File #: 17-856    Name: TIRZ 1 Appointments
Type: Resolution Status: Approved
In control: City Council Special Meeting
On agenda: 8/28/2017 Final action: 8/28/2017
Title: Consider/Discuss/Act on a Resolution Appointing Members to the Reinvestment Zone Number One
Attachments: 1. Resolution

Title

Consider/Discuss/Act on a Resolution Appointing Members to the Reinvestment Zone Number One

 

Summary

 

COUNCIL GOAL:                     Operational Excellence

 

MEETING DATE:                     August 28, 2017

 

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 four (4) positions expiring on September 30, 2017.

                     Current members are:

o                     George Fuller - Term expires 09/30/2018

o                     Scott Elliott - Term expires 09/30/2018

o                     Charlie Philips - Term expires 09/30/2018

o                     La’Shadion Shemwell - Term expires 09/30/2018

o                     Chris Hill - Term expires 09/30/2018 (County Representative)

o                     Chuck Branch - Term expires 09/30/2017

o                     Tracy Rath - Term expires 09/30/2017

o                     Rainey Rogers - Term expires 09/30/2017

o                     Bill Cox - Term expires 09/30/2017 (Planning and Zoning Commission)

 

BACKGROUND INFORMATION: 

                     On September 21, 2010, the City Council adopted Ordinance 2010-09-034 establishing a tax increment financing reinvestment zone (“TIRZ”) known as Reinvestment Zone Number One.

                     Ordinance Number 2017-01-010 which amended and superseded Ordinance 2011-07-046 which established a Board of Directors comprised of nine (9) members for the TIRZ and provided that the City Council shall be entitled to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 Planning and Zoning Commission to serve a board term concurrent with such member’s Planning and Zoning Commission term.

 

FINANCIAL SUMMARY:  N/A

 

BOARD OR COMMISSION RECOMMENDATION:  N/A