HomeMy WebLinkAbout2015-11-30 TIRZ #4 Meeting MinutesTAX INCREMENT REINVESTMENT ZONE #4 — MIDTOWN
BOARD OF DIRECTORS
MINUTES
November 30, 2015
The Board of Directors of the Tax Increment Reinvestment Zone #4 -- Midtown met on
Monday, November 30, 2015, in the Precouncil Conference Room of City Hall in the
Municipal Complex, 201 North Ector Drive, Euless Texas.
The following persons were in attendance:
Mayor Linda Martin, Chair
Mayor Pro Tem Tim Stinneford, Place 1
Council Member Eddie Price, Place 3
Council Member Linda Eilenfeldt, Place 4
Precinct 3 Administrator Rebecca Barksdale Tarrant County
Vice Chancellor for Finance Mark McClendon Tarrant County College District
City Manager Loretta Getchell, President
Assistant City Manager Chris Barker
City Secretary Kim Sutter
City Attorney Wayne Olson
Planning and Economic Development Director Mike Collins
Finance Director Janina Jewell, Treasurer
The following Director was not in attendance:
Vice President, Chief of Staff Scott Rule Tarrant County Hospital
Visitor
Council Member Harry Zimmer, Place 5
ITEM 1. CALL TO ORDER
Chair Linda Martin called the meeting to order at 6:08 p.m.
ITEM 2. ELECTED VICE- CHAIR.
Director Stinneford made a motion to nominate Director Price to serve as the Vice -Chair of
the Board. Seconded by Director Eilenfeldt, the motion carried by a unanimous vote.
ITEM 3. PRESENTATION OF PRELIMINARY PROJECT AND FINANCING PLAN
City Manager Loretta Getchell presented the preliminary project and financing plan,
including economic impact and project costs. She outlined the proposed participation levels
of the taxing entities, including Tarrant County, Tarrant County College District, and the
Tarrant County Hospital District.
T1RZ #4 Minutes Page 2 of 2 November 30, 2015
ITEM 4. APPROVED RESOLUTION NO. 2015-01 TIRZ#4
Upon motion by Vice -Chair Price and second by Director Eilenfeldt, Resolution No. 2015-
01 TIRZ#4, approving a project and financing plan for Tax Increment Reinvestment Zone
Number Four, was approved by unanimous vote.
ITEM 5. EXECUTIVE SESSION
No executive session was held.
A. Seek the advice of its attorneys concerning legal issues associated with any
posted agenda item and that are exempt from public disclosure under Article
X, Section 9 of the Texas State Bar Rules, as authorized by Section 551.071
of the Texas Government Code.
B. Deliberate concerning economic development negotiations as authorized by
Section 551 .087 of the Texas Government Code.
ITEM 6. ADJOURNED
There being no further business, the meeting was adjourned at 6:14 p.m.
APPROVED:
■r' .. actin_ Chair
Mayor
ATTEST:
Sutter, TRMC
City Secretary