HomeMy WebLinkAboutPO 6467: AMENDING THE BUDGET FOR, EDC FISCAL YEAR BEGINNING 10/1/2014 AND ENDING 09/30/2015 P.O. No. 6467
6/02/15 pr
ORDINANCE NO.
AN ORDINANCE AMENDING THE BUDGET FOR THE CITY OF
PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION FOR FISCAL YEAR BEGINNING OCTOBER 1, 2014
AND ENDING SEPTEMBER 30, 2015 FOR PROFESSIONAL
SERVICES
WHEREAS, in September 2014, the City Council approved the budget for the City of
Port Arthur Section 4A Economic Development Corporation (the "PAEDC") per Ordinance 14-
39; and
WHEREAS, according to Ordinance 14-39, the City Council authorized the PAEDC
budget for the fiscal year for the sum of Eight Million, Five Hundred Eighty-Three Thousand,
Five Hundred Thirty-One Dollars ($8,583,531); and
WHEREAS, sufficient funds are available in the fund balance to fund this amendment of
$60,000 to be added to the professional services account; and
WHEREAS, on June 1, 2015, the PAEDC Board of Directors approved an amendment
to the budget in an amount not to exceed $60,000 for Professional Services; and
WHEREAS, the PAEDC bylaws require that the City Council approve its budget and
budget amendments.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR, TEXAS:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That the PAEDC budget is increased by $60,000 to be added for
professional services.
Section 3. That Section 2 of Ordinance 14-39 shall be amended to read: That the
budget of the City of Port Arthur Section 4A Economic Development Corporation is hereby
adopted and approved in the sum of Eight Million, Six Hundred Forty-Three Thousand, Five
Hundred Thirty-One Dollars ($8,643,531).
Section 4. That a copy of the caption of this Ordinance be spread upon the Minutes
of the City Council.
Section 5. That the ordinance shall be effective immediately.
READ, ADOPTED AND APPROVED on this day of A.D., 2015,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote:
AYES:
Mayor
Councilmembers
NOES:
Deloris "Bobbie" Prince, Mayor
ATTEST:
Sherri Bellard, City Secretary
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APPROVED:
Floyd Batiste, PAEDC CEO
APPROVED AS TO FORM:
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
4,,,s_J-2 ,,
Valecia R. Tizeno, -fty rney
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