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2025-01-07 TIRZ MeetingWOWNUO-W, 11111AIWA91 1. Call to Order i !!I I ON! dliiil 11111 1 ll I i CITY OF SOUTHLAKE BOARD OF DIRECTORS MEETING Tuesday, January 7, 2025 — 5:00 p.m. 2. Consideration: Approval of the minutes from the August 6, 2024, Tax Increment Reinvestment Zone Number One Board of Directors meeting. 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 2025. 4. Consideration: Election of Vice -Chair for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas, for 2025. 5. Consideration: Approval of the 2024 Annual Report for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas. 6. Discussion: Tax Increment Reinvestment Zone Number One Project Status Update. 7. Adjournment I hereby certify that the above agenda was posted on the official bulletin boards at Town Hall, 1400 Main Street, SouUAR, Texas on Friday, January 3, 2025, by 6:00 p.m., pursuant to the Texas Chapter 551. A *eqloe, TRMC City ecretary iill 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. TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING MINUTES JANUARY 7, 2025 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 Ronell Smith, Shawn McCaskill, Frances Scharli, Randy Robbins and Kathy Talley. MEMBERS ABSENT: 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 5:03pm. 2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE AUGUST 6, 2024, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING. A motion was made to approve the minutes from the August 6, 2024, Tax Increment Reinvestment Zone Number One Board of Directors meeting. Motion: Torres-Lepp Second: Smith Ayes: Williamson, Torres-Lepp, Smith, McCaskill, Scharli, Robbins, Talley Nay: None Abstain: None Absent: Bryan, Johnson Approved: 7-0 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 2025. 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 2025. Motion: Torres-Lepp Second: Scharli Ayes: Williamson, Torres-Lepp, Smith, McCaskill, Scharli, Robbins, Talley Nay: None Abstain: None Absent: Bryan, Johnson Approved: 7-0 TIRZ Meeting Minutes,January 7, 2025 Page 1 4. CONSIDERATION: ELECTION OF VICE-CHAIR FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF SOUTHLAKE, TEXAS, FOR 2025. 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 2025. Motion: McCaskill Second: Robbins Ayes: Williamson, Torres-Lepp, Smith, McCaskill, Scharli, Robbins, Talley Nay: None Abstain: None Absent: Bryan, Johnson Approved: 7-0 5. CONSIDERATION:APPROVAL OF THE 2024 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 2024 Annual Report for Tax Increment Reinvestment Zone Number one, City of Southlake, Texas. Motion: Torres-Lepp Second: Smith Ayes: Williamson, Torres-Lepp, Smith, McCaskill, Scharli, Robbins, Talley Nay: None Abstain: None Absent: Bryan, Johnson Approved: 7-0 6. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT STATUS UDPATE. David Ayer of Kite Realty provided updates regarding Town Square. No action was necessary on this item. 7. ADJOURNMENT The meeting was adjourned at 5:17 p.m. 4MINUTES APPROVED ON THIS, THE 'J DAY OF 2025'. 1/0A--------_____________ ,�" saUrh4"0,, Randy Williamson, Chair 04 EST: e..�`o� ' : % =U •X- Aj :'il?'', TRMp i jc Ci acre ary TIRZ Meeting Minutes,January 7, 2025 Page 2