Item 5B
City of Southlake, Texas
M E M O R A N D U M
December 28, 2005
TO: Shana Yelverton, City Manager
FROM: Ben Thatcher, Assistant to the City Manager (x. 8005)
Approve Resolution No. 06-001, Appointing the Chair for the Board of
SUBJECT:
Directors of Tax Increment Reinvestment Zone Number One, City of
Southlake, Texas, for 2006
Action Requested:
City Council approval of Resolution No. 06-001, reappointing Keith
Shankland to serve as the Chair for the Board of Directors for Tax
Increment Reinvestment Zone Number One, City of Southlake, Texas
(“TIRZ”), for 2006.
Background
Information:
Section 311.009(f) of the Tax Increment Financing Act (the “Act”) states
the following: “Each year the governing body of the municipality shall
appoint one member of the board to serve as chairman for a term of one
year that begins on January 1 of the following year.” Resolution No. 06-
001 reappoints Mayor Pro-Tem Keith Shankland to serve as chair for
2006.
Financial
Considerations:
Not Applicable.
Citizen Input /
Board Review:
The TIRZ Board of Directors discussed this item at their December 6,
2005 meeting, and approved a recommendation to the City Council to
reappoint Mr. Shankland to serve as chair for 2006.
Legal Review:
The City Attorneys have been involved in the TIRZ process and can
respond to any legal questions or issues which may arise during the course
of the meeting.
Alternatives:
Input towards the discussion as desired.
Supporting
Documents:
Supporting documents include the following items:
▪Copy of Resolution No. 06-001, appointing a chair to the TIRZ Board
of Directors for the year 2006.
Shana Yelverton, City Manager
December 28, 2005
Page 2 of 3
Staff
Recommendation:
Place approval of Resolution No. 06-001 as an item on the January 3,
2006 City Council meeting agenda to reappoint Keith Shankland to serve
as Chair of the TIRZ Board of Directors for 2006.
RESOLUTION NO. 06-001
A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS,
APPOINTING A CHAIRPERSON OF THE BOARD OF DIRECTORS OF
TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS
, the City Council of the City of Southlake, Texas (the “City”), after public hearing,
passed Ordinance No. 682 creating a Reinvestment Zone as authorized by the Tax Increment
Financing Act, V.T.C.A, Tax Code, Chapter 311 (the “Act”) on September 23, 1997; and
WHEREAS
, Ordinance No. 682 established a Board of Directors to administer the zone; and
WHEREAS,
the City passed Ordinance No. 761, amending Ordinance No. 682 relating to the
manner of appointment and terms of office for the members of the Board of Directors of the Tax
Increment Reinvestment Zone Number One on December 7, 1999; and
WHERAS,
in accordance with Section 311.009(f) of the Act, the governing body of the
municipality that created the reinvestment zone must appoint one member of the board to serve
as chair for a term of one (1) year that begins on January 1 of the following year;
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. Keith Shankland
That the City Council hereby appointsto serve as Chair of the
Reinvestment Zone Board of Directors for one (1) year to begin on January 1, 2006.
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.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS ON THIS THE __________ DAY OF_________________________
2006.
APPROVED:
___________________________________
Andy Wambsganss, Mayor
ATTEST:
_________________________________
Lori A. Farwell, City Secretary