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Item 4C - MemoItem 4C CITY OF SOUTH LAKE MEMORANDUM January 14, 2025 To: Alison Ortowski, City Manager From: Sharen Jackson, Chief Financial Officer Subject: Resolution No. 25-001, Appointing a Chair to the Tax Increment Reinvestment Zone Number One Board of Directors for the 2025 calendar year. Action Requested: Appointment of a Chairperson of the Board of Directors of Tax Increment Reinvestment Zone Number One for the 2025 calendar year 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. 25-001 appoints Randy Williamson to serve as chair for 2025. Financial Considerations: None Strategic Link: C2 Enhancing the sense of community by proactively creating opportunities for community partnerships, volunteer involvement, and citizen engagement. F2 Investing to provide & maintain high quality public assets. Citizen Input/ Board Review: The TIRZ Board of Directors discussed this item at their January 7th meeting and approved a recommendation to the City Council to appoint Randy Williamson to serve as chair for 2025. Legal Review: The appointment process has been reviewed by the City Attorney and complies with the regulations outlined in local and State law. Alternatives: Select different appointee Honorable Mayor and City Council Community Events Partnership Program Page 2 of 3 Supporting Documents: Resolution No. 25-001, appointing a chair to the TIRZ Number One Board of Directors for the year 2025. Staff Recommendation: Approval of Resolution No. 25-001 appointing Randy Williamson as the 2025 TIRZ Board of Directors Chair RESOLUTION NO. 25-001 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 WHEREAS, 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. That the City Council hereby appoints Randy Williamson to serve as chair of the Tax Increment Reinvestment Zone Board of Directors for one (1) year to begin on January 1, 2025. 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 THE 21ST DAY OF JANUARY 2025. APPROVED: Shawn McCaskill, Mayor ATTEST: Amy Shelley, City Secretary