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Item 4BCity of Southlake, Texas M E M O R A N D U M December 10, 2008 TO: Shana Yelverton, City Manager FROM: Alison Ortowski, Assistant to the City Manager Resolution No. 08-064, Appoint Four Members to Serve on the Board of SUBJECT: Directors of the Tax Increment Reinvestment Zone Number One, City of Southlake, Texas _________________________________________________________________________ Action Requested: City Council approval of Resolution No. 08-064, appointing four (4) members to serve on the Board of Directors for the Tax Increment Reinvestment Zone (TIRZ) Number One of the City of Southlake, Texas. Background Information: Article II, Section 1 (Powers, Number, and Term of Office) of the Bylaws of the Tax Increment Reinvestment Zone Number One, the City of Southlake, Texas, provides that the property and affairs of the zone shall be managed and controlled by the City Council of the City of Southlake. The Bylaws specify that the City Council shall appoint eight (8) members to the TIRZ Board of Directors, with one of these positions named by the Carroll Independent School District. The other taxing units participating in the zone (CISD, Tarrant County, Tarrant County Hospital District, and Tarrant County College) also may appoint one (1) representative to the Board of Directors. With respect to the length and terms of succession, the Bylaws state the following: “Each member shall serve for a term of two years, as stipulated in the Act, or until the member’s successor is duly appointed and qualified.” On July 18, 2000, the City Council approved Resolution No. 00-80, appointing eight (8) members to the TIRZ Board of Directors for two year terms. Through the initial appointments and subsequent appointments, four (4) terms have expired. Resolution No. 08-064 reappoints three (3) City Council members (Mayor Andy Wambsganss, Laura Hill and Vernon Stansell) and also appoints new City Council member, Pamela Muller to terms to expire in May 2010. Financial Considerations: Not Applicable. Citizen Input/ Shana Yelverton, City Manager December 10, 2008 Page 2 of 4 Board Review: Not Applicable. Legal Review: The City Attorney has been involved in the TIRZ process and can respond to any legal questions or issues which may arise during the meeting. Alternatives: Input towards the discussion and appointments as desired. Supporting Documents: Supporting documents include the following items: Copy of Resolution No. 08-064, appointing four (4) members to the  Board of Directors of the Tax Increment Reinvestment Zone Number One, City of Southlake, Texas. Staff Recommendation: Approval of Resolution No. 08-064, appointing four (4) members to the Board of Directors of Tax Increment Reinvestment Zone Number One, City of Southlake, Texas. RESOLUTION NO. 08-064 A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS, APPOINTING MEMBERS TO THE BOARD OF DIRECTORS FOR THE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE OF THE CITY OF SOUTHLAKE; PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Southlake, Texas, after public hearing created Tax Increment Reinvestment Zone Number One, City of Southlake, on September 23, 1997; and WHEREAS , a Board of Directors was established by the City of Southlake Ordinance No. 682, adopted September 23, 1997 and was amended by Ordinance No. 761, adopted December 7, 1999; and, WHEREAS , the City Council of the City of Southlake appointed eight members to the Board of Directors of Tax Increment Reinvestment Zone Number One on July 18, 2000; and WHEREAS , four (4) positions on the Board of Directors have become vacant due to the expiration of terms in May 2008, and the City Council is to appoint four (4) members to fill these vacancies; and THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: Section 1. All of the findings in the preamble are found to be true and correct and the City Council hereby incorporates said findings into the body of this resolution as if copied in their entirety. Section 2. That the City of Southlake hereby appoints the following members to fill positions on the Board of Directors of Tax Increment Reinvestment Zone Number One, City of Southlake, Texas: Mayor Andy Wambsganss 1. Term Expires 5/2010 Laura Hill 2. Term Expires 5/2010 Vernon Stansell 3. Term Expires 5/2010 Pamela Muller 4. Term Expires 5/2010 Section 3. That this resolution is effective upon passage by the City Council. PASSED AND APPROVED THIS THE 16th DAY OF December, 2008. CITY OF SOUTHLAKE, TEXAS BY: _______________________________ Resolution No. 08-064 December 10, 2008 Page 2 of 2 Mayor Andy Wambsganss ATTEST: __________________________________ Lori A. Payne City Secretary