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HomeMy WebLinkAboutTIF2 1999-11-01 MinutesREINVESTMENT ZONE NUMBER 2, CITY OF NORTH RICHLAND HILLS BOARD OF DIRECTORS MEETING November 1, 1999 CITY HALL PRE-COUNCIL ROOM 2:00 p.m. MINUTES Board Members Present: Chairman Charles Scoma, Mayor, City of North Richland Hills Frank Metts, Jr., Councilman, City of North Richland Hills Dr. Matt Milano, Councilman, City of North Richland Hills Russ Mitchell, Councilman, City of North Richland Hills Lyle E. Welch, Councilman, City of North Richland Hills JoAnn Johnson, Councilwoman, City of North Richland Hills Dr. Larry Darlage, President, Tarrant County College-Northeast Campus Commissioner Glen Whitley, Commissioner, Tarrant County Drenda Williams Witt, Dir. of Public Relations & Marketing, JPS Health Network Staff/Guests Present: Jane Sanford, Administrator, Tarrant County Larry Cunningham, City Manager, City of North Richland Hills Greg Vick, Managing Dir. of Community Services & Facilities, City of North Richland Hills Larry Koonce, Director of Finance, City of North Richland Hills Marty Wieder, Director of Economic. Development, City of North Richland Hills Ashley Stathatos, Marketing & Research, City of North Richland Hills Call TIF #2 Meeting to Order Chairman Scoma convened the first TIF #2 meeting at 2:05 p.m. With all the board members present, Mayor Scoma asked the Board Members to introduce themselves. 2. Adoption of By-Laws The second item on the agenda was to consider adoption of the Board Bylaws. Mr. Cunningham noted that the current Bylaws were similar to the Bylaws previously sent out. Ms. Witt made a motion to approve the Bylaws, Dr. Darlage seconded and the item was passed unanimously. 3. Approve Preliminary Project Plan Mr. Cunningham proceeded to ask Mr. Wieder to present the Preliminary Project Plan. Commissioner Whitley noted the County's support for the Reinvestment Zone Number 2 November 1, 1999 --Page 2 Tarrant County College Performing Arts Center. He believes there is a great need for training areas, community meeting space i.e public health outpatient health, parenting classes etc. He, along with other Commissioners are in favor of the Performing Arts Center since this will promote County wide partnership for space outside of the downtown area. This new partnership could encourage the Southeast, Northwest and South College/County areas to incorporate the same working relationship for a much needed end result. Commissioner Whitley explained the developer reimbursement schedule for infrastructure and the plan to use the funds for the Library and Recreation Center. The new TCC facility would most likely be located in the Town Center core. Another option would be near the City Hall site off Grapevine Highway. Mayor Scoma asked if someone would entertain a motion to pass the Preliminary Project Plan. Commissioner Whitley made a motion, Dr. Darlage seconded and the item passed unanimously. 4. Approval Finance Plan The next item on the agenda was discussion of the Preliminary Finance Plan. Mr. Koonce directed everyone to page 9 of the Finance Plan. The total project cost would come to approximately $63.8 million. The City would participate at 100%, College at 100%, Hospital at 52% and the County also at 52%. Overall, these figures reflect $52 million by the City for 20 years, $9.7 million from TCC, and the Hospital and County each at $9.2 million. Commissioner Whitley said he understands the need for a new library and recreation center due to the 820-widening project. He would like to see the time frame moved up for the Performing Arts Center. Mr. Vick noted that all figures are based on 1999 dollars. These amounts could change and are subject to participation agreements. Numerous suggestions were placed on the table regarding building in a figure for inflation costs. Commissioner Whitley suggested a 3% inflation rate for the first 5 years. Ms. Johnson made a motion to approve the Preliminary Finance Plan and to use the 3% inflation rate over the first 5 years. Ms. Witt seconded that motion. Commissioner Whitley then Reinvestment Zone Number 2 November 1, 1999 --Page 3 suggested a modified motion to include 3% annual inflation rate for construction costs. The amendment was accepted and the motion passed unanimously. A tentative meeting is set for Tuesday, November 30, 1999. 5. Adjourn Having no further business, the meeting was adjourned at 2:55 p.m.