HomeMy WebLinkAboutPO 7267: PAEDC, ADOPTING A BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025 P.O. NO. 7267
9/14/2024 LYN
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, 2024 AND ENDING SEPTEMBER 30, 2025 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
2024-2025 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
September , 2024 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
September 23, 2024.
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 funding for a salary increase of 3% for PAEDC staff has been
approved by the PAEDC Board of Directors effective October 1, 2024, contingent on the City
Council approval of the same salary increase for City staff
Section 3. That the funding for One Million Dollars from PAEDC to the Capital
Improvement Fund be reinstated for the next three years in accordance to Resolution Number
19-436 voted on by the people and approved by City Council accordingly at the September
17, 2024 special meeting with at least 5 votes.
Section 4. That the budget of PAEDC is hereby adopted and approved in the sum of
Nine Million, Five Hundred Ninety-Six Thousand,Nine Hundred Sixty Dollars ($9,596,960).
Section 5. 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 6. That this Ordinance is effective from and after its passage.
Section 7. 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., 2024,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES:
Mayor
Councilmembers
NOES:
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Thurman "Bill" Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO ADMINISTRATION:AD
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L�o i�� ' cam'" / /
Rona Burton, City Manager v
Terry Stokes, PAEDC Executive Director
APPROVED AS TO FORM:
Charles Zech, PAEDC Attorney •
Roxann Pais Cotroneo, City Attorney
APPROVED AS TO AVAILABILITY OF FUNDS:
, i(rindoJ6g- Le.(Jc_ri
Lynda Boswell, Director of Finance
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