RE 07-23-96.1 RESOLUTION NO. 072396.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS, AUTHORIZING INCORPORATION OF THE COPPELL
ECONOMIC DEVELOPMENT CORPORATION; APPROVING THE
FORM OF ARTICLES OF INCORPORATION FOR THE
CORPORATION; AUTHORIZING THE INCORPORATORS TO
FORWARD THE ARTICLES TO THE SECRETARY OF STATE; AND
PROVIDING AN EFFECTIVE DATE.
BE IS RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS:
SECTION 1. That the City Council of the City of Coppell, Texas, hereby finds and
determines that it is advisable that the Coppell Economic Development Corporation be authorized
and created under the provisions of the Section 4B of the Development Corporation Act of 1979,
Article 5190,6, Vemon's Revised Civil Statutes, as amended.
SECTION 2. That the Articles of Incorporation for the Corporation, a true copy of which
is attached hereto as Exhibit "A" and are made part hereof for all purposes, be, and the same is
hereby, approved for organizing the Corporation.
SECTION 3. That Don B. Munson, Jim Witt, and Clay Phillips be, and are hereby,
authorized to act as the Incorporators o£ the Corporation and to file the Articles of Incorporation of
the Corporation with the Secretary 0£ State o£Texas in the manner provided by law.
SECTION 4. That the City Council specifically authorized the Corporation by this
resolution to act on its behalf to further the public purposes stated in the Articles, such purposes
being those recited in the election ballot submitted to and approved by the voters o£ the City of
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Coppell on May 4, 1996 to authorize the levy of an additional ½ of 1 percent sales and use tax to be
used for the purposes authorized by Section 4B, Article 5190.6.
SECTION 5. That this resolution shall take effect immediately from and after its passage,
and it is accordingly so resolved.
DULY PASSED by the City Council of the City of Coppell, Texas, this ~.7/5 ~--day of
~' t/~i~ ,1996.
APPROVED:
TOM MORTON, MAYOR
AT/EST:
L1NDA GRAU, CITY SECRETARY
APPROVED AS TO FORM:
PETER G. SMITH, CITY ATTORNEY
(PGS/ttl 7/11/96)
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ARTICLES OF INCORPORATION
OF
COPPELL ECONOMIC DEVELOPMENT CORPORATION
We, the undersigned natural persons over the age of eighteen (18) and qualified electors of
the City of Coppell, Texas acting as incorporators, adopt the following Articles of Incorporation of
the Coppell Economic Development Corporation.
ARTICLE I
NAME
The name of the corporation is Coppell Economic Development Corporation.
ARTICLE II
STATUS
The Corporation is a non-profit corporation. The Corporation is a non-stock corporation
and has no members.
ARTICLE III
DURATION
The period of its duration is perpetual.
ARTICLE IV
PURPOSES
The purpose or purposes for which the Corporation is organized and may issue bonds is for
any purpose authorized by Section 4B, Article 5190.6, Vemon's Revised Civil Statutes, as
amended, the Development Corporation Act of 1979, but limited to, the construction and
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development of an all-season aquatic facility, a community multi-purpose recreation facility, a new
athletic complex, and the first phase of a hike and bike trail system and may contract with other
existing private corporations to carry out industrial development programs consistent with the
purposes and duties as set out in the Development Corporation Act of 1979.
ARTICLE V
REGISTERED OFFICE/AGENT
The street address of the initial registered office o£the Corporation is c/o City Manager, 255
Parkway Boulevard, Coppell, Texas 75019, and the name o£ its initial registered agent at such
address is Jim Witt.
ARTICLE VI
DIRECTORS
The number of directors constituting the initial Board o£ Directors is seven, and the
names, addresses and initial terms of office of the persons who are to serve as the initial directors
are~
NAME ADDRESS TERM
Kip Allison 464 Halifax, Coppell, Texas 75019 2 years
Sandra Edwards 241 Whispering Hills, Coppell, Texas 75019 2 years
Elizabeth Barger 719 Clayton Circle, Coppell, Texas 75019 2 years
Timothy Higgins 306 Lodge Road, Coppell, Texas 75019 2 years
Jim Still 726 Oriole Lane, Coppell, Texas 75019 2 years
Andrew Wagner 601 Wellington Road, Coppell, Texas 75019 2 years
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Mary Williams 755 Pelican Lane, Coppell, Texas 75019 2 years
Directors are appointed and serve at the pleasure of the City Council of the City of Coppell.
A Director may be removed by the City Council of the City of Coppell at any time without cause.
Directors shall serve without compensation except that they shall be entitled to reimbursement for
expenses incurred in the performance of their duties as Directors.
ARTICLE VII
INCORPORATORS
The name and street address of the incorporators are Don B. Munson, 821 Parkway
Boulevard, Coppell, Texas 75019; Jim Witt, 255 Parkway Boulevard, Coppell, Texas 75019; and
Clay Phillips, 255 Parkway Boulevard, Coppell, Texas 75019.
ARTICLE VIII
AUTHORIZATION
The City Council of the City of Coppell, Texas, has specifically authorized the formation of
the Coppell Economic Development Corporation, a non-profit corporation, by Resolution
approving the form of these Articles of Incorporation.
ARTICLE IX
ELIGIBILITY
That the City of Coppell is a City with a population of fewer than 50,000 according to the most
recent federal decennial census that is located within the territorial limits but has not elected to
become a part of a metropolitan rapid transit authority that has a principal city with a population of
more than 750,000 according to the most recent federal decennial census, with such authority being
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created under Chapter 452 of the Texas Transportation Code and the creation of this Corporation is
authorized under the provisions of Section 4B, Article 5190.6, the Development Corporation Act of
1979, Vemon's Revised Civil Statutes, as amended, and the Corporation shall be govemed by that
Section.
ARTICLE X
AMENDMENTS
These Articles of Incorporation may at any time, and from time to time, be amended by the
following:
a. the Board of Directors shall file with the City Council of the City of Coppell, Texas,
a written application requesting approval of the amendments to the Articles of
Incorporation, specifying in such application, the proposed amendments. City Council shall
consider such application and, if deemed appropriate shall approve the form of the proposed
amendments. The Board of Directors of the Corporation may then amend the Articles of
Incorporation by adopting such amendment at a meeting of the Board of Directors and
delivering the Amended or restated Articles of Incorporation Secretary of State, or
b. the City Council of the City of Coppell, Texas may, at its sole discretion, amend
these Articles of Incorporation, by the adoption of a resolution approving amended or
restated Articles of Incorporation.
ARTICLE XI
DISSOLUTION
When the Corporation is dissolved, any interest in any funds or property of any kind, real,
personal or mixed, such funds or property or rights thereto shall not be transferred to private
ownerslfip, but shall be transferred and delivered to the City of Coppell, Texas, after satisfaction or
provision for satisfaction of debts and claims.
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ARTICLE XII
CITY APPROVAL
All actions of the Corporation are subject to the City Council approval.
JIM WITT,~CORPORATOR
CLAY2Ba~IILLIPS, INCORPORATOR
STATE OF TEXAS
COUNTY OF DALLAS
Before me, a Notary Public, on this day personally appeared
~ ~/.~, and [~]f/~ /~?/~ known to me to be the person whose names
are subscribed to the foregoing docmnent and being by me first duly sworn, declared that the
statements therein contained are tree and correct.
Given under my hand and seal of office this of ( .~. ,1996.
'- °~l~tary Public, Stat~ of Te3cas
My Commission Expires: 1[~., UNDA LEE emu
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