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HomeMy WebLinkAboutRes 052703-J - GTEC Budget AmendmentRESOLUTIONNO. ... 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 $70,000 for the construction costs for the Rivery project; 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, a s i f c opied v erbatim. T he C ity C ouncil h ereby f inds t hat t his 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 $70,000 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 27th day of May, 2003. ATTEST: Sandra D. Lee City Secretary GTEC Budget Amendment 2002/03 No. O"J P:\AGENDA\2003\gtectocouncil\BAresolutionriv.doc Page I of 2 THE CITY OF GEORGETOWN: Mayor elon APPR VED AS TO FORM: Patricia Carls, Brown and Carls LLP City Attorney GTEC Budget Amendment 2002/03 No. P:\AGENDA\2003\gtectocouncil\BAresolutionriv.doc Page 2 of 2