TOWN STAFF REPORT RECOMMENDATIONS
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Discuss, consider and act to ratify and adopt the Westlake Development Corporation, Inc. Bylaws approved by Westlake Town Council Resolution 25-21 on June 17, 2025.
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STAFF: Wade Carroll, Town Manager
BACKGROUND:
Approved by the voters in an elected held in 1995, the Westlake Development Corporation, Inc., is a Type B Development Corporation incorporated pursuant to the provisions in Chapter 501 and Chapter 505 of the Texas Local Government Code, as amended (the “Development Corporation Act”). The Certificate of Incorporation was approved by the Secretary of State on July 7, 1995.
In anticipation of the Westlake Development Corporation, Inc. resuming activity, a review of the records for the Board was conducted. Minutes for the Westlake Development Corporation, Inc. indicate that the Board was active between 1996 and 2003, and that they approved the bylaws on January 8, 1996.
After an extensive search by staff, it has been determined that the Town of Westlake (the “Town”) does not have a copy of the approved bylaws. Therefore, a resolution was presented to the Town Council on June 17, 2025, for consideration to repeal and replace any existing bylaws of the Westlake Development Corporation, Inc., with the attached bylaws prepared by staff and reviewed by legal counsel (see Exhibit “A”).
The bylaws found in Exhibit “A” were approved by the Town Council on June 17, 2025, and are presented to the Board for ratification of approval.
DISCUSSION:
N/A.
FISCAL IMPACT:
N/A.
STAFF RECOMMENDATION:
The Office of the Town Manager recommends ratification of approval of the bylaws as presented.
WESTLAKE DEVELOPMENT CORPORATION ACTION / OPTIONS:
1) Motion to approve;
2) Motion to approve with additional conditions (please state additional conditions in motion);
3) Motion to deny; OR
4) Motion to table (must table to a specific date).
ATTACHMENT(S):
1) EXHIBIT “A” - Bylaws