HomeMy WebLinkAbout06-99 1999-10-18 EULESS DEVELOPMENT CORPORATION RESOLUTION NO. 06-99
A RESOLUTION RELATING TO A PUBLIC HEARING AND PROVIDING
FOR THE UNDERTAKING AND EXPENDITURE OF FUNDS FOR PARK
IMPROVEMENTS AT THE PARKS AT TEXAS STAR; AND RESOLVING
OTHER MATTERS INCIDENT AND RELATED THERETO.
WHEREAS, the Secretary of the Euless Development Corporation caused to be published in the
Fort Worth Star-Telegram on September 23, 1999, a notice of a public hearing to be held by the Board of
Directors of Corporation on October 18, 1999, on the undertaking and expenditure of funds for park
improvements at The Parks at Texas Star, including irrigation, landscaping and the construction of an
entry way and parking facilities(the "Project"); and
WHEREAS, the public hearing was held and conducted on the date and at the time and place
stated in said notice, and after describing the Project and its estimated costs, all persons present at such
public hearing were given the opportunity to make a statement regarding such Project and the expenditure
of Corporate funds therefore; and
WHEREAS, following such public hearing on the Project and considering any issues raised
about the Project, the Board of Directors hereby finds and determines the Project should be undertaken
and Corporate funds expended for its accomplishment; now,therefore,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EULESS
DEVELOPMENT CORPORATION: the Project involving park improvements at The Parks at Texas
Star, including irrigation, landscaping, and the construction of an entry way and parking facilities is
hereby determined to be a project within the meaning of Section 4B of Article 5190.6, Vernon's
Annotated Civil Statutes, and such Project is hereby approved and sales tax revenue bonds of the
Corporation in the principal amount of $1,000,000 (one million dollars) shall be issued and sold to
provide the funds hereby authorized and approved to be expended for the Project.
FURTHERMORE, the acts of the Secretary of the Corporation in causing notice of the public
hearing on said Project to be published in the Fort Worth Star-Telegram on September, 23, 1999, is
hereby approved,ratified and confirmed in all respects.
PASSED AND ADOPTED,this 18th day of October, 1999.
EULESS DEVELOPMENT CORPORATION
Mary Lib aleh .
Chairman,Board of Directors
ATTEST.
.................,..... ..d.-or:9A
. � '11 Crim
Secretary,B lard of Directors
(Corporate Seal)