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HomeMy WebLinkAboutResolution No. 2019-17 RESOLUTION NO. R2019-17 A RESOLUTION OF THE CITY OF FRIENDSWOOD, TEXAS APPROVING AN AMENDMENT TO SECTION 3.1 "TERMS" OF 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 Cl 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 May 14, 2019, the Corporation's Board of Directors approved a Resolution amending the Bylaws of the Corporation to facilitate staggered terms of the Board of Directors, to provide continuity of the Board; 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 OF THE CITY OF FRIENDSWOOD, TEXAS: Section 1. That the following amendment to Section 3.1 "Terms", of the Bylaws of the Friendswood Downtown Economic Development Corporation, is hereby approved as required under Section 501.064 of the Act. Each Director shall hold office for the term for which the Director is appointed unless sooner removed or resigned. Each Director, including the ial Directors, shall be eligible for reappointment. Directors are removable by theinit City Council at will and shall be appointed for two (2) years except, to allow for continuity on the Board of Directors,the Board shall stagger the terms of the Directors in the following manner: The Board of Directors, at a regular or special meeting of the Board, shall establish places for each Director, beginning with Place 1 through Place 7. Existing Directors shall draw for place numbers,with odd numbers receiving a two- year term and even numbers receiving a one-year term.Subsequent to this drawing for terms,at the expiration of the current term,the City Council shall appoint Directors with odd-number places to serve a two (2)year term and Directors with even-numbered places to serve a one (1) year term. Thereafter, each successive Director of the Board shall be appointed to serve for a two (2) year term. If a Director is a member of the City Council and ceases to be a member of such, such shall constitute an automatic resignation as a Director and vacancy shall be filled in the same manner as for other vacancies." Section 2. That 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 herewith are,to the extent of such inconsistency or conflict, hereby repealed. PASSED,APPROVED AND ADOPTED this the 3rd day of June, 2019. ike F t eman May• ATTEST: "'" - RI mGti�v ; ;r. �ry Melinda Welsh, TRMC City Secretary ", ,.r � s R2019-17 2