Item 9ARESOLUTION NO. 02 -014
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SOUTHLAKE, TEXAS, APPOINTING A
MEMBER TO THE SOUTHLAKE PARK
DEVELOPMENT CORPORATION TO FILL THE
UNEXPIRED TERM OF TAD STEPHENS; 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, a vacancy exists with the resignation of Tad Stephens effective
immediately and whose term expires May 31, 2002; now,
THEREFORE, IT BE 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 its entirety.
Section 2. The City Council does hereby appoint
until May 31, 2002.
to serve
Section 3. This resolution is hereby effective upon passage and approval by the City
Council.
PASSED AND APPROVED THIS THE 5 1h DAY OF MARCH 2002.
Resolution No. 02 -014
Page 2 of 2
CITY OF SOUTHLAKE, TEXAS
BY:
Mayor Rick Stacy
ATTEST:
Kim Bush
Acting City Secretary