1997-080N
RESOLUTION NO. 97-80
A RESOLUTION OF THE CITY COUNCIL OF
SOUTHLAKE, TEXAS APPOINTING THE MAYOR TO
SERVE AS CHAIR 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 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 Resolution No. 97-70 appointing eight (8) members to the
Board of Directors of the Tax Increment Reinvestment Zone on November 5, 1997;
and
WHEREAS, the City, after public hearing, passed Ordinance 682-A extending the life
of the Zone and expanding the Zone boundaries on December 2, 1997; and
WHEREAS, in accordance with Section 311.009(f) of the Act, the governing body of
the municipality must appoint one member of the board to serve as chair for a term of
one year that begins on January 1 of the following year;
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 Mayor Rick Stacy to serve as
chairman of the Reinvestment Zone Board of Directors for one year to begin January 1,
1998.
Section 3. That the City of Southlake 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 16th day of December, 1997.
HLA/r, 4s,
0:
ATTEST:
Sandy LeGrand
City Secretary
APPROVED AS TO FORM:
City Attorney
APPROVED:
Rick &acy
Mayor