HomeMy WebLinkAboutTIF3 2022-11-14 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 14, 2022
5:00 P.M.
Present:
• Oscar Trevino, Chair Mayor, North Richland Hills
• Suzy Compton, Vice-Chair Councilmember, North Richland Hills
• Rita Wright Oujesky, Secretary Councilmember, North Richland Hills
• Scott Turnage Councilmember, North Richland Hills
• Kelvin Deupree Councilmember, North Richland Hills
• Tito Rodriguez Councilmember, North Richland Hills
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
• Craig Hulse Director of Economic Development
• Trudy Lewis Director of Budget
Members Absent:
• Mason Orr Councilmember, North Richland Hills
• Rebecca Barksdale Precinct Administrator for Commission Gary Fickes,
Northeast Sub Courthouse, Precinct#3
A.
CALL TO ORDER
Chairman Oscar Trevino called the meeting to order at 5:00 p.m.
B.2
PUBLIC COMMENTS
No Public Comments were made or received at this time.
November 14,2022
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
Page 1 of 3
C-I
APPROVE MINUTES OF THE JANUARY 24, 2022 TAX INCREMENT
REINVESTMENT ZONE NO. 3 BOARD MEETING
Scott Turnage moved to approve the minutes. Suzy Compton seconded the motion.
The motion to approve carried 6-0.
C.2
DISCUSS AND ACCEPT THE NORTH RICHLAND HILLS TAX INCREMENT
REINVESTMENT ZONE NUMBER 3 ANNUAL REPORT FOR 2022.
Director of Finance Mark Mills made a brief presentation on the Annual Report of the TIF
#3 for 2022. 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:
Amount&Source of Revenue in the Tax Increment Fund FY 2022:
Property Tax Increment Revenue Collected $14,250.53
Total Revenues in Fiscal Year 2022 $ 14,250.53
Amount and Purpose of Expenditures of the Fund FY 2022:
TIF 3 Annual Contribution to City Point PID $ 12,817.27
TIF 3 Expenses $ 286.60
Total Fund Expenditures in Fiscal Year 2022 $ 13,103.87
Captured Appraised Value shared by the Municipality&Other Taxing
Entities and total amount of tax increments received:
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,ti �Ta 1.4tvnit"av<",w 11r )4ry�y taivmalue a .,202?i FY 2022 ;}}`` T 947 022,�, 2021/EY'2022; 7Y 202i/FY 022 ,
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City of North Richland Hills(1) $6,348,296 $13,000,000 $6,651,704 $0.156989 $10,442.43
Tarrant County(2) $6,348,296 $13,000,000 $6,651,704 $0.057250 $3,808.10
$14,250.53
Kelvin Deupree moved to accept the Annual Report for North Richland Hills Tax
Increment Reinvestment Zone Number 3 for the period ending September 30, 2022.
Rita Wright Oujesky seconded the motion, which was approved 6-0.
D.
ADJOURNMENT
Chair Oscar Trevino adjourned the meeting at 5:04 p.m.
November 14,2022
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
Page 2 of 3
Oscar Trevino, Chair
ATTEST:
Rita Wright Oujesky, Secretary
November 14,2022
Tax Increment Reinvestment Zone Number 3 Board of Directors Meeting Minutes
Page 3 of 3