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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. \\GTOWN_4\DIV ISION\FINANCE\SHARE2\AGENDA\2003\GTECTOCOUNCIL\BARESOLUTION.DOC Page 1 of 2 APPROVED AS TO FORM: Patricia Carls, Brown and Carls LLP City Attorney GTEC Budget Amendment 2002/03 No. 022503" M \\GTOWN_4\DIV ISION\FINANCE\SHARE2W GENDA\2003\GTECTOCOUNCIL\BARESOLUTION.DOC Page 2 of 2