HomeMy WebLinkAboutRes 00-25 Authorizing Expenditures for Economic DevelopmentTOWN OF WESTLAKE
RESOLUTION NO. 00-25
A RESOLUTION OF THE TOWN OF WESTLAKE, TEXAS, AUTHORIZING THE
EXPENDITURE OF CERTAIN SALES TAX REVENUES FOR ECONOMIC
DEVELOPMENT TO PAY FOR A WATER AND WASTEWATER RATE STUDY AS
PREVIOUSLY RECOMMENDED BY THE 4B ECONOMIC DEVELOPMENT
CORPORATION AND AS AUTHORIZED BY TEX. REV. CIV. STAT. ANN. §5190.6;
AUTHORIZING THE REIMBURSEMENT OF THE GENERAL FUND FROM THE 4B
ECONOMIC DEVELOPMENT SALES TAX FUND FOR CERTAIN EXPENDITURES
WHICH ARE ELIGIBLE AND AUTHORIZED BY TEX. REV. CIV. STAT. ANN.
§5190.6; PROVIDING FOR AN EFFECTIVE DATE; AND PROVIDING A SAVINGS
CLAUSE
WHEREAS, economic development is vital to the Town of Westlake, Texas (the
"Town"); and
WHEREAS, the rapid development currently proceeding within the Town necessitates
the Town provide adequate and efficient water and wastewater utilities; and
WHEREAS, a vital component to the enhancement of economic development within the
Town is to implement the necessary water and wastewater infrastructure; and
WHEREAS, the Town must obtain the necessary and adequate rate structure to be
utilized for the use of its water and wastewater services; and
WHEREAS, on April 10, 2000, the 4B Economic Development Corporation authorized
the expenditure as approved by this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF
THE TOWN OF WESTLAKE, TEXAS:
Section 1. That all matters stated in the preamble are found to be true and correct and
are incorporated herein as if copied in their entirety.
Section 2. That the use of the one-half (112) cent sales tax revenues (the "411 Tax")
pursuant to Section 4B of Tex. Rev. Civ. Stat. Ann. §5190.6 (the "Act"), for the purposes
contained in this Resolution, are for an authorized project as defined by the Act.
Section 3. That the Town Manager is authorized to expend the 4B Tax in an amount
not to exceed $32,000.00 to pay the consulting firm of Perez/Freese & Nichols for professional
services involved in a water and wastewater rate study.
Section 4. That the Town Manager is authorized to reimburse the Town's general
fund in an amount not to exceed $20,206.43 from the 4B Tax, within the limits set forth in
Section 3, for monies already expended for the water and wastewater study which is authorized
by the Act.
Section 5. If any provision of this Resolution shall be held invalid or
unconstitutional, then the remainder of such Resolution shall remain in full force and effect as if
separately enacted.
PASSED AND APPROVED ON THIS 8TH DAY OF MAY, 2000.
Scott BradleyNayor
ATTEST:
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&i—ng&r Crosswy, Town S retary Trent Petty, Town Mana
APPROVEDrAS TO FORM:
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