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File #: 230529    Version: Name:
Type: Ordinance Status: Passed
File created: 6/15/2023 In control: Council
On agenda: 8/17/2023 Final action:
Title: Sponsor(s): Councilmembers Eric Bunch and Katheryn Shields Appropriating $2,000,000.00 from the Unappropriated Fund Balance of the General Obligation Bond Series 2024A Q1-22 Project Fund, designating requisitioning authority; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Parks and Recreation to allocate appropriated funds; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.
Sponsors: Eric Bunch, Katheryn Shields, Crispin Rea
Attachments: 1. 230529 FINAL - Jarboe Pool Docket Memo, 2. Public Testimony 230529-Shawn Tolivar, 3. compared version 230529 cs, 4. 230529 as amd Compared version 8.10.pdf, 5. Authenticated Ordinance 230529 C.S.A.A.
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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 230529, AS AMENDED

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Sponsor(s): Councilmembers Eric Bunch and Katheryn Shields

Appropriating $2,000,000.00 from the Unappropriated Fund Balance of the General Obligation Bond Series 2024A Q1-22 Project Fund, designating requisitioning authority; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Parks and Recreation to allocate appropriated funds; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.

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WHEREAS, the Jarboe Park pool was dedicated on July 9, 1955, and is currently closed due to poor condition; and

WHEREAS, on October 20, 2022, the City Council passed Resolution No. 220900 which directed the City Manager to identify funds to restore and renew the Jarboe Park and Tony Aguirre Center pools; and

WHEREAS, pursuant to General Obligation Bond Law, a special election was also duly held in the City on Tuesday, November 8, 2022 (the "2022 Election"), on the question of whether to issue general obligation bonds of the City in an amount not to exceed $125,000,000.00 for the purpose of paying for the acquisition, construction, renovation, improvement, equipping, and furnishing of City parks, recreation, and entertainment facilities (the "Parks and Entertainment Facilities Question"); and

WHEREAS, pursuant to Ordinance No. 220918, As Amended, the total amount for the citywide allocation of city parks projects is $20 million and the total amount for the in-district allocations is $60 million with $10 million for each council district; and

WHEREAS, Ordinance No. 230184, As Amended, established the General Obligation Series 2023 Bond Fund in the amount of $40,600,000.00 which included $5.25 million for the citywide allocation of parks projects; and

WHEREAS, the Cit...

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