Title
Consider/Discuss/Act on a Resolution Appointing Members to the Reinvestment Zone Number Two
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: August 22, 2016
DEPARTMENT: City Secretary
CONTACT: Sandy Hart, TRMC, MMC
RECOMMENDED CITY COUNCIL ACTION:
• Approve Resolution
ITEM SUMMARY:
• One (1) member may be appointed by Collin County, consistent with Section 311.009 of the Texas Tax Code, as amended.
• 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.
• There are five (5) positions expiring on September 30, 2016.
• 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 Keith Self (County Representative) - 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 Roger Harris - Term expires 09/30/2017
BACKGROUND INFORMATION:
• On September 21, 2010, the City Council adopted Ordinance 2010-09-035 establishing a tax increment financing 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 aviation industry.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A