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2003-056OFFICIAL RECORL RESOLUTION NO. 03-056 A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS, APPOINTING MEMBERS TO THE SOUTHLAKE PARKS 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, the terms for W. Ralph Evans (City Council representative), Tom Stephen City Council representative), Tim O'Connor (Parks and Recreation Board representative), and Bobby Rawls (Citizen representative) have expired, and there is an unexpired term with one year remaining due to the end of Rick Stacy's term as Mayor (City Council representative); 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 members to serve as part of the Board of Directors for the Southlake Parks Development Corporation: Ralph Evans Andv Wambs2anss City Council representative term ends 5/2004 City Council representative term ends 5/2005 Tom Stephen City Council representative term ends 5/2005 Resolution No. 03-056 Page 2 of 2 Cara White Sherry Berman Parks and Recreation Board term ends 5/2005 representative Citizen representative term ends 5/2005 Section 3. This resolution is effective upon passage by the City Council. PASSED AND APPROVED THIS THE 29th DAY OF JULY 2003. ATTEST: A,,a4,4 Lori A. Farwell City Secretary CITY OF SOUTHLAKE, TEXAS BY: Andy Wambsganss Mayor 1111 iNLqA-, ttr^y