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HomeMy WebLinkAboutTIF2 2007-10-02 Minutes MINUTES OF THE TIF BOARD MEETING FOR REINVESTMENT ZONE #2 OF THE CITY OF NORTH RICHLAND HILLS, TEXAS BOARD OF DIRECTORS MEETING - PRE-COUNCIL ROOM AT CITY HALL TUESDAY, OCTOBER 2, 2007 - 4:30 P.M. Present: Oscar Trevino, Chairman Mayor Suzy Compton Mayor Pro Tem Scott Turnage Council Member John Lewis Council Member Dr. Larry Darlage Tarrant County College Carolyn Sims Precinct Administrator for Commissioner Gary Fickes, Northeast SubCourthouse, Precinct #3 Drenda Witt Tarrant County Hospital District Others Present: Larry J. Cunningham City Manager Jim Starr Interim Assistant City Manager Bo Bass Assistant City Manager Karen Bostic Managing Director of Administrative/Fiscal Services Larry Koonce Director of Finance Chris Amarante Construction Manager Vickie Loftice Director of Parks and Recreation Elizabeth Reining Assistant to the City Manager Thad Chambers Director of Economic Development Mary Peters Public Information Officer Dr. Quentin Burnett Birdville I.S.D. Lisa McMillan Tarrant County Commissioner’s Court Scott Herndon Tarrant County Hospital District David Medanich First Southwest Company Absent: Tim Welch Council Member David Whitson Council Member 1. CALL TO ORDER Mayor Trevino called the meeting to order at 4:30 p.m. 2. APPROVAL OF June 21, 2005 BOARD MINUTES Councilman Lewis moved to approve the minutes. Dr. Darlage seconded the motion. Motion to approve carried 7-0. 3. APPOINTMENT OF VICE-CHAIRMAN AND SECRETARY Councilman Lewis nominated Drenda Witt to serve as Vice-Chairman. Dr. Darlage seconded the motion. Motion to approve carried 7-0. Drenda Witt nominated Dr. Larry Darlage to serve as Secretary. Mayor Pro Tem Suzy Compton seconded the motion. Motion to approve carried 7-0. 4. DISCUSS 2007 ANNUAL REPORT Finance Director Larry Koonce provided an overview of TIF No. 2 Executive Summary. The public improvements in terms of the projects total approximately $40 million and total improvements including the developer improvements with streets and water and sewer infrastructure total approximately $25 million. The TIF is responsible for the $40 million in public projects. The three projects included in this TIF district are the library project, the recreation center project and the Tarrant County College conference center project. The district received $1,722,826 million from all taxing jurisdictions in fiscal year 2007. In April 2003, the City of North Richland Hills issued certificates of obligations in the amount of $1,450,000 for land acquisition, building program planning and architectural design services for the library project. In April 2006, the City of North Richland Hills issued an additional $8,750,000 for construction of the library. A ground breaking ceremony for the library was held in October 2006 is estimated completion and opening in spring 2008. Mr. Koonce outlined a few of the reasons why property tax collections are lagging from the original plan citing fallout from 9/11/2001, less business development and more residential development, more tax exempt development than anticipated, and protests to reduce property values by owners/developers over the years to Tarrant Appraisal District. Mayor Trevino noted the TIF was still a very viable plan with just a two and a half year lag. Dr. Darlage questioned how far behind is the library in terms of when it was projected originally. Larry Koonce advised it was five years behind. He advised the design on the conference center would begin around 2010 or 2011. Councilman Lewis recognized the point of view the City will use $1.1 million in 4B sales tax to help with the start up of the design for the recreation center project. Dr. Larry Darlage moved to accept the 2007 Annual Report. Drenda Witt seconded the motion. Motion to approve carried 7-0. 5. DISCUSS PROGRESS OF THE TIF NO. 2 LIBRARY PROJECT REPORT Chris Amarante, Construction Manager for the City of North Richland Hills presented a PowerPoint presentation updating the Board on the progress of the TIF No. 2 library project. Total cost of the library is $10.2 million. The proposal came in under budget and an additional 9,858 square feet expansion was added in the project. The expansion area will be shell space and air conditioned only. Funding for the completion of the space will be provided by the City at a later date. Ground breaking was in October 2006 and the scheduled completion date is February 2008. The project is currently 68% complete. When completed, the library will support 190,000 volumes of books and will have two public meeting rooms, a local history room and a café. Chris Amarante advised the Board of the construction materials used in the building of the library and provided pictures of the building project during the different phases of construction. The Board was advised the second floor of the building was reinforced for books also. The library faces Hawk Avenue. The street’s name was changed at the request of the senior class of Birdville High. The library is located next to The Venue. After brief discussions and questions, the Board was advised the original plan was for a 60,000 square feet total building, 45,000 square feet build out and 15,000 shell space. The bid came in at approximately 58,000 square feet total building, 49,000 square feet build out and almost 10,000 square feet shell space. 6. REPORT ON THE DESIGN OF THE TIF NO. 2 RECREATION CENTER Vickie Loftice, Director of Parks and Recreation for the City of North Richland Hills presented a PowerPoint presentation updating the Board on the design of the TIF No. 2 recreation center project. Beginning in October, RFQ’s for professional services will be sent out. It is anticipated designs in the design phase will be reviewed for the next 12 to 18 months. Staff will be looking at the original elements that were discussed in 1999 when the TIF plan was originally approved. Cost benefits will be reviewed and public input taken into consideration. The facility will be close to 100,000 square feet depending on the construction costs. The total project cost is $21.9 million with $1.1 million of this coming from the 4B sales tax. The design phase will be supported by the tax. The debt portion of the project will be supported by the TIF. Estimated completion date will be the later part of 2010. Some of the amenities that will be looked at will be fitness facilities, indoor aquatics, a double gymnasium, banquet or rental space, and a lounge in the entry way. Also, considered will be family locker rooms and restrooms along with maintenance and storage areas. A committee will select the architect evaluating the various design options and taking into consideration public input. The Board was advised The Crossing and The Venue were developing well with 55,000 square feet of retail in The Venue and approximately ten percent of the apartments pre- leased. 7. ADJOURNMENT Mayor Trevino adjourned the meeting at 5:10 p.m.