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Item 4DCITY OF SOUTHLAKE MEMORANDUM 4D February 4, 2014 To: Shana K. Yelverton, City Manager From: Alicia Richardson, City Secretary Subject: Resolution No. 14-004, Appoint a Chairperson of the Board of Directors of Tax Increment Reinvestment Zone Number One for the 2014 calendar year. Action Requested: Appointment of a Chairperson of the Board of Directors of Tax Increment Reinvestment Zone Number One for the 2013 calendar year 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. 14-004 appoints Brandon Bledsoe to serve as chair for 2014. Financial Considerations: None Strategic Link: F3 Invest to provide and maintain high quality public assets Citizen Input/ Board Review: The TIRZ Board of Directors discussed this item at their January 21, 2014 meeting, and approved a recommendation to the City Council to appoint Brandon Bledsoe to serve as chair for 2014. 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: Select different appointee Supporting Documents: Copy of Resolution No. 14-004, appointing a chair to the TIRZ Number One Board of Directors for the year 2014. Staff Recommendation: Approval of Resolution No. 14-004 appointing Brandon Bledsoe as the 2014 TIRZ Board of Directors Chairperson RESOLUTION NO. 14-004 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 Brandon Bledsoe to serve as chair of the Tax Increment Reinvestment Zone Board of Directors for one (1) year to begin on January 1, 2014. 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 CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS ON THIS THE 4T" DAY OF FEBRUARY 2014. APPROVED: John C. Terrell, Mayor ATTEST: Alicia Richardson, City Secretary