HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-7/21/2011~"'"t City of Colleyville 100 M~ain Street
~ ~ Colleyville, Texas 76034
Age n da 817. 503.1000
,,,,;,, www.colieyville.com
Tax Increment Financing District Board
of Directors
Thursday, June 24, 2010 12:00 PM Executive Conference Room
1. CALL TO ORDER
2. CONSENT: READING AND PUBLIC HEARING - Resolution R-10-01
2a Approval of the minutes of the Tax Increment Financing District Board of
Directors meeting of July 1, 2009
3. REPORT(S):
3a Review and discuss the status of the Colleyville Tax Increment
Financing District
3b Presentation of the Annual Tax Increment Financing District Report
4. ADJOURNMENT
I hereby certify the above agenda was posted on the bulletin boards at City Hall on Friday,
June 11, 2010, by 5:00
Cynthia Singleton, TRMC, CMC
City 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
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1133, and reasonable accommodations will be made to assist you.
City of Colleyvil/e Page 1 Printed on 6H0/2010
`` "` City of Colleyville
~ ~ ~'~
~ Minutes
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Tax Increment Financing District
Board of Directors
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Thursday, June 24, 2010
12:00 PM
Executive Conference Room
The Tax Increment Financing District Board of Directors meeting was
called to order by Chairman David Kelly at 12:05 p.m.
ROLL CALL: Directors Mike Taylor, Carol Wollin, Tom Hart, John
Eubanks, Drenda Witt, Carolyn Sims and Truitt Leake were present.
Chairman David Kelly, City Manager Jennifer Fadden, Assistant City
Manager and Chief Financial Officer Terry Leake, Economic
Development Director Marty Wieder, Finance Manager Karen Hines
and City Secretary Cynthia Singleton were also present.
Director Jon Ayers was absent.
2. CONSENT: READING AND PUBLIC HEARING - Resolution R-10-01
~ 2a Approval of the minutes of the Tax Increment Financing District Board of
Directors meeting of July 1, 2009
Chairman Kelly read Resolution R-10-01 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 Wollin moved to approve Resolution R-10-01.
Director Hart seconded the motion.
The motion carried by the following vote:
Aye: 7- Tom Hart, David Kelly, Carol Wollin, Truitt Leake, John
Eubanks, Carolyn Sims, Drenda Witt
Absent: 1 - Jon Ayers
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City of Colleyville Page 1 Printed on 7/20/2011
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Tax Increment Financing District
Board of Directors
Minutes
June 24, 2010
3. REPORT(S):
3a
3b
Review and discuss the status of the Colleyville Tax Increment Financing
District
Assistant City Manager and Chief Financial Officer Terry Leake provided
an overview of the Tax Increment Financing (TIF) District; and reviewed
the contributed tax rate by entity; the TIF District commitments; the asset
repurchase agreements and payment process; the status of the project
plans and answered questions of the Board of Directors.
The Board requested the balance of reimbursable asset categories of
the Village at Colleyville and Town Center TIF agreements.
Ms. Leake reviewed the TIF projects that have not been completed in the
Village at Colleyville.
The Board requested a project status update be included in the TIF
agenda packet.
Presentation of the Annual Tax Increment Financing District Report
Assistant City Manager and Chief Financial Officer Terry Leake
presented the annual Tax Increment Financing District report and
answered questions of the Board of Directors.
Discussion ensued regarding the Certificates of Obligation Debt Service
Schedule, revenues and expenditures.
4. ADJOURNMENT
There being no further business before the Tax Increment Financing
District Board of Directors, Director Hart moved to adjourn.
Director Wollin seconded the motion.
Chairman Kelly adjourned the meeting at 12:37 p.m.
City of Colleyville Page 2 Printed on 7/20/2011
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Tax Increment Financing District
Board of Directors
Minutes
June 24, 2010
i~
APPROVED BY A VOTE OF AYES,
ABSTENTIONS ON THIS THE .~Q_ DAY OF
Minutes
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(~yynthia S~le
City Secretary
Clty Of CO~~QyI/1/~Q
,TRMC,CMC
Page 3
NAYS AND D
c~t 2011.
Printed on 7/20/2011