TITLE
Consider/Discuss/Act on a Resolution Approving the Second Amended Articles of Incorporation of the Renamed (Pending Approval) Collin County Airport Development Corporation
summary
MEETING DATE: May 1, 2012
DEPARTMENT: Collin County Regional Airport
CONTACT: Mark Houser, City Attorney
Ken Wiegand, Airport Director
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Resolution
ITEM SUMMARY:
This resolution will:
· Approve Second Amended Articles of Incorporation of the renamed Collin County Airport Development Corporation (the "Corporation")
· The Amended Articles of Incorporation will change the name of the Corporation from McKinney Airport Development Corporation to Collin County Airport Development Corporation
BACKGROUND INFORMATION:
· MADC was created to assist and act on behalf of the City and to engage in activities in the furtherance of the purposes for its creation, the management of Collin County Regional Airport
· To enhance Collin County Regional Airport's role as a regional facility, a regional name was sought for the airport's corporation
· These changes were approved by the MADC board on April 12, 2012 and will be submitted for approval to the Texas Secretary of State following council's approval
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: The McKinney Airport Development Corporation approved the name change at their meeting held on April 12, 2012.