HomeMy WebLinkAboutTax Increment Financing District Board-Minutes-07/24/2024
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
WEDNESDAY, JULY 24, 2024 – 12:00 P.M.
The Tax Increment Financing District Board of Directors meeting was called to
order by Chairman Bobby Lindamood on July 24, 2024, at 12:08 p.m.
ROLL CALL: Chairman Bobby Lindamood, and Directors Tammy Nakamura,
Kimberly Holt Gunderson, Tim Raine, and Ben Graves.
ABSENT: Directors Brandi Elder, Theresa Parsons, Shannon Fletcher, and Ronnie
Watkins.
ALSO PRESENT: Finance Director Matt Poston, 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-24-02
2a Approval of the minutes of the June 18, 2024, Tax Increment Financing
District Board of Directors Meeting
Chair Lindamood read Resolution R-24-02 in its entirety.
Chair Lindamood opened and closed the public hearing without any speakers.
Director Nakamura made a motion to approve Resolution R-24-02,
seconded by Director Holt Gunderson.
The motion to approve carried by the following vote:
Ayes: 5 – Chair Lindamood, and Directors Nakamura, Holt Gunderson,
Raine, and Graves.
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 24, 2024
Finance Director Matt Poston provided information on the background, purpose,
and benefits of the TIF, the TIF map, timelines, original and amended project
plans, the TIF taxable value, and participants. He then reviewed the TIF history for
the past five years, before discussing the FY 25 timelines and the FY24 highlights,
and year to date revenues and expenditures.
Director Poston review the FY2025 Proposed Budget and Capital Plan. There was
general discussion of the Northern Gateway, and the Economic Development Gift
Cards.
Director Nakamura, on behalf of GCISD thanked the Board for the recent project
plan which allows for funding of the School Resource Officers.
4. ADJOURNMENT
There being no further business before the Board, Chair Lindamood adjourned the
meeting at 12:34 p.m.
MINUTES APPROVED THIS 29TH DAY OF JULY 2025.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary