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RES 2017-26 Reinvestment one No. 1 TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2017-26 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, REPEALING RESOLUTION NO. 2016-29 AND ADOPTING A NEW RESOLUTION MAKING ANNUAL APPOINTMENTS AND AFFIRMING EXISTING APPOINTMENTS; PROVIDING FOR THE APPOINTMENT OF CITIZEN VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS OF REINVESTMENT ZONE NO. 1, TOWN OF TROPHY CLUB; PROVIDING FOR THE APPOINTMENT OF A CHAIRPERSON; DESIGNATING TERMS OF SERVICE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club, Texas, benefits by having its citizens involved in local government through service on Boards, Commissions, and Corporations; and WHEREAS, the Trophy Club Town Council is responsible for making appointments to the Boards, Commissions, and Corporations serving the Town whose terms are expiring; and WHEREAS, on September 27, 2016, the Town Council of the Town of Trophy Club adopted Resolution No. 2016-29, making new citizen volunteer appointments and affirming current appointments to serve on the Board of Directors of Reinvestment Zone No. 1, Town of Trophy Club for the 2016-2017 fiscal year, as well as appointing a Chairperson; and WHEREAS, state law mandates that one person be appointed to serve as the Chairperson for the Board of Reinvestment Zone No. 1, Town of Trophy Club with a term of service for the Chairperson being for one (1) year and commencing on January 1 of each year; and WHEREAS, the term of service for the currently designated Chairperson for the Board expires on December 31, 2017; and WHEREAS, the Town Council desires to appoint a member of the Board of Directors to serve as a Chairperson with a term commencing on January 1, 2018 and expiring on December 31, 2018; and WHEREAS, by passage of this Resolution, the Town Council hereby repeals Resolution No. 2016-29 and adopts this Resolution, filling one (1) vacancy for the remainder of an unexpired term, making new citizen volunteer appointments, and affirming current appointments to serve on the Board of Directors of Reinvestment Zone No. 1, Town of Trophy Club for the 2017-2018 fiscal year, as well as appointing a member of the Board of Directors to serve as Chairperson for the period commencing January 1, 2018 and expiring on December 31, 2018. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the foregoing recitals are incorporated herein as if written word for word. Section 2. That the Town Council hereby repeals Resolution No. 2016-29 and adopts this Resolution to fill one (1) vacancy for the remainder of an unexpired term, appoint or affirm, as applicable, the following individuals to serve on the Board of Directors of Reinvestment Zone No. 1, Town of Trophy Club with respective terms of service ending on September 30 of the year specified below for each individual and to appoint a Chairperson to serve on the Board: Tax Increment Reinvestment Zone No. 1 1. Alex Palazzolo (2018) 4. Travis Inge (2019) 2. David Brod (2018) (EDC-4B) 5. Rebecca Barksdale (2019) (Tarrant County Official) 3. Cory McDonald (2018) Current Chairperson David Brod appointment to expire December 31, 2017 Chairperson David Brod appointment to expire December 31, 2018 Section 3. That this Resolution shall become effective from and after its date of passage in accordance with the law. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, on this 26th day of September 2017. � C. Nick Sanders, ayor Town of Trophy Club, Texas ATTEST: [SEAL] %Ad 1 ' A--VeN9a9r . '-•.\- Holly Fimbr- , Town Secretary V..44..... r' Town of Trophy Club, Texas # ler" co APPRO OAS FORM: t �c�h// ti J. D ' id Dodd III, Town Attorney To n of Trophy Club, Texas RES 2017-26 Page 2 of 2