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HomeMy WebLinkAboutPO 7093: ADOPTING A BUDGET FOR THE EDC ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023 P.O. NO. 7093 KD 8/19/22 ORDINANCE NO. AN APPROPRIATION ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION FOR THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023 IN ACCORDANCE WITH SECTION 12.03 OF THE BYLAWS OF THE CORPORATION WHEREAS,the City Council desires to approve and adopt the budget for fiscal year 2022-2023 for the City of Port Arthur Section 4A Economic Development Corporation ("PAEDC"); and WHEREAS, this Ordinance is necessary for municipal/corporation purposes as delineated under §102.009 Local Government Code; and WHEREAS,the PAEDC Board of Directors approved a proposed budget at its August 8, 2022 meeting; and .WHEREAS, the PAEDC budget was included in the City Manager's budget as submitted to City Council; and WHEREAS, the City Council conducted a public hearing on the proposed budget on August 29, 2020. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the budget of PAEDC is hereby adopted and approved in the sum of Seven Million. Three Hundred Six Thousand, Sixty-Eight Dollars ($7,306,068). A Section 3. That the funding for a salary increase of 3.5% for PAEDC staff has been approved by the PAEDC Board of Directors effective October 1, 2022, contingent on the City Council approval of the same salary increase for City staff. Section 4. That the Executive Director of PAEDC shall file a true and correct copy of the Ordinance and the budget with the County Clerk of Jefferson County, the County Clerk of Orange County, and with the Texas Department of Economic Development. Section 5. That this Ordinance is effective from and after its passage. Section 6. That a copy of the caption of this Ordinance be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of A.D., 2022, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Councilmembers • NOES: Thurman "Bill" Bartie,Mayor #1583841 Page 2 ATTEST: Sherri Bellard, City Secretary APPROVED AS TO ADMINISTRATION: Ronald Burton, City Manager Krystle Muller, PAEDC Interim Executive Director APPROVED AS TO FORM: Charles Zech, PAEDC Attorney at— kektgi z alecia R. Tn e o, Ci ty Attorne y APPROVED AS TO AVAILABILITY OF FUNDS: � c. ,rC Kandy Daniel Interim Finance Director #1583841 Page 3