HomeMy WebLinkAboutOrdinances (O-96-1048)-11/06/1996
ORDINANCE 0-96-1048
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
APPROVIN G AND ADOPTING THE ANNUAL BUDGET FOR THE COLLEYVILLE
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,
the by-laws of the Colleyville Economic Development Corporation require
the Board of Directors of the Corporation to adopt a budget of proposed
revenues and expenditures and the budget must be formally approved by
the City Council; and,
on October 8, 1996 the Board of Directors of the Colleyville Economic
Development Corporation approved the following budget for expected
revenues and expenditu res;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
Sec. 1. THAT the budget of the proposed revenues and expend itures for the fiscal
year beginning October 1, 1996, and ending September 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 approved 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.
WHEREAS,
II
THAT the revenue and expenditure amounts for the Fiscal Year 1997
budget for the Colleyville Econom ic Developm ent Corporation are hereby
fixed as follows:
Revenues $ 514,185
Expenditures $ 230,998
I The first Reading and Public Hearing being conducted on October 15, 1996.
The second Reading and Public Hearing being conducted on November 6, 1996.
Sec. 2.
PASSED, APPROVED AND ADOPTED BY THE CIT~~\I=L OF THE CITY OF
COLLEYVILLE, TEXAS, THISTHEM_ DAY OF _,1996 BYTHE
FOLLOWING VOTE:
Steven Helling ave
Jack Martin ~
John Grace o..V~
Dennis Monaghan o...ye.
Don Butler o...ye.
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It
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I ATTEST:
rLUA .jJ~
J~~; CMC
City Secretary
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~~ FORM AND LEGALITY:
! Ross T. Foster
City Attorney
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APPROVED:
?JP
Ed Baker
Mayor
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