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HomeMy WebLinkAboutOrdinance No. 07-1740 ORDINANCE NO. 01-11'-/0 AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, AMENDING ORDINANCE NO. 07-1736, THE 2007-2008 FISCAL YEAR BUDGET, BY REALLOCATING FUNDS WITHIN THE BUDGET; PROVIDING THAT EXPENDITURES FOR SAID FISCAL YEAR BE MADE IN ACCORDANCE WITH SAID AMENDED BUDGET; PROVIDING A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of The Colony, Texas, has determined, after due consideration and study, that it is necessary to the efficient business and operation of the City to amend the budget for fiscal year 2007-2008 and that the budget amendments set forth hereinafter are in the best interest of the public health, safety and welfare. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That Ordinance No. 07-1736, the Fiscal Year 2007-2008 Budget Ordinance of the City of The Colony, Texas, be and the same is hereby amended by reallocating funds in the amount of three hundred fifty thousand dollars ($350,000.00) from the Beautification Fund within the Capital Fund to the General Fund of said budget. SECTION 2. That the City be and is hereby authorized to expend those funds allocated under the budget ordinance, as amended herein. SECTION 3. That except as amended hereby, or as heretofore amended, the provisions of Ordinance No. 07-1736 shall remain in full force and effect. SECTION 4. That should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part decided to be invalid, illegal or unconstitutional. SECTION 5. This Ordinance shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS THIS 15th day of October. 2007. Page 1 TM 21122.76.000 ATTEST: Christie Wi t!J.J' . :r:.... c' !-: Uf ~' , - . l'~ X p.::.1f";\/ Page 2 TM 21122.76.000