HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (R-99-30)-09/09/1999
RESOLUTION R-99-30
A RESOLUTION APPROVING BOARD ACTION
UNDER BUSINESS AT THE MEETING OF THE
BOARD OF DIRECTORS OF THE COLLEYVILLE
ECONOMIC DEVELOPMENT CORPORATION
SEPTEMBER 14, 1999
WHEREAS, the Colleyville Economic Development Corporation Board of Directors
has taken action on certain items on the agenda under business.
NOW, THEREFORE, BE IT RESOLVED BY THE COLLEYVILLE ECONOMIC
DEVELOPMENT BOARD OF DIRECTORS OF THE CITY OF COLLEYVILLE,
TEXAS:
Sec. 1:
a.
b.
c.
THAT the agenda decisions approved by the Colleyville Economic
Development Corporation Board of Directors action under Business this
date and not otherwise adopted by separate Resolution, as follows are
hereby adopted:
THAT the revised Economic Development Capital Improvement
Program, as shown in Exhibit 1, is hereby approved.
THAT the CEDC Investment Policy is hereby accepted and approved.
THAT the CEDC Annual Report is hereby approved
AND IT IS SO RESOLVED.
PASSED 1;3)' A VOTE OF ~AYr;S, 0 NAYS, AND 0
THE~DAYOF .6e.pitm.hor ,1999.
ATTEST:
ABSTENTIONS ON
tJ~
an Harris, TRMC, CMC
Secretary
COLLEYVILLE ECONOMIC DEVELOPMENT COPRORATION
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 2000 - FY 2004
PROJECTED
FISCAL YEAR 1999 2000
BEGINNING FUND BALANCE
]~~$viNliEf.i:JHJIIrJlJJHJJJHlmJJJlJJ:t:J::J:m::mml::
PROJECTED 112 CENT SALES TAX REVENUE
INTEREST INCOME
USE OF FUND BALANCE
REMAINING FY 97 BOND PROCEEDS *
TOTAL REVENUES
:].~Nb.m)_W:ttt::ttt:ImtmII:tttt::::t:Imttt::::t::ttt
OPERATING:
ADMINISTRATIVE
1997 DEBT SERVICE & 1.4 TIMES COVERAGE
PROPOSED DEBT SERVICE & 1.4 TIMES COV
CAPITAL:
BRANSFORD PARK PLAN
BRANSFORD PARK RESTORATION
CITY ENTRANCE MARKERS
CITY PARK SHADE STRUCTURES
COMMUNITY CENTER STARTUP
KIMZEY PARK DEVELOPMENT
LIBRARY STARTUP *
MC PHERSON PARK PLAN *
PARK LAND PURCHASE
PARK MASTER PLAN UPDATE
SCHOOLJSOCCER FIELD PARK LAND *
SPARGER - NATURE CENTER TRAIL
RESTROOMS FOR EXISTING PARKS
TOTAL EXPENDITURES
EXCESS REVENUES OVER EXPENDITURES
ENDING FUND BALANCE
EXHIBIT 1
2001
2002
2003 2004
$719,079
$703,101
$469,038
$418,430
$304,170
$141,568
$836,428 $950,924 $1,026,998 $1,109,158 $1,197,890 $1.293,722
$100,000 $70,000 $130,000 $90,000 $50,000 $50,000
$15,978 $234,063 $50,608 $114,260 $162,602 $0
$0 $95,000 $400,000 $0 $0 $0
$952,406 $1,349,987 $1,607,606 $1,313,418 $1,410,493 $1,343,722
$7,400 $7,400 $7,400 $7,400 $7,400 $7,400
$692,432 $685,661 $678,206 $6n,018 $668,093 $666,044
$0 $0 $252,000 $252,000 $252,000 $252,000
$6,755 $0 $0 $0 $0 $0
$0 $75,000 $180,000 $0 $0 $0
$1,524 $1n,618 $0 $0 $0 $0
$45,000 $0 $0 $0 $0 $0
$30,692 $19,308 $0 $0 $0 $0
$0 $250,000 $0 $0 $0 $0
$0 $0 $300,000 $0 $0 $0
$0 $45,000 $100,000 $0 $0 $0
$0 $0 $0 $287,000 $0 $0
$15,000 $0 $0 $0 $0 $0
$0 $90,000 $90,000 $90,000 $90,000 $90,000
$0 $0 $0 $0 $393,000 $0
$153,603 $0 $0 $0 $0 $0
$952,406 $1,349,987 $1,607,606 $1,313,418 $1,410,493 $1,015,444
$0 $0 $0 $0 $0 $328,2n
$703,101 $469,038 $418,430 $304,170 $141,568 $469,845
* THE REMAINING 1997 BOND PROCEEDS ($495,000) ARE ALLOCATED TO SCHOOLJSOCCER FIELD PARK LAND ($50,000 _ FY 2000),
LIBRARY START-UP ($300,000 - FY 20(1), AND MC PHERSON PARK ($145,000 - FY 2000, & FY 20(1)