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R2022-039 2022-02-14RESOLUTION NO. R2022-39 A Resolution of the City Council of the City of Pearland, Texas, declaring the Council’s intent to allocate additional funds, in the amount of $662,000.00 for drainage purposes in the General Fund beginning with Fiscal Year 2023; and allocating and additional $125,000.00 for Fiscal Year 2024 for a total combined allocation of $787,000.00. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the City Council recognizes the need for additional operation and maintenance funding for existing and planned drainage infrastructure. Section 2. That the City Council desires to take adopt proactive approach to drainage funding to ensure the City’s drainage system maintains its designed capacity throughout the life of the improvements. Section 3. That the additional allocation of a combined $787,000.00 to the General Fund for Drainage purposes would equal an approximate $0.0079 cents; increasing the current General Fund operation and maintenance rate from $0.3094 to $0.3173. Section 4. That the City Council hereby declares its intent to allocate additional funds for drainage purposes in the General Fund starting in Fiscal Years 2023 and 2024. Section 5. That the intent to allocate additional funds for drainage purposes is subordinate only to the intent to allocate funds for the full implementation of the 2021 Compensation and Classification Study. PASSED, APPROVED and ADOPTED this the 14th day of February, A.D., 2022. ________________________________ J.KEVIN COLE MAYOR ATTEST: ________________________________ CRYSTAL ROAN, TRMC, CMC CITY SECRETARY APPROVED AS TO FORM: ______________________________ DARRIN M. COKER CITY ATTORNEY DocuSign Envelope ID: 11C2288B-DD13-4051-A3C5-D9E190FF70CE