HomeMy WebLinkAboutTIF2 2014-04-28 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 28, 2014 - 6:15 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
Jimmy Perdue Director of Public Safety
George Staples City Attorney
Mike Curtis 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 6:16 p.m.
2.
APPROVAL OF OCTOBER 22, 2013 BOARD MINUTES
Council member Wright Oujesky moved to approve the minutes. Carolyn Sims
seconded the motion.
Motion to approve carried 7 -0.
3.
DISCUSS AND APPROVE TIF NO. 2 2013 ANNUAL REPORT
Larry Koonce, Director of Finance, provided an overview of TIF No. 2 Annual Report.
The total captured appraised value in the City of North Richland Hills is $221,657,000.
In the past year the District billed $2.8 million to the taxing entities to pay expenses of
the TIF which includes debt service for the Library completed in 2008 for $10.2 million
and the recently completed NRH Centre TIF project of $21.9 million. The most recent
tax roll showed a loss of approximately $15.5 million in, value. Most of that was
attributed to the revaluing of the Venue property of about a $9 million dollar loss.
Council member Welch moved to approve the 2013 Annual Report. Council member
Turnage seconded the motion.
Motion to approve carried 7 -0.
4.
ADJOURNMENT
Mayor Trevino adjourned the meeting at 6:20 p.m.