RES 2011-05TOWN OF TROPHY CLUB
RESOLUTION NO. 2011-05
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS DESIGNATING FUNDS FOR THE PURPOSE AND INTENT OF
FUNDING FUTURE CAPITAL MAINTENANCE AND EXPENSE; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town Council of the Town of Trophy Club, Texas desires to designate
the sum of One Hundred and Eight Thousand Dollars ($108,000.00) of Undesignated and
Unencumbered Fund balance for the purpose and intent of funding future capital maintenance
and expenses; and
WHEREAS, the Town Council of the Town of Trophy Club, Texas desires to designate
these funds in anticipation of future capital maintenance and expenses; and
WHEREAS, the Town Council has determined that designating $108,000.00 to fund
future capital maintenance and expenses is a fiscally responsible action that serves the best
interests of the Town and its residents.
NOW, THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS THAT:
Section 1. The foregoing premises, which are hereby found to be true and to be in
the best interest of the Town of Trophy Club and its citizens, are hereby adopted.
Section 2. The Council hereby designates $108,000 of Unencumbered and
Undesignated Fund balance for the purpose and intent of funding future capital maintenance
and expenses.
Section 3. This Resolution shall become effective and be in full force and effect from
and after the date of passage and adoption by the Town Council of the Town of Trophy Club,
Texas.
Passed and adopted by the Town Council of the Town of Trophy Club, Texas, this the
yth day of March, 2011.
Mayor, Connie White
Town of Trophy Club, Texas
[SEAL]
ATTEST:
'ii~cretary, Shnon DePrater
Town of Trophy Club, Texas
APPROVED AS TO FORM:
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Town Attorney, Patricia A. Adams
Town of Trophy Club, Texas
RES 2011·05 Page 2 of 2