HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-11/20/2012 v >F City v of Colleyville
\T E City Hall
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LLE 1 V 1LL 100 Main Street
Colleyville, Texas 76034
Tax Increment Financing 817. 503.1000
r F '' www.colleyville.com
District Board
Agenda
Tuesday, November 20, 2012 Executive Conference Room
3:00 p.m. Third Floor, City Hall
1. CALL TO ORDER
2. EXECUTIVE SESSION - In accordance with Texas Government Code
Chapter 551, Subchapter D
Section 551.071 - Legal - Consultation with attorney on legal issues raised
by public hearing or action items on the agenda
Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or
value of real property for City facilities
Section 551.087 - Economic Development - Discuss or deliberate
negotiations relating to any economic development negotiations
RESUME REGULAR MEETING
3. EXECUTIVE SESSION: CONSIDER AND TAKE ANY ACTION(S)
NECESSARY RELATIVE TO ITEMS DISCUSSED IN EXECUTIVE SESSION
- Resolution R-12-02
4. CONSENT: READING AND PUBLIC HEARING - Resolution R-12-03
4a Approval of the minutes of the Tax Increment Financing District Board of
Directors meeting of July 17, 2012
5. RESOLUTION(S): READING AND PUBLIC HEARING
5a Resolution R-12-04
Approval of a resolution amending Resolution R-03-03; approving an
amended Project Plan and enlarging the boundaries of Tax Increment
Reinvestment Zone Number One, City of Colleyville, Texas
6. ADJOURNMENT
.a ..
Tax Increment Finance District Agenda November 20, 2012
I hereby certify this agenda was posted on City Hall bulletin boards Friday,
November 16, 2012, by 5:00 p.m.
414pA/,
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 Executive Secretary at least 48 hours in advance
at 817.503.1110, and reasonable accommodations will be made to assist you.
1 0 City of Colleyville City Hall
COLLEYVILLE 100 Main Street
Colleyville, Texas 76034
F. � Tax Increment Financing 817. 503.1000
District Board www.colleyville.com
Minutes
Tuesday, November 20, 2012 Executive Conference Room
3:00 p.m. Third Floor, City Hall
The Tax Increment Financing District Board of Directors meeting was called to order
by Chairman David Kelly on November 20, 2012, at 3:04 p.m.
ROLL CALL: Vice Chairman Mike Taylor, Directors Michael Muhm, Carol Wollin, Tom
Hart, Mark McClendon, Carolyn Sims and John Eubanks were present. Chairman
David Kelly, City Manager Jennifer Fadden, Assistant City Manager and Chief
Financial Officer Terry Leake, Economic Development Director Marty Wieder, City
Attorney Matthew Boyle, and City Secretary Cynthia Singleton were also present.
Director Scott Rule was absent.
Chairman Kelly stated agenda items 4a and 5a will be considered first and second,
respectively, and, subsequently, the Tax Increment Financing District Board will
convene Executive Session.
2. EXECUTIVE SESSION - In accordance with Texas Government Code
Chapter 551, Subchapter D
Section 551.071 - Legal - Consultation with attorney on legal issues raised by public
hearing or action items on the agenda
Section 551.072 - Real Estate - Deliberate the purchase, exchange, lease, or value of
real property for City facilities
Section 551.087 - Economic Development - Discuss or deliberate negotiations
relating to any economic development negotiations
Chairman Kelly explained the Executive Session had been called in accordance with
the Texas Government Code, Chapter 551, Subchapter D, Section 551.071, Legal,
Section 551.072, Real Estate, and Section 551.087, Economic Development. He
further explained there would be no decisions made or action taken during this time.
The Executive Session was adjourned at 4:31 p.m.
Tax Increment Finance District Minutes November 20, 2012
3. EXECUTIVE SESSION: CONSIDER AND TAKE ANY ACTION(S) NECESSARY
RELATIVE TO ITEMS DISCUSSED IN EXECUTIVE SESSION - Resolution R-
12-02
Chairman Kelly read Resolution R-12-02 in its entirety.
Chairman Kelly opened the public hearing.
There was no one present wishing to speak and Chairman Kelly closed the public
hearing.
Vice Chairman Taylor moved to approve Resolution R-12-02.
Director Wollin seconded the motion.
The motion carried by the following vote:
Aye: David Kelly, Mike Taylor, Michael Muhm, Carol Wollin, Tom Hart, Mark
McClendon, Carolyn Sims, John Eubanks
Absent: Scott Rule
4. CONSENT: READING AND PUBLIC HEARING - Resolution R-12-03
4a Approval of the minutes of the Tax Increment Financing District Board of
Directors meeting of July 17, 2012
Chairman Kelly read Resolution R-12-03 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-12-03.
Director Hart seconded the motion.
The motion carried by the following vote:
Aye: David Kelly, Mike Taylor, Michael Muhm, Carol Wollin, Tom Hart, Mark
McClendon, Carolyn Sims, John Eubanks
Absent: Scott Rule
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Tax Increment Finance District Minutes November 20, 2012
5. RESOLUTION(S): READING AND PUBLIC HEARING
5a Resolution R-12-04
Approval of a resolution amending Resolution R-03-03; approving an amended
Project Plan and enlarging the boundaries of Tax Increment Reinvestment Zone
Number One, City of Colleyville, Texas
Chairman Kelly read Resolution R-12-04 in its entirety.
Mr. David Pettit, Bennett, Benner, Pettit Architects and Planners, provided an
explanation of a Tax Increment Financing (TIF) District and an overview of the
Colleyville TIF District, including the TIF assessed value, history, and current status.
Mr. Pettit also reviewed the impact of the proposed amendments to the TIF District
and the potential TIF projects.
Chairman Kelly opened the public hearing.
There was no one present wishing to speak and Chairman Kelly closed the public
hearing.
Director McClendon spoke regarding Tarrant County College's position regarding the
proposed amendments, and stated consideration of the proposed resolution is in the
purview of the Tarrant County Board of Trustees.
Mr. Pettit spoke regarding the taxing entities participation in the TIF, structure of the
TIF and TIF revenue projections.
Discussion ensued regarding participation of Tarrant County College, the process for
determining entity participation and potential growth of the TIF.
Chairman Kelly moved to approve Resolution R-12-04.
Vice Chairman Taylor seconded the motion.
The motion carried by the following vote:
Aye: David Kelly, Mike Taylor, Michael Muhm, Carol Wollin, Tom Hart, Carolyn Sims,
John Eubanks
Nay: Mark McClendon
Absent: Scott Rule
Mayor Kelly recessed the regular meeting at 4:00 p.m. and reconvened at 4:32 p.m.
Tax Increment Finance District Minutes November 20, 2012
6. ADJOURNMENT
There being no further business before the Tax Increment Financing District Board,
Chairman Kelly adjourned the meeting at 4:45 p.m.
APPROVED BY A VOTE OF 8 AYES, 0 NAYS, AND 0 ABSTENTIONS, ON THIS THE 16TH
DAY OF JULY 2013.
Minutes taken by: Cynthia Singleton, TRMC, CMC, City Secretary
Minutes prepared by:
914 A A
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Am -helley
City Secretary