HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-1/22/2002City of
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Texas
PUBLIC NOTICE
COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD
MEETING AGENDA
JANUARY 22, 2002
6:30 P.M.
COLLEYVILLE CITY HALL
COUNCIL CHAMBERS
5400 BRANSFORD ROAD
THE COLLEYVILLE TAX INCREMENT FINANCING DISTRICT BOARD WILL
BE MEETING ON TUESDAY, JANUARY 22, 2002, AT 6:30 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-02-1-Approval of
Minutes of the Tax Increment Financing District Board of Directors
Annual Meeting held on July 17, 2001
2. READING AND PUBLIC HEARING -Resolution R-02-2 -Approval of
Tax Increment Reinvestment Zone #1 Capital Improvement Program
3. READING AND PUBLIC HEARING -Resolution R-02-3 -Amending
Resolution R-98-3 and Approving the amended the Tax Increment
Financing (TIF) District Project Plan
4. READING AND PUBLIC HEARING -Resolution R-02-4 -Ratifying
Tax Increment Financing District Board of Directors agenda action for
the meeting of January 22, 2002
5. Adjournment
I certify that the above notice was posted on the Bulletin Board at City Hall on
Friday, January 18, 2002, at 4:00 p.m.
Cynthia Singleton, T MC
City Secretary
P.O. BOX 185 COLLEYVILLE, TEXAS 76034 (817) 577-7575
MINUTES OF THE
TAX INCREMENT FINANCING REINVESTMENT ZONE, NUMBER ONE
BOARD OF DIRECTORS MEETING
JANUARY 22, 2002
The meeting of the Tax Increment Financing Reinvestment Zone, Number One,
Board of Directors was called to order by Vice-Chairman Dana Feldman on
January 22, 2002, at 6:30 p.m.
ROLL CALL: Directors Drenda Witt, Mike Taylor, Larry Darlage, Jane
Sanford, Donna Arp, and Jim Hamilton. Vice-Chairman
Dana Feldman, Secretary Ginny Tigue, City Manager Bill
Lindley, Deputy City Manager Dianne McWethy, Finance
Director Terry Leake, Administrative Assistant Cindy Martin,
Records Manager Matt Denton and City Secretary Cynthia
Singleton were also present.
Jim Sabonis, Senior Vice-President of First Southwest
Company also attended.
Vice-Chairman Dana Feldman announced that Chairman Dennis Marlin resigned
on September 24, 2001, and Director Brad Rice was appointed to the Tax
Increment Financing Board of Directors.
1. READING AND PUBLIC HEARING -Resolution R-02-1 -Approval of
Minutes of the Tax Increment Financing District Board of Directors
Annual Meeting held on July 17, 2001 and January 9, 2002
Vice-Chairman Feldman opened the public hearing and read Resolution R-02-1
in its entirety.
There was no one present wishing to speak concerning this item and Vice-
Chairman Feldman closed the public hearing.
Director Arp moved to approve Resolution R-02-1.
Director Tigue seconded the motion.
TIF MINUTES JANUARY 22, 2002
Ayes: Directors Sanford, Tigue, Arp, Taylor, Witt, Hamilton, Darlage, and Vice-
Chairman Feldman
Nays: None
Vice-Chairman Feldman declared the motion carried.
2. READING AND PUBLIC HEARING -Resolution R-02-2 -Approval of
Tax Increment Reinvestment Zone #1 Capital Improvement Program
Vice-Chairman Feldman opened the public hearing and read Resolution R-02-2
in its entirety.
Mr. Richard Newton, 6107 Lansford Lane, requested that the Capital
Improvement Program be revised to include only pages 1 through 32.
There were no others wishing to speak concerning this item and Vice-Chairman
Feldman closed the public hearing.
Mr. Jim Sabonis, Financial Advisor, First Southwest Company was present to
answer questions of the Council.
Discussion ensued regarding the TIF value, reallocation of money in revised
plan, and future funding of a central fire station.
Director Taylor moved to approve R-02-2, with the amendment to include only
pages 1 through 32 and 35 of the project plan.
Director Sanford seconded the motion.
Mr. Jim Sabonis, First Southwest Company, recommended that the portion of
page 34 that relates to John McCain Road be included in the Resolution.
Director Taylor amended the motion to include page 34, contingent upon the
action taken on Item 3 and Director Sanford accepted the amendment.
The motion and second were withdrawn.
Director Taylor moved to table Resolution R-02-2.
Director Sanford seconded the motion.
Ayes: Directors Sanford, Tigue, Arp, Taylor, Witt, Hamilton, Darlage, and Vice-
Chairman Feldman
Nays: None
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TIF MINUTES JANUARY 22, 2002
Vice-Chairman Feldman declared the motion carried.
Director Rice moved to remove Resolution R-02-2 from the table.
Director Taylor seconded the motion.
Director Taylor moved to approve Resolution R-02-2 with the amendment to
include pages 1 through 35 with page 34, as amended.
Director Sanford seconded the motion.
Ayes: Directors Sanford, Tigue, Arp, Taylor, Witt, Hamilton, Darlage, and Vice-
Chairman Feldman
Nays: None
Vice-Chairman Feldman declared the motion carried.
3. READING AND PUBLIC HEARING -Resolution R-02-3 -Amending
Resolution R-98-3 and Approving the amended the Tax Increment
Financing (TIF) District Project Plan
Vice-Chairman Feldman opened the public hearing and read Resolution R-02-3
in its entirety.
Mr. Richard Newton, 6107 Lansford Lane, spoke in favor of the realignment of
John McCain Road, requested that the project plan be amended to reallocate
Church Street extension project funds to a central fire station project and
expressed concern regarding the Town Center information on page 34.
There were no others wishing to speak concerning this item and Vice-Chairman
Feldman closed the public hearing.
Discussion ensued regarding potential sites for a central fire station inside and
outside of the TIF district and the Church Street extension plan.
Director Tigue moved to approve Resolution R-02-3, amending the TIF as
follows: Church Street, $1,100,000; Fire Station, $867,000; John McCain Road,
$626,000
Director Hamilton seconded the motion.
Ayes: Directors Sanford, Tigue, Arp, Taylor, Witt, Hamilton, Darlage, and Vice-
Chairman Feldman
Nays: None
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TIF MINUTES JANUARY 22, 2002
Vice-Chairman Feldman declared the motion carried.
4. READING AND PUBLIC HEARING -Resolution R-02-4 -Ratifying Tax
Increment Financing District Board of Directors agenda action for the
meeting of January 22, 2002
This Resolution was not needed.
5. Adjournment
There being no further business before the Tax Increment Financing District
Board of Directors, Director Newton moved to adjourn.
Director Rice seconded the motion.
Vice-Chairman Feldman declared the meeting adjourned at 7:35 p.m.
APPROVED THIS ~/ ~ DAY OF ~~`~"`~ 2002, BY A VOTE
OF 8 AYES, ~ NAYS AND ~ ABSTENTIONS.
Minutes taken and prepared by:
~~~
Cynthia Singleton, TRMC
City Secretary
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