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1997-11-12 City of Southlake, Texas SOUTHLAKE TAX INCREMENT REINVESTMENT ZONE Temporary BOARD MEETING November 12, 1997 MEETING MINUTES Board Members Present: Rick Stacy, Gary Fawks, Scott Martin, Buddy Luce, Larry Darlage, Jane Sanford Staff Present: Southlake City Manager Curtis E. Hawk, Southlake Director of Finance Lou Ann Heath, Southlake Assistant to the City Manager Darcey Imm, Jim Sabonis First Southwest, Tarrant County Administrator G.K. Maenius, Tarrant County Economic Development Coordinator Lisa McMillan, Steve Johnson -CISD. Others Present: David Medamich, Jerry Lawrence, Frank Bliss, Brian Stebbins Agenda Item No. 1. Call to order. The meeting was called to order by Acting Chairman Rick Stacy at 7:30 p.m. Agenda Item No. 2. Discussion: Reinvestment Zone Project and Finance Plan. The board discussed the proposed boundary change from 256 acres to 408 acres. Curtis Hawk distributed the revised map and explained the boundaries. G.K. Maenius asked whether or not the Carroll Independent School District is fully participating in the TIF. Buddy Luce stated that the school district plans to participate at one - hundred percent participation. The CISD will meet with Darcey to finalize the request for projects to be included in the project and finance plans. The board discussed the County's comfort level without extending the boundaries. Gary Fawks asked whether or not the expanded boundaries will require an expanded financing plan. Acting Chariperson Stacy indicated that since the CISD sees this as a positive, then the plan boundaries can be changed to include the southern CISD sites. The plan can be amended later. Gary Fawks asked about the developer's agreement and whether or not the TIRZ Board is supposed to be a part of the agreement. Curtis explained that the developer's agreement is only between the city and the developer, and does not affect the TIF. Agenda Item No. 3. Discussion: Overlappin Taxing Jurisdictions Participation Agreements. Darcey Imm distributed the timeline for the creation of the TIRZ and discussed the timing for receiving the participation agreements. Larry Darlage indicated that the Tarrant County Junior College has the information they need. Acting Chairman Stacy stated that everyone is time constrained due to the January 10, 1998 projected start date. The first deadline is to receive the particiation agreements, then the TIRZ Board will consider the final plans. The County will be appointing their member to the board by November 18, 1997. TIRZ Board Meeting Minutes November 12, 1997 Page 2 Agenda Item No. 4 Adjournment. There being no further discussion, motion was made to adjourn the meeting. All members were in favor of adjournment. Rick Stacy, Acting Chair ATTEST: