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2007-040RESOLUTION NO. 07-040 OMCIAL RECORD 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 Parks 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 Sherry Berman (Citizen Representative), Elaine Cox (Citizen Representative), Virginia M. Muzyka (City Council Representative), and Laura K. Hill (City Council Representative) expired in May 2007; 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 the Board of Directors for the Southlake Parks Development Corporation: Sherry Berman Danny Mayer Virginia M. Muzvka Citizen Representative Citizen Representative term ends May 2009) term ends May 2009) City Council Representative (term ends May 2009) Vernon Stansell City Council Representative (term ends May 2009) Resolution No. 07-040 Page 2 of 2 Section 3. This resolution is effective upon passage by the City Council. PASSED AND APPROVED THIS THE 7TH DAY OF AUGUST, 2007. ATTEST: Lori ayne, TRMC City Secretary CITY OF SOUTHLAKE, TEXAS B 1— Andy W bsganss Mayor