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Draft <br />RESOLUTION N0. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />APPROVING THE AMENDMENTS TO THE FY 2012-2013 BUDGET OF THE <br />PARIS ECONOMIC DEVELOPMENT CORPORATION (PEDC) AS REFLECTED <br />IN THE AMENDED PEDC BUDGET FOR FY 2012-13; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, the City Council of the City of Paris has heretofore received and <br />approved the Paris Economic Development Corporation Budget for the fiscal year <br />beginning October 1, 2012, and ending September 30, 2013; and, <br />WHEREAS, The Board of the Paris Economic Development Corporation held a <br />meeting on May 14, 2013 and voted to amend its 2013-2013 FY Budget as depicted in the <br />Proposed Amended PEDC Budget FY 2012-2013, attached hereto as Exhibit "A"; and, <br />WHEREAS, the primary purpose behind this budget amendment is to transfer funds <br />from certain projects or accounts to Reserves and to account for other adjustments to <br />insurance expense, incentives and salary and benefits; and, <br />WHEREAS, the PEDC Board respectfully requests City Council to approve the <br />proposed Budget Amendment to the 2012 - 2013 FY PEDC Budget as set out in the <br />Amended PEDC Budget FY 2012-2013 attached hereto as Exhibit "A"; and, <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby <br />in all things approved. <br />Section 2. That the Amended PEDC Budget for FY 2012-2013, as set out in Exhibit <br />"A" attached hereto, be and the same is hereby approved. <br />Section 3. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 10th day of june 2013. <br />A.J. Hashmi, M.D., Mayor <br />�� <br />