HomeMy WebLinkAbout23-865RESOLUTIONNO. 23-865
A RESOLUTION OF THE CITY OF DENTON, TEXAS, AUTHORIZING AND APPROVINGTHE CREATION OF DENTON PUBLIC FACILITY CORPORATION, A PUBLIC FACILITY
CORPORATION, PURSUANT TO CHAPTER 303 OF THE TEXAS LOCAL GOVERNMENTCODE: APPROVING THE ARTICLES OF INCORPORATION; APPOINTING THE INITIALDIRECTORS OF THE CORPORATION; APPROVING THE INITIAL BYLAWS FOR THE
CORPORATION; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton, Texas (the “City”) desires to create Denton Public Facility
Corporation (“DPFC”) as a public facility corporation pursuant to Chapter 303 of the Texas Local
Government Code, as amended (“Act”); and
WHEREAS, the
acquisition, and construl
including, but not limiteJ
of the DPFC will be to provide for the financing, refinancing,facilities as defined in Section 303.003 of the Act,
housing; and
lblic
lily
WHEREAS,
public interest and to the benlto create the DPFC to finan.
in the City, as provided under
Ecity City (“City Council”) has determined that it is in the
of the State of Texas and the residents of the City
for the costs of public facilities to be createdAct; and
lvide
'the
WHEREAS, the City
proposed to be used in organizing the lnCJ
form and content and should be approved;
E the
’has found and
Articles of Incorporation and the Bylaws
determined that they are in proper
Loin aHEWHEREAS, the City Council has revieXd
ofDPFC should be approved and authorized; NO
determined that the creation
THE CITY COUNCIL OF THE CITY OF DENTON
SECTION 1. That the City Council hereby authoriz€
to act on behalf of the City as a public facility corporation unde;this resolution (“Resolution”).
ct
creation of DPFC
pursuant to the terms of
SECTION 2. That the Articles of Incorporation of the DPFC, attached hereto as Exhibit
“A”, and to be filed with the Secretary of State of the State of Texas is hereby approved and
ratified.
SECTION 3. That the form of Bylaws, attached hereto as Exhibit “B”, are approved to be
adopted as the Bylaws of the DPFC.
SECTION 4. That the City Manager or their designee is hereby authorized and directed
to take such further action in the consummation of the transactions herein contemplated and to do
any and all other acts and things necessary or proper in furtherance thereof, as the City Manager
or their designee shall deem to be necessary or desirable, and all acts heretofore taken by the City
Manager to such end are hereby expressly ratified and confirmed as the acts and deeds of the City.
SECTION 5. This Resolution shall be effective as of its date of approval and passage byCity Council.
The motion to approve this Resolution was made by and
seconded by , the Resolution was passed and approved
by the following vote
Aye Nay Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck, District 2 :
Jesse Davis, District
VACANT. District 4 :
Brandon Chase McGee, At
Chris Watts, At Large Place 6:
PASSED AND APPROVED , 2023.
ETH, MAYOR
ATTEST:
JESUS SALAZAR, INTERIM CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
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