HomeMy WebLinkAboutResolution No. 2017-01 RESOLUTION NO. R2017-01
A RESOLUTION OF THE CITY OF FRIENDSWOOD,
TEXAS, APPROVING AN AMENDMENT TO THE
BYLAWS OF THE FRIENDSWOOD DOWNTOWN
ECONOMIC DEVELOPMENT CORPORATION; AND
REPEALING ALL OTHER RESOLUTIONS
INCONSISTENT OR IN CONFLICT HEREWITH.
WHEREAS, the Development Corporation Act (the "Act"), Title 12, Subtitle C1 of the
Texas Local Government Code, authorizes municipalities to create local non-profit development
corporations; and
WHEREAS, the City Council of the City of Friendswood, Texas (the "City") has
authorized the creation of the Friendswood Downtown Economic Development Corporation (the
"Corporation"), to be governed by Chapter 505 of the Act to accomplish the purpose of
undertaking such projects as may contribute to the quality of life and economic growth in the City
as outlined in Chapter 505 of the Act; and
WHEREAS, on October 3, 2016) City Council passed and adopted Resolution No. 2016-
19 approving the Corporation's Bylaws; and
WHEREAS, on December 13, 2016, the Corporation's Board of Directors approved an
amendment to the Bylaws of the Corporation in order to facilitate the adoption of a budget for the
Corporation's partial fiscal year beginning January 1, 2017 and ending September 30, 2017; and
WHEREAS, the City Council hereby finds and determines that the adoption of this
Resolution approving the amendment to the Corporation's Bylaws is in the best interests of the
citizens of the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL F THE CI'T'Y OF
FRIENDSWOOD, TEXAS:
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Section 1. That the amendment to the Bylaws of the Friendswood Downtown
Economic Development Corporation, in the form attached hereto, is hereby approved as required
under Section 501.064 of the Act.
Section 2. The recitals contained in the preamble hereof are hereby found to be true,
and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a
part of the findings of the Governing Body.
Section 3. That all resolutions or parts of resolutions inconsistent or in conflict
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herewith are,to the extent of such inconsistency or conflict,hereby repealed.
PASSED,APPROVED,AN ADOPTED this the 9th day of Januan,2017.
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Kevin M. Holla d
Mayor
ATTEST:
Melinda Welsh, TRMC q a` • •`'• '
City Secretary
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