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1994-051City of Southlake, Texas RESOLUTION NO. 9451 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, APPOINTING A MEMBER OF THE SOUTHLAKE PARK DEVELOPMENT CORPORATION TO FILL AN UNEXPIRED TERM; PROVIDING AN EFFECTIVE DATE. WHEREAS, pursuant to the authority granted by the Development Corporation Act of 1979, Article 5190.6, Texas Revised Civil 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, as allowed for in the Articles of Incorporation of the Southlake Park Development Corporation, approved by the City Council on the 3rd day of January, 1994, a Board of Directors shall be appointed by the City Council; and, WHEREAS, the Board of Directors shall be composed of seven persons. Three (3) of the directors shall be appointed to one year terms and four persons shall be appointed for two year terms; and, WHEREAS, four of the members shall be members of the City Council and the three remaining directors must not be employees or officers of the City, or members of the City Council, and at least one of the three remaining directors must be a member of the Southlake Park and Recreation Board; now, THEREFORE, BE IT 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. The City Council hereby appoints the following person to fill the unexpired term of Larry Goldstein which will expire on May 31, 1995. ROD JOHNSON Section 3. This resolution shall become effective after its passage and adoption by the City Council. 3 City of Southlake, Texas Resolution No. 94-51 page two PASSED AND APPROVED THIS THE 6TH DAY OF DECEMBER, 1994. W101gr, oI SO U T,y 9 4, ca - Mayor ary ckes as 5 andra L. LeGrand City Secretary