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HomeMy WebLinkAboutRES 082223-5.V - 2024 GEDCO BudgetRESOLUTION NO. (M1,23 -S V A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, ACCEPTING THE 2024 PROPOSED PROJECT LIST OF THE GEORGETOWN TRANSPORTATION ENHANCHMENT CORPORATION (GTEC); APPROVING THE 2024 GTEC BUDGET; REPEALING CONFLICTING RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City is required by State Law, the Amended Articles of Incorporation, and the Bylaws of the Georgetown Transportation Enhancement Corporation (GTEC), previously established pursuant to Vernon's Rev. Civ. Stat. Ann., Article 5190.6 Section 4(B), to approve GTEC's annual operating budget; and WHEREAS, projects identified in the 2024 Project List are incorporated into the annual budget of GTEC. 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 project list included in the 2024 Georgetown Transportation Enhancement Corporation (GTEC) budget as approved by the GTEC Board on July 19, 2023. SECTION 4. Budgetary expenses, such as administrative and non -project specific expenses may be expended on or after the date of this resolution. SECTION 5. All resolutions that conflict with the provisions of this resolution are hereby repealed, and all other resolutions of the City not in conflict with the provisions of this resolution shall remain in full force and effect.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 6. 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 application, and to this Resolution No. O%2223 -5. Page 1 of 1 Description: 2024 GTEC Budget Resolution Date Approved: August 22, 2023 end the provisions of this resolution are hereby declared to be severable. SECTION 7. 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 22" d day of August, 2023. ATTEST: �&"' A&IM4 ev— Robyn Den ore City Secretary APPROVED AS TO FORM: 4kyesson�j City Attorney Resolution No. O$ZZZ3-5•V Page 2 of 1 Description: 2024 GTEC Budget Resolution Date Approved: August 22, 2023