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HomeMy WebLinkAboutItem 04 - Aquarium Development CorporationWindup and dissolution of the Aquarium Development Corporation of Grapevine Aquarium Development Corporation of Grapevine Board of Directors Mayor William D. Tate, President Mayor Pro Tem Ted R. Ware, Vice President Council Member Sharron Spencer Council Member C. Shane Wilbanks Council Member Roy Stewart Council Member Darlene Freed Council Member Mike Lease William Gaither, Treasurer Linda Huff, Secretary Grapevine Aquarium Development Corporation Board of Directors Mayor William D. Tate, President Mayor Pro Tem Ted R. Ware, Vice President Council Member Sharron Spencer Council Member C. Shane Wilbanks Council Member Roy Stewart Council Member Darlene Freed Council Member Mike Lease William Gaither, Treasurer Linda Huff, Secretary RESOLUTION NO. 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. ATTEST: APPROVED AS TO FORM: RES. NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS APPROVING THE WIND UP AND DISSOLUTION OF THE CITY OF GRAPEVINE AQUARIUM DEVELOPMENT CORPORATION; 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 City of Grapevine Aquarium Development Corporation ("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, the Corporation has no property or assets of any kind to distribute; 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. ATTEST: RES. NO,