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HomeMy WebLinkAboutRES 091305-E - TIP & Budget GTECRESOLUTION NO. 0 9 /3 ©S- E A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, ACCEPTING THE PROPOSED 5 YEAR TRANSPORTATION PLAN AS THE REQUIRED TRANSPORTATION IMPROVEMENT PLAN (TIP) FOR THE GEORGETOWN TRANSPORTATION ENHANCHMENT CORPORATION (GTEC), AND APPROVING YEAR 2005/06 AS THE PROJECT LIST TO BE INCLUDED IN THE ADOPTED 2005/06 GTEC BUDGET, WHEREAS, the City is required by State Law, the Amended Articles of Incorporation, and the Bylaws of the Georgetown Transportation Enhancement Corporation (GTEC), previously established pursuant to Vernon's Rev. Civ. Stat. Ann , Article 5190.6 Section 4(B) to approve a 5 Year Transportation Improvement Plan (TIP); and WHEREAS, year one of the project list is incorporated into the annual budget of GTEC, and WHEREAS, GTEC published notice of the projects to be funded by GTEC in the Williamson County Sun, on August 10, 2005 and August 14, 2005; and WHEREAS, a public hearing on the projects proposed by GTEC, and as shown in the above -referenced publication, was held on August 17, 2005. N OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: S ECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this ordinance implements the following policy of the Century Plan - Policy Plan Element: 1. Finance Policy Statement 13.0, which states: "All municipal operations are conducted in an efficient business -like manner and sufficient financial resources for both current and future needs are provided", and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. S ECTION 2 The City Council of the City of Georgetown hereby accepts the proposed Transportation Improvement Plan (TIP), and approves the proposed project list from year one of the TIP to be included and adopted as the 2005/06 Georgetown GTEC Budget Resolution No. 097305 — P:\AGENDA\2005\GTECTOCOUNCIL\GTECRESOLUTION DOC Page 1 of 2 Transportation Enhancement Corporation (GTEC) budget as required by State Law. SECTION 3. Budgetary expenses, such as administrative and non -project specific expenses may be expended on or after the date of this resolution Project specific funds may not be expended until the 61st day following the date after publication of the hearing notice, as shown above. RESOLVED this 1st day of September, 2005. ATTEST: Sandra D. Lee City Secretary APPROVED ASTO FOR Patricia Carls, Brown and Carls LLP City Attorney GTEC Budget Resolution No. ©! /305 -if P:\AGENDA\2005\GTECTOCOUNCIL\GTECRESOLUTION DOC Page 2 of 2 THE CITY OF GEORGETOWN: Mayor