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HomeMy WebLinkAboutResolution 2003-005 Resolution No. 2003-005 WHEREAS, the City Council appointed a Citizen's Capital Improvement Study Committee to review numerous streets, drainage, and facility projects that will need repair in the next 5-7 years; and WHEREAS, the Committee presented their final recommendations to the Council to include eight arterial streets, six collector streets, eight residential streets, two drainage projects and five facility projects; and WHEREAS, the Committee gave serious consideration to maintain the current tax rate at $.57 and after careful analysis, concluded that the proposed $38.2 million capital improvement projects could be financed without increasing the existing tax rate; and WHEREAS, the City Council reviewed the recommended projects and financial assumptions to determine if they were in the best interest of the citizens; and WHEREAS, it has been determined that the recommendations are in accordance with the Council's vision and goals to insure quality development and redevelopment, financially responsible government and a superior quality of life; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, THAT, it is deemed desirable and advantageous to the City in all respects that the Bond Referendum merits the full and complete support of the City Council. PASSED BY THE CITY COUNCIL this 13th day of January 2003. ~ ATTEST: -é?~~~ Patricia Hutson, City Secretary APPROV D A TO LEGAL FORM AND CONTENT: George Staples, City A torney APPROVED AS TO CONTENT: ~ <);7 -- . .;<- ;~~/ c-) (_~ 't:çt:f¿[/Þ~, Steve Norwood, Assistant City Manager