Title
Consider approving Resolution No. 2014-062 approving the 2014-2015 operating budget of the North Dallas County Water Supply Corporation, providing an effective date, and take appropriate action.
Body
BACKGROUND:
The North Dallas County Water Supply Corporation was created in 1991 through an interlocal agreement with the Town of Addison for the purpose of financing and constructing a sanitary sewer system tunnel to serve the east side of the City and the Town of Addison. The Corporate by-laws require the Corporation's Board of Directors adopt an annual budget and that the City Councils of Farmers Branch and Addison approve the adopted budget.
DISCUSSION:
The Board, which consists of three staff members from the City of Farmers Branch and three staff members from the Town of Addison, conducted a public meeting to approve the budget on July 7, 2014 and all members voted to approve the budget.
RECOMMENDATION:
City Administration recommends approving Resolution No. 2014-062 approving the 2014-2015 Operating Fund Budget of the North Dallas County Water Supply Corporation.
ACTIONS:
1) Motion to approve Resolution No. 2014-062 approving the 2014-15 Operating Budget of the North Dallas County Water Supply Corporation.
2) Motion to deny Resolution No. 2014-062 approving the 2014-15 Operating Budget of the North Dallas County Water Supply Corporation.
3) Motion to modify Resolution No. 2014-062 to meet the needs of the Council.
4) Motion to table the issue for further study or take no action.
ATTACHMENTS:
1. Resolution No. 2014-062