HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (R-97-12)-01/06/1997
RESOLUTION R-97-12
II A RESOLUTION AUTHORIZING THE EXPENDITURE OF 1996 COLLEYVILLE
ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE BONDS FOR
THE PURCHASE OF PARK LAND
I WHEREAS, an approved use of the 1996 Colleyville Economic Development
II Corporation Sales Tax Revenue Bonds is the acquisition of land for future
parks; and
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I WHEREAS, the Board of Directors wishes to use the 1996 bond funds to participate in
I the acquisition of the aforesaid park land; I
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II NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE I
COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION:
! I Sec 1. That an expenditure of up to $950,000 is authorized from the proceeds of
! the 1996 Colleyville Economic Development Corporation Sales Tax
II Revenue bonds for the purchase of land in Abstract A-232 Tracts 2, 2E,
Ii 2E1, and 2F for the purpose of park land acquisition.
\ I AND SO IT IS RESOLVED.
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I PASSED AND ADOPTED, this January 6, 1997.
WHEREAS, the City of Colleyville has recently contracted to purchase of 27 acres of
land in northwest Colleyville and approximately 25 acres of the land could
be used for a new park; and
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I ATTEST:
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