HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-07/26/2023
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
WEDNESDAY, JULY 26, 2023 – 12:00 P.M.
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Bobby Lindamood on July 26, 2023, at 12:04 p.m.
ROLL CALL: Chairman Bobby Lindamood, and Directors George Bond, John
Eubanks, Shannon Fletcher, Ben Graves, Chuck Kelley, and Callie Rigney.
ABSENT: Directors Theresa Parsons and Ronnie Watkins.
ALSO PRESENT: Finance Director Kyle Lester, City Manager Jerry Ducay,
Assistant City Manager Adrienne Lothery, Accounting Manager Karen Hines, and
Secretary Christine Loven.
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-23-01
2b Approval of the July 21, 2022 Tax Increment Financing District Board
Meeting Minutes
2c Approval of the January 18, 2023 Tax Increment Financing District Board
Meeting Minutes
Chair Lindamood read Resolution R-23-01 in its entirety.
Chair Lindamood opened and closed the public hearing without any speakers.
Chair Bobby Lindamood made a motion to approve Resolution R-23-01,
seconded by Director Shannon Fletcher.
The motion to approve carried by the following vote:
Ayes: 7 – Chair Lindamood, and Directors Bond, Eubanks, Fletcher,
Graves, Kelley, and Rigney.
3. PRESENTATION AND DISCUSSION
3a Review and discussion of the status of the Colleyville Tax Increment
Financing District
City of Colleyville Page 2
Tax Increment Financing District Board Minutes
July 26, 2023
Finance Director Kyle Lester provided information on the background and purpose
of the TIF, the TIF map, timelines, original and amended project plans, the TIF
taxable value, and participants.
He then reviewed the 2023 year to date revenues and expenses noting an
aggressive capital plan and active projects to include Glade Road improvements,
Highway 26, City Hall renovations, economic development grants, fire station
renovations, work on the City’s trails and Justice Center, and drainage
improvements.
There was general discussion of the Cheek-Sparger Road and towers projects.
4. ADJOURNMENT
There being no further business before the Board, Chair Lindamood adjourned the
meeting at 12:38 p.m.
MINUTES APPROVED THIS 29TH DAY OF JULY 2025.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary