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HomeMy WebLinkAboutPO 5247: BUDGET AMENDMENTTo: From: Date: Re: City of Port Arthur Finance Department Memorandum Steve Fitzgibbons, C~y Mal/a. ge/ Rebecca Underhill, D~l~tO~f~inance February 28, 2002 P.O. 5247 Recommendation Presented for Cour~cil Consideration and Approval is Proposed Ordinance'5247, which amends the 2001-2002 Capital Improvements Fund Budget. Background This Budget Ordinance addresses two issues. On March 5, 2002, the City of Port Arthur will issue $17 million in Certificates of Obligation. At the time the Budget was prepared, we had planned this issue to be in the amount of $15 million, $13 million for water projects and $2 million for other Capital Improvements Fund projects. Since that time, other projects came up that were deemed important enough to include funding in the issue, and the issue was increased to $17 million. These projects included the purchase of the landfill property, the local match on the Boardwalk extension, and the relocation of water lines in connection the Highway 365 widening project. The funding was included in the CO issue, and this ordinance with appropriate the project funds in the CIP. The Jefferson County Parks Board has nearly completed the Pleasure Island Golf Course. The Pleasure Island Commission has requested assistance in a funding shortfall of $300,000. A loan for this purpose has been proposed (see P.R. 11691 on this agenda). Budgetary Effect The funds for the Golf Course Project will be provided from available fund balance in the capital improvements fund. The funds for the other supplementary capital projects are being provided by the proceeds of the Certificates of Obligation. P. O. NO. 5247 ORDINANCE NO. AN APPROPRIATION ORDINANCE AMENDING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2001 AND ENDING SEPTEMBER 30, 2002 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 4, 2001 the City Council approved and adopted Ordinance 01-29 which appropriated the 2001-2002 budget, and WHEREAS, the City Council has determined that it is the best interest of the City of Port Arthur to assist the Pleasure Island Commission in the financing of the Pleasure Island Golf Course project in the amount of $300,000, and WHEREAS, the City Council has authorized the issuance of Certificates of Obligation to fund $2 million for projects in addition to those included in the original budget ordinance, and WHEREAS, the new projects include the pumhase of the land utilized as the City of Port Arthur Municipal Landfill in the amount of $500,000, the Boardwalk Extension Project in the amount of $500,000, and an increase in the Highway 365 Widening Project in the amount $1,000,000. WHEREAS, this amendment is necessary for municipal purposes and 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 Budget of the Capital Improvement Fund of City be increased to fund the following new projects: Landfill Purchase $ 500,000 Boardwalk Extension, Phase III 500,000 Highway 365 Widening, II 1,000,000 Pleasure Island Golf Course Project 300,000 Total $ 2,300,000 Section 2. That Section 17 of the Budget Ordinance 01-28 be amended to read: That there be and is hereby appropriated the sum of Seven Million, Two Hundred Seventy Five Thousand, Three Hundred Seventy One Dollars ($7,275,371) to the Capital Improvements Fund for the following projects: Griffing Drive & 32~d Street $ 663,400 Hwy. 365 Widening 250,000 Infrastructure Improvements Downtown Covered Pavilion/Stage 7th Street Widening Major Drainage Outfalls Boardwalk Project, Phase II Bike Paths Police Roof Repairs City Health Facility City Hall Renovations Lakeview Community Center Hwy. 73 Firestation Property Pleasure Island Erosion Control Landfill Construction and Evaluation A. D. A. Compliance Phase II, Stormwater Plan Landfill Purchase Boardwalk Extension, Phase III Highway 365 waterline relocation Pleasure Island Golf Course Project Total 250,000 126.762 250,00O 80,000 295,000 129,004 185,000 521,205 265,000 30,000 180,000 140,000 1,500,000 60,000 50,000 500,000 500,000 1,000,000 300,000 $ 7,275,371 Section 5. That pursuant to Section 102.009 Local Government Code, a copy of the amendment shall be attached by the City Secretary to the original budget and shall be filed with the County Clerks of Orange and Jefferson Counties. READ, ADOPTED, AND APPROVED, this day of March, 2002, AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: Ayes: Mayor Councilmembers: NOES: Mayor ATTEST: Jan Stroder, Acting City Secretary APPROVED AS TO FORM: Mark Sokolow, City Attorney APPROVED FOR ADMINISTRATION: Steve Fitzgibbons, City Manager Rebecca Underhill, Finance Director