HomeMy Public PortalAboutResolution No. 349-09 09-08-2009 CITY OF RICHLAND HILLS RESOLUTION NO. 349-09
A RESOLUTION OF THE CITY OF RICHLAND HILLS, TEXAS TO
DISSOLVE THE QUAD CITIES FOUNDATION AND TO TRANSFER ALL
OF ITS ASSETS REMAINING AFTER REFUNDS OF UNUSED AMOUNTS
CONTRIBUTED FOR SPECIFIC PURPOSES BY PARTICIPATION CITIES
TO A WORTH 501(c)(3) ORGANIZATION; PROVIDING FOR NOTICE;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Board of Directors of the Quad Cities Foundation voted on motion duly
made and seconded and passed by a majority vote to dissolve the corporation effective September
30, 2009; and
WHEREAS, although no funds are anticipated to be available after refunds of unused
amounts contributed for specific purposes by participating cities, the Board of Directors of the Quad
Cities Foundation voted to transfer any remaining assets to a worthy 501 C3 organization; and
WHEREAS, the members ofthe Quad Cities organization agreed to continue on a voluntary
basis with a focus on initiatives that enhance and revitalized targeted neighborhoods and economic
development corridors; and
WHEREAS, a copy of the identified goals and objectives for the voluntary organization are
attached as Exhibit A; and
WHEREAS, these initiatives will continue with oversight of a steering committee and
participation of City Staff and the Northeast Chamber of Commerce;
WHEREAS, the Northeast Chamber of Commerce will continue to hold meetings of the
Economic Development Committee involving the Economic Development Directors of the member
cities; and
WHEREAS, other initiatives will be managed by appropriate staff personnel of participating
cites and will report to the steering committee at periodic intervals.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RICHLAND HILLS, TEXAS:
SECTION 1.
ORDER
The City Council hereby orders that the Quad Cities Foundation be dissolved, that the City's
participation in such Foundation cease, that any unused amounts contributed for specific purposes
by participating cities be refunded, and that all assets remaining after refunds of used amounts
contributed for specific purposes by participating cities be transferred to a 501(c)(3) organization
selected by the Board of Directors of the Quad Cities Foundation.
SECTION 2.
NOTICE
Upon adoption of this Resolution, the City Secretary is directed to give notice of this
resolution in the manner required by law.
SECTION 3.
AUTHORIZATION OF NECESSARY ACTIONS
The Mayor and the City Secretary, in consultation with the City Attorney, are authorized and
directed to take all actions necessary to effectuate this resolution.
SECTION 4.
EFFECTIVE DATE
This Resolution shall be effective upon its adoption.
Passed and approved this 8th day of September , 2009.
CIT ICHLAND HILL XAS
Honorable David L. Rag ,Mayor
ATTEST: \\\\~~;tttiinuui~~~~~~~`
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inda Cantu, T C, City Secretary ' X
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APPROVE TO FORM AND LEGALITY: =J l ~ ti`
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Tim G. Sralla, City Attorney
RESOLUTION TO DISSOLVE QUAD CITIES FOUNDATION Page 2
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