HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-7/21/2022
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
Thursday, July 21, 2022
12:00 Noon
Executive Conference Room
Third Floor, City Hall
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Bobby Lindamood on July 21, 2022, at 12:04 p.m.
ROLL CALL: Chairman Bobby Lindamood, Vice Chairman George Dodson, and
Directors Carol Bracken, Chuck Kelley, Callie Rigney, and Kathy Wheat.
ABSENT: Directors Rebecca Barksdale, John Eubanks, and Mark Hallman.
ALSO PRESENT: Finance Director Kyle Lester, City Manager Jerry Ducay,
Assistant City Manager Mark Wood, Assistant City Manager Adrienne Lothery, and
Assistant City Secretary Angela Larson.
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-22-01
2a Approval of the September 28, 2021 Tax Increment Financing District
Board Meeting Minutes
2b Approval of the January 27, 2022 Tax Increment Financing District
Board Meeting Minutes
Chairman Lindamood read Resolution R-22-01 in its entirety.
As there was no one present wishing to speak, Chairman Lindamood opened and
closed the public hearing.
Vice Chair Dodson made a motion to approve Resolution R-22-01, and
Director Kelley seconded the motion.
The motion to approve carried by the following vote:
Aye: 6 - Chairman Bobby Lindamood, Vice Chairman George Dodson, and
Directors Carol Bracken, Chuck Kelley, Callie Rigney, and Kathy Wheat.
Absent: 3 - Directors Rebecca Barksdale, John Eubanks, and Mark Hallman.
3. PRESENTATION AND DISCUSSION
3a Review and discuss the status of the Colleyville Tax Increment
Financing District
Tax Increment Financing District MINUTES July 21, 2022
City of Colleyville Page 2
Finance Director Kyle Lester presented this item and gave a brief background of
the TIF and timeline for the fiscal year. Director Lester gave an overview of the
project plans, noting revenue from the ISD may not be used on projects in the
amended project plan, and only City participation can be used on the TIF funded
economic development grants.
Director Lester reviewed the taxable value, TIF participation, and revenues and
expenses. He noted the active projects this year included Glade Road
improvements, SH26, City Hall renovations, Fire station renovations, City trails,
the Justice Center, Riverwalk Drive drainage improvements, and a few small
costs for Cheek-Sparger.
Director Lester provided the five-year working plan and project highlights which
included the SH26 corridor and gateway beautification, Glade Road, economic
development gift card program, and the southern gateway.
4. ADJOURNMENT
There being no further business before the Tax Increment Financing District
Board, Chairman Lindamood adjourned the meeting at 12:21 p.m.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 26TH DAY OF JULY
2023.
Minutes taken and prepared by:
Angela Larson
Assistant City Secretary