HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-4/24/2008~,;, . ~~~
City of Colleyville Colle~~IleaTexas76034
~' ~ (817) 503-1000
Agenda www•colleyville.com
r<....
Tax Increment Financing District Board
of Directors
Thursday, April 24, 2008 12:00 PM City Hall, Third Floor, Executive
Conference Room
1. CALL TO ORDER
2. READING AND PUBLIC HEARING -Resolution R-08-01
2a Approval of the minutes of the Tax Increment Financing District Board of
Directors' meeting of April 4, 2007
3. REPORTS:
3a Review and discuss the status of the Colleyville Tax Increment
Financing District
3b Update of the Colleyville Boulevard Development Activity
4. ADJOURNMENT
I hereby certify the above enda
April 18, 2008, by 5:00 .m.
Cynthia Singleton, TRMC, CMC
City Secretary
was posted on the bulletin boards at City Hall on Friday,
City of Colleyville Page 1 Printed on 4/18/2008
`~" °' City of Colleyville
~ Minutes
Tce:,s
Tax Increment Financing District
Board of Directors
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Thursday, April 24, 2008
12:00 PM City Hall, Executive Conference Room
The Tax Increment Financing District Board of Directors meeting was
called to order by Chairman Rich Hendler at 12:10 p.m.
ROLL CALL: Directors David Kelly, Richard Newton, Larry Darlage,
Hank Johnson (representing John Eubanks) Lisa McMillan
(representing Carolyn Sims), Drenda Witt and Chairman Rich
Hendler were present.
City Manager Bill Lindley, Assistant City Manager Kelly Cooper,
Finance Director Terry Leake, Interim Economic Development
Manager Mike Johnston and City Secretary Cynthia Singleton were
also present.
Directors Tom Hart and Jon Ayers were absent.
2. READING AND PUBLIC HEARING -Resolution R-08-01
2a Approval of the minutes of the Tax Increment Financing District Board of
Directors' meeting of April 4, 2007
Chairman Rich Hendler read Resolution R-08-01 in its entirety.
Chairman Hendler opened the public hearing.
There was no one present wishing to speak concerning this item and
Chairman Hendler closed the public hearing.
Director Newton moved to approve Resolution R-08-01.
Director Kelly seconded the motion.
The motion carried by the following vote:
Aye: 7 -Rich Hendler, David Kelly, Richard Newton, Larry Darlage,,
Hank Johnson for John Eubanks, Lisa McMillan for Carolyn Sims,
Drenda Witt
Absent: 2 -Jon Ayers, Tom Hart
City of Colleyville Page 1 Printed on 7/7/2009
Tax Increment Financing District Minutes April 24, 2008
Board of Directors
3. REPORTS:
3a Review and discuss the status of the Colleyville Tax Increment Financing
District
Finance Director Terry Leake provided an update of the Fiscal Year
2008 status of the Colleyville Tax Increment Financing (TIF) District and
answered questions of the Board of Directors.
There was general discussion regarding the repurchase agreements with
the Town Center and Village at Colleyville and the payment process.
Director Newton requested the Tax Increment Plan and the Developer
Incentive Agreement Asset Repurchase Worksheet be provided to the
Board of Directors.
3b Update of the Colleyville Boulevard Development Activity
City Manager Bill Lindley provided an update of the Colleyville Boulevard
development activity.
There was general discussion regarding a commuter rail station, SH26
redevelopment timeline, trail connectivity and types of mixed-use
projects.
4. ADJOURNMENT
There being no further business before the Tax Increment Financing
District Board of Directors, Director Kelly moved to adjourn.
Director Darlage seconded the motion.
The motion carried by the following vote:
Aye: 7 -Rich Hendler, David Kelly, Richard Newton, Larry Darlage,
Hank Johnson for John Eubanks, Lisa McMillan for Carolyn Sims,
Drenda Witt
Absent: 2 -Jon Ayers, Tom Hart
Chairman Hendler adjourned the meeting at 1:15 p.m.
..,~,
City of Colleyville
Page 2
Printed on 7!7/2009
Tax Increment Financing District Minutes April 24, 2008
Board of Directors
~,,, APPROVED BY A VOTE OF ~~ AYES, d NAYS AND d
ABSTENTIONS ON THIS THE ~~t DAY OF 2009.
Minutes taken and pre ar d by:
~J
Cynthia Singleton
Secretary
City of Colleyville Page 3 Printed on 7/7/2009