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HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (R-97-13)-01/06/1997 11 I I I I :1 A RESOLUTION AUTHORIZING THE EXPENDITURE OF 1996 COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE BONDS FOR I THE CONSTRUCTION AND EQUIPMENT OF THE COMMUNITY CENTER I i I WHEREAS, an approved use of the 1996 Colleyville Economic Development Corporation Sales Tax Revenue Bonds is the construction and equipment ., of the Community Center; and I I WHEREAS, the City of Colleyville has recently began construction of the Community Center; and III WHEREAS. the Board of Directors wishes to use the 1996 bond funds to participate in I I the construction and equipment of the aforesaid community center; I III NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION: , II Sec 1. Ii i I I I I I i AND SO IT IS RESOLVED. II II PASSED AND ADOPTED. this January 6, 1997. !I i RESOLUTION R-97-13 That an expenditure of up to $1,000,000 is authorized from the proceeds of the 1996 Colleyville Economic Development Corporation Sales Tax Revenue bonds for the construction and equipment of the community center. I II ATTEST: I 'I~U~ II Je Harris Secretary I I II II II I !j U