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HomeMy WebLinkAboutRES 1996-011 ��..:. RESOLUTION NO. 96-1 t � .� A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS DESIGNATING A CHAIRMAN OF THE BOARD OF DIRECTORS OF TAX INCREMENT FINANCING REINVESTMENT ZONE NUMBER ONE, AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council of the City of Grapevine, Texas, after public hearing, created Tax Increment Financing Reinvestment Zone Number One, City of Grapevine, Texas, at its regular meeting on Tuesday, February 20, 1996; and WHEREAS, a Board of Directors was established by City of Grapevine Ordinance No. 96-07, adopted February 20, 1996, to administer the Zone; and WHEREAS, the City of Grapevine has appointed five members to the Board; and WHEREAS, Ordinance No. 96-07 calls for the City Council to designate a member of the Board of Directors to serve as the chairman. f - NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, 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 of Grapevine hereby appoints William D. Tate as the Chairman of the Board of Directors of Tax Increment Financing District Reinvestment Zone Number One, City of Grapevine, Texas. Section 3. That the City of Grapevine authorizes and directs that this action be made a 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 GRAPEVINE, TEXAS on this the 26th day of March , 1996. �� APPROVED: �,: .. ---_._.. -- �'_ William D. Tate Mayor ATTEST: � � - Linda H ff City Secretary APPROVED AS TO FORM: �� -K John F. Boyle, Jr. City Attorney �:-� RES. N0. 96-11 2