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Ord. 0635 11-09-92ORDINANCE NO. 635 5dc_v '!/aLZ /y AN ORDINANCE APPROPRIATING THE AMOUNT OF NINETY-TWO THOUSAND SEVEN HUNDRED ($92,700.00) DOLLARS FROM THE /� ENCUMBERED BALANCE OF THE FISCAL YEAR 1991-92 COUNCIL CONTINGENCY, AND FURTHER APPROPRIATING THE AMOUNT OF TWO HUNDRED FIFTY SEVEN THOUSAND THREE HUNDRED ($257,300.00) DOLLARS FROM THE GENERAL FUND FOR THE PURPOSE OF STREET MAINTENANCE, AND DECLARING AN EMERGENCY AS THESE APPROPRIATIONS ARE NECESSARY. TO PROTECT THE PUBLIC. HEALTH, SAFETY AND WELFARE, AND ARE NOT FOR REGULAR OR RECURRING REQUIREMENTS. WHEREAS, Ninety -Two Thousand Seven Hundred ($92,700.00) Dollars from the Council Contingency has been carried over and encumbered for the purpose of street maintenance; and, WHEREAS, the Financial Officer has represented that there exists the sum of Two Hundred Fifty -Seven Thousand Three Hundred ($257,300.00) Dollars in the General Fund; and, WHEREAS, the appropriation of these monies is immediately necessary for the purpose of street maintenanceunforeseen at the passage of the annual budget; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That there is hereby appropriated the total sum of Ninety -Two Thousand Seven Hundred (.$92,700.00) Dollars from the encumbered balance of Fiscal Year 1991-92, Council Contingency, and there is further appropriated the sum of Two Hundred Fifty Seven Thousand Three Hundred ($257,300.00) Dollars from the General Fund Balance for the purpose of street maintenance unforeseen at the passage of the annual budget. Section 2. The City Council finds and determines that the appropriation of these monies constitute an emergency appropriation necessary to meet a pressing need for public expenditure and not for regular or recurring requirements, and further are necessary to protect the public health, safety and welfare. The Council further finds and determines that the purpose of these expenditures was unforeseen at the time of the appropriations for the annual budget. Section 3. The City Manager is hereby authorized to draw against the balances hereby appropriated for the purposes of street maintenance. PASSED and APPROVED on First and Only Reading this the 9 day of ATTEST: PAT JONE CITY SEC 12 TARY APPROVED AS TO FORM: LESTER G. RORICK CITY ATTORNEY D., 1992. CT V. COPP G MAYOR CON ol peoilland P. O. Box 2068 • Pearland, Texos 77588-2068 • 485-2411 AGENDA ITEM To: Honorable Mayor and City Council From: Paul Grohman, City Manager Subject: Consideration and Possible Action - An Ordinance Appropriating Funds for Street Maintenance Date: November 4, 1992 When we first began identifying street projects, one source of funds was a balance of $760,090.00 in the 1988 Street Bonds left over from the first F.M. 518 widening project. The Orange Street Project was charged to this account and I had planned to charge the street reconstruction projects there also. However, now that the true cost of the upcoming F.M. 518 widening project is known, I recommend reserving the bond funds for F.M. 518. At our current pace, I anticipate that the street overlay funds will be exhausted by the end of November. If the City Council wishes to continue the Cooperative City/County Street Overlay Program with Brazoria County, you will need to allocate additional funds. To complete the list of street overlay projects (copy attached), we will need $325,000 to $350,000 more. There are several other potential sources Council action. First, a Council encumbrance of $92,700 is available. balance is in good shape ($2.5 million) could be utilized. However, City Council ordinance would be required. of funds, subject to City Contingency prior year Also, the General Fund and some of these funds approval of an emergency The attached emergency ordinance would allocate the $92,700 prior year encumbrance and $257,300 from the General Fund balance for street maintenance work. Staff recommends City Council approval of the ordinance. A summary of current sources of funds and projected costs is attached. Action 24-6 / 9 -�, /� 9