Title
Consider/Discuss/Act on a Resolution Appointing Members to the Reinvestment Zone Number Two
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: August 27, 2018
DEPARTMENT: City Secretary
CONTACT: Empress Drane
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, 2018.
• Current members are:
George Fuller - Term expires 09/30/2018
Charlie Philips - Term expires 09/30/2018
Scott Elliott - Term expires 09/30/2018
La’Shadion Shemwell - Term expires 09/30/2018
Keith Self - Term expires 09/30/2018 (County Representative)
Chuck Branch - Term expires 09/30/2019
Tracy Rath - Term expires 09/30/2019
Rainey Rogers - Term expires 09/30/2019
Roger Harris - Term expires 09/30/2019
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• Ordinance Number 2017-01-011 which amended and superseded Ordinance 2011-04-017 which established a Board of Directors comprised of nine members for the TIRZ and provided that the City Council shall be entitled to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