HomeMy WebLinkAboutRES 082223-5.T - 2024 GEDCO BudgetRESOLUTION NO. O$ ZZ Z3 -5 7-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, ACCEPTING THE PROPOSED 2024 BUDGET
FOR THE GEORGETOWN ECONOMIC DEVELOPMENT
CORPORATION (GEDCO); REPEALING CONFLICTING
RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND
ESTABLISHING AN EFFECTIVE DATE.
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 July 17,
2023; and
WHEREAS, the budget is for the fiscal year beginning October 1, 2023 and ending
September 30, 2024;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS, THAT:
SECTION 1. The meeting at which this resolution was approved was conducted in
compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551.
SECTION 2. 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 3. The City Council of the City of Georgetown hereby accepts the proposed
2024 budget of the Georgetown Economic Development Corporation (GEDCO) for the twelve
month period beginning October 1, 2023 and ending September 30, 2024 in accordance with State
Law and the GEDCO Bylaws.
SECTION 4. All resolutions that conflict with the provisions of this resolution are hereby
repealed, and all other resolutions of the City not in conflict with the provisions of this resolution
shall remain in full force and effect.
SECTION 5. If any provision of this resolution, or application thereof, to any person or
circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or
application thereof, of this resolution, which can be given effect without the invalid provision or
Resolution No. C ZZ 23 S• T
Description: 2024 GEDCO Budget Resolution
Date Approved: August 22, 2023
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application, and to this end the provisions of this resolution are hereby declared to be severable.
SECTION 6. The Mayor is hereby authorized to sign this resolution and the City Secretary
to attest. This resolution shall become effective and be in full force and effect immediately in
accordance with the provisions of the City Charter of the City of Georgetown.
RESOLVED this 22nd day of August, 2023.
ATTEST:
THYITY OF GEORGETO W N :
Robyn Den ore : Jo chroeder
City Secretary yor
APPROVED AS TO FORM:
Skye asso
City Attorney
Resolution No. 0? Z ZZ3 -5. T
Description: 2024 GEDCO Budget Resolution
Date Approved: August 22, 2023
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