RE 2008-0408.1
CITY OF COPPELL, TEXAS
RESOLUTION NO. 2008-0408.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, RATIFYING THE INCORPORATION OF
THE COPPELL ECONOMIC DEVELOPMENT FOUNDATION;
PROVIDING FOR RATIFICATION OF PAST ACTS OF THE
FOUNDATION FOR AND ON BEHALF OF ECONOMIC
DEVELOPMENT IN THE CITY; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS,
the City has engaged in economic development within the City of
Coppell, Texas; and,
WHEREAS,
the City Council was aware of and understood the need to
incorporate an economic development foundation to facilitate economic development
within the City of Coppell; and,
WHEREAS,
the City Manager, Assistant City Manager and City Attorney had
previously advised the city council of the need for formation of the foundation in order to
undertake certain economic development programs; and
WHEREAS,
the City Council knew and understood that a corporation would be a
Texas Nonprofit Corporation and be organized for the purpose of facilitating certain
economic development programs; and
WHEREAS,
the Coppell Economic Development Corporation was incorporated
on March 21, 2004; and
WHEREAS,
the City Council had not formally authorized such independent
foundation for the purposes of providing grants in support of economic development and
other public purposes within the City and now desires to do so.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF COPPELL, TEXAS:
SECTION 1:
That the City Council hereby ratifies the formation of the Coppell
Economic Development Foundation, as a Texas non profit corporation, and desires to
continue and require the continued operation of said Foundation.
SECTION 2:
That this resolution shall take effect immediately from and upon
its adoption and it is so resolved.
PASSED AND APPROVED by the City Council of the City ofCoppell, Texas
on the l!;f!yday o~ ".L ./ , 2008.
ATTEST:
TM 26289.2.000