Title
Consider approving Resolution No. 2016-065 approving the 2016-17 operating budget of the North Dallas County Water Supply Corporation 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 that 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 18, 2016 and all members voted to approve the budget.
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2016-065 approving the 2016-17 Operating Fund Budget of the North Dallas County Water Supply Corporation.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2016-065 approving the 2016-17 operating budget of the North Dallas County Water Supply Corporation.
2. I move to approve Resolution No. 2016-065 approving the 2016-17 operating budget of the North Dallas County Water Supply Corporation, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENTS:
1. Resolution No. 2016-065