HomeMy WebLinkAboutRES 082410-J - Budget & Tax GVPIDRESOLUTION NO
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE 2010/11 BUDGET AND RELATED PROPERTY
TAX ASSESSMENT FOR THE GEORGETOWN VILLAGE PUBLIC
IMPROVEMENT DISTRICT #1
WHEREAS, the City is required by State Law to approve the proposed budget and
related property tax assessment for the Georgetown Village Public Improvement District #1
(PID); and
WHEREAS, the proper notice of the property tax assessment was published in the
Williamson County Sun; and
WHEREAS, the assessment supports the service plan for the PID as previously
established.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN TEXAS, THAT:
SECTION 1. The City Council of the City of Georgetown hereby approves the proposed
budget and property tax assessment for the Georgetown Village Public Improvement District #1
to be adopted and levied as required by State Law
RESOLVED this 24th day of August, 2010.
ATTEST:
All I
ssica Brettle
y Secretary
APPROVED AS TO FORM:
Mark Sokolow
City Attorney
Village PID Resolution No.
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THE CITY OF GEORGETOWN:
Mayor
Georgetown Village PID #1 Board 2011 Budget
August 10, 2010 Proposed
2011 Budget
Estimated Revenue (calculation
from WCAD AV report)
Expenditures
Administrative (4%
of estimated 2011
revenue)
Contracts (70% of
estimated 2011
revenue)
$195,392.00
7,815.68
136,774.40
Miscellaneous (7%of
estimated 2011
revenue)
13,677.44
Utilities (21% of
estimated 2011
revenue)
41,032.32
Total Estimated Annual Costs
99,299.84
Beginning Fund Balance - Info. Provided by City of Georgetown
74,734.00
Budget Deficit or Surplus
$ 70,826.16
Village PID Resolution No.
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