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MEMOKANDUM
To: Mayor, City Council, and, w ~/3City M~aager
Date: May 19, 2006
- ~/ /~
Subject: P. O. No. 5610 - May 23, 2006 Council Meeting
Attached is P. O. 5610 amending the budget for the City
of Port Arthur Section 4A Economic Development Corporation for
the fiscal year beginning October 1, 2005 and ending September
30, 2006.
FB:ts
Attachment
z .po5610 .memo
P. O. No. 5610
05/19/06 ts
ORDINANCE NO.
AN ORDINANCE ANENDIN~ THE BUDGET FOR THE CITY
OF PORT ARTuu~ SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION FOR THE FISCAL YEAR BE~INNIN~
OCTOBER 1, 2005, AND ENDING SEPTEMBER 30, 2006
WHEREAS, the City Council approved the Budget for the City of
Port Arthur Section 4A Economic Development Corporation on October
1, 2005 per Ordinance No. 05-73; and;
WHEREAS, the development reserve was budgeted as to contain
$4,000,000 in funds; and,
WHEREAS, the total operating budget for Special Projects is
$2,229,000, with $1,500,000 designated as General Development; and,
WHEREAS, on March 6, 2006, the City of Port Arthur Section 4A
Economic Development Corporation Board approved a $2,000,000
transfer from the Development Reserve, Account No. 120-0000-271.02-
00, for fiscal year ending September 30, 2006, to the current
operating budget for Development, Account No. 120-1429-582.56-01,
to fund current and proposed projects during the current fiscal
year; and
WHEREAS, the City of Port Arthur Section 4A Economic
Development Corporation Bylaws requires that the City Council
approve its budget.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF PORT A~T~uR, TEXAS:
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Section 1. That the facts and opinions in the preamble are
true and correct.
Section 2. That the City Council approves this budget
amendment and approves a $2,000,000 transfer from the Development
Reserve, Account No. 120-0000-271.02-00, for the fiscal year ending
September 30, 2006, to the current operating budget for
Development, Account No. 120-1429-582.59-01, to fund current and
proposed projects during the current fiscal year.
Section 3. 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., 2006, 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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~YOR
ATTEST=
CITY SECRETARY
APPRO~D AS TO FO~:
CITY ATTO~EY
APPRO~D FOR ~MINIST~TION~
CITY ~AGER
ROVED AS TO THE AVAIL~ILITY OF F~S=
DIRECTOR OF FIN~CE
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