Loading...
HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-7/1/2009City Hall City of Colleyville 100 Main Street -~%° Colleyville, Texas 76034 '°''Q~~' ~ Agenda 817.503.1000 \ www.colleyville.com Tax Increment Financing District Board of Directors Wednesday, July 1, 2009 12:00 PM Executive Conference Room, 3rd floor 1. CALL TO ORDER 2. CONSENT: READING AND PUBLIC HEARING -Resolution R-09-01 2a Approval of the minutes of the Tax Increment Financing District Board of Directors meeting of April 24, 2008 3. RESOLUTION(S): READING AND PUBLIC HEARING 3a R-09-02 Appointing a Tax Increment Finance District Board of Directors Vice Chairman 4. REPORTS: 4a Review and discuss the status of the Colleyville Tax Increment Financing District 4b Presentation of the Annual Tax Increment Financing District Report Update of revised Tax Increment Financing District asset repurchase agreement with the Village at Colleyville 5. ADJOURNMENT I certify that the above notice was posted on the bulletin boards at City Hall on Friday, June 19, 2009, by 5' p.m. ~~~ Cyn hia Singleton Secretary Any matter on this agenda may, at the discretion of the governing body, be opened for public comment and discussion. If you plan to attend this public meeting and have a disability that requires special accomodations, please advise the City Secretary at least 48 hours in advance at 817.503.1133, and reasonable accomodations will be made to assist you. City of Colleyville Page 1 Printed on 6/19/2009 ,",t,~ City Hall City of Colleyville 100 Main Street ~ Colleyville, Texas 76034 Minutes 817.503.1000 ,;•.,:,> vrww.colleyville.com Tax Increment Financing District Board of Directors Wednesday, July 1, 2009 12:00 PM Executive Conference Room, 3rd floor The Tax Increment Financing District Board of Directors meeting was called to order by Chairman David Kelly at 12:00 p.m. ROLL CALL: Directors Mike Taylor, Carol Wollin, John Eubanks, Tom Hart and Drenda Witt were present. Chairman David Kelly, City Manager Jennifer Fadden, Assistant City Manager Kelly Cooper, Finance Director Terry Leake and City Secretary Cynthia Singleton were also present. Directors Carolyn Sims, Rudy Gonzales and Jon Ayers were absent. 2. CONSENT: READING AND PUBLIC HEARING -Resolution R-09-01 2a Approval of the minutes of the Tax Increment Financing District Board of Directors meeting of April 24, 2008 Chairman Kelly read Resolution R-09-01 in its entirety. Chairman Kelly opened the public hearing. There was no one present wishing to speak and Chairman Kelly closed the public hearing. Director Hart moved to approve Resolution R-09-01. Chairman Taylor seconded the motion. The motion carried by the following vote: Aye: 6 -Tom Hart, David Kelly, Carol Wollin, Mike Taylor, John Eubanks, Drenda Witt Absent: 3 -Jon Ayers, Rudy Gonzales, Carolyn Sims 3. RESOLUTION(S): READING AND PUBLIC HEARING 3a R-09-02 Appointing a Tax Increment Finance District Board of Directors Vice Chairman City of Colleyville Page 1 Printed on 6/24/2010 Tax Increment Financing District Minutes Board of Directors Chairman David Kelly read Resolution R-09-02 in its entirety. Chairman Kelly opened the public hearing. There was no one present wishig to speak concerning this item and Chairman Kelly closed the public hearing. Director Hart nominated Director Mike Taylor as Vice-Chairman for a term of two years. Director Witt seconded the motion. The motion carried by the following vote: Aye: 6 -Tom Hart, David Kelly, Carol Wollin, Mike Taylor, John Eubanks, Drenda Witt Absent: 3 -Jon Ayers, Rudy Gonzales, Carolyn Sims ,- 4. REPORTS: 4a Review and discuss the status of the Colleyville Tax Increment Financing District Finance Director Terry Leake provided an update of the FY 2009 Colleyville Tax Increment Financing (TIF) District including the purpose and history; the entity contributions; TIF commitments; TIF value; the asset repurchase agreements and the TIF Project Plan status and answered questions of the Board of Directors. 4b Presentation of the Annual Tax Increment Financing District Report Finance Director Terry Leake presented the annual Tax Increment Financing District Report and answered questions of the Board of Directors. 4c Update of revised Tax Increment Financing District asset repurchase agreement with the Village at Colleyville July 1, 2009 City Manager Jennifer Fadden provided an update of the revised Tax Increment Financing (TIF) District asset repurchase agreement with The Village at Colleyville and stated the City settled litigation with The Village at Colleyville. There was general discussion of potential uses of TIF funds, the future development of The Village at Colleyville and the redevelopment of SH26. City of Colleyville Page 2 Printed on 6/24/2010 Tax Increment Financing District Minutes Board of Directors July 1, 2009 5. ADJOURNMENT There being no further business before the Tax Increment Financing District Board of Directors, Director Taylor moved to adjourn. Director Witt seconded the motion. The motion carried by the following vote: Aye: 6 -Tom Hart, David Kelly, Carol Wollin, Mike Taylor, John Eubanks, Drenda Witt Absent: 3 -Jon Ayers, Rudy Gonzales, Carolyn Sims Chairman Kelly adjourned the meeting at 12:52 p.m. APPROVED BY A VOTE OF AYES, _ NAYS AND ~ ABSTENTIONS ON THIS THE DAY OF , 2010. Minutes taken and pr Cynthia Singleton, TRMC, CMC City Secretary City of Colleyville Page 3 Printed on 6/24/2010