HomeMy WebLinkAboutOrdinances (O-08-1676)-05/06/2008ORDINANCE 0-08-1676
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
AMENDING ORDINANCE 0-07-1639 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 Board of Directors of Colleyville Economic Development Corporation
desired that $160,000 of the $170,000 budgeted for the Webb House trail
project be reallocated to the Pleasant Run Trail project; and
WHEREAS, on April 15, 2008, the Board of Directors of the Colleyville Economic
Development Corporation amended the annual budget approving the
aforementioned re-allocation of funds to the Pleasant Run Trail project from
the Webb House trail project and this budget amendment must be formally
approved by the City Council; and
WHEREAS, the Colleyville Economic Development Corporation Board of Directors and
the City Council has determined that the Pleasant Run Trail project, included
in the amended annual budget for the fiscal year beginning October 1, 2007
through September 30, 2008, furthers 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 revenue and expenditure amounts for the Fiscal Year 2008 budget
for the Colleyville Economic Development Corporation are hereby fixed as
follows and that $160,000 be reallocated from the Webb House trail project
to the Pleasant Run Trail project:
Revenues $ 1,567,869
Expenditures $ 1,307,864
Sec. 2. THAT the City Manager is authorized to execute all contracts and
agreements approved as a part of the budget.
AND IT IS SO ORDERED.
The ~rst reading and public hearing being conducted on the /~-"~" day of
2008
The second reading and public hearing being conducted on the ~ day of
2008
Ordinance 0-08-1676
Page 2 of 2
ATTEST:
Cynthia Singleton, TRMC, CMC
City Secretary
CITY OF COLLEYVILLE
~~
David Kelly
Mayor
APPROVED AS TO FORM AND LEGALITY:
~.
Matthew C.G. Boyle
City Attorney