HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-9/27/2000G~tY of
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Texas
PUBLIC NOTICE
THE COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD WILL BE
MEETING ON WEDNESDAY, SEPTEMBER 27, 2000, AT 7:00 P.M., IN THE
COUNCIL CHAMBERS AT THE COLLEWILLE CITY HALL, 5400 BRANSFORD
ROAD, FOR THE FOLLOWING PURPOSE:
1. READING AND PUBLIC HEARING -Resolution R-00-3 -Approval of
Minutes of the Tax Increment Financing District Board of Directors
meeting held June 15, 2000
2. DISCUSSION AND REVIEW OF TAX INCREMENT FINANCING
DISTRICT RESULTS
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3. DISCUSSION AND CONSIDERATION OF FUTURE TAX INCREMENT
FINANCING PROJECTS
4. READING AND PUBLIC HEARING -Resolution R-00-4 -Ratifying Tax
Increment Financing District Board of Directors agenda action for the
meeting of September 27, 2000
5. ADJOURNMENT
i
I certify that the above notice
September 22, 2000 at 4:00 p. m.
Q~~.tJ
J n HaT MC, CMC
C y Secretary
was posted on the Bulletin Board at City Hall on
P.O. BOX 185 COLLEYVILLE, TEXAS 76034 (817) 577-7575
MINUTES OF THE
TAX INCREMENT FINANCING REINVESTMENT ZONE, NUMBER ONE
BOARD OF DIRECTORS MEETING
SEPTEMBER 27, 2000
The meeting of the Tax Increment Financing Reinvestment Zone, Number One,
Board of Directors was called to order by Chair Nelson Thibodeaux on
September 27, 2000, at 7:03 p.m.
ROLL CALL: Directors Jane Sanford, Frank Carroll, Richard Newton,
Larry Darlage and Hayden Chasteen were present.
Chairman Nelson Thibodeaux, Vice Chair Donna Arp and
Secretary Ginny Tigue, City Manager Bob Stripling,
Assistant City Manager Dianne McWethy and Economic
Development Manager Mike Soab were also present.
Director Drenda Witt was absent.
PUBLIC HEARINGS:
1. READING AND PUBLIC HEARING -Resolution R-00-3 -Approval of
Minutes of the Tax Increment Financing District Board of Directors
meeting held June 15, 2000
Chair Thibodeaux opened the public hearing.
There was no one present wishing to speak concerning this item and Chair
Thibodeaux closed the public hearing.
Director Sanford requested that descriptive minutes be prepared for fu~ure
meetings. Chair Thibodeaux requested that future meetings include copies of
resolutions approved by the Board of Directors.
Director Newton moved to approve Resolution R-00-3. Director Sanford
seconded the motion.
Ayes: Sanford, Tigue, Arp, Carroll, Newton, Chasteen, Darlage and
Thibodeaux.
Nays: None
Chair Thibodeaux declared the motion carried.
TIF MINUTES SEPTEMBER 27, 2000
2. DISCUSSION AND REVIEW OF TAX INCREMENT FINANCING
DISTRICT RESULTS
City Manager Bob Stripling provided an overview of the TIF results, including
review of exhibits presented to the Board and answered questions of the Board.
City Manager Stripling answered reviewed plans and answered questions related
to Riverwalk Drive, Hall-Johnson Road, and Church Street as they related to the
Smith property related to the location of the future Colleyville City Hall. City
Manager Stripling also reviewed the purpose of the TIF, which was to generate
commercial activity. The Board also questioned City Manager Stripling related to
the impact of the relocation of the City Hall.
The Board also discussed the proposed large commercial building ordinance and
the impact of this proposed ordinance on the location of the City Hall.
No action was taken on this item.
3. DISCUSSION AND CONSIDERATION OF FUTURE TAX INCREMENT
FINANCING PROJECTS
No action was taken on this item.
City Manager Stripling reviewed the financing structure of the TIF and related
projects including $7.9 million for G-CISD starting in FY2003; $5 million for SH26
design and construction starting in FY2003 and $5 million TIF Agreement with
the Village at Colleyville through the years FY2001 to FY2005.
4. I~tfADING AND PUBLIC HEARING -Resolution R-00-4 -Ratifying Tax
Increment Financing District Board of Directors agenda action for the
meeting of September 27, 2000
Vice Chair Arp thanked the TIF Board, Financial Advisor Jim Sabonis and City
Manager Bob Stripling for their efforts.
No action was taken on this item.
5. ADJOURNMENT
There being no further business before the Board of Directors, Director Carroll
moved to adjourn.
Chair Thibodeaux declared the meeting adjourned at 8:53 p.m.
APPROVED THIS ~ ~ DAY OF 2001, BY A
VOTE OF AYES, !J NAYS and O ABSTENTI~ S.
Minutes taken and prepared by:
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Dianne McWethy
Assistant City Manager