Item 5BCity of Southlake, Texas
MEMORANDUM
January 18, 2002
TO: Billy Campbell, City Manager
FROM: John Eaglen, Assistant to the City Manager (481 -1433)
SUBJECT: Resolution No. 02 -002, City Council Appointment of the Chair for the Tax
Increment Reinvestment Zone Number One Board of Directors for 2002
Action Requested: City Council approval of Resolution No. 02 -002, appointing the Chair for the
City of Southlake Tax Increment Reinvestment Zone (TIRZ) Number One for
2002.
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. 02 -002 provides for the City
Council's appointment in order to meet this requirement.
This appointment has been placed on the TIRZ Board of
Directors meeting agenda as a discussion item prior to the City Council's
consideration of this item later in the evening. The Resolution has been left
blank pending the discussion by the TIRZ Board of Directors and by City
Council.
Financial
Considerations: Not Applicable.
Citizen Input/
Board Review: This item is a discussion item on the January 22, 2002 TIRZ Board of
Directors meeting prior to the City Council meeting on January 22, 2002.
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 and appointment as desired.
Supporting
Documents: Supporting documents include the following items:
• Copy of Resolution No. 02 -002, appointing a chair to the TIRZ Number
One Board of Directors for the year 2002.
Staff
Recommendation: Place as an item on the January 22, 2002 City Council agenda to approve
Resolution No. 02 -002, appointing a chair to the TIRZ Number One Board of
Directors for 2002.
Billy Campbell, City Manager
January 18, 2002
Page 2 of 2
JE
RESOLUTION NO. 02 -002
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
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;
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 Reinvestment Zone Board of Directors for one (1) year to
begin on January 1, 2002.
Section 3. That the City of Southlake authorizes and directs that this action be
made part of the City's permanent records.
Resolution No. 02 -002
January 22, 2002
Page 2 of 2
Section 4. That this resolution shall become effective from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL
SOUTHLAKE, TEXAS on this the day of
APPROVED
Rick Stacy
Mayor
ATTEST:
OF THE CITY OF
2002.
Kim Bush
Acting City Secretary