HomeMy WebLinkAboutTIF1 2005-06-21 Minutes
MINUTES OF THE TIF BOARD MEETING FOR REINVESTMENT ZONE #1 OF
THE CITY OF NORTH RICHLAND HILLS, TEXAS BOARD OF DIRECTORS
MEETING - PRE-COUNCIL ROOM AT CITY HALL
TUESDAY, JUNE 21, 2005 - 4:00 P.M.
Present:
Oscar Trevino, Chairman Mayor
Tim Welch Council Member
JoAnn Johnson Council Member
David Whitson Council Member
John Lewis Council Member
Jane Sanford Administrator, Northeast
SubCourthouse, Precinct #3
Drenda Witt Tarrant County Hospital District
Others Present:
Larry J. Cunningham City Manager
Richard Torres Assistant City Manager
Bo Bass Assistant City Manager
Karen Bostic Managing Director of
Administrative/Fiscal Services
Alicia Richardson Assistant City Secretary
Larry Koonce Director of Finance
Nancy Bielik Council Member
Drew Corn Budget Director
1.
CALL TO ORDER
Mayor Trevino called the meeting to order at 4:00 p.m.
2.
APPROVAL OF APRIL 8, 2003 BOARD MINUTES
Drenda Witt moved to approve the minutes with the correction of Glenn Whitley’s
title from Administrator to Commissioner. Councilman Whitson seconded the
motion.
Motion to approve carried 6-0.
June 21, 2005 TIF No. 1 Meeting Minutes
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3.
DISCUSS 2004 ANNUAL REPORT
Finance Director Larry Koonce provided an overview of TIF No. 1 Executive
Summary. Mr. Koonce advised board if current values held steady and property
owners pay taxes on the TIF No. 1 properties the bonds could be paid off in the
year 2008. He also indicated that over 100,000 square feet of the 300,000
square foot business center is currently being leased. Tenants of the center
include ATI Career Training Center, Express Telephone, Imagistics, Sliver Leaf
Resorts, Walter Mortgage Company, ECAP (Training for Teacher Certification),
Pancho’s and Subway. The number of jobs created is 625.
Jane Sanford moved to accept the 2004 Annual Report. Drenda Witt seconded
the motion.
Motion to approve carried 6-0.
4.
ADJOURNMENT
Mayor Trevino adjourned the meeting at 4:06 p.m.
June 21, 2005 TIF No. 1 Meeting Minutes
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