Ord. 1076-1 03-24-03ORDINANCE NO. 1076-1
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
PEARLAND, TEXAS, AMENDING ORDINANCE NO. 1076, THE 2002-
2003 ANNUAL BUDGET ORDINANCE, BY AUTHORIZING CERTAIN
ADDITIONS TO THE TAX INCREMENT REINVESTMENT ZONE #2
FUND FOR MUNICIPAL PURPOSES; AUTHORIZING THE CITY
MANAGER OR HIS DESIGNEE TO TAKE ALL ACTIONS NECESSARY
TO FACILITATE THE CHANGES IDENTIFIED HEREIN WITHOUT
FURTHER APPROVAL OF CITY COUNCIL; PROVIDING A SAVINGS
CLAUSE, A SEVERABILITY CLAUSE, A REPEALER CLAUSE, AND
AN EFFECTIVE DATE; AND DECLARING AN EMERGENCY BECAUSE
THE NEED TO ADJUST THE CITY BUDGET INURES TO THE BENEFIT
OF THE PUBLIC AND, THEREFORE, BEARS DIRECTLY UPON THE
HEALTH, SAFETY AND WELFARE OF THE CITIZENRY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City Manager or his designee is authorized to make the
additions to the Tax Increment Reinvestment Zone #2 Fund as set out in Exhibit "A,"
attached hereto and incorporated herein by reference for all purposes, as authorized by
law for municipal purposes.
Section 2. That the City Manager or his designee is authorized to take all
actions necessary to facilitate the changes identified herein without further approval of
City Council.
Section 3. Declaration of Emergency. The Council finds and determines
that the need to adjust the City budget inures to the benefit of the public and, therefore,
bears directly upon the health, safety and welfare of the citizenry; and that this
Ordinance shall be adopted as an emergency measure, and that the rule requiring this
Ordinance to be read on two (2) separate occasions be, and the same is hereby
waived.
Section 4. Savings. All rights and remedies which have accrued in favor of
the City under this Chapter and amendments thereto shall be and are preserved for the
benefit of the City.
ORDINANCE NO. 1076-1
Section 5. Severability. If any section, subsection, sentence, clause, phrase
or portion of this Ordinance is for any reason held invalid, unconstitutional or otherwise
unenforceable by any court of competent jurisdiction, such portion shall be deemed a
separate, distinct, and independent provision and such holding shall not affect the
validity of the remaining portions thereof.
Section 6. Repealer. All ordinances and parts of ordinances in conflict
herewith are hereby repealed, but only to the extent of such conflict.
Section 7. Effective Date. This Ordinance shall become effective
immediately upon its passage and approval by the City Council.
PASSED and APPROVED on First and Only Reading this the 24th day of
March , A.D., 2003. r--�
ATTEST:
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
TOM REID
MAYOR
2
Exhibit A
TIRZ #2 Fund
Projected Fund Balance
October 1, 2002
Revenues & Sources
$ 138,865
$ 30,076
Total Available $ 168,941
Expenditures $ 125,000
Projected Fund Balance
September 30, 2003 $ 43,941