HomeMy WebLinkAboutOrdinances (O-12-1853)-09/18/2012ORDINANCE 0-12-1853
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, 2012
THROUGH SEPTEMBER 30, 2013; 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 28, 2012, 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 have determined that the
projects, included in the annual budget for the fiscal year
beginning October 1, 2012 through September 30, 2013,
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 CO~LEYVILLE, TEXAS:
Sec. 1. THAT the budget of the proposed revenues and expenditures
for the fiscal year beginning October 1, 2012, and ending
September 30, 2013, 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, 2012, and ending September 30,
2013.
ec. 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 $2,401,735
Expenditures $2,142,389
ND IT IS SO ORDERED.
Ordinance 0-12-1853
Page2of2
he first reading and public hearing being conducted on the 4t" day of
eptember 2012.
The second reading and public hearing being conducted on the 18th day of
September 2012.
PASSED AND AP ROVED by the City Council of th City f Colleyville, Texas,
on this the /c9~ day of 2012.
CITY OF COLLEYVILLE
/~~-~'~~ ~ ~
David Kelly
Mayor
PPROVED AS TO FORM AND LEGALITY:
~~11~~ ~. ~
~latthew C.G. Boyle
:ity Attorney
Cynthia Singleton, TRMC, CMC
City Secretary