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HomeMy WebLinkAboutResolution - 2010-R0028 - Appoint Five Members To The Lubbock Business Park TIF - 01/14/2010( c ( Resolution No. 2010-R0028 January 14, 2010 Item No. 6.7 RESOLUTION WHEREAS, the City of Lubbock has established the Lubbock Business Park Tax Incrernent Financing Reinvestment Zone Number 3, City of Lubbock, Texas ("Lubbock Business Park TIF") pursuant to the Tax Increment Financing Act ("Act") for the purpose of encouraging development ; and WHEREAS, the City Council of the City of lubbock desires to appoint five members to the Board of Directors for the Lubbock Business Park TIF; and WHEREAS, the City Council also desires to appoint one of these members to serve as chairman of the Board of Directors; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION I. THAT the following individuals who are either qualified voters of the City of Lubbock or are at least 18 years of age and own real property in the zone (whether or not the individual resides in the City), are hereby appointed as members of the Board of Directors for the Lubbock Business Park Tax Increment Financing Reinvestment Zone Number 3, City of Lubbock, Texas: Curtis Griffith David Sharbutt Tony Whitehead Kenny M.cK.ay Chris Payen SECTION 2. THAT two of the five individuals appointed in Section 1 shall serve a one year tenn and the other three individuals shall serve two year terms as detem1ined by drawing lots; and SECTION 3. THAT Curtis Griffith shall serve as chairman of the board of directors of the Lubbock Business Park Tax Increment Financing Reinvestment Zone Number 3, City of Lubbock, Texas until January 15, 2012; and SECTION 4. THAT this resolution shall be effective immediately upon passage. ( c ( Passed by the City Council this 14th day of January, 2010. ATTEST: APPROVED AS TO CONTENT: ( J �dY� Rob Allis , ssrs ant City Manager Development Services APPROVED AS TO FORM: '/""/ _,/ --�;_ �L .: __ ..v( �&!-?�-.�-. C:.� - Linda L. Chamales, Economic Development Attorney LC: CityattJLimlo/LB P Tl F boarJ uppt Dcc.:111bcr 28. 2009 ,�H� TOM MARTIN, MAYOR