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RES 2018-03 Unexpired Term Tax Increment Reinvestment Zone TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2018-03 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, REPEALING RESOLUTION NO. 2017-30 AND ADOPTING A NEW RESOLUTION, FILLING ONE (1) VACANT POSITION FOR THE REMAINDER OF AN UNEXPIRED TERM AND APPOINTING A CHAIRPERSON ON THE TAX INCREMENT REINVESTMENT ZONE NO. 1; REAFFIRMING EXISTING APPOINTMENTS; 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; and WHEREAS, on October 10, 2017, the Town Council of the Town of Trophy Club adopted Resolution No. 2017-30, filling one (1) vacant position for the remainder of an unexpired term and reaffirming current appointments to serve on the Tax Increment Reinvestment Zone No. 1 for the 2017-2018 fiscal year, as well as reaffirming the 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 for the newly appointed Chairperson will commence immediately and expire on December 31, 2018; and WHEREAS, by passage of this Resolution, the Town Council hereby repeals Resolution No. 2017-30 and adopts this Resolution, filling one (1) vacant position for the remainder of an unexpired term and reaffirming current appointments to serve on the Tax Increment Reinvestment Zone No. 1 for the 2017-2018 fiscal year, as well as appointing a member of the Board to serve as the Chairperson for the period commencing immediately 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. 2017-30 and adopts this Resolution to fill one (1) vacant position for the remainder of an unexpired term and reaffirm, as applicable, the following individuals to serve on the Tax Increment Reinvestment Zone No. 1 with respective terms of service ending on September 30 of the year specified below for each individual for the 2017-2018 fiscal year; and appoint a Chairperson for the period commencing immediately and expiring on December 31, 2018: Tax Increment Reinvestment Zone No. 1 1. Jared Hall (2018) 4. Travis Inge (2019) 2. Sean Bone (2018) (EDC-4B) 5. Rebecca Barksdale (2019) (Tarrant County Official) 3. Cory McDonald (2018) Chairperson Sean Bone appointment to expire December 31, 2018 Section 3. That this Resolution shall take 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 9th day of January 2018. 'fi7Z 5:. e V,- -I/7- --- C. Nick Sanders, Mayor Town of Trophy Club, Texas ATTEST: [SEAL] o.,k0lcb ..A;y1\iivi2. lly Fimbr s, Town Secretary -- \ Town of T ophy Club, Texas t cuj AP±Ir • fiD TO AS FORM: .-,- ORM: f. ' / i ,zt..../7" t . avid Do.d III, Town Attorney n of Trophy Club, Texas RES 2018-03 Page 2 of 2