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Item 4DCity of Southlake, Texas M E M O R A N D U M December 20, 2006 TO: Shana Yelverton, City Manager FROM: Ben Thatcher, Assistant to the City Manager Approval of recommendation to the City Council for the appointment of the SUBJECT: Chair for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas, for 2007 Action Requested: Appointment of the Tax Increment Reinvestment Zone Number One Board’s Chair for 2007. 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.” At the December 5 TIRZ Board meeting the City Council appointed Council Member Virginia Muzyka to be Chair for 2007. Resolution No. 07-001 provides for the City Council to meet this requirement. Financial Considerations: Not Applicable. Citizen Input/ Board Review: Not Applicable. 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. 07-001, appointing a chair to the TIRZ Number One Board of Directors for the year 2007. Staff Recommendation: Approval of City Council recommendation from the December 5 TIRZ Board meeting. RESOLUTION NO. 07-001 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 Virginia Muzyka to serve as chair of the Reinvestment Zone Board of Directors for one (1) year to begin on January 1, 2007. 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 ______________________ 2007. APPROVED: Andy Wambsganss, Mayor ATTEST: __________________________________ Lori A. Farwell, City Secretary