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2006-08-01 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF SOUTHLAKE, TEXAS BOARD OF DIRECTORS MEETING MINUTES August 1, 2006 Location: Council Chambers, 1400 Main Street, Southlake, Texas. Members present: Chairman Virginia M. Muzyka, Vice - Chairman Larry Darlage; Members: Sharon Eaves, Laura K. Hill, Jane Sanford, Vernon Stansell, Andy Wambsganss, and Sherrie Williams. Members absent: Gregory Jones, Carolyn Morris, John Terrell, and Drenda Witt. Staff present: Finance Director Sharen Jackson, Assistant to the City Manager Ben Thatcher, and City Secretary Lori Farwell. Agenda Item No. 1. Call to order. Vice - Chairman Darlage called the meeting to order at 4:08 p.m. Agenda Item No. 2. Consideration: Approval of the minutes from the December 6, 2005 Tax Increment Reinvestment Zone Number One Board of Directors meeting. Motion was made to approve the minutes from the December 6, 2005, Tax Increment Reinvestment Zone Number One Board of Directors meeting as presented. Motion: Wambsganss Second: Sanford Ayes: Darlage, Eaves, Hill, Muzyka, Sanford, Stansell, Wambsganss, Williams Nays: None Approved: 8 -0 Agenda Item No. 3. Consideration: 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 2006. Motion was made to recommend Virginia M. Muzyka as the Chair of the Board of Directors for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas, for 2006. Motion: Wambsganss Second: Hill Ayes: Darlage, Eaves, Hill, Muzyka, Sanford, Stansell, Wambsganss, Williams Nays: None Approved: 8 -0 Agenda Item No. 4. Discussion: Proposed Fiscal Year 2006 -07 Tax Increment Reinvestment Zone Number One budget overview. Finance Director Jackson presented this item to the Board. Agenda Item No. 5. Discussion: Southlake Town Square project status update. There was no representative from the developer, Cooper and Stebbins, at the meeting although Assistant to the City Manager Thatcher showed a video to the Board provided by Cooper and Stebbins. TIRZ Board meeting minutes, August 1, 2006, Page 1 of 2 Agenda Item No. 6. Adjournment. There being no further business to discuss, the Board adjourned at 4:16 p.m. A - Larry D. a:e ATTEST: Vice -C airman - 1 a rLl. ∎lr O ff ; •. " . ` v 's =� • • Lori A. Farwell • D City Secretary fog = • TIRZ Board meeting minutes, August 1, 2006, Page 2 of 2