title
Consider/Discuss/Act on a Resolution Appointing a Member to the Reinvestment Zone Number Two
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: September 1, 2015
DEPARTMENT: City Secretary
CONTACT: Sandy Hart, TRMC, MMC
RECOMMENDED CITY COUNCIL ACTION: Approve Resolution
ITEM SUMMARY:
• The Board of Directors shall be appointed by resolution or ordinance of the City or applicable taxing jurisdiction.
• All members of the Board of Directors shall meet eligibility requirements as set forth in Chapter 311 of the Texas Tax Code.
• On August 24, 2015, the City Council appointed Mark David to serve on the Reinvestment Zone Number Two Board. Mr. David has declined the appointment.
• The McKinney Airport Development Corporation has recently passed a Resolution to dissolve and wind-up the corporation, creating a vacancy on the Reinvestment Zone Number Two Board of Directors.
• Current members are:
o Travis Ussery - Term expires 09/30/2016
o Brian Loughmiller - Term expires 09/30/2016
o Don Day - Term expires 09/30/2016
o Randy Pogue - Term expires 09/30/2016
o Tracy Rath - Term expires 09/30/2017
o Rainey Rogers - Term expires 09/30/2017
o Chuck Branch - Term expires 09/30/2017
o Keith Self (County Representative) - Term expires 09/30/2016
BACKGROUND INFORMATION:
• On September 21, 2010, the City Council adopted Ordinance 2010-09-035 establishing tax increment financing reinvestment zone (“TIRZ”) known as “Reinvestment Zone Number Two.”
• Ordinance Number 2011-04-017 established a Board of Directors comprised of nine members for the TIRZ and provided that the City Council shall be entitled to appoint a minimum of eight (8) board members to staggered two (2) year terms and also provides that the City Council shall endeavor to appoint a member of the McKinney Airport Development Corporation (MADC) to serve a board term concurrent with such member’s MADC term.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A