HomeMy WebLinkAboutRES 022503-M - GTEC Budget AmendmentRESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, APPROVING AN AMENDMENT TO THE 2002/03
GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION
BUDGET;
WHEREAS, the budget amendments for the GTEC budget require City Council approval;
WHEREAS, the GTEC board approved a budget amendment in the amount of $15,000 for
bond issuance costs and $15,725 for Phase II of the Comprehensive Transportation Plan on February
4, 2003;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS, THAT.
SECTION 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 End 14.0, 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.
SECTION 2. The City Council of the City of Georgetown hereby approves the proposed
amendment for $30,725 for the Georgetown Transportation Enhancement Corporation (GTEC) to
be included and adopted as the 2002/03 budget as required by the GTEC by-laws.
SECTION 3. The proposed amendment relates to administration expenses, which may be
spent upon approval of this resolution by Council..
RESOLVED this 25th day of February, 2003,
ATTES
Sandra D. Lee
City Secretary
THE CITY OF GEORGETOWN:
GTEC Budget Amendment 2002/03 No.
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APPROVED AS TO FORM:
Patricia Carls, Brown and Carls LLP
City Attorney
GTEC Budget Amendment 2002/03 No. 022503" M
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