HomeMy WebLinkAboutTax Increment Finance (TIF)-Agenda Packets-2/6/2006 (2)
MINUTES OF THE
COLLEYVILLE TAX INCREMENT FINANCING DISTRICT
BOARD OF DIRECTORS
MEETING
NOVEMBER 18, 2004
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Brad Rice on November 18, 2004, at 7:04 p.m.
ROLL CALL:
Directors Ret Stansberger, Jane Sanford, Ginny Tigue, John
Eubanks, Rich Hendler and Chair Brad Rice were present.
City Manager Bill Lindley, Finance Director Terry Leake and
City Secretary Cynthia Singleton were also present.
Directors Drenda Witt, Larry Darlage and Joe Hocutt were
absent.
Mr. Jim Sabonis of First Southwest Financial Company also
attended.
2. READING AND PUBLIC HEARING - Resolution R-04-04 - Approval
of the Minutes of the Tax Increment Financing District Board of
Directors meeting held on July 28, 2004
Chairman Brad Rice opened the public hearing and read Resolution R-04-04 in
its entirety.
There was no one present wishing to speak concerning this item and Chairman
Rice closed the public hearing.
Director Sanford moved to approve Resolution R-04-04.
TAX INCREMENT FINANCING
DISTRICT MINUTES
NOVEMBER 18, 2004
Director Eubanks seconded the motion.
Ayes: Directors Sanford, Eubanks, Hendler, Stansberger, Tigue and Chairman
Rice
Nays: None
Chairman Rice declared the motion carried.
3. Overview of the City of Colleyville Tax Increment Financing District
Mr. Jim Sabonis, Financial Advisor, First Southwest Company, provided an
overview of the Tax Increment Financing District (TIF) and answered questions
of the Board.
4. Presentation of Annual Tax Increment Financing District Report
Finance Director Terry Leake presented the Annual Tax Increment Financing
District Report and answered questions of the Board.
City Manager Bill Lindley expressed appreciation to the Grapevine-Colleyville
Independent School District, the Tarrant County Hospital District, Tarrant County
Community College and Tarrant County for their participation in the TIF.
Chairman Brad Rice expressed gratitude to the TIF entities and stated without
this collective body, the TIF District would not exist.
5. READING AND PUBLIC HEARING - Resolution R-04-05 - Ratifying
Tax Increment Financing District Board of Directors agenda action for
the meeting of November 18, 2004
This resolution was not needed.
6. Adjournment
Director Tigue thanked each entity for their participation in the TIF.
Director Tigue moved to adjourn the meeting.
Director Sanford stated that she is delighted at the success of the TIF and
seconded the motion.
2
TAX INCREMENT FINANCING
DISTRICT MINUTES
NOVEMBER 18, 2004
There being no further business before the Tax Increment Financing District
Board of Directors, Chairman Rice adjourned the meeting at 7:30 p.m.
APPROVED THIS
AYES,
DAY OF
NAYS AND
2006, BY A VOTE OF
ABSTENTIONS.
Minutes taken and prepared by:
Cynthia Singleton, TRMC
City Secretary
3
RESOLUTION R-06-01
A RESOLUTION APPROVING MINUTES OF THE TAX INCREMENT FINANCING
DISTRICT BOARD OF DIRECTORS MEETING
WHEREAS,
the Colleyville Tax Increment Financing District Board held a
meeting on February 6, 2006.
NOW, THEREFORE, BE IT RESOLVED BY THE TAX INCREMENT FINANCING
DISTRICT BOARD OF DIRECTORS OF THE CITY OF COLLEYVILLE, TEXAS:
Sec. 1.
THAT the minutes of the Tax Increment Financing District Board
of Directors meeting held November 18, 2004, are hereby
approved.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF
ABSTENTIONS ON THIS THE
AYES,
DAY OF
NAYS AND
2006.
COLLEYVILLE TAX
INCREMENT FINANCING BOARD
Rich Hendler
Chairman
ATTEST:
Cynthia Singleton
Secretary