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Item 5DCity of Southlake, Texas MEMORANDUM August 30, 2004 TO: Billy Campbell, City Manager FROM: John Eaglen, Assistant to the City Manager SUBJECT: Resolution No. 04 -064, Appointing Laura Hill and John Nussrallah to the Board of Directors for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas Action Requested: City Council approval of Resolution No. 04 -064, appointing Laura Hill and John Nussrallah to the Board of Directors for Tax Increment Reinvestment Zone ( "TIRZ ") Number One, City of Southlake, Texas. Background Information: Article II, Section 1 (Powers, Number, and Term of Office) of the Bylaws of the Tax Increment Reinvestment Zone Number One, the City of Southlake, Texas (the " Bylaws ") provides that the property and affairs of the zone shall be managed and controlled by the City Council of the City of Southlake. The Bylaws specify that the City Council shall appoint eight (8) members to the TIRZ Board of Directors, with one of these positions named by the Carroll Independent School District. The other taxing units participating in the zone (CISD, Tarrant County, Tarrant County Hospital District, and Tarrant County College) also may appoint one (1) representative to the Board of Directors. With respect to the length and terms of succession, the Bylaws state the following: "Each member shall serve for a term of two years, as stipulated in the Act, or until the member's successor is duly appointed and qualified " Resolution No. 04 -064 appoints one (1) new City Council member (Laura Hill) to a one - and -a -half year term to fill the remainder of the unexpired term of Rex Potter, appointed to a term to expire in May 2006. The resolution also appoints one (1) new Director as named by the CISD, who have requested that John Nussrallah replace Dale Crane, who was appointed by the City Council to serve a term through May 2005. This is consistent with the Bylaws and City Charter Section 3.02(b) regarding the filling of vacancies of unexpired terms. Billy Campbell, City Manager August 30, 2004 Page 2 of 5 Financial Considerations: Not Applicable. Financial Impact: Not Applicable. Citizen Input / Board Review: The CISD Board of Trustees, after the election in May, designated Mr. Nussrallah to serve on the TIRZ Board of Directors. Legal Review: The City Attorney has been involved in the TIRZ process and can respond to any legal questions or issues which may arise during the meeting. Alternatives: Input towards the discussion as desired. Supporting Documents: Supporting documents include the following items: • Copy of email dated Monday, August 2, 2004 from Dale Crane to John Eaglen, notifying staff of their request to name John Nussrallah to the TIRZ Board of Directors; • Copy of Resolution No. 04 -064, appointing Laura Hill and John Nussrallah to fill the remainder of the unexpired terms of former Directors Rex Potter and Dale Crane on the Board of Directors of Tax Increment Reinvestment Zone Number One, City of Southlake, Texas. Staff Recommendation: Place as an item on the September 7, 2004 City Council agenda to approve Resolution No. 04 -064, appointing Laura Hill and John Nussrallah to the Board of Directors for Tax Increment Reinvestment Zone Number One, City of Southlake, Texas for the remainder of the unexpired terms of former Directors Rex Potter and Dale Crane. Billy Campbell, City Manager August 30, 2004 Page 3 of 5 John Eaglen From: DCrans691I @aol.eorn Seal Monday, August 02, 2004 8`44 Q To: John Baglen Cc; JNussraliah@thornasgroup.com Subject: TIF Board John: With the recent reorganvaflon of the CI D Beard, I was replaced on the TI Board by John Nussrallaih. Please direct all future TI Board data to him. Please contact him at JNussrallah( thomasgroup.corn to determine his preference for mailing address etc. Thanks, Dale Crane RESOLUTION NO. 04 -064 A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS, APPOINTING MEMBERS TO THE BOARD OF DIRECTORS FOR THE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF SOUTHLAKE; PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Southlake, Texas, after public hearing created Tax Increment Reinvestment Zone Number One, City of Southlake, on September 23, 1997; and WHEREAS, a Board of Directors was established by the City of Southlake Ordinance No. 682, adopted September 23, 1997 and was amended by Ordinance No. 761, adopted December 7, 1999; and WHEREAS, the City Council of the City of Southlake appointed eight (8) members to the Board of Directors of Tax Increment Reinvestment Zone Number One on July 18, 2000; and WHEREAS, two (2) positions on the Board of Directors have become vacant due to the resignations of Rex Potter in June 2004, and Dale Crane in August 2004; and WHEREAS, consistent with the Bylaws of Tax Increment Reinvestment Zone Number One, City of Southlake, Texas ( " Bylaws ") and City Charter the City Council is to appoint two (2) new members to the Board of Directors for the remainder of the unexpired terms; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: Section 1. All of the findings in the preamble are found to be true and correct and the City Council hereby incorporates said findings into the body of this resolution as if copied in their entirety. Resolution No. 04 -064 August 30, 2004 Page 2 of 2 Section 2. That the City of Southlake hereby appoints the following members to fill positions on the Board of Directors of Tax Increment Reinvestment Zone Number One, City of Southlake, Texas: 1. Laura Hill 2. John Nussrallah Term Expires 5/2006 Term Expires 512005 Section 3. That this resolution becomes effective upon passage by the City Council. PASSED AND APPROVED THIS THE DAY OF , 2004. CITY OF SOUTHLAKE, TEXAS IC ATTEST: Mayor Andy Wambsaganss Lori A. Farwell City Secretary