2002-035RESOLUTION NO. 02-035 CF CIAL RECORD
A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS,
APPOINTING MEMBERS TO THE SOUTHLAKE PARK
DEVELOPMENT CORPORATION; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, pursuant to the authority granted by the Department Corporation Act of
1979, Article 5190.6, Texas Revised Statutes as amended (the "Act"), the City Council found it
advisable to authorize the creation of a non-profit corporation to be named the Southlake Park
Development Corporation, to act on its behalf in financing, under the Act, eligible "projects"
deemed to be for the benefit of the public; and,
WHEREAS, the Board of Directors shall be appointed by the City Council and be
composed of seven (7) persons; four (4) of the Board of Directors shall be members of the City
Council and the three (3) remaining Directors must not be employees or officers of the City, or
members of the City Council, and at least one (1) of the remaining Directors must be a member
of the Southlake Park and Recreation Board; and,
WHEREAS, terms of the Directors shall be for two (2) years, expiring on May 31 of odd
numbered and even numbered years, respectively. Directors may be appointed to succeed
themselves. Each director shall serve until a successor is appointed; and,
WHEREAS, currently three (3) director positions have expired: the Councilmember
positions of Rick Stacy and Rex Potter and the citizen -at -large position recently vacated by Tad
Stephens; and,
THEREFORE, IT BE RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, THAT:
Section 1. All of the findings in the preamble are found to be true and correct and the City
Council hereby incorporates said findings into the body of this resolution as if
copied in their entirety.
Section 2. Under this resolution, the City Council hereby appoints the following directors as
allowed for in Ordinance No. 597.
Councilmember position: Rex Potter (to expire 5/2004)
Councilmember position: Rick Stacv (to expire 5/2004)
Citizen position: Dorothv Wood (to expire 5/2004)
Section 3. This resolution is effective upon passage by the City Council.
PASSED AND APPROVED THIS THE 21ST DAY OF MAY 2002.
ATTEST:
Ki Bush
Acting City Secretary
CITY OF SOUTHLAKE, TEXAS
BY:
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Mayor Ri6k Stacy