HomeMy WebLinkAboutOrdinances (O-97-1066)-03/18/1997
ORDINANCE 0-97-1066
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEVVILLE, TEXAS,
AMENDING THE ANNUAL BUDGET FOR THE COLLEVVILLE ECONOMIC
DEVELOPMENT CORPORATION, FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
1996 THROUGH SEPTEMBER 30, 1997, A COpy OF SAME BEING ON FILE IN THE
OFFICE OF THE CITY SECRETARY, TO BECOME EFFECTIVE UPON PASSAGE BY
THE CITY COUNCIL.
WHEREAS, on February 19, 1997 the City Council approved Resolution R-97-1273
adopting an Economic Development Capital Improvement Plan, which
contains funding for the Bransford Park plan ($10,000), City entrance
markers ($200,000), City trails plan ($20,000), Kimzey Park plan ($10,000),
and restrooms for existing parks ($160,000), and
WHEREAS, these expend itures and the projected interest income from the sale of the
I 1997 were not included in the Colleyville Econom ic Development
Corporation budget approved by Ordinance 0-96-1048;
I NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
II COLLEVVI LLE, TEXAS:
Sec. 1. THAT the budget of the proposed revenues and expenditu res for the fiscal
year beginning October 1, 1996, and ending Septem ber 30, 1997, for the
Colleyville Econom ic Development Corporation, a copy of which is on file
in the office of the City Secretary, is hereby made a part of this ordinance
by reference and is hereby amended and adopted by the City Council of the
City of Colleyville, Texas, as the official budget for the fiscal year beginning
October 1, 1996, and ending September 30, 1997.
Sec. 2.
THAT the revenue and expenditure amounts for the Fiscal Year 1997
budget for the Colleyville Economic Development Corporation are hereby
fixed as follows:
II
Revenues
Expenditu res
$ 714,185
$ 630,998
The first Reading and Public Hearing being conducted on March 4, 1997.
The second Reading and Public Hearing being conducted on March 18, 1997.
PASSED, APPROVED AND ADOPTED ,BY THE CITY l~OUf')lCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THISTHE-1t~DAYOF 1La...tt....1L ,1997 BYTHE
I FOLLOWING VOTE:
I
I
I
____1
Steven Helling_JJJf.L
Jack Martin ~
John Grace ~
Steve Mc Kain ~
Don Butler fJ...J!L:.
y~
J;~
Ed Baker
Mayor
ATTEST:
J n Harris, CMC
City Secretary
H~D AS TO FORM AND LEGALITY:
Ross ~os~
City Attorney