Item 9ACity of Southlake, Texas
MEMORANDUM
July 26, 2006
TO: Shana Yelverton, City Manager
FROM: Ben Thatcher, Assistant to the City Manager
SUBJECT: 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 the
remainder of the unexpired term
Action Requested: Tax Increment Reinvestment Board (TIRZ) Number One Board of
Directors discussion and recommendation to the City Council regarding
the appointment of the Board's Chair for the remainder of the unexpired
term through December 31, 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." In January 2006, the
City Council appointed Keith Shankland to serve as Chair for the 2006
Calendar Year. Mr. Shankland's City Council term ended in May, and
subsequently his position on the TIRZ Number One Board of Directors
was also vacated.
Upon approval by the City Council, Resolution No. 06 -027 appoints a
Chair for the remainder of the unexpired term, which runs through
December 31, 2006.
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.
Shana Yelverton, City Manager
July 26, 2006
Page 2 of 4
Supporting
Documents: Supporting documents include the following items:
■ Copy of Resolution No. 06 -027, appointing a chair to the TIRZ
Number One Board of Directors for the remainder of the unexpired
term, which runs through December 31, 2006. This resolution is an
item scheduled for consideration by the City Council at their August 1,
2006 meeting.
Staff
Recommendation: Place as an item on the August 1, 2006 TIRZ Number One Board of
Directors Meeting Agenda to approve a recommendation to the City
Council to appoint the Chair of the TIRZ Board of Directors for the
remainder of the unexpired term, which runs through December 31, 2006.
RESOLUTION NO. 06 -027
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; and
WHEREAS, the governing body of the municipality duly appointed a member of the
board to serve as chair for a term of one (1) year that began on January 1, 2006; and
WHEREAS, the appointed chair vacated his position on the governing body of the
municipality and the Tax Increment Reinvestment Zone Number One Board of Directors on May
16, 2006; and
WHEREAS, in accordance with the Act and Article III, Section 1 of the Bylaws of Tax
Increment Reinvestment Zone Number One, City of Southlake, Texas, the City Council is
responsible for appointing a member of the board to serve as chair for the remainder of the
unexpired term, which runs through December 31, 2006;
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 to serve as
chair of the Reinvestment Zone Board of Directors for the remainder of the unexpired term, to
end on December 31, 2006.
Section 3. That the City Council 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.
Resolution No. 06 -027
August 1, 2006
Page 2 of 2
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