2012-084 RES APPROVING AMENDMENT TO FY 2012-2013 BUDGET OF PEDC

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RESOLUTION NO. 2012-084 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AN AMENDMENT TO THE FY 2012-2013 BUDGET OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION (PEDC) TO CHANGE LINE ITEMS ORIGINALLY APPROVED IN THE SUBMITTAL OF THE FY 2012-2013 BUDGET. MAKING OTHER FINDIIVGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris has heretofore approved and accepted the Paris Economic Development Corporation Budget for the fiscal year beginning October 1, 2012, and ending September 30, 2013; and, WHEREAS, the PEDC held a meeting on September, 2012 and voted to amending the line items as described in the Proposed Amended Budget attached hereto as Exhibit "A"; and, WHEREAS, the purpose of the budget amendment is to reduce the budget items for New Industry Projects, Existing Industry Projects and Depot Operating Funds and increase the budget items for Bodyguard, LLC, Triton, LLC and Campbell Soup (New Line); and, WHEREAS, the PEDC Board respectfully requests City Council approval of the above referenced Budget Amendment as further described in the Proposed Amended Budget attached hereto as Exhibit "A", and; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the above referenced Budget Amendment to the FY 2012-2013 PEDC Budget as further described in Exhibit "A" attached hereto be and the same is hereby approved. , Section 3. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED thls 8thrd day o: