HomeMy WebLinkAbout11-25-2003-11.07 - Resolution - 11/25/2003RESOLUTION NO. 11 -25- 2003 -11.07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, PLACING THE COLLEGE STATION BUSINESS DEVELOPMENT
CORPORATION INTO DORMANT STATUS.
WHEREAS, the City Council of the City of College Station, Texas, created the College Station
Business Development Corporation by Resolution No. 1 -28 -99 -13.1; and
WHEREAS, in the 2003 Legislative Session, changes to the Development Corporation Act of
1979, Article 5190.6, Tex Rev. Civ. Stats. Ann., revised the powers of corporations established
under this Act; and
WHEREAS, the College Station Business Development Corporation was established under this
Act; and
WHEREAS, the City Council of the City of College Station, Texas, finds that these changes no
longer allow the College Station Business Development Corporation to fulfill the goals for which
it was established; and
WHEREAS, it is the desire of the City Council to reserve the ability to re- activate the Board in
the event that the need arises; now therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby places the College Station Business Development
Corporation into dormant status and suspends all activities of the corporation.
PART 2: That the City Council hereby removes all currently appointed board members
from any duties as board members.
PART 3: That the City Council hereby authorizes city staff to take action as required to
maintain the Corporation's legal non - profit status.
PART 4: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 25th d
1" r
A' EST:
CONNIE HOO S, City Secretary RON S
APPROVED:
City Attorne
P /group /agen- cal /legal review /10- 23 -03/4b board /dormant status resolution
November , A.D. 2003.
APPROVED: