HomeMy WebLinkAboutPO 6495: EDC TO FUND SALARY INCREASE OF 3% FOR PAEDC STAFF P.O. NO. 6495
11/5/15 fb
ORDINANCE NO.
AN APPROPRIATION ORDINANCE AMENDING THE BUDGET
FOR THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC
DEVELOPMENT CORPORATION FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30,
2016 BY $5,063,916.00 TO FUND SALARY INCREASE OF 3% FOR
PAEDC STAFF AND OBLIGATED FUNDS FROM FISCAL YEAR
2014—2015.
WHEREAS, in September 2015, the City Council approved the budget for the City of
Port Arthur Section 4A Economic Development Corporation (the " PAEDC") per Ordinance 15-
44; and
WHEREAS, according to Ordinance 15-44. the City Council authorized the PAEDC
budget for the fiscal year for the sum of Five Million, Three Hundred Twenty Four Thousand.
Eight Hundred Eighty Two Dollars ($5,324,882); and
WHEREAS, sufficient funds are available in the fund balance to fund this amendment of
Five Million, Sixty Three Thousand, Nine Hundred Sixteen Dollars ($5,063,916) to be added for
a 3% salary increase for PAEDC staff and obligated funds from fiscal year 2014-2015; and
WHEREAS, on November 2, 2015, the PAEDC Board of Directors approved an
amendment to the budget in an amount of$5,063,916 for a 3% salary increase for PAEDC staff
and obligated funds from fiscal year 2014-2015; 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 City of Port Arthur Section 4A Economic Development Corporation
budget is increased by $5,063,916 to be added for a 3% salary increase for the City of Port
Arthur Economic Development Corporation staff and obligated funds from fiscal year 2014-
2015.
Section 3. That Section 2 of Ordinance 15-44 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 Ten Million, Three Hundred Eighty-Eight Thousand, and Seven Hundred
Ninety-Eight Dollars ($10,388,798).
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
t •
ATTEST:
Sherri Bellard, City Secretary
APPROVED:
Floyd Batiste, PAEDC CEO
APPROVED AS TO FORM:
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
Valecia R. Tizeno, C' Att.rney
APPROVED AS TO AVAILABILITY OF FUNDS:
Jerry Dale, CPA/GFOA
Interim Finance Director e#1015'