HomeMy WebLinkAboutTIF1 2015-11-09 Minutes MINUTES OF THE TIF BOARD MEETING FOR REINVESTMENT ZONE #1 OF THE
CITY OF NORTH RICHLAND HILLS, TEXAS BOARD OF DIRECTORS MEETING —
COUNCIL WORK ROOM AT CITY HALL
MONDAY, NOVEMBER 9, 2015 - 5:00 P.M.
Present:
Oscar Trevino, Chairman Mayor
David Whitson Council Member
Rita Wright Oujesky Council Member
Scott Turnage Council Member
Tim Welch Council Member
Dolores Webb Birdville I.S.D.
Rebecca Barksdale Precinct Administrator for Commissioner
Gary Fickes, Northeast SubCourthouse,
Precinct#3
Mark McClendon Tarrant County College
Absent:
Scott Rule Tarrant County Hospital District
Other Staff Present:
Mark Hindman City Manager
Karen Bostic Assistant City Manager
Paulette Hartman Assistant City Manager
Chief Perdue Director of Public Safety
George Staples City Attorney
Kent Austin Director of Finance
Marrk Callier Management Assistant
Craig Hulse Director of Economic Development
Kristin James Assistant to City Manager
1.
CALL TO ORDER
Mayor Trevino called the meeting to order at 5.00 p.m.
2.
APPROVAL OF APRIL 28, 2014 BOARD MINUTES
Council member Turnage moved to approve the minutes. Council member Whitson
seconded the motion.
Motion to approve carried 8-0.
3.
CONSIDER APPOINTMENT OF VICE-CHAIR AND SECRETARY TO TAX
INCREMENT REINVESTMENT ZONE NUMBER 1
Council member Whitson nominated Dolores Webb from B.I.S.D. to serve as Vice
Chairman and Tim Welch from North Richland Hills City Council to serve as Secretary.
Council member Turnage moved for nominations to cease.
Motion to approve carried 8-0.
Mayor Trevino announced Mark McClendon is replacing Dr. Larry Darlage as the
representative of Tarrant County College following Dr. Darlage's retirement. Rebecca
Barksdale was appointed by Tarrant County and is replacing Carolyn Sims. Ms. Sims
has retired.
4.
DISCUSS AND ACCEPT TAX INCREMENT REINVESTMENT ZONE
NUMBER 1 AND 1A 2014 ANNUAL REPORT
Kent Austin, Director of Finance, presented the 2014 TIF No. 1 and TIF No. 1A Annual
Report. Total revenues from property taxes and investment income for fiscal year 2014
is $186,956. Total expenditures which include project and debt service is $296,617.
Outstanding principal and interest as of September 30, 2014 is $2,819,497.
A summary of the incremental change in TIF1 and TIF 1A shows the value of TIF1A has
decreased so there is nothing to be assessed to the participating entities. All of the
income comes from TIF No. 1.
The Board had no questions.
Delores Webb moved to accept TIF No. 1 and TIF No. 1A 2014 Annual Report. Council
member Wright Oujesky seconded the motion.
Mayor Trevino commented some of the issues on TIF No. 1A are the result the time
period from when it was done in 2008 and also some of the issues encountered on
Boulevard 26. With the construction of City Hall and development of the surrounding
area it is hopeful the dynamics of TIF No. 1A will change.
Motion to approve carried 8-0.
5.
ADJOURNMENT
Mayor Trevino adjourned the meeting at 5.07 p.m.