1997-070RESOLUTION NO. 97-70
A RESOLUTION OF THE CITY COUNCIL OF
SOUTHLAKE, TX ESTABLISHING A BOARD OF
DIRECTORS TO ADMINISTER TAX INCREMENT
REINVESTMENT ZONE NUMBER ONE, APPOINTING
EIGHT MEMBERS TO SAID BOARD OF DIRECTORS AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake, Texas, after public hearing,
created Tax Increment Reinvestment Zone Number One, City of Southlake, at the
September 23, 1997 Council Meeting; and
WHEREAS, A Board of Directors was established by the City of Southlake Ordinance
No. 682, adopted September 23, 1997, to administer the Zone; and
WHEREAS, the City of Southlake is to appoint eight (8) members to the Board; and
WHEREAS, this action is to be taken within sixty (60) days of the passage of
Ordinance 682 creating the Tax Increment Reinvestment Zone.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS:
Section 1. That all matters stated in the preamble of this resolution are true and correct
and are hereby incorporated into the body of this resolution as if copied in their
entirety.
Section 2. That the City of Southlake hereby appoints eight members to the Board of
Directors of Tax Increment Reinvestment Zone Number One, City of Southlake,
Texas, to serve for three year terms as named in the attached Exhibit "A".
Section 3. That the City of Southlake authorizes and directs that this action be made
part of the City's permanent records.
Section 4. That this resolution shall become effective from and after the date of its
passage.
I
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS on this the 5th day of November, 1997.
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Sandy LeGrand
City Secretary
APPROVED AS TO FORM:
City Attorney
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Mayor
EXHIBIT A
The City Council of the City of Southlake, Texas, hereby appoints the following
members to the Board of Directors of the City of Southlake Tax Increment
Reinvestment Zone Number One:
Mayor Rick Stacy
Mayor Pro Tem Ralph Evans
Deputy Mayor Pro Tem David Harris
Councilmember Gray Fawks
Councilmember Scott Martin
Councilmember Wayne Moffatt
Councilmember Pamela Mueller
Buddy Luce, Chair of Carroll ISD Board of Directors
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City of Southlake, Texas
MEMORANDUM
October 29, 1997
TO: Curtis E. Hawk, City Manager
FROM: Darcey Imm, Assistant to the City Manager
SUBJECT: Resolution 97-70 Appointing eight members to the Tax Increment Reinvestment
Zone Number One Board of Directors.
Resolution 97-70 appoints the City's representatives to the Reinvestment Zone Board of Directors.
With the advice of the City's Bond Counsel, Ed Esquivel, the Reinvestment Zone Ordinance was
designed to give the City the ability to appoint eight members to the Board. Since the statute only
permits each of the other taxing entities to designate one member to the Board, this "extra"
appointment will allow us to appoint the second representative of CISD that we have agreed to in our
preliminary negotiations. Staff has contacted CISD and they have indicated that they would prefer
that Board President Buddy Luce be the City's appointment. Ted Gillum will be appointed by CISD.
I will be happy to answer any questions you may have.
DAI
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