HomeMy WebLinkAboutCity Council Resolutions (R-09-3151)-10/07/2009RESOLUTION R-09-3151
A RESOLUTION ESTABLISHING THE COLLEYVILLE 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 Colleyville Tomorrow Fund and to budget
revenues received and expenditures planned from this fund for specified
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 Colleyville Tomorrow Fund has been established for the
purpose of funding approved projects, facilities and improvements.
Sec.. 2. THAT the Colleyville 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 ~~'~,-DAY OF 2009.
ATTEST:
Cynthia Singleton, TRMC, CMC
City Secretary
CITY OF COLLEYVILLE
G~
David Kelly
Mayor
Exhibit "A"
Colleyville Tomorrow Fund Project List
Total CTF Money Available: $3,463,563.37
Projects:
Estimates:
Capital Repair/Replacement Fund $ 300,000.00
Street Sweeper $ 197,527.00
Public Works Service Center Study $ 45,000.00
Colleyville Center Renovation $ 661,325.00
105' Aerial Fire Apparatus $ 926,993.00
Total Expenditure: $2,130,845.00
Ending Balance: $1,332,718.37
Additional projects will be brought forward to City Council for consideration with
the remaining funds available.