HomeMy WebLinkAboutResolution No. 06-095
CITY OF THE COLONY
RESOLUTION NO. 06- D~1 ~
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 ITS 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 ofthe City's goal.
NOW, THEREFORE, BE IT HEREBY RESOL VED BY THE CITY
COUNCIL OF THE CITY OF THE COLONY, TEXAS:
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, this 6th day of November, 2006.
ATTEST:
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Christie Wilson, TRMC, City Secretary
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