HomeMy WebLinkAboutOrdinances (O-11-1807)-09/23/2011ORDINANCE 0-11-1807
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, 2011 THROUGH SEPTEMBER 30, 2012; 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, 2011, 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, 2011 through
September 30, 2012, 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, 2011, and ending September 30, 2012,
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, 2011, and ending September 30, 2012.
Sec. 2. THAT the revenue and expenditure amounts for the Fiscal Year 2012
budget for the Colleyville Economic Development Corporation are hereby
fixed as follows:
Revenues $1,898,691
Expenditures $1,640,056
AND IT IS SO ORDERED.
The f~ st readi g and pu lic hearing being conducted on the day of
2011.
The s co _ readi~~~d~~ic ,hearing being conducted on the day of
~.~ ~ 2011.
Ordinance 0-11-1807
Page 2 of 2
ATTEST,
~hthia Sing
ity Secretary
APPROVED AS TO FORM AND LEGALITY:
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V J. ~
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CITY OF COLLEYVILLE
~~~~~
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David Kelly `f
Mayor
Matthew C.G. Boyle
City Attorney