HomeMy WebLinkAboutCity Council Resolutions (R-09-3152)-10/07/2009RESOLUTION R-09-3152
A RESOLUTION ESTABLISHING THE PARKS TOMORROW FUND AND
APPROVING THE PROJECT LIST AND AUTHORIZING ASSOCIATED
EXPENDITURES FOR SPECIFIED PROJECTS
WHEREAS, in August 2008 the City requested proposals for leasing of subsurface
minerals for approximately 280 acres of City property; and
WHEREAS, in October 2008, the City Council approved a lease agreement with Titan
Operating; and
WHEREAS, it is necessary to establish the Parks Tomorrow Fund and to budget
revenues received and expenditures planned from this fund for specific
projects; and
WHEREAS, in August 2009, a worksession was held with City Council to present a
project list with cost estimates for nine projects identified through an
approved process including guidelines, scoring and ranking.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT the Parks Tomorrow Fund has been established for the purpose of
funding approved park projects, facilities and improvements.
Sec. 2. THAT the Parks Tomorrow Fund project list, hereby referred to as Exhibit
"A" and the associated funding commitment is hereby approved.
AND IT IS SO RESOLVED.
APPROVED~~Y A VOTE OF .~ AYES, NAYS AND ~ ABSTENTIONS ON
THIS THE ~'="L DAY OF 2009.
ATTEST:
Cynthia Singleton, TRMC, CMC
City Secretary
CITY OF COLLEYVILLE
G-~--~ .
., ~'
David Kelly
Mayor
Exhibit "A"
Parks Tomorrow Fund Project List
Total PTF Money Available: $1,606,091.00
Projects: Estimates:
• Kidsville $ 400,000.00
• Recreation Software Upgrade $ 36,000.00
• Tennis Court Shade Structure $ 10,000.00
Total Expenditure: $ 446,000.00
Ending Balance: $1,160,091.00
Additional projects will be brought to City Council for consideration at the completion of the
Parks, Recreation and Open Space Master Plan Update and Capital Improvement Plan.