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2024-02-06 TIRZ Minutes TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING MINUTES FEBRUARY 6, 2024 LOCATION: Southlake Town Hall, City Council Chambers 1400 Main Street, Southlake, Texas 76092 MEMBERS PRESENT: Chair Randy Williamson, Vice Chair Amy Torres-Lepp, and members John Huffman, Ronell Smith, Shawn McCaskill, Randy Robbins, Kathy Talley, Cameron Bryan, and David Johnson. 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 5:00pm. 2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE AUGUST 1, 2023, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING. A motion was made to approve the minutes from the August 1, 2023, Tax Increment Reinvestment Zone Number One Board of Directors meeting. Motion: Torres-Lepp Second: Smith Ayes: Williamson, Torres-Lepp, Smith, McCaskill, Robbins, Talley, Bryan, Johnson Nay: None Abstain: Huffman Absent: None Approved: 8-0-1 3. CONSIDERATION: APPROVAL OF RECOMMENDATION TO THE SOUTHLAKE CITY COUNCIL FOR THE APPOINTMENT OF THE CHAIR OF THE BOARD OF DIRECTORS FOR TAX.INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF SOUTHLAKE, TEXAS, FOR 2024. A motion was made to appoint Randy Williamson as the Chair of the Board of Directors for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas, for 2024. Motion: Torres-Lepp Second: Huffman Ayes: - Huffman, Williamson, Torres-Lepp, Smith, McCaskill, Robbins, Talley, Bryan, Johnson Nay: None Absent: None Approved: 9-0 TIRZ Meeting Minutes, February 6, 2024 Page 1 4. CONSIDERATION: ELECTION OF VICE-CHAIR FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF SOUTHLAKE, TEXAS, FOR 2024. A motion was made to appoint Amy Torres-Lepp as the Vice-Chair of the Board of Directors for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas, for 2024. Motion: Talley Second: Huffman Ayes: Huffman, Williamson, Torres-Lepp, Smith, McCaskill, Robbins, Talley, Bryan, Johnson Nay: None Absent: None Approved: 9-0 5. CONSIDERATION: APPROVAL OF THE 2023 ANNUAL REPORT FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF SOUTHLAKE, TEXAS. Chief Financial Officer Sharen Jackson presented Item 5 and answered questions from the Board. A motion was made to approve the 2023 Annual Report for Tax Increment Reinvestment Zone Number one, City of Southlake, Texas. Motion: Torres-Lepp Second: Smith Ayes: Huffman, Williamson, Torres-Lepp, Smith, McCaskill, Robbins, Talley, Bryan, Johnson Nay: None Absent: None Approved: 9-0 6. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT STATUS UDPATE. Chief Financial Officer Sharen Jackson presented Item 5 and answered questions from the Board. Frank Bliss with Cooper & Company and David Ayer of Kite Realty provided updates regarding Town Square. No action was necessary on this item. 7. ADJOURNMENT The meeting was adjourned at 5:14 p.m. MINUTES APPROVED ON THIS, THE ( DAY OF f !,(S1- 2024. ,%%%1111111//, `�SpUTH(q�,��,� Randy Williamson, Chair ST: o • • ON ? • x - A ell , TR 6 City Secretary • �� A 1' ��! TIRZ Meeting Minutes, FebiliBI f'b�,I 024 Page 2