HomeMy WebLinkAboutCity Council-Minutes-1/9/2001
MINUTES OF THE
COLLEYVILLE CITY COUNCIL AND
TAX INCREMENT FINANCING DISTRICT BOARD
JOINT WORKSESSION
January 9, 2001
The Colleyville City Council Worksession was called to order by Mayor Arpon January 9,
2001 at 7:15 p,m,
ROLL CALL:
Councilpersons Mike Taylor, Dana Feldman, Jody Short and
Dennis Marlin were present. Mayor Donna Arp, Mayor Pro Tem
Ginny Tigue, Interim City Manager Dianne McWethy, Finance
Director Terry Leake, and Economic Development Manager Mike
Soab were also present.
Tax Increment Financing Board of Directors Hayden Chasteen, Jane
Sanford, Larry Darlage and Drenda Witt were also present. Lisa
McMillan, Economic Development Coordinator, Tarrant County was
also present.
Other attendees included Jim Sabonis, Senior Vice President, and
Beth Bankhead, Associate, of First Southwest Company,
1. Review of the Analysis and Implementation of the Tax Increment Reinvestment
Zone #1 Capital Improvement Program
Jim Sabonis, Financial Advisor, First Southwest Company, provided a review of the
Tax Increment Reinvestment Zone #1 Capital Improvement Program, The purpose
of this program is to provide the funding structure for the construction of the
Colleyville Public Library and Colleyville City Hall in the Village at Colleyville
development.
2. Review and Analysis of Proposed Modifications of the Agreement for
Redevelopment Site No.1
Jim Sabonis, Financial Advisor, First Southwest Company, reviewed with the
Council proposed modifications of the Agreement between the City of Colleyville
and Village Monticello Partners, L TD for construction of public infrastructure
improvements within the Village of Colleyville, Mr, Sabonis answered questions of
the Council and the TLF Directors,
No formal action was taken by the City Council at this joint worksession of the City Council
and the Tax Increment Financing Board of Directors,
Mayor Arp adjourned the meeting at 8:45 p,m,
Minutes taken and prepared by:
~d~ m~
b:~ne McWethy
Interim City Manager