HomeMy WebLinkAboutResolution No. 02-37 CITY OF THE COLONY
RESOLUTION NO. ~9~-~
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS ADOPTING THE CITY
OF THE COLONY'S FINANCIAL MANAGEMENT AND DEBT MANAGEMENT
POLICIES TO BECOME EFFECTIVE UPON IT PASSAGE AND APPROVAL.
WHEREAS, it is the goal of the City to maintain a long-term stable and positive
financial condition; and
WHEREAS, well planned and prudent financial and debt management is essential to
the achievement of the City's goal; and
BE IT RESOLVED BY THE CITY OF THE COLONY, TEXAS that:
SECTION 1. That the City Council hereby adopts the City's Financial Management and
Debt Management policies.
SECTION 2. That this resolution shall be in force immediately upon its passage in
accordance with the Charter of the City of The Colony and it is accordingly so resolved.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS ON THIS THE 4TM DAY OF NOVEMBER, 2002.
ATTEST: ~,~ APPROVED:
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Patti A. Hicks, City Secretary 71~'~--etta Henville-Shannon, Mayor