HomeMy WebLinkAboutOrdinances (O-07-1639)-09/18/2007ORDINANCE 0-07-1639
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, 2007 THROUGH SEPTEMBER 30, 2008; A COPY OF SAME BEING ON
FILE IN THE OFFICE OF THE CITY SECRETARY
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
WHEREAS, on August 28, 2007, 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 has determined that the projects, included in the annual
budget for the fiscal year beginning October 1, 2007 through September 30,
2008, 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. 1. THAT the budget of the proposed revenues and expenditures for the fiscal
year beginning October 1, 2007, and ending September 30, 2008, 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, 2007, and ending September 30, 2008.
Sec. 2. THAT the revenue and expenditure amounts for the Fiscal Year 2008 budget
for the Colleyville Economic Development Corporation are hereby fixed as
follows:
Revenues $ 1,567,869
Expenditures $ 1,307,864
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the °~"-"~ day of
:~,,o~ii~-~•~~t~tJ 2007.
The s cond reading and public hearing being conducted on the ~ day of
2007.
Ordinance 0-07-1639
Page 2 of 2
ATTEST•
'',Cynthia Singleton, TRMC, CMC
';City Secretary
'~
APPROVED AS TO FORM AND LEGALITY:
CITY OF COLLEYVILLE
~a..~,~'-E-~ -
David Kelly
Mayor
;Matthew C.G. Boyle
'!, City Attorney