HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-9/28/2021
City of Colleyville Page 1
City of Colleyville
Tax Increment
Financing District Board
MINUTES
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Tuesday, September 28, 2021
12 Noon
Executive Conference Room
Third Floor, City Hall
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Richard Newton on September 28, 2021, at 12:00 p.m.
ROLL CALL: Chairman Richard Newton, Vice Chairman George Dodson, and
Directors Chuck Kelley, Callie Rigney, Kathy Wheat, Rebecca Barksdale, and John
Eubanks.
ABSENT: Director Susan Alanis and Director Mark Hallman.
ALSO PRESENT: Finance Director Kyle Lester, City Manager Jerry Ducay,
Assistant City Manager Adrienne Lothery, Assistant City Manager Mark Wood, and
Assistant City Secretary Angela Larson.
2. CONSENT: READING AND PUBLIC HEARING- RESOLUTION R-21-01
2a Approval of the July 29, 2020 Tax Increment Financing District Board
Meeting Minutes
2b Approval of the January 27, 2021 Tax Increment Financing District Board
Meeting Minutes
Chairman Newton read Resolution R-21-01 in its entirety.
As there was no one present wishing to speak, Chairman Newton opened and closed
the public hearing at 12:03 p.m.
Vice Chair Dodson made a motion to approve Resolution R-21-01, and
Director Kelley seconded the motion.
The motion to approve carried by the following vote:
Aye: 7 - Chairman Richard Newton, Vice Chair George Dodson, and Directors
Chuck Kelley, Callie Rigney, Kathy Wheat, Rebecca Barksdale, and John Eubanks.
Absent: 2 - Directors Susan Alanis and Director Mark Hallman.
3. PRESENTATION AND DISCUSSION
3a Review and discuss the status of the Colleyville Tax Increment
Financing District
Tax Increment Financing District MINUTES September 28, 2021
City of Colleyville Page 2
Finance Director Kyle Lester presented Item 3a, which included a brief
background of the TIF and stated the TIF will expire in 2030. He then reviewed
the current taxable value, noting some decrease in value was caused by COVID.
He reviewed the participating entities, and noted the City debt was paid off in
2020. Director Lester also reviewed the original and amended project plans and
projects in the City’s Five-Year Plan.
Director Lester presented project highlights to include the SH26 Corridor with
completion of the project to be expected next month and the start of construction
on the tower elements at John McCain, Main Street, and Brown Trail. He then
provided an update on the City’s land purchases, the construction at Glade Road,
the Colleyville Business Center, and the Colleyville Gift Card Program.
There was general discussion regarding the SH26 Corridor, southern gateway
purchase, Cheek-Sparger Road, Colleyville Business Center, and the Colleyville
Gift Card Program.
3. ADJOURNMENT
There being no further business before the Tax Increment Financing District
Board, Chairman Newton adjourned the meeting at 12:37 p.m.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, ON THIS THE 21ST DAY OF JULY
2022.
Minutes taken and prepared by:
Angela Larson
Assistant City Secretary