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ORDINANCE 0-13-1884
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, 2013
THROUGH SEPTEMBER 30, 2014; 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 27, 2013, 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, 2013 through September 30, 2014,
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, 2013, and ending
September 30, 2014, 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, 2013, and ending September 30,
2014.
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Ordinance 0-13-1884
Page 2 of 2
Sec. 2. THAT the revenue and expenditure amounts for the Fiscal Year
2014 budget for the Colleyville Economic Development
Corporation are hereby fixed as follows:
Revenues $2,324,561
Expenditures $2,066,709
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 3rd day of
September 2013.
The second reading and public hearing being conducted on the 17th day of
September 2013.
PASSED AND APPROVED by the City Council of the City of Colleyville, Texas,
on this the 1141 day of 2013.
ATTEST: CITY OF COLLEYVILLE
411 it, 0
• •
Amy - elley, TRMC David Kelly
City Secretary Mayor
APPROVED AS TO FORM AND LEGALITY:
1\ °I it
Matthew C.G. Boyle
City Attorney