06-099 - O TOWN OF PROSPER, TEXAS ORDINANCE NO.06-99
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A
BUDGET AND APPROPRIATING RESOURCES FOR THE PROSPER
ECONOMIC DEVELOPMENT CORPORATION BUDGET YEAR BEGINNING
OCTOBER 1, 2006; PROVIDING FOR REPEALING, SAVINGS AND
SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE OF
THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION OF THE
CAPTION HEREOF.
WHERAS, pursuant to the laws of the State of Texas and the Bylaws of the Town of Prosper,
Texas ("Prosper") Prosper Economic Development Corporation ("PEDC"), the budget covering the
proposed expenditures for the fiscal year beginning October 1, 2006 and ending September 30, 2007,was
filed with the Town Secretary(the"budget"). A copy of the budget is attached hereto as Exhibit"A"and
incorporated for all purposes; and
WHEREAS, a public hearing was held by the Town Council of the Town of Prosper, Texas
("Town Council") on said budget on August 22, 2006, at which time said budget was fully considered,
and interested taxpayers were given the opportunity to be heard by the Town Council; and
WHEREAS, the Town Council has studied the budget and listened to the comments of the
taxpayers at the public hearing and has investigated and determined that adoption of the budget is in the
best interest of the Town; and
WHEREAS, the Town Council finds that all legal notices, hearings, procedures and publishing
requirements for the adoption of the budget have been performed or completed in the manner and form
set forth by law.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN
OF PROSPER, TEXAS:
SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body
of this Ordinance as if fully set forth herein.
SECTION 2: Adoption of Budget. The proposed budget estimate of revenues and expenditures
for the PEDC, attached hereto as Exhibit 'A', as presented by the Board of Directors of the PEDC and
appropriated by the Town Council for the fiscal year beginning October 1, 2006 and ending September
30, 2007,is hereby approved and adopted.
SECTION 3: Proposed 2006-2007 Expenditures. The proposed fiscal year 2006-2007 estimate
of expenditures for the PEDC is $324,944.
SECTION 4: Savings / Repealing Clause. All provisions of any ordinance in conflict with this
ordinance are hereby repealed; but such repeal shall not abate any pending prosecution from being
commenced for any violation if occurring prior to the repeal of the Ordinance. Any remaining portions of
conflicting ordinances shall remain in full force and effect.
SECTION 5: Severability. Should any section, subsection, sentence, clause or phrase of this
Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly
provided that any and all remaining portions of this Ordinance shall remain in full force and effect.
Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, sentence,
ORDINANCE APPROVING THE PEDC BUDGET FOR FISCAL YEAR 2006-2007—Page 1 of 2
clause, or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences,
clauses, or phrases be declared unconstitutional or invalid.
SECTION 6: Effective Date. This Ordinance shall become effective from and after its adoption
and publication as required by law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER,TEXAS,ON THIS 12TH DAY OF SEPTEMBER,2006.
ES SWA ER, MAYOR
ATTEST TO:
qP4t
atthe v D. Denton, Town Secretary
Date of Publication 5Fiar - 1 1 ( 21)-200t Dallas Morning News—Collin County Edition
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ORDINANCE APPROVING THE PEDC BUDGET FOR FISCAL YEAR 2006-2007—Page 2 of 2
AFFIDAVIT OF PUBLICATION
STATE OF TEXAS
COUNTY OF DALLAS
Before me, a Notary Public in and for Dallas County, this day personally appeared Lynda
Black, Legal Advertising Representative for the DALLAS MORNING NEWS being duly
sworn by oath, states the attached advertisement of:
Town of Prosper
as published in The Dallas Morning News—Metro Collin County Edition on:
September 19, 2006
TOWN OF September 21, 2006
PROSPER, TEXAS
ORDINANCE NO. 06-99
AN ORDINANCE OF
THE TOWN OF PROS-
PER TEXAS ADOPTING
A BUDGET AND AP-
PROPRIATING RE-
SOURCES FOR THE
PROSPER ECONOMIC
DEVELOPMENT COR-
PORATION BUDGET
YEAR BEGINNING OC-
TOBER 1 2006; PROVID-
ING FOR REPEALING,
SAVINGS AND SEVER-
ABILITY CLAUSES;
PROVIDING FOR AN (Lynda Black)
EFFECTIVE DATE OF
THIS ORDINANCE; AND
PUBLICATIO FOR THE
CAPTION HEREOF.
Sworn to and subscribed before me this September 22, 2006, A.D
(Lisa Batt field)
v .Cosa eG.F�
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