Title
Consider/Discuss/Act on a Resolution Appointing Members to the Tax Increment Reinvestment Zone Number Two (TIRZ2) Board
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: September 7, 2021
DEPARTMENT: City Secretary | City Attorney
CONTACT: Mark Houser, City Attorney | Empress Drane, City Secretary
RECOMMENDED CITY COUNCIL ACTION: Approve Resolution for TIRZ2 members
ITEM SUMMARY:
• One (1) member may be appointed by Collin County, consistent with Section 311.009 of the Texas Tax Code, as amended.
• One (1) member must be a representative of the airport zone.
• All members of the Board of Directors shall meet eligibility requirements as set forth in Chapter 311 of the Texas Tax Code.
• The Board of Directors shall be appointed by resolution or ordinance of the City or applicable taxing jurisdiction.
• Current members are:
EXPIRING SEATS Term Expiration
Roger Harris, Airport Zone 09-30-2021
Rainey Rogers 09-30-2021
Frederick Frazier 09-30-2021
Rick Franklin 09-30-2021
REMAINING SEATS Term Expiration
George Fuller 09-30-2022
Geré Feltus 09-30-2022
Charlie Philips 09-30-2022
Justin Beller 09-30-2022
COLLIN COUNTY MEMBER Term Expiration
Darrell Hale effective until new member appointed by Collin County Commissioners’ Court
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• Ordinance Number 2017-01-011 which amended and superseded Ordinance 2011-04-017 which established a Board of Directors comprised of nine members for the TIRZ and provided that the City Council shall be entitled to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