HomeMy WebLinkAbout(01) 5529: BUDGET AMENDMENT City of Port Arthur
Finance Department
Memorandum
Steve Fitzgibbons, City Manager[ ~.~2~X/
To: Rebecca Underhill, CPA, Directo~Sffa~[~e
From:
Date: May 25, 2005
Re: P O 5529
Presented for City Council consideration and approval is PO 5529. This proposed ordinance appropriates
$2,300,000 from the Industrial Escrow Fund to fund the Williams and Rao, LP incentive agreement and the
land purchase agreement with Lagrone Services, LTD.
P. O. NO. 5529
RU: 05/25/05
ORDINANCE NO.
AN APPROPRIATION ORDINANCE AMENDING THE
BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 2004 AND ENDING SEPTEMBER 30, 2005 AS TO FUND
THE INCENTIVE AGREEMENT VOTH WILLIAMS AND
RAO, LP AND THE PURCHASE AGREEMENT WITH
LAGRONE SERVICES, LTD
WHEREAS, in accordance with Article XII, Section 9, of the City Charter, the City Council may
make emergency appropriations from time to time; and
WHEREAS, the City Council may make budget amendments for emergencies under Section
102.009 and for Municipal purposes under Section 102.010 Local Government Code.
WHEREAS, on September 14, 2004 the City Council approved and adopted Ordinance 04-53
which appropriated the 2004-2005 budget; and
WHEREAS, on November 9, 2004, the City Council approved and adopted Ordinance 04-72 which
amended Ordinance 04-53; and
WHEREAS, on December 14, 2004, the City Council approved and adopted Ordinance 04-78
which amended Ordinance 04-53; and
WHEREAS, on January 15, 2005, thc City Council approved and adopted Ordinance 05-06 which
amended Ordinance 04-53; and
WHEREAS, on March 1, 2005, the City Council approved and adopted Ordinance 05-17 which
amended Ordinance 04-53; and
WHEREAS, on March 29, 2005, the City Council approved and adopted Ordinance 05-24 which
amended Ordinance 04-53; and
WHEREAS, on May 24, 2005, the City Coancil approved and adopted Ordinance 05-40 which
amended Ordinance 04-53; and.
WHEREAS, the City Council desires to fund the additional $300,000 under the incentive agreement
with Williams and Rao, LP as outlined in PR 13148; and
WHEREAS, the City Council desires to fund PR. 13156, to be presented at the June 1, 2005 Council
meeting, to purchase property from Lagrone Services, LTD for $2,000,000; and
WHEREAS, these amendments are necessary for municipal purposes to meet unusual and
unforeseen emergency conditions as delineated in Section 102.009 (c) Local Government Code.
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 Section 24 of the Budget Ordinance 04-053 be inserted to read:
That there be and is hereby appropriated the sum of Two Million, Three Hundred Thousand Dollars
($2,300,000) to the Industrial Escrow Fund for the payment of the operating expenses of the City of Port
Arthur.
Section 3. That a copy of the caption of this Ordinance be spread upon the minutes of the City
Council.
Section 4. That this Ordinance shall be effective immediately.
READ, ADOPTED, AND APPROVED, this day of June, 2005, AD, at a Special
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
Ayes: Mayor
Councilmembers:
NOES:
Mayor
ATTEST:
Evangeline Green, City Secretary
APPROVED AS TO FORM:
Mark Sokolow, City Attorney
APPROVED FOR ADMINISTRATION:
Fitzgibbon,s, City Manager
[~ebecca Underhill, Finance Director
Z:\Finance\Ordinances~Bud Amend 6-1-05.do¢