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HomeMy WebLinkAboutRES 091013-LA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, ACCEPTING THE PROPOSED 2013114 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 4A Board on July 15, 2013; and WHEREAS, the budget is for the fiscal year beginning October 1, 2013 and ending September 30, 2014; 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 resolution complies with the Vision Statement of the City of Georgetown 2030 Comprehensive Plan. SECTION 2. The City Council of the City of Georgetown hereby accepts the proposed 2013/14 budget of the Georgetown Economic Development Corporation (GEDCO) for the twelve month period beginning October 1, 2013 and ending September 30, 2014 in accordance with State Law and the GEDCO Bylaws. RESOLVED this 10TH day of September, 2014. ATTEST: Je V si a Brettle Ci ecretary APP OVED AS ,RM: -: Bridget Chap an 1 City Attorney J Resolution No. 0 1 — L.... Description: 2013/14 GEDCO Budget Resolution Date Approved: September 10, 2013 Page I of I THE C ITY OF GEORGETOWN: y: Geor Garver Mayor