Item 5CCity of Southlake, Texas
MEMORANDUM
July 26, 2004
TO: Billy Campbell, City Manager
FROM: John Eaglen, Assistant to the City Manager (481 -1433)
SUBJECT: Resolution No. 04 -056, Appoint a 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: City Council approval of Resolution No. 04 -056, appointing a Chair for
the Board of Directors of Tax Increment Reinvestment Zone Number One,
City of Southlake, Texas, for the remainder of the unexpired term to run
through December 31, 2004.
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 I of the following year." In January 2004, the
City Council, upon recommendation of the TIRZ Board of Directors,
appointed Rex Potter to serve as Chair for the 2004 Calendar Year. Mr.
Potter resigned his City Council seat, and his position on the TIRZ Board
of Directors, in June 2004.
Upon approval by the City Council, Resolution No. 04 -056 appoints a
Chair for the remainder of the unexpired term, which runs through
December 31, 2004.
Financial
Considerations: Not Applicable.
Financial
Lnpact Not Applicable.
Citizen Input /
Board Review: A recommendation to the City Council on this item is an agenda item on
the TIRZ Board of Directors meeting preceding the City Council meeting.
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.
Billy Campbell, City Manager
July 26, 2004
Page 2 of 4
Alternatives: Input towards the discussion as desired.
Supporting
Documents Supporting documents include the following items:
• Copy of Resolution No. 04 -056, appointing a chair to the TIRZ Board
of Directors for the remainder of the unexpired term, which runs
through December 31, 2004.
Staff
Recommendation: Place as an item on the August 3, 2004 City Council meeting agenda to
approve Resolution No. 04 -056, appointing a chair to the TIRZ Board of
Directors for the remainder of the unexpired term, which runs through
December 31, 2004.
RESOLUTION NO. 04 -056
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
and
WHEREAS, Ordinance No. 682 established a Board of Directors to administer the zone;
WHEREAS, the City passed Ordinance No. 761, amending Ordinance No. 682 relating
to the manner of appointment and terms of office for 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, 2004; and
WHEREAS, the appointed chair resigned his position on the governing body of the
municipality and the Tax Increment Reinvestment Zone Number One Board of Directors on June
15, 2004; 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 terms, which runs through December 31, 2004;
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 Tax Increment Reinvestment Zone Board of Directors for the remainder of the
unexpired term, to end on December 31, 2004.
Resolution No. 04 -056
August 3, 2004
Page 2 of 2
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.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS ON THIS THE DAY OF , 2004.
APPROVED:
Andy Wambsganss, Mayor
ATTEST:
Lori A. Farwell, City Secretary