HomeMy WebLinkAboutRes 10-25 Amending the Budget for the Sam and Margaret Lee Arts and Sciences Center TOWN OF WESTLAKE
RESOLUTION NO. 10-25
A RESOLUTION OF THE TOWN OF 'WESTLAKE AMENDING THE FY 2009-2010
BUDGET OF THE TOWN OF WESTLAKE, TEXAS; PROVIDING FOR AN
AMENDMENT MAKING A SUPPLEMENTAL APPROPRIATION TO THE GENERAL
FUND FOR THE CAPITAL PROJECT FOR THE SAM & MARGARET LEE ARTS
AND SCIENCES CENTER AND PROVIDING AN EFFECTIVE DATE.
WHEREAS,the Town of Westlake, Texas is a general law Town; and
WHEREAS, the Town of Westlake, Texas Fiscal Year 2009-2010 Budget was adopted
within the time and in the manner required by State Law; and
WHEREAS, the fund will be used to complete the 128 parking lot extension to the Sam
&Margaret Lee Arts and Sciences Center; and
WHEREAS, the Town Council finds that the passage of this Resolution is in the best
interest of the citizens of Westlake.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true
and correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: The town hereby adopts the Budget Amendment to General fund for the
Sam& Margaret Lee Arts and Sciences Center as attached as Exhibit "A", are to be kept on file
and available in the office of the town secretary
SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
SECTION 4: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 30`h DAY OF AUGUST 2010.
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Laur Wheat, Mayor
Resolution 10-25
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ATTEST:
Kelly Edw s, Town Secretary homas E. r, Ta n Manager
APPROVE,D A5 T RM:
L. on L r , Town ttorney
Resolution 10-25
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Exhibit"A"
Town of Westlake
BudLet Amendment for the
Civic Campus Arts and Sciences Buildin!
10/11 11/12 12/13 13/14 14/15
Estimated#of student drivers 80 100 120 120 120
Estimated#of staff drivers 50 55 55 55 55
Premium Parking(Students) $ 175 $ 175 $ 175 $ 175 $ 175
Lot Parking(Students) 125 125 125 125 125
Premium Parking(Staff) 40 40 40 40 40
Add Ons:
Assigned Spot w/name 40 40 40 40 40
Customized Spot(abilityto paint) 80 80 80 80 80
Premium Parking(Students) 10% $ 1,400 10% $ 1,750 10% $ 2,100 10% $ 2,100 10°A $ 2,100
Lot Parking(Students) 90% 9,000 90% 11,250 901Y. 13,500 90% 13,500 901Y. 13,500
Premium Parking(Staff) 50% 1,000 50% 1,100 50% 1,100 50% 1,100 50% 1,100
Add Ons:
Assigned Spot w/name 25% 800 25% 1,000 25% 1,200 25% 1,200 25% 1,200
Customized Spot(ability to paint) 10% 640 10% 800 10% 960 10% 960 10% 960
Total Revenue $ 12,840 $15,900 $18,860 $18,860 $18,860
Balance Due to Town: $79,432 $ 66,592 $50,692 $31,832 $12,972 $(5,888)
Assumptions.
1.90%of students will pay forstandard parking.
2.10%of students will pay for premium parking.
3.50%of staff will payfor assigned parking.
4.25%of students will pay for assigned parking.
5.8students will payfor customized parking.
Resolution 10-25
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