HomeMy WebLinkAboutRES 2007-056 .,.: RESOLUTION NO. 2007-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS APPROVING THE WIND UP AND
DISSOLUTION OF THE AQUARIUM DEVELOPMENT
CORPORATION OF GRAPEVINE; RESOLVING RELATED
MATTERS AND PROVIDING AN EFFECTIVE DATE
WHEREAS, this City Council (the "Council"), as the governing body of the City of
Grapevine, Texas (the "City"), created Aquarium Development Corporation of
Grapevine ("Corporation"); and
WHEREAS, the Board of Directors of the Corporation has passed and approved
a resolution to wind up and dissolve the Corporation; and
WHEREAS, Corporation has no property or assets of any kind to distribute; and
WHEREAS, this Council intends, by the adoption of this resolution, to take all
action necessary to wind up and dissolve the Corporation; and
WHEREAS, the meeting at which this resolution has been considered was open
to the public as required by law, and public notice of the time, place, and subject of the
meeting has been given in accordance with Chapter 551, Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That the findings and declarations contained in the preamble of this
resolution are hereby incorporated as part of this resolution.
Section 2. That this Council hereby finds and determines that it is in the best
interest of the City and its inhabitants that the Corporation be dissolved.
Section 3. That this Council hereby authorizes the voluntary winding up and
dissolution of the Corporation.
Section 4. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS ON THIS THE 6th day of November, 2007.
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APPROVED
Ted . Ware
Mayor Pro Tern
ATTEST:
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Linda Huff
City Secretary
APPROVED AS TO FORM:
Michael Kailas
Assistant City Attorney
RES. NO. 2007-56 2