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HomeMy WebLinkAboutTIF2 2009-10-13 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 13, 2009 - 5 :00 P.M. Present: Oscar Trevino, Chairman Mayor Scott Turnage Mayor Pro Tem John Lewis Council Member Ken Sapp Council Member Tim Welch Council Member David Whitson Council Member Drenda Witt Tarrant County Hospital District Dr. Larry Darlage Tarrant County College Carolyn Sims Precinct Administrator for Commissioner Gary Fickes, Northeast SubCourthouse, Precinct #3 Others Present: Mark Hindman City Manager Karen Bostic Assistant City Manager Jimmy Perdue Assistant City Manager Mike Curtis Managing Director of Development Services Vickie Loftice Interim Managing Director of Community Services Larry Koonce Director of Finance John Pitstick Director of Planning & Development Elizabeth Reining Assistant to the City Manager Craig Hulse Director of Economic Development Mary Peters Public Information Officer Bill Guitema Arcadia Realty Corporation James Archie Realty Capital Corporation . 1. CALL TO ORDER Mayor Trevino called the meeting to order at 5:00 p.m. 2. APPROVAL OF NOVEMBER 6, 2008 BOARD MINUTES Drenda Witt moved to approve the minutes with the correction that Dr. Darlage was on the premises and arrived before the meeting was adjourned. Dr. Darlage seconded the motion. Motion to approve carried 9 -0. 4 3. APPOINTMENT OF VICE -CHAIR AND SECRETARY Dr. Larry Darlage nominated Drenda Witt to serve as Vice Chairman. Council member Whitson seconded the motion. Motion to approve carried 9 -0. Drenda Witt nominated Dr. Larry Darlage to serve as Secretary. Council member Welch seconded the motion. Motion to approve carried 9 -0. 4. DISCUSS AND APPROVE 2009 ANNUAL REPORT Director of Finance Larry Koonce provided an overview of TIF No. 2 Annual Report. The TIF was created in 1999 with three projects: a $10.2 million library, $21.9 million recreation center and an $8.2 Tarrant County College conference center and fine arts center, Currently we are in the design stages of the recreation center. The library project was completed and the new library opened in the Spring of 2008. The City issued $10.2 million in CO's and is in the process of paying that off over 20 years. An additional $2,000,000 in debt has been issued for the design of the recreation center project and the City has dedicated $1,100,000 of 4B sales tax toward the recreation center project. The captured appraised value in 2008 was $222,126,892 for the City of North Richland Hills and $241,012,859 for Tarrant County. The District received $2,649,144 from all . , . taxing jurisdictions in fiscal year 2009 compared to the original plan estimate of $4,042,518. Taxes collected since inception total $11,092,893 compared to $18,851,022 estimated in the original plan. Cash balances including tax collections, interest earnings and certificate of obligation proceeds as of September 30, 2009 are approximately $13 million. Council member Welch moved to approve the 2009 Annual Report. Carolyn Sims and Council member Lewis seconded the motion. Motion to approve carried 9 -0. Carolyn Sims excused herself for another meeting at 5:06. 5. Overview /Status Report on the Recreation Center Project Vickie Loftice, Director of Parks and Recreation, presented the overview /status report of the TIF No. 2 Recreation Center project. Ms. Loftice stated on October 26 staff will present to City Council the components that will be included in the recreation center based on all the public input meetings that have been held. These meetings verified many of the original programmatic elements as recommended in the Leland Study, the Town Center Recreation Center Executive Summary, and TIF No. 2 Recommendations during the initial planning stages between 1998 and 2000. Also on October 26 the schematic drawing and the massing of the building will be presented as well as the site plan. The project cost is $21.9 million with the consultant being Brinkley Sargent Architects. There have been two public input meetings and 14 focus group meetings. In addition, there have been three senior input meetings to consider adding senior services to the building. Attendance at the senior meetings was approximately 300 with a very favorable response. The City has purchased 10 acres immediately north of the library for the location of the recreation center. This land was purchased with City of North Richland Hills gas development funds. Senior services, which will be recommended to Council on October 26, is the only component not included in the original plan. A new stand alone senior center would cost between $5,000,000 and $7,000,000. Studies have shown future senior services will be included in community centers. Approximately 95% of the seniors attending the meetings agreed the community center location was the most favorable. A senior services committee has been established with 12 members. The senior component funding is being considered either from the Park and Recreation Facilities Development Corporation 4B Sales Tax or an amendment to the TIF No. 2 plan. With the direction and approval of Council the Schematic Design and Design Development will be completed in April 2010. Construction should begin around September 2010, and be completed by the end of December 2011, with the center ready to be occupied by January 2012. Ms Witt asked the average age of the 300 people attending the senior meetings? Ms. Loftice advised the group was probably around 65 to 70 years of age. She added that approximately half of the people that came to the meetings had never participated at either of the other senior centers because they didn't feel the space provided was what they were interested in. They are very interested in modern facilities with the fitness component and the aquatic component. Mayor Trevino added the seniors that were targeted were North Richland Hills residents and seniors who were not participating at the current centers were asked why they were not participating. Ms. Witt also asked if the other centers would be closed? Ms. Loftice stated it would not be feasible to operate three senior centers. Residents were told the other centers would be closed. Mayor Trevino added the Food Lion would also be used as a community center. 6. Update on the Tarrant County College District Conference Center Project Larry Koonce, Director of Finance, provided an update on the Tarrant County College District ( "TCCD ") conference center project. A cash flow analysis has been completed in conjunction with the other two projects and cash balances are approximately $13 million as of September 30, 2009. This project was included in the original plan with total project cost of $8,213,279 with the final breakdown being determined by Tarrant County College District. It is determined the TIF is now at the point where the dollars may be transferred to TCCD. Dr. Darlage requested that a letter be sent to him acknowledging this. City Manager Mark Hindman assured Dr. Darlage that the City would send him a letter of acknowledgement. Mayor Trevino adjourned the meeting at 5:19 p.m.