Resolution No. 2005-01A RESOLUTION NO. 2005-01A
A RESOLUTION OF THE WYLIE PARK AND RECREATION
FACILITIES DEVELOPMENT CORPORATION APPROVING AND
AUTHORIZING THE EXECUTION OF A PROJECT CONTRACT WITH
THE CITY OF WYLIE, TEXAS.
WHEREAS, the City Council of the City of Wylie, Texas (the "City"), has determined that
certificates of obligation should be issued under and pursuant to the provisions of V.T.C.A., Local
Government Code, Subchapter C of Chapter 271, for the purpose of paying contractual obligations to
be incurred for the purchase of land for a City municipal government complex and City recreational
facilities (the "Project"); and
WHEREAS, the Board of Directors of the Wylie Park and Recreation Facilities Development
Corporation (the "Corporation") has agreed to pay a portion of the costs of such Project by remitting to
the City from the receipts from the local sales and use taxes received by the Corporation; and
WHEREAS, a Project Contract by and between the Corporation and the City (substantially in
the form and content attached hereto as Exhibit A) has been submitted to the Board of Directors for
approval and execution;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE WYLIE
PARK AND RECREATION FACILITIES DEVELOPMENT CORPORATION: The Project Contract by
and between the Corporation and the City (substantially in the form and content of Exhibit A attached
hereto and incorporated herein by reference as a part hereof for all purposes) is hereby approved,
and the President and Secretary of the Board of Directors are hereby authorized and directed to
execute and deliver such Project Contract for and on behalf of the Corporation and as the act and
deed of this Board.
DULY PASSED AND APPROVED this the 11`h day of January, 2005.
President, Board of Directors
Wylie Park And Recreation Facilities Development
Corporation
ATTEST:
Se retary
Wylie Park d Recreation Facilities
Development Corporation
Resolution 2005-01A
Project Contract with City of Wylie