2004-056RESOLUTION NO. 04-056 OFFICIAL RECORD
A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS,
APPOINTING A CHAIRPERSON OF THE BOARD OF DIRECTORS OF
TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake, Texas (the "City"), after public
hearing, passed Ordinance No. 682 creating a Reinvestment Zone as authorized by the Tax
Increment Financing Act, V.T.C.A, Tax Code, Chapter 311 (the "Act") on September 23, 1997;
and
WHEREAS, Ordinance No. 682 established a Board of Directors to administer the zone;
and
WHEREAS, the City passed Ordinance No. 761, amending Ordinance No. 682 relating
to the manner of appointment and terms of office for members of the Board of Directors of the
Tax Increment Reinvestment Zone Number One on December 7, 1999; and
WHEREAS, in accordance with Section 311.009(f) of the Act, the governing body of the
municipality that created the reinvestment zone must appoint one member of the board to serve
as chair for a term of one (1) year that begins on January 1 of the following year; and
WHEREAS, the governing body of the municipality duly appointed a member of the
board to serve as chair for a term of one (1) year that began on January 1, 2004; and
WHEREAS, the appointed chair resigned his position on the governing body of the
municipality and the Tax Increment Reinvestment Zone Number One Board of Directors on June
15, 2004; and
WHEREAS, in accordance with the Act and Article III, Section 1 of the Bylaws of Tax
Increment Reinvestment Zone Number One, City of Southlake, Texas, the City Council is
responsible for appointing a member of the board to serve as chair for the remainder of the
unexpired term, which runs through December 31, 2004;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
Section 1. That all matters stated in the preamble of this resolution are true and correct and are
hereby incorporated into the body of this resolution as if copied in their entirety.
Section 2. That the City Council hereby appoints Keith Shankland to serve as chair of the Tax
Increment Reinvestment Zone Board of Directors for the remainder of the unexpired term, to end
on December 31, 2004.
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Resolution'No. 04-056
August 3, 2004
Page 2 of 2
Section 3. That the City Council authorizes and directs that this action be made part of the
City's permanent records.
Section 4. That this resolution shall become effective from and after the date of its passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS ON THIS THE 8kd DAY OF 41,51 , 2004.
APPROVED:
Andy Wambsganss, Mayor
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Lori A. Farwell, City Secretary %....
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