HomeMy WebLinkAboutRES 082217-O - 2018 GEDCO BudgetRESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, ACCEPTING THE PROPOSED 2018
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 Type A Board on June
19, 2017; and
WHEREAS, the budget is for the fiscal year beginning October 1, 2017 and ending
September 30, 2018;
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.
SECTION 2. The City Council of the City of Georgetown hereby accepts the proposed
2017 budget of the Georgetown Economic Development Corporation (GEDCO) for the twelve
month period beginning October 1, 2017 and ending September 30, 2018 in accordance with
State Law and the GEDCO Bylaws.
RESOLVED this 22 day of August, 2017.
ATTEST.
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Shelley Naling
City Secret
APPROVE S TO FORM:
Charles Mc abb
City Attorney
Resolution No. Og Da I —2— 0
Description: 2018 GEDCO Budget Resolution
Date Approved: August 22, 2017
Page 1 of 1
THE CITY OF GEORGETOWN
A, 4 () L
By: Dal
Mayor