What is $ 18 million paid for in Corpus Christi?

What is $ 18 million paid for in Corpus Christi?

Repairs to elevators at Corpus Christi City Hall and a variety of improvements to urban golf courses could be in the works.

The city council decided on Tuesday to issue an additional $ 6.7 million in letters of commitment to fund a variety of additional projects.

The council approved its capital improvements budget for fiscal year 2020-21 in September. At the time, city officials identified 11 projects totaling $ 11.7 million that were to be paid for through promissory notes.

These included $ 1.3 million for cooling and heating work at the Science and History Museum, $ 2 million for road improvements at the Cefe Valenzuela landfill, and $ 1.2 million for work on a Flour Bluff police station .

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Corpus Christi town hall.

City officials later identified additional projects that were deemed necessary enough to include in the spending package that would potentially cost an additional $ 6.67 million, Heather Hurlbert, the city’s director of finance and business analysis, wrote in a memo dated May 17th to City Manager Peter Zanoni.

The elevators in the town hall were installed during the construction of the building more than 20 years ago.

Components of the elevators have reached their safe and operational life expectancy, according to a memo signed by Jeff H. Edmonds, director of engineering services for the city and Charles Mendoza, assistant director of asset management for the city. Replacing them is the best way to keep the public and staff safe, they wrote.

The work would take about 14 months.

Other projects funded as a result of Tuesday’s vote would include solid waste and landfill repairs and improvements, city documents said.

For the new projects to be financed by certificates, a majority of the council would have to approve a change.

What is a certificate of commitment?

In short, promissory notes are a public debt instrument made available to the governing bodies of cities, counties, and certain special districts.

COs can be issued “without voter approval” (unless a referendum is requested) and are backed by tax revenue, fee revenue, or a combination of both, ”according to the Texas Comptroller.

COs were originally authorized by Texas’ Certificate of Obligation Act of 1971. Cities, counties, and health or hospital districts can use them to fund the construction, demolition, or restoration of structures; Purchase of materials, supplies, equipment, machinery, buildings, land and rights of way; and pay for appropriate professional services. COs are issued for a term of up to 40 years and are usually backed by property taxes or other local revenue.

COs are often associated with emergency expenses, but their uses are not limited to such purposes. They can be used to fund public works as part of normal local government activities.

Source: Texas Comptroller’s Office

Here’s what it would be paid for

  • Renovation on the ground floor of the town hall $ 125,000
  • Conference room on the sixth floor of the town hall $ 480,000
  • Fences and gates of the town hall $ 135,000
  • Various system improvements $ 2,000,000
  • Museum of Science and History Cooling and Heating $ 1,342,440
  • Cefe Valenzuela landfill sector 2C cell development $ 517,000
  • Cefe Valenzuela gas collection and control system $ 315,000
  • Road improvements at the Cefe Valenzuela landfill $ 2,000,000
  • JC Elliott Landfill Road Improvements $ 1,100,000
  • Solid waste plant complex $ 2,516,500
  • Police Extension – Flour Bluff $ 1,200,000
  • Additional system improvements $ 3,000,000
  • Improvements to the golf course $ 2,300,000
  • Elevators in the town hall $ 1,250,000
  • Veterans Memorial Park $ 125,000

total $ 18,405,940

Source: City of Corpus Christi

Chris Ramirez writes about energy, trade and everything related to business. Support such local coverage by checking out our subscription options and specials at Caller.com/subscribe

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