HomeMy WebLinkAboutOrdinances (ORDINANCE O-16-1987)-09/20/2016ORDINANCE 0-16-1987
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS, APPROVING AND ADOPTING THE ANNUAL BUDGET FOR THE
COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION, FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2016 THROUGH SEPTEMBER
30, 2017; A COPY OF SAME BEING ON FILE IN THE OFFICE OF THE
CITY SECRETARY
WHEREAS, the Bylaws 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
WHEREAS, on August 23, 2016, the Board of Directors of the Colleyville
Economic Development Corporation approved the following
budget for expected revenues and expenditures; and
WHEREAS, the Colleyville Economic Development Corporation Board of
Directors and the City Council have determined that the projects,
included in the annual budget for the fiscal year beginning
October 1, 2016 through September 30, 2017, further the
objectives of the purpose of the Colleyville Economic
Development Corporation, as established by the electorate of the
City and the provisions of state statute.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. i. THAT the budget of the proposed revenues and expenditures for
the fiscal year beginning October 1, 2016, and ending
September 30, 2017, for the Colleyville Economic 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, 2016, and ending September 30, 2017.
Ordinance 0-16-1987
Page 2 of 2
Sec. 2. THAT the revenue and expenditure amounts for the Fiscal Year
2017 budget for the Colleyville Economic Development
Corporation are hereby fixed as follows:
Revenues
Expenditures
AND IT IS SO ORDERED.
$2,743,720
$2,502,971
The first reading and public hearing being conducted on the 6th day of
September 2016.
The second reading and public hearing being conducted on the 20th day of
September 2016.
APPROVED BY A VOTE OF �0 AYES, D NAYS, AND b ABSTENTIONS ON
THIS THE 20T" DAY OF SEPTEMBER 2016.
Mayor Richard Newton Q.�,.� Mayor Pro Tem Chris Putnam ��
Place 1, Tammy Nakamura �� Place 5, Nancy Coplen ��
Place 2, Bobby Lindamood A� Place 6, Mike Taylor .���
Place 4, Jody Short �.� � �
TiEST:
Amyl9helley, -
City Secretary
APPROVED AS TO FORM AND LEGALITY:
~`�� � � 1 C..
�
Matthew C. G. Boyle
City Attorney
TY OF COLLEYVILLE
t�''"'�
Richard Newton
Mayor