2024-08-06 TIRZ MeetingTAX INCREMENT REINVESTMENT ZONE NUMBER ONE
CITY OF SOUTHLAKE
BOARD OF DIRECTORS MEETING
LOCATION
DATE AND TIME
AGENDA:
1. Call to Order
2. Consideration:
Town Hall — City Council Chambers
1400 Main Street, Southlake, Texas 76092
Tuesday, August 6, 2024 — 5:00 p.m.
Approval of the minutes from the February 6, 2024, Tax Increment
Reinvestment Zone Number One Board of Directors meeting.
3. Discussion: Proposed Fiscal Year 2025 Tax Increment Reinvestment Zone
Number One Budget Overview and revised budget figures for Fiscal
Year 2024.
4. Discussion: Tax Increment Reinvestment Zone Number One Project Status
Update.
5. Adjournment
CERTIFICATE
I hereby certify that the above agenda was posted on the official bulletin boards at Town
Hall, 1400 Main Street, Southlake, Texas on Friday, August 2, 2024, by 6:00 p.m.,
pursuant to the Texas Government Code, Chapter 551.
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If you plan to attend this public meeting and have a disability that requires special
needs, please advise the City Secretary 48 hours in advance at (817) 748-8016, and
reasonable accommodations will be made to assist you.
CITY OF
SOUTHLAKE
TAX INCREMENT REINVESTMENT ZONE NUMBER ONE
BOARD OF DIRECTORS MEETING MINUTES
AUGUST 6, 2024
LOCATION: Southlake Town Hall, City Council Chambers
1400 Main Street, Southlake, Texas 76092
MEMBERS PRESENT: Chair Randy Williamson, and members Frances Scharli, Ronell Smith,
Shawn McCaskill, Kathy Talley, Cameron Bryan, and David Johnson.
MEMBERS ABSENT: Randy Robbins and Vice Chair Amy Torres-Lepp
STAFF PRESENT: Chief Financial Officer Sharen Jackson, Director of Economic Development
& Tourism Daniel Cortez, and City Secretary Amy Shelley.
1. CALL TO ORDER
The meeting was called to order by Chair Randy Williamson at 5:06 p.m.
2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE FEBRUARY 6, 2024, TAX
INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS
MEETING.
A motion was made to approve the minutes from the February 6, 2024, Tax Increment
Reinvestment Zone Number One Board of Directors meeting.
Motion:
Talley
Second:
Smith
Ayes:
Williamson, Smith, McCaskill,
Nay:
None
Abstain:
Scharli
Absent:
Robbins, Torres-Lepp
Approved:
7-0-1
Talley, Bryan, Johnson
3. DISCUSSION: PROPOSED FISCAL YEAR 2025 TAX INCREMENT REINVESTMENT
ZONE NUMBER ONE BUDGET OVERVIEW AND REVISED BUDGET FIGURES FOR
FISCAL YEAR 2024.
Chief Financial Officer Sharen Jackson presented Item 3 for discussion and answered questions
from the Board.
No action was taken on this item.
4. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT
STATUS UDPATE.
Chief Financial Officer Sharen Jackson presented Item 4 and answered questions from the Board.
Frank Bliss with Cooper & Company and Jason Kessel of Kite Realty provided updates regarding
Town Square.
TIRZ Meeting Minutes, August 6, 2024 Page 1
No action was necessary on this item.
5. ADJOURNMENT
The meeting was adjourned at 5:18 p.m.
MINUTES APPROVED ON THIS, THE-'-1 DAY OFJ&AwaN 2024-
Randy Williamson, Chair
Tax Increment Reinvestment Zone
Number One
A17ST:
An y h I , TRMC
City ecretary
TIRZ Meeting Minutes, August 6, 2024 Page 2