HomeMy WebLinkAboutRES 082316-J - GEDCO BudgetRESOLUTION NO. 0'89316-J'
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, ACCEPTING THE PROPOSED 2017
BUDGET FOR THE GEORGETOWN ECONOMIC DEVELOPMENT
CORPORATION (GEDCO).
WHEREAS, the City is required by State Law, the Bylaws of the Georgetown Economic
Development Corporation (GEDCO), previously established pursuant to Vernon's Rev. Civ.
Stat. Ann., Article 5190.6 Section 4(A) to approve an annual budget; and
WHEREAS, the appropriations were approved by the GEDCO Type A Board on June
17, 2016; and
WHEREAS, the budget is for the fiscal year beginning October 1, 2016 and ending
September 30, 2017;
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.
SECTION 2. The City Council of the City of Georgetown hereby accepts the proposed
2017 budget of the Georgetown Economic Development Corporation (GEDCO) for the twelve
month period beginning October 1, 2016 and ending September 30, 2017 in accordance with
State Law and the GEDCO Bylaws.
RESOLVED this 23`d day of August, 2016.
ATTEST: THE CITY OF GEORGETOWN:
5 �•Vt'-
Shelley Now g By: Dale Ross
City Secretary Mayor
APPROVED AS TO FORM:
Charles -MA4613
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City Attorney
Resolution No. Os;)-3)�-S
Description: 2017 GEDCO Budget Resolution
Date Approved: August 23, 2016
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