tax Increment Reinvestment Zone #3
(TIRZ #3) budget, to increase expenditures by a total of $3,690.60.
Amount Required: $3,690.60
Activity No.
Amount
Fund
Name
Accounting
Unit
Account
No.
$3,690.60
1112-10279-57-
1112
540450
540450
$3,690.60
Total
■
e Certification Not Required
aft4V1Ak.- "Cleie•-1/ eyikri
Director of Financial Services
Date: / ?-(