HomeMy WebLinkAboutPO 6035: ADOPTION OF BUDGET - PORT ARTHUR SECTION 4A EDCMemorandum City of Port Arthur, Texas Finance Department To: Steve Fitzgibbons, City Manager ~~ From: Rebecca Underhill, Assistant City g r Date: September 4, 2009 Subject: Proposed Ordinance No. 6035 Presented for Council consideration and approval is PO 6035 which adopts the Budget for the Port Arthur 4A Economic Development Corporation. The budget was approved by the PAEDC Board on June 15, 2009. This ordinance also allows for changes that have been approved, or have been proposed since that date: • 4.0% increase for EDC staff salary. P. O. 6035 JJA: 914/09 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, 2009 AND ENDING SEPTEMBER 30, 2010 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 2009-2010 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 Section 102.009 Local Government Code; and WHEREAS, the Section 4A Economic Development Corporation Board approved a proposed budget on June 15, 2009; and WHEREAS, the City budget includes a 4% salary increase and a like increase for EDC staff is deemed prudent, to keep their salary structure in line with City employees; and WHEREAS, the Section 4A Economic Development Corporation Budget was included in the City Manager's Budget as submitted to City Council on July 28, 2009; and WHEREAS, the City Council conducted a Public Hearing on the proposed budget on August 25, 2009; and 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 the City of Port Arthur Section 4A Economic Development Corporation is hereby adopted and approved in the sum of Four Million, Five Hundred Thousand dollars ($4,500,000) Section 3. That the funding for the salary increase for EDC staff is subject to the approval of the EDC Board of Directors who have the discretion to give a raise up to 4%. Section 4. That the Executive Director of the Economic Development Corporation 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 8th day of September, A.D., 2009, at a Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES City Council: NOES Mayor Deloris Prince City Secretary APPROVED AS TO FORM: J~ ~ ~"''" Mark Sokolow -City Attorney APPROVED FOR ADMINISTRATION: City Manager ~~~~~i/_2~~~ Assistant City Manager APPROVED FOR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION: Floyd Batiste APPROVED~A/S TO AVAILABILITY OF FUNDS: Director of Financ J Z: U=/nance12009BUdgetl0rdinaneeslEDC-BUDGET Y009.doe