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• Ordinance Number 2017-01-010 which amended and superseded Ordinance 2011-07-046 which established a Board of Directors comprised of nine (9) members for the TIRZ and provided that the City Council shall be entitled to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