RES 2015-18CERTIFICATION PERTAINING TO
PASSAGE OF A RESOLUTION
STATE OF TEXAS §
TOWN OF TROPHY CLUB §
On the 25th day of August, 2015 the Board of Directors of the Trophy Club 4B
Economic Development Corporation (the "Corporation"), convened in a regular meeting at the
regular meeting place thereof, the meeting being open to the public and notice of said meeting,
giving the date, place and subject thereof, having been posted as prescribed by Chapter 551,
Texas Government Code, as amended; and the roll was called of the duly constituted officers and
members of the Corporation, which officers and members are as follows:
Greg Wilson, President Rebecca Shuman ) Directors of
David Brod, Vice President Sean Weaver ) the Board
Eric Jensen, Secretary/Treasurer Sean Bone )
and all of said persons were present except David Brod, thus constituting a quorum. Whereupon,
among other business, a written resolution bearing the following caption was introduced:
A RESOLUTION OF THE TROPHY CLUB 4B ECONOMIC
DEVELOPMENT CORPORATION OF THE TOWN OF
TROPHY CLUB, TEXAS, AUTHORIZING THE
EXPENDITURE OF CORPORATION FUNDS FOR THE
PURCHASE OF REAL ESTATE AND PROVIDING AN
EFFECTIVE DATE
The Resolution, a full, true and correct copy of which is attached hereto, was read and
reviewed by the Corporation.
Thereupon, it was duly moved and seconded that the Resolution be finally passed and
adopted.
The Presiding Officer put the motion to a vote of the members of the Board, and the
Resolution was finally passed and adopted by the following vote:
AYES: 5 NAYS: 0 1 ABSTENTIONS: 0
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THIS CERTIFICATE IS CERTIFIED TO BE TRUE AND CORRECT, and to correctly
reflect the duly constituted officers and members of the Board of Directors of said Trophy Club
4B Economic Development Corporation, and the attached and following copy of said Resolution
is hereby certified to be a true and correct copy of an official copy thereof on file among the
official records of the Corporation, all on this the day of
Board Secre ,
Trophy Club 4B Economi Development Corporation
Trophy Club 4B Economic Development Corporation
Certification for Resolution Authorizing Expenditures
TROPHY CLUB 413 ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 2015-18
A RESOLUTION OF THE TROPHY CLUB 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE TOWN .OF TROPHY CLUB, TEXAS,
AUTHORIZING THE EXPENDITURE OF CORPORATION FUNDS FOR
THE PURCHASE OF REAL ESTATE AND PROVIDING AN EFFECTIVE
DATE
WHEREAS, the Trophy Club 4B Economic Development Corporation (the
"Corporation") was created as a result of the approval of the voters of the Town; and
WHEREAS, the enhancement of the local economy is in the best interest of citizens of
the Town; and
WHEREAS, the categories and scope of the projects authorized and approved by the
voters included the full range of economic development projects authorized under the law; and
WHEREAS, Town staff has proposed the use of 4B Economic Development Funds for
the acquisition of a significant tract of undeveloped property in the Town (the "Property"); and
WHEREAS, the Town's acquisition of the Property will serve to assist the Town to meet
the goals approved by the voters in authorizing the creation of the Corporation; and
WHEREAS, the Town's acquisition of the Property will serve to promote new or
expanded business enterprises including sports, athletic, entertainment, tourist, convention, and
public park purposes and events, and any other purpose authorized by the Act, including but not
limited to land, buildings, equipment, facilities, and improvements required or suited for public
safety facilities, streets, roads, drainage and related improvements, general municipal
improvements and other projects that promote or develop new or expanded business enterprises,
professional and amateur (including children's) sports, athletic, entertainment, tourist,
convention and public park purposes, including stadiums, ballparks, auditoriums, amphitheaters,
concert halls, municipal buildings, museums, exhibit facilities and related stores, restaurants,
concessions, parking and transportation facilities, and water and sewer facilities (the "Project");
and
WHEREAS, the Board held a public meeting and public hearing regarding the Project on
July 6, 2015; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
Resolution have been met, including but not limited to the Open Meetings Act and Chapter 501.
and 505 of the Local Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE TROPHY CLUB 4B ECONOMIC
DEVELOPMENT CORPORATION OF THE TOWN OF TROPHY CLUB, TEXAS:
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Section 1. That all matters stated hereinabove are found to be true and correct and are
incorporated herein by reference as if copied in its entirety.
Section 2. That the Board hereby authorizes and approves the Project to include the
expenditure of up to $3 million in Corporation funds, including from the proceeds of the
Corporation's Sales Tax Revenue Bonds, for the purchase of real estate. The Board hereby
ratifies the publication of any and all required notices for the proposed issuance of debt as
required by law, including but not limited to Section 505.160 of the Local Government Code.
Section 3. That this resolution shall take effect from and after the date of its passage.
[SIGNATURE PAGE TO FOLLOW] .
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PASSED AND APPROVED BY THE TROPHY CLUB 4B ECONOMIC
DEVELOPMENT CORPORATION BOARD OF DIRECTORS OF THE TOWN OF TROPHY
CLUB, TEXAS ON THIS THE 2�5_ DAY OF �- , 2015.
ATTEST:
Board S
. 02 •
By:
Name:
Title:
Gregory Wilson
Board President
Signature Page Trophy Club 4B Resolution