HomeMy WebLinkAboutRES 031202-W-2RESOLUTION NO. 0C3/a02.- GU-;-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, APPROVING THE 2001/02 PROJECT LIST AS
THE ADOPTED 2001/02 BUDGET FOR THE GEORGETOWN
TRANSPORTATION ENHANCEMENT CORPORATION;
WHEREAS, the City is required by State Law to approve 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 March 6, 2002; and
WHEREAS, a public hearing on the projects proposed by GTEC, and as shown in the above -
referenced publication, was held on March 12, 2002.
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
project list and map for the Georgetown Transportation Enhancement Corporation (GTEC), attached
hereto as Exhibits "A" and `B," to be included and adopted as the 2001/02 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 61St day following the date after publication of the hearing notice, as shown above.
RESOLVED this 12th day of March, 2002.
GTEC Budget Resolution No. 0 31 *7 02 " W— Z-
C:\TEMP\RESOLUTION APPROVING PROJECTS 3.5.02.DOC
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ATTEST:
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
/.;��
Patricia Carls, Brown and Carls LLP
City Attorney
GTEC Budget Resolution No. 0 3 ! A v 2, — W— -Z
CATEMP\RESOLUTION APPROVING PROJECTS 3.5.02.DOC
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THE CITY OF GEORGETOWN:
�y: MaryEllen Kersch
Mayor
Georgetown Transportation Enchancement Corporation
Proposed 2001/02 Budget
Beginning Fund Balance
REVENUES:
Sales Tax Revenues
Developer Contributions:
Quorum (Rivery Bridge)
Quorum (Rivery Blvd)
Rivery Partners (Rivery Blvd)
Debt Proceeds:
Rivery Bridge & Blvd
SH 29 Connector
Interest
Total Revenues
EXPENDITURES:
Issuance Costs & Reserve Funding
Administrative Expense
Legal Expense
Inspection Services
Transportation Improvements:
Sidewalks /Curb & Gutter
Transportation Model Update
Rivery Bridge Approches (2)
Rivery Bridge
Rivery Blvd
SH 29 Connector
ROW - Inner Loop (East)
ROW - SH 130
Total Expenditures
Available Fund Balance
'Res. 031a0a -w -a
F-xh i b>i f- "'A"'
1,820,000
1,100,000
600,000
750,000
2,970,000
1,330,000
20,000
$ 8,590,000
545,000
26,400
15,000
50,000
500,000
70,000
280,000
3,575,000
1,500,000
1,150,000
270,000
250,000
$ 8,231,400
E,
358,600
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