Item 5CCity of Southlake, Texas
MEMORANDUM
December 18, 2003
TO: Billy Campbell, City Manager
FROM: John Eaglen, Assistant to the City Manager (481 -1433)
SUBJECT: Approval of Resolution No. 04 -001, appointing the Chair for the Board of
Directors for Tax Increment Reinvestment Zone Number One, City of
Southlake, Texas, for 2004
Action Requested: City Council approval of Resolution No. 04 -001, appointing Rex Potter to
serve as the Chair for the Board of Directors for Tax Increment
Reinvestment Zone Number One, City of Southlake, Texas ( "TIRZ "), for
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 1 of the following year." Resolution No. 04-
001 appoints Deputy Mayor Pro -Tem Rex Potter to serve as chair for
2004.
Financial
Considerations: Not Applicable.
Citizen Input /
Board Review: The TIRZ Board of Directors discussed this item at their December 16,
2003 meeting, and approved a recommendation to the City Council to
appoint Mr. Potter to serve as chair for 2004 (7 -0).
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.
Supporting
Documents: Supporting documents include the following items:
• Copy of Resolution No. 04 -001, appointing a chair to the TIRZ Board
of Directors for the year 2004.
Billy Campbell, City Manager
December 18, 2003
Page 2 of 3
Staff
Recommendation: Place approval of Resolution No. 04 -001 as an item on the January 6,
2004 City Council meeting agenda to appoint Rex Potter to serve as Chair
of the TIRZ Board of Directors for 2004.
RESOLUTION NO. 04 -001
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
WHERAS, 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;
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 Rex Potter to serve as Chair of the
Reinvestment Zone Board of Directors for one (1) year to begin on January 1, 2004.
Section 3. That the City of Southlake 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
SOUTHLAKE, TEXAS ON THIS THE
2004.
CITY COUNCIL OF THE CITY OF
DAY OF
APPROVED:
Andy Wambsganss, Mayor
ATTEST:
Lori A. Farwell, City Secretary