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HomeMy WebLinkAboutPO 7170: ADOPTING EDC FISCAL YEAR 23-24 BUDGET P.O. NO. 7170 KD 8/23/23 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, 2023 AND ENDING SEPTEMBER 30, 2024 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 2023-2024 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 7, 2023 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 28, 2023. 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 Eight Million, Seven Hundred Ninety-Nine Thousand, Four Hundred Eighty-Two Dollars ($8,799,482). Section 3. That the funding for a salary increase of 3% for PAEDC staff has been approved by the PAEDC Board of Directors effective October 1,2023, 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., 2023, 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 Terry Stokes, PAEDC Executive Director APPROVED AS TO FORM: Charles Zech, PAEDC Attorney Valecia R. Tizeno, City Attorney APPROVED AS TO AVAILABILITY OF FUNDS: Kandy Daniel, Finance Director #1583841 Page 3