HomeMy WebLinkAboutTIF3 2023-11-13 Minutes MINUTES OF THE REGULAR MEETING OF THE TAX INCREMENT
REINVESTMENT ZONE NUMBER 3 BOARD OF DIRECTORS OF THE CITY OF
NORTH RICHLAND HILLS, TEXAS
4301 CITY POINT DRIVE—COMMUNITY ROOM
NORTH RICHLAND HILLS, TX 76180
MONDAY, NOVEMBER 13, 2023
5:30 P.M.
Present:
• Oscar Trevino, Chair Mayor, North Richland Hills
• Scoff Turnage, Vice-Chair Councilmember, North Richland Hills
• Mason Orr, Secretary Councilmember, North Richland Hills
• Tito Rodriguez Councilmember, North Richland Hills
• Rita Wright Oujesky Councilmember, North Richland Hills
• Suzy Compton Councilmember, North Richland Hills
• Blake Vaughn Councilmember, North Richland Hills
• Kelvin Deupree Councilmember, North Richland Hills
• Kathryn Rotter Executive Administrator Programs and Outreach,
Office of Gary Fickes, Northeast Sub Courthouse,
Commissioner Precinct#3
Others Present:
• Mark Hindman City Manager
• Paulette Hartman Deputy City Manager
• Maleshia McGinnis City Attorney
• Mark Mills Director of Finance
• Glenn Mizell Assistant Director of Finance
• Trudy Lewis Director of Budget
• Karen Manilla Assistant City Manager
• Caroline Waggoner Assistant City Manager
• Thomas McMillian Assistant City Attorney
• Mike Young Police Chief
• Clayton Comstock Director of Planning
Members Absent:
• None
November 13,2023
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
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A.
CALL TO ORDER
Chairman Oscar Trevino called the meeting to order at 5:30 p.m.
B.2
PUBLIC COMMENTS
No Public Comments were made or received at this time.
C.1
APPROVE MINUTES OF THE NOVEMBER 14, 2022 TAX INCREMENT
REINVESTMENT ZONE NO. 3 BOARD MEETING
Board Member Suzy Compton moved to approve the minutes. Board Member Tito
Rodriguez seconded the motion.
The motion to approve carried 9-0.
C.2
DISCUSS AND ACCEPT THE NORTH RICHLAND HILLS TAX INCREMENT
REINVESTMENT ZONE NUMBER 3 ANNUAL REPORT FOR 2023.
Director of Finance Mark Mills made a brief presentation on the Annual Report of the TIF
#3 for 2023. Each Tax Increment Reinvestment Zone is required to submit an annual
report, to its Board and to the State, detailing its financial activities for the year. A
summary of the financial report for the year is shown below:
Property Tax Increment Revenue Collected $28827 78
Total $28,827.78
Tax Year F�scal'�ea"r NIGH bounty •Total
2019 2420 $�00 $o 00 .$a 00
2020 2021 $9,507.04 $3,596.84 $13,103.88
2022 2023 $21,307.00 $7,520.78 $28,827.78
1:77
TIF 3 Annual Contribution tofCity Point PID fi $ 4,2 47 98
TIF 3 Ex,p enditures:; $744 17
November 13,2023
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
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FY 2023 Value Increment (Taxable Value)
Taxable Value $19,964,300
Base Value $6,348,296
Taxable Value Increment $13,616,004
After some discussion on the current status of the City Point development, Board
Member Rita Wright Oujesky moved to accept the Annual Report for North Richland
Hills Tax Increment Reinvestment Zone Number 3 for the period ending September
30, 2023. Member Kelvin Deupree seconded the motion, which was approved 9-0.
C.3
CONSIDER THE APPOINTMENT OF A VICE-CHAIR AND SECRETARY FO
THE TAX INCREMENT REINVESTMENT ZONE NUMBER 3, EACH TO
SERVE TWO-YEAR TERMS BEGINNING JANUARY 1, 2024, AND ENDING
DECEMBER 31, 2025.
Board Secretary Mason Orr was nominated to serve a two-year term as Board Vice-
Chair and Kelvin Deupree was nominated to serve a two-year term as Board
Secretary. Board Member Suzy Compton moved to accept the slate of nominees
and Board Member Tito Rodriguez seconded the motion, which was approved 9-0.
D.
ADJOURNMENT
Chair Oscar Trevino adjourned the meeting at 5:39 p.m.
Oscar Trevino, Chair
ATTEST:
Mason°Orr, Secretary
November 13,2023
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
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