HomeMy WebLinkAboutCity Council Resolutions (R-97-1273)-02/18/1997
RESOLUTION R-97-1273
A RESOLUTION APPROVING THE COLLEYVILLE ECONOMIC DEVELOPMENT
CORPORATION CAPITAL IMPROVEMENT PLAN
WHEREAS, the Bylaws of the Colleyville Economic Development Corporation require
that an Econom ic Development Capital Improvement Plan be developed
setting forth long and short term goals that address the needs of the City
within the financial constraints of revenues available to the Corporation and
that the plan be approved by the City Council; and
WHEREAS, the Board of Directors has developed and approved an Economic
Development Capital Improvement Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE:
See 1.
That the Economic Development Capital Improvement Plan of the
Colleyville Econom ic Developm ent Corporation (Exhibit A) is hereby
approved.
AND SO IT IS RESOLVED.
Passe~y a vote of 5 ayes,
/ t - day of H1.Jru rY
,
o nays, and 0
,1997.
abstentions on this
ATTEST:
CITY OF COLLEYVILLE
().f 1At- jJ~
J n Harris
City Secretary, TRMC, CMC
llU
Ed Baker
Mayor
- '~---""-""----l'~--"'-'-~
COLLEYVILLE ECONOMIC DEVELOPMENT COPRORATION
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 1997. FY 2001
EXHIBIT A
FISCAL YEAR
1997
1998
1999
2000
2001
lil.lll&la!!iIi~!iii]liiiiiIi]ifmli!!]i~:~!:i:i!i~liIif~!iiIiili:iiiI!lii~iiMli
PROJECTED 1/2 CENT SALES TAX REVENUE
$521,585
$850,731
$935,804
$1,029,384
$1,132,322
INTEREST INCOME
$200,000
$150,000
$50,000
$0
$0
TOTAL REVENUES
$721,585
$1,000,731
$985,804
$1,029,384
$1,132,322
1111.I!lBI~~~~~~~~~~f:~~1~~f:~~~f:~~~~1~1~~1f:~111j11~~11~1~11~m1~11~mml~1f:111!f:1111~11jjljjmlj!lj!ll!f:I~!lj!
OPERATING:
ADMINISTRATIVE
$7,400
$7,400
$7,400
$7,400
$7,400
1997 DEBT SERVICE & 1.4 TIMES COVERAGE
$313,037
$503,096
$692,432
$685,661
$678,206
CAPITAL:
BRANSFORD PARK PLAN
$10,000 $0 $0 $0 $0
$0 $55,000 $50,000 $165,000 $50,000
$200,000 $0 $0 $0 $0
$0 $0 $0 $0 $50,000
$20,000 $0 $0 $0 $0
$0 $200,000 $50,000 $0 $0
$10,000 $0 $0 $0 $0
$0 $200,000 $0 $0 $0
$0 $0 $150,000 $100,000 $100,000
$0 $0 $0 $0 $200,000
$0 $0 $0 $50,000 $0
$160,000 $0 $0 $0 $0
$720,437 $965,496 $949,832 $1,008,061 $1,085,606
$1,148 $35,235 $35,972 $21,323 $46,716
BRANSFORD PARK RESTORATION
CITY ENTRANCE MARKERS
CITY HALL PLAN
CITY TRAILS PLAN
COMMUNITY CENTER STARTUP
KIMZEY PARK PLAN
KIMZEY PARK DEVELOPMENT
LIBRARY STARTUP
MC PHERSON LAND PARK PLAN
PARK DEVELOPMENT PLAN
RESTROOMS FOR EXISTING PARKS
TOTAL EXPENDITURES
EXCESS REVENUES OVER EXPENDITURES
-.-----r