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HomeMy WebLinkAboutRes 061003-N - Amend GTEC BudgetRESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, APPROVING THE ADDITIONAL PROJECT LIST AS AN AMENDMENT TO THE ADOPTED 2002/03 BUDGET FOR THE GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION; WHEREAS, the City is required by State Law to approve amendments to the proposed project list for the Georgetown Transportation Enhancement Corporation (GTEC), previously established pursuant to Vernon's Rev. Civ. Stat. Ann., Article 5190.6 Section 4(B); and WHEREAS, the GTEC published notice of the projects to be funded by GTEC, in the Williamson County Sun, on June 1, 2003; and WHEREAS, a public hearing on the projects proposed by GTEC, and as shown in the above - referenced publication, was held on June 10, 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 additional proposed project list for the Georgetown Transportation Enhancement Corporation (GTEC) to be included and adopted as an amendment in the 2002/03 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 615t day following the date after publication of the hearing notice, as shown above. RESOLVED this 10th day of June, 2003, GTEC Budget Resolution No. 0 P:\AGENDA\2003\GTECTOCOUNCIL\BA-BYPASS RESOLUTION.DOC Page 1 of 2 ATTEST: Sandra D. Lee City Secretary APPROVED AS TO FORM: Patricia Carls, Brown and Carls LLP City Attorney THE CITY OF GEORGETOWN: GTEC Budget Resolution No. 1 1)03 P:\AGENDA\2003\GTECTOCOUNCIL\BA-BYPASS RESOLUTION.DOC Page 2 of 2 GEORGETOWN TRANSPORTATION ENHANCEMENT CORPORATION NOTICE OF PUBLIC HEARING Tuesday, June 10, 2003, 5:00 P.M. Georgetown Municipal Complex Glasscock Conference Room 300 Industrial Avenue - Georgetown, Texas In accordance with Article 5190.6, Vernon's Annotated Texas Civil Statutes, the Georgetown Transportation Enhancement Corporation will hold a public hearing regarding the expenditures of 4B sales taxes for the fiscal year 2002/03 proposed transportation improvement plan. to be funded in FY2002103: Estimated Amount Northeast Loop at Lakeway Intersection project $ 300,000 State Highway 29 Southwest Bypass project $ 1,4001000 $ 1,700,000