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2008-010 ResolutionOFFICIAL RECORD RESOLUTION NO. 08-010 A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS, TO APPOINT A PARKS AND RECREATION BOARD REPRESENTATIVE TO THE SOUTHLAKE PARKS DEVELOPMENT CORPORATION AND TO PROVIDE 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, there is a vacancy due to the resignation of Mike Mills with a term set to expire in May 2008; 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: John Slocum Parks Board representative (term ends May 2008) Section 3. This resolution is effective upon passage by the City Council. Page of PASSED AND APPROVED THIS THE 19th DAY OF FEBRUARY, 2008. ATTEST; pa-' z(u4 Lori Payne, TRMq/ City Secretary CITY OF SOUTHLAKE, TEXAS BY. Andy Wambsganss Mayor