HomeMy WebLinkAboutOrdinances (O-99-1182)-10/05/1999
ORDINANCE 0-99-1182
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
APPROVIN G AND ADOPTING THE ANNUAL BUDGET FOR THE COLLEYVILLE
ECONOMIC DEVELOPMENT CORPORATION, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1,1999 THROUGH SEPTEMBER 30, 2000, A COPY OF SAME BEING ON
FILE IN THE OFFICE OF THE CITY SECRETARY, TO BECOME EFFECTIVE UPON
PASSAGE BY THE CITY COUNCIL.
WHEREAS, the by-laws 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 September 14, 1999 the Board of Directors of the Colleyville Economic
Development Corporation approved the following budget for expected
revenues and expenditu res;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
Sec. 1. THAT the budget of the proposed revenues and expend itures for the fiscal
year beginning October 1, 1999, and ending September 30, 2000, 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 herebyapproved and adopted by the City Council of the
City of Colleyville, Texas, as the official budget for the fiscal year beginning
October 1. 1999, and endin g Septem ber 30, 2000.
Sec. 2.
THAT the revenue and expenditure amounts for the Fiscal Year 2000
budget for the Colleyville Econom ic Developm ent Corporation are hereby
fixed as follows:
Revenues
Expenditu res
$ 1,349,987
$ 1,154,084
The first Reading and Public Hearing being conducted on Septem ber 21, 1999.
The second Reading and Public Hearing being conducted on October 5, 1999.
PASSED, APPROVED, AND ADOPTED BY THE CIi)~t~IL OF THE CITY OF
COLLEYVILLE, TEXAS, THISTHE~_ DAYOF ,1999 BYTHE
FOLLOWING VOTE:
Jody Short 0 V'"
Frank Carroll Qy I.
Ginny Tigue .
Michael Taylor art
Nelson Thibodeaux a-y u
Ordinance 0-99-1182
Page 2 of 2
ATTEST:
n, 4A~ k1~
J~;i;CMC
City Secretary
APPROVED:
DL~~
Mayor
A%~O FORM AND LEGALITY:
Ross Ttost~r
City Attorney