HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-4/1/2003
City of
c
Texas
PUBLIC NOTICE
THE COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD WILL
BE MEETING ON TUESDAY, APRIL 1, 2003, AT 5:00 P.M. IN THE COUNCIL
CHAMBERS AT THE COLLEYVILLE CITY HALL, 5400 BRANSFORD ROAD,
FOR THE FOLLOWING PURPOSE:
1. READING AND PUBLIC HEARING - Resolution R-03-05-Approval of
Minutes of the Tax Increment Financing District Board of Directors
Meeting held on March 20, 2003
2. READING AND PUBLIC HEARING - Resolution R-03-06 - Approval
of Tax Increment Reinvestment Zone #1 Capital Improvement Program
3. READING AND PUBLIC HEARING - Resolution R-03-03 - Amending
Resolution R-02-3 and Approving the amended the Tax Increment
Financing (TIF) District Project Plan
4. READING AND PUBLIC HEARING - Resolution R-03-07 - Ratifying
Tax Increment Financing District Board of Directors agenda action for
the meeting of April 1 , 2003
5. Adjournment
I certify that the above notice was posted on the Bulletin Board at City Hall on
March 28, 2003, at 5:00 p.m.
o . . t-JhJ
Cynthia Singleton
City Secretary
P.O. BOX 185 COLLEYVILLE, TEXAS 76034 (817) 577-7575
MINUTES OF THE
COLLEYVILLE TAX INCREMENT FINANCING DISTRICT
BOARD OF DIRECTORS
MEETING
APRIL 1, 2003
The Tax Increment Financing District Board of Directors meeting was called to order by
Chairman Brad Rice on April 1, 2003, at 5:02 p.m.
ROLL CALL:
Directors Drenda Witt, Ret Stansberger, John Eubanks, Jane
Sanford, Larry Darlage, Brad Rice, Donna Arp, and Ginny Tigue
were present.
City Manager Bill Lindley, Deputy City Manager Dianne McWethy,
Finance Director Terry Leake and City Secretary Cynthia Singleton
were also present.
Director Joe Hocutt was absent.
1. READING AND PUBLIC HEARING - Resolution R-03-05-Approval of
Minutes of the Tax Increment Financing District Board of Directors Meeting
held on March 20, 2003
Chairman Brad Rice opened the public hearing and read Resolution R-03-05 in its
entirety.
There was no one present wishing to speak concerning this item and Chairman Rice
closed the public hearing.
Director Tigue moved to approve Resolution R-03-05.
Director Witt seconded the motion.
Ayes: Directors Witt, Stansberger, Eubanks, Sanford, Darlage, Rice, Arp and Tigue
Nays: None
Chairman Rice declared the motion carried.
TAX INCREMENT FINANCING DISTRICT MINUTES
APRIL 1, 2003
2. READING AND PUBLIC HEARING - Resolution R-03-06 - Approval of Tax
Increment Reinvestment Zone #1 Capital Improvement Program
Chairman Brad Rice opened the public hearing and read Resolution R-03-06 in its
entirety.
There was no one present wishing to speak concerning this item and Chairman Rice
closed the public hearing.
Finance Director Terry Leake provided an overview of the Tax Increment Reinvestment
Zone #1 Capital Improvement Program.
Discussion ensued regarding the Grapevine-Colleyville Independent School District hold
harmless agreement, the payout timeline and the Church Street West development.
Director Witt moved to approve Resolution R-03-06 conditioned upon the approval of
the Tarrant County Hospital District Board's approval.
Director Eubanks seconded the motion.
Director Witt withdrew the motion and Director Eubanks withdrew the second.
Director Tigue moved to approve Resolution R-03-06 with the proviso that the Tarrant
County Hospital District Board's participation shall be contingent upon the approval by
the Tarrant County Hospital District Board's of the amended Project Plan.
Director Eubanks seconded the motion.
Ayes: Directors Witt, Stansberger, Eubanks Sanford, Darlage, Rice, Arp and Tigue
Nays: None
Chairman Rice declared the motion carried.
3. READING AND PUBLIC HEARING - Resolution R-03-03 - Amending
Resolution R-02-3 and Approving the amended the Tax Increment Financing
(TI F) District Project Plan
Chairman Brad Rice opened the public hearing and read Resolution R-03-03 in its
entirety.
There was no one present wishing to speak concerning this item and Chairman Rice
closed the public hearing.
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TAX INCREMENT FINANCING DISTRICT MINUTES
APRIL 1, 2003
Director Arp expressed gratitude to the Commissioners for their vote of support.
Director Arp moved to approve Resolution R-03-03.
Director Stansberger seconded the motion.
Ayes: Directors Witt, Stansberger, Eubanks Sanford, Darlage, Rice, Hocutt, Arp and
Tigue
Nays: None
Chairman Rice declared the motion carried.
4. READING AND PUBLIC HEARING - Resolution R-03-07 - Ratifying Tax
Increment Financing District Board of Directors agenda action for the meeting
of April 1, 2003
This item was not needed.
5. Adjournment
There being no further business before the Tax Increment Financing District Board of
Directors, Chairman Rice adjourned the meeting at 5:32 p.m.
02J>~ DAY OF
o NAYS AND
~-b 2004, BY A VOTE OF
o ABSTENTIONS.
APPROVED THIS
'1 AYES,
Cynthia Singleton, TRMC
City Secretary
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