HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-6/18/2024
City of Colleyville Page 1
CITY OF COLLEYVILLE
TAX INCREMENT FINANCING DISTRICT
BOARD MINUTES
100 Main Street, Colleyville, Texas, 76034
Executive Conference Room - Third Floor
TUESDAY, JUNE 18, 2024 - 4:00 PM
1. CALL TO ORDER
Chairman Bobby Lindamood called the Tax Increment Financing District Board of
Directors Meeting to order at 4:40 p.m. on June 18, 2024, and called the roll.
PRESENT: Chair Bobby Lindamood and Directors Tammy Nakamura, Brandi Elder,
Kimberly Holt Gunderson, Tim Raine, and Ben Graves.
ABSENT: Directors Theresa Parsons, Ronnie Watkins, and Shannon Fletcher.
2. RESOLUTION(S): READING AND PUBLIC HEARING
2a Resolution R-24-01
Approval of a resolution amending Resolution R-12-04; approving an
amended Project and Financing Plan
Chair Lindamood read Resolution R-24-01 in its entirety.
Natalie Moore, David Pettit Economic Development, provided a historical and
current overview of the Colleyville Tax Increment Financing (TIF) District, and who
participates. Ms. Moore reviewed the original project plan, and the 2012 amended
project plan, before explaining the proposed amendment, which would update the
project costs categories.
There was discussion of the line item amendments, which Ms. Moore explained
allows flexibility to reallocate funds within the TIF. The proposed amendment
would allow allocation of $3.6 million to fund School Resource Officers in all GCISD
Schools for the next four years.
Chair Lindamood opened and closed the public hearing without any speakers.
Director Graves made a motion to approve Resolution R-24-01, seconded
by Director Elder.
The motion was approved by the following vote:
Tax Increment Financing District Board Minutes June 18, 2024
City of Colleyville Page 2
Ayes: 6 – Chair Lindamood, Directors Nakamura, Elder, Holt Gunderson,
Raine, and Graves.
Absent: 3 – Directors Parsons, Watkins, and Fletcher.
3. ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at
4:23 p.m.
PASSED BY A VOTE OF 5 AYES, 0 NAYS, THIS 24TH DAY OF JULY 2024.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary