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2018-08-07 TIRZ MinutesTAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING MINUTES AUGUST 7, 2018 LOCATION: Southlake Town Hall, City Council Chambers 1400 Main Street, Southlake, Texas 76092 MEMBERS PRESENT: Chair John Huffman, Vice Chairman Shawn McCaskill, Laura Hill, Randy Williamson, Shahid Shafi, Chad Patton, Christopher Archer, and Scott Rule MEMBERS ABSENT: Rebecca Barksdale, Todd Carlton, Mark McClendon, and Scott Wrehe STAFF PRESENT: Assistant City Manager and Director of Economic Development & Tourism Alison Ortowski, Deputy Director of Marketing and Communications Pilar Schank, Chief Financial Officer Sharen Jackson, Director of Public Works Rob Cohen, and City Secretary Carol Borges. 1. CALL TO ORDER The meeting was called to order by Chair John Huffman at 4:30pm. Mayor Hill introduced Mayor for a Day recipient Sofia Greenberg who observed the proceedings from the dais. 2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE JANUARY 23, 2018 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING. A motion was made to approve the minutes from the January 23, 2018 Tax Increment Reinvestment Zone Number One Board of Directors meeting. Motion: McCaskill Second: Patton Ayes: Huffman, McCaskill, Hill, Williamson, Shafi, Patton, Archer, Rule Approved: 8-0 3. CONSIDERATION: APPROVAL OF SOUTHLAKE TIRZ #1 AMENDED PROJECT AND FINANCING PLAN Chief Financial Officer Sharen Jackson presented Item 3 and answered questions from the Board. A motion was made to approve the Southlake TIRZ #1 Amended Project and Financial Plan. TIRZ Meeting Minutes, August 7, 2018 Page 1 Motion: McCaskill Second: Patton Ayes: Huffman, McCaskill, Hill, Williamson, Shafi, Patton, Archer, Rule Approved: 8-0 (roll call vote) 4. DISCUSSION: PROPOSED FISCAL YEAR 2019 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BUDGET OVERVIEW AND REVISED BUDGET FIGURES FOR FISCAL YEAR 2018. Chief Financial Officer Sharen Jackson presented Item 4 and answered questions from the Board. No action taken. 5. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT STATUS UPDATE. Cooper & Company President Frank Bliss and RPAI General Manager David Ayer presented Item 5 and answered questions from the Board. No action taken. 6. ADJOURNMENT The meeting was adjourned by Chair John Huffman at 5:01 pm. MINUTES APPROVED ON THIS, THE DAY OF 20 ka V. Wirman NST: Caro(Ann Borge TRMC City Secretary TIRZ Meeting Minutes, August 7, 2018 Page 2