HomeMy WebLinkAboutTax Increment Finance (TIF)-Agenda Packets-1/22/2002 (2)
RESOLUTION R-02-1
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A RESOLUTION APPROVING MINUTES OF THE TAX INCREMENT
FINANCING DISTRICT BOARD OF DIRECTORS ANNUAL MEETING
WHEREAS,
the Annual Meeting of the Tax Increment Financing District
Board of Directors was held on July 17, 2001; and
WHEREAS,
a Joint Worksession of the Colleyville City Council and the
Tax Increment Financing District Board of Directors was held
on January 9, 2002.
NOW THEREFORE BE IT RESOLVED BY THE TAX INCREMENT
FINANCING DISTRICT BOARD OF DIRECTORS OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT the minutes of the Annual Meeting of the Tax Increment
Financing District Board of Directors held on July 17, 2001, is
hereby approved; and
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Sec. 2. THAT the minutes of the Joint City Council and Tax Increment
Financing District Board of Directors held on January 9, 2002, are
hereby approved.
AND IT IS SO RESOLVED.
PASSED AND ADOPTED, this January 22, 2002.
TAX INCREMENT FINANCING DISTRICT
BOARD OF DIRECTORS
Chairman
ATTEST:
Secretary
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MINUTES OF THE
TAX INCREMENT FINANCING REINVESTMENT ZONE, NUMBER ONE
BOARD OF DIRECTORS MEETING
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JULY 17, 2001
The meeting of the Tax Increment Financing Reinvestment Zone, Number One,
Board of Directors was called to order by Chairman Dennis Marlin on July 17,
2001, at 5:05 p.m.
ROLL CALL:
Directors Drenda Witt, Mike Taylor, Larry Darlage, Jane
Sanford, Donna Arp, and Jim Hamilton were present.
Chairman Dennis Marlin, Vice Chairman Dana Feldman,
Secretary Ginny Tigue, Interim City Manager Dianne
McWethy, Finance Director Terry Leake, and City Secretary
Cynthia Singleton were also present.
Jim Sabonis, Senior Vice President of First Southwest
Company also attended.
PUBLIC HEARINGS: .
1. READING AND PUBLIC HEARING - Resolution R-01-4 - Approval of
Minutes of the Tax Increment Financing District Board of Directors
meeting held January 16, 2001
Chairman Marlin opened the public hearing.
There was no one present wishing to speak concerning this item and Chairman
Marlin closed the public hearing.
Director Taylor moved to approve Resolution R-01-4.
Director Feldman seconded the motion.
Ayes: Sanford, Tigue, Arp, Taylor, Witt, Hamilton, Darlage, Feldman, and
Marlin
Nays: None
Chairman Marlin declared the motion carried.
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.
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TIF BOARD MINUTES
JULY 17, 2001
2.
DISCUSSION AND REVIEW OF TAX INCREMENT FINANCING BOARD
CAPITAL IMPROVEMENT PROJECTS
Jim Sabonis, Financial Advisor, First Southwest Company, provided an overview
of the Tax Increment Financing and Tax Reinvestment Zone #1 Original Strategic
and Financial Plan.
No action was taken on this item.
3. READING AND PUBLIC HEARING - Resolution R-01-5 - Ratifying Tax
Increment Financing District Board of Directors agenda action for the
meeting of July 17, 2001
Director Taylor made a motion to approve Resolution R-01-5.
Director Tigue seconded the motion.
Director Arp made a motion to amend Resolution R-01-5 to accept the report as
presented.
Ayes: Directors Arp, Taylor, Tigue, Feldman, Hamilton, Sanford, Darlage, Witt,
and Marlin
Nays: None
Chairman Marlin declared the motion carried.
4. ADJOURNMENT
There being no further business before the Board of Directors, Director Feldman
moved to adjourn and Director Tigue seconded the motion.
Chairman Marlin declared the meeting adjourned at 5:35 p.m.
APPROVED THIS
VOTE OF AYES,
DAY OF
NAYS and
2002, BY A
ABSTENTIONS.
Minutes taken and prepared by:
Cynthia Singleton, TRMC
City Secretary
2
MINUTES OF THE
COLLEYVILLE CITY COUNCIL
TAX INCREMENT FINANCING DISTRICT BOARD OF DIRECTORS
WORKSESSION
.
January 9, 2002
The Colleyville City Council and the Tax Increment Financing District Board of Directors
Worksession was called to order by Mayor Arp on January 9,2002, at 6:10 p.m.
ROLL CALL:
Directors Jane Sanford, Jim Hamilton, Dr. Larry Darlage, Mike Taylor
and Drenda Witt were present. Councilpersons Brad Rice, Joe
Hocutt, Dana Feldman, Ginny Tigue and Richard Newton were
present. Mayor Donna Arp, City Manager Bill Lindley, Deputy City
Manager Dianne McWethy, Administrative Assistant Cindy Martin,
Finance Director Terry Leake and Economic Development Manager
Mike Soab were also present.
Jim Sabonis, First Southwest Company and Commissioner Glen
Whitley, Precinct 3, Tarrant County also attended.
I.
OPENING REMARKS AND INTRODUCTIONS
Mayor Donna Arp opened the meeting and welcomed the TIF Directors to the
meeting.
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II. REVIEW OF TAX REINVESTMENT ZONE #1 AND CAPITAL IMPROVEMENT
PROGRAM
Jim Sabonis of First Southwest Company presented an overview of the Tax
Reinvestment Zone #1 and the Capital Improvement Program. A general
discussion followed.
III. DISCUSSION AND CONSIDERATION OF PROPOSED MODIFICATIONS OF THE
TAX INCREMENT FINANCING (TIF) DISTRICT PROJECT PLAN (CAPITAL
IMPROVEMENT PROGRAM)
Jim Sabonis of First Southwest Company presented modifications of the Tax
Increment Financing District project plan. The modifications include reallocating
$1,493,500 for the Fire Station to the re-alignment of John McCain Road and the
extension of Church Street. A general discussion followed.
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IV. REVIEW AND DISCUSSION OF SCHEDULED MEETINGS FOR THE TIF
DISTRICT BOARD OF DIRECTORS
Jim Sabonis of First Southwest Company reported that the next meeting of the Tax
Increment Financing District Board of Directors would be held on January 22,2002,
at 6:30 p.m., at the Colleyville City Hall in the Council Chambers.
V. ADJOURNMENT
Mayor Arp adjourned the meeting at 6:45 p.m. on January 9, 2002.
APPROVED THIS DAY OF
AYES, NAYS, AND ABSTENTIONS.
2002, BY A VOTE OF
Minutes taken and prepared by:
Cindy Martin
Administrative Assistant