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HomeMy WebLinkAboutTIF2 2013-04-22 Minutes MINUTES OF THE TIF BOARD MEETING FOR REINVESTMENT ZONE #2 OF THE CITY OF NORTH RICHLAND HILLS, TEXAS BOARD OF DIRECTORS MEETING - COUNCIL WORK ROOM AT CITY HALL MONDAY, APRIL 22, 2013 - 4:15 P.M. Present: Oscar Trevino, Chairman Mayor Tito Rodriguez Council Member Rita Wright Oujesky Council Member David Whitson Council Member Scott Turnage Council Member Tim Welch Council Member Carolyn Sims Precinct Administrator for Commissioner Gary Fickes, Northeast SubCourthouse, Precinct #3 Absent: Dr. Larry Darlage Tarrant County College Scott Rule Tarrant County Hospital District Others Present: Mark Hindman City Manager Karen Bostic Assistant City Manager Jared Miller Assistant City Manager Jimmy Perdue Director of Public Safety Mike Curtis Managing Director Vickie Loftice Managing Director Larry Koonce Director of Finance John Pitstick Director of Planning & Development Craig Hulse Director of Economic Development Kristin James Assistant to City Manager 1. CALL TO ORDER Mayor Trevino called the meeting to order at 4:21 p.m. 2. APPROVAL OF OCTOBER 13, 2009 BOARD MINUTES Council member Welch moved to approve the minutes. Council member Rodriguez seconded the motion. Motion to approve carried 7 -0. 3. APPOINTMENT OF VICE -CHAIR AND SECRETARY Council member Turnage nominated Rita Wright Oujesky to serve as Vice Chairman. Council member Whitson seconded the motion. Motion to approve carried 7 -0. Council member Turnage nominated Tim Welch to serve as Secretary. Council member Wright Oujesky seconded the motion. Motion to approve carried 7 -0. 4. DISCUSS AND APPROVE TIF NO. 2 2012 ANNUAL REPORT Larry Koonce, Director of Finance, provided an overview of TIF No. 2 Annual Report. The TIF was created in 1999 with three projects: a $10.2 million library, a $21.9 million recreation center and an $8.2 Tarrant County College conference center and fine arts center. Since that time the values have grown over $200 million. In the past year the values increased by $12.5 million or about six percent. This is producing about $2.6 million in tax revenue per year which was sufficient to cover all of the debt service and expenditures for fiscal year 2012. The year ended with approximately $12 million in cash. Cash is on hand for the TCC project. The other two projects have been completed. The drainage project for the Library is still in progress. Mayor Trevino asked City Manager, Mark Hindman, to address the plans of the TCC Board and the upcoming function of the City. Mr. Hindman informed the members on May 10, 2013 representatives for Tarrant County, County Hospital District, TCC, and T Birdville I.S.D. have been invited to a reception at 6:00 p.m. and to the Sounds of Spring Concert starting at 7:00 p.m. This is an opportunity to show the members what is happening within the District. Interest has been shown in the placement of the TCC facility and the development in the area. Council member Wright Oujesky moved to approve the 2012 Annual Report. Council member Rodriquez seconded the motion. Motion to approve carried 7 -0. 5. DISCUSS AND APPROVE AMENDING THE BYLAWS OF REINVESTMENT ZONE NUMBER 2, CHANGING THE MONTH OF ANNUAL MEETINGS FROM NOVEMBER TO APRIL. RESOLUTION 2013 -001 Larry Koonce, Director of Finance, presented the item. Members are being asked to consider a resolution to authorize changing the month of annual meetings from November to April. North Richland Hills City Council approved the item on March 25, 2013. Council member Whitson moved to approve Resolution No. 2013 -001. Council member Turnage seconded the motion. Motion to approve carried 7 -0. 6. ADJOURNMENT Mayor Trevino adjourned the meeting. 1