HomeMy WebLinkAboutOrdinances (O-97-1083)-10/03/1997
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Ii ORDINANCE 0-97-1083 I
I AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS, I
I APPROVIN G AND ADOPTING THE ANNUAL BUDGET FOR THE COLLEYVILLE
II ECONOMIC DEVELOPMENT CORPORATION, FOR THE FISCAL YEAR BEGINNING
ii' OCTOBER 1,1997 THROUGH SEPTEMBER 30,1998, A COPY OF SAME BEING ON 'I'
FILE IN THE OFFICE OF THE CITY SECRETARY, TO BECOME EFFECTIVE UPON
. i PASSAGE BY THE CITY COUNCIL. I
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WHEREAS, the by-laws of the Colleyville Economic Development Corporation require
I the Board of Directors of the Corporation to adopt a budget of proposed
'I revenues and expenditures and the budget must be formally approved by
I the City Council; and, 1
II' WHEREAS, on September 9, 1997 the Board of Directors of the Colleyville Econom ic
I' Development Corporation approved the following budget for expected
I revenues and expenditu res;
Ii NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF I
II COLLEYVI LLE, TEXAS: I
Sec. 1. THAT the budget of the proposed revenues and expend itures for the fiscal I
year beginning October 1 J 1997, and ending September 30, 1998, for the I
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 approved and adopted by the City Council of the
City of Colleyville, Texas, as the official budget for the fiscal year beginning I
October 1, 1997, and ending September 30, 1998. I
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THAT the revenue and expenditure amounts for the Fiscal Year 1998
budget for the Colleyville Economic Development Corporation are hereby
fixed as follows:
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i Sec. 2.
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Revenues
Expenditu res
$ 1,165,838
$ 1,013,207
The first Reading and Public Hearing being conducted on September 16, 1997.
The second Reading and Public Hearing being conducted on October 7, 1997.
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PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE ~_ DAY OF ~ . 1997 BY THE
FOLLOWING VOTE:
Steven Helling ~
Jack Martin ayt."
John Grace ayl...
Donna Arp ayt
Don Butler a.ye.
ATTEST:
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APPROVED:
JJ~
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Richard Newton
Mayor
J n Harris, CMC
C ty Secretary
~ED AS TO FORM AND LEGALITY:
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Ross T. Fos er
City Attorney
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