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ITEM
Honorable Mayor and Members of the Board of Aldermen
Trent Petty, Town Manager
Regular Meeting of May 14, 2001
May 9, 2001
Consider amending the current Trophy Club Westlake, Department of Public Safety
allocation budgeted for FY 2000-2001 from $369,156 to $408,758 or an increase of
$39,602 or 10.7%
While staff recommends approval, it is clear that as Westlake property valuations
continue to grow compared to call load that Westlake will need to begin investigating
additional contract amendments to keep the DPS allocations fair and accurate. Trophy
Club is amenable to this discussion, which will take place following the legislative
session.
.. .
The contract between the Town of Westlake and the Trophy Club — Westlake DPS
requires that actual assessed values be used to determine the proportionate share or
spending the City of Trophy Club, The Town of Westlake and the Trophy Club MUDS
allocate each year for DPS expenditures.
The revised assessed value revealed that Trophy Club MUD 1 anticipated valuations
were $10,313,316 too high. The resulting reallocation of expenses to the other entities
based on their valuations forced the revision per contract requirements.
FWNTENTM
The additional $39,602 will be allocated from Fund Balance.