Agenda Packet TIRZ No. 1 08/24/2016
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TIRZ BoardPage 1 of 17August 24, 2016
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________________________________ " 54/3>"___________________________
TIRZ BoardPage 2 of 17August 24, 2016
Town of Trophy Club 100 Municipal Drive
Trophy Club, Texas 76262
Legislation Details (With Text)
File #:2016-498-T Version:1 Name:
Type:Agenda Item Status:Regular Session
File created:8/17/2016 In control:TIRZ Board
On agenda:8/24/2016 Final action:
Title:Consider and take appropriate action regarding the TIRZ No. 1 Board Minutes dated March 12, 2014,
March 24, 2014 and October 26, 2015.
Attachments:March 12 2014 TIRZ Minutes.DRAFT.pdf
March 24 2014 TIRZ Minutes.DRAFT.pdf
October 25 2015 TIRZ Minutes.DRAFT.pdf
DateVer.Action ByActionResult
ConsiderandtakeappropriateactionregardingtheTIRZNo.1BoardMinutesdatedMarch12,2014,March24,2014
and October 26, 2015.
TIRZ BoardPage 3 of 17August 24, 2016
MINUTES OF REGULAR SESSION FOR THE
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Wednesday, March 12, 2014
6:00 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Tax Increment Reinvestment Zone (TIRZ) No. 1 Boardof the Town of Trophy Club, Texas,
met in Regular Session on March 12, 2014. The meeting was held within the boundaries of the
Town and was open to the public.
TIFDIRECTORS PRESENT:
Adam Broyles – Vice Chair
Jared King – Member
Carolyn Sims – Member
Darrell Howard – Member Arrived at 7:00 p.m.
DIRECTORS ABSENT:
David Brod – Chair
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
Assistant Town ManagerAssistant Town Manager
Alora Wachholz Economic Development & Marketing Coordinator
Economic Development & Marketing CoordinatorEconomic Development & Marketing Coordinator
Vice Chair Broyles called the meeting to order and announced a quorumat6:08 p.m.
to order and announceto order and announce
g
CITIZEN PRESENTATIONS
CITIZEN PRESENTATIONSCITIZEN PRESENTATIONS
REGULAR SESSION
1.Discuss and take appropriate action regarding the January 27, 2014 Minutes.
Discuss and take appropriate action regarding the January 27, 2014 Minutes.Discuss and take appropriate action regarding the January 27, 2014 Minutes.
Board Member Jared King made a motion to approve the January 27, 2014 Minutes as
Board Member Jared King made a motion to approve the January 27, 2014 Minutes as Board Member Jared King made a motion to approve the January 27, 2014 Minutes as
presentedand Board Member Carolyn Sims seconded. The motion passed unanimously.
and Board Member Carolyn Sims seconded. The motion passed unanimously.and Board Member Carolyn Sims seconded. The motion passed unanimously.
2.Discuss and take appropriate action regarding the next meeting date.
This item was moved to consideration after Executive Session. No action was taken.
EXECUTIVE SESSION
3.Pursuant to Texas Government Code, Annotated, Subchapter 551, the TIF Board
willconvene into closed executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiationsto
discuss or deliberate the offer of financial or other incentives to a business
prospect that the Town seeks to have locate within the territory of the Town.
Vice Chair Adam Broyles convened Executive Session at6:10 p.m.
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TIRZ BoardPage 4 of 17August 24, 2016
Vice Chair Adam Broyles reconvened into Regular Session at 7:30 p.m.
RECONVENE INTO REGULAR SESSION
4.Consider and take appropriate action regarding Executive Session.
No action was taken.
ADJOURN
Board Member Darrell Howard moved to adjournthe meetingat 7:30 p.m. and Board Member
Carolyn Sims seconded. The motion passed unanimously.
_____________________________ __________________________________
David Brod,Chair Robbie Killingsworth, Recording Secretary
Robbie Killingsworth, Recording Secretary
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MINUTES OF REGULAR SESSION FOR THE
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 26, 2015
6:30 p.m.
STATE OF TEXAS
COUNTY OF DENTON
The Tax Increment Reinvestment Zone (TIRZ)No. 1Boardof the Town of Trophy Club, Texas,
met in Regular Session on October 26, 2015. The meeting was held within the boundaries of
the Town and was open to the public.
TIRZDIRECTOR(S) PRESENT:
David Brod Chair
Terry Kesterson Vice Chair
Rajesh Nakhwa Member
Rebecca Barksdale Member, Tarrant County Official
Tarrant County Official
TIRZDIRECTOR(S) ABSENT:
Darrell Howard Member
Member
STAFF AND GUEST(S) PRESENT:
STAFF AND GUEST(S) PRESENT:STAFF AND GUEST(S) PRESENT:
Stephen Seidel Town Manager
Stephen Seidel
Town ManagerTown Manager
Robbie Killingsworth Recording Secretary
Recording SecretaryRecording Secretary
Robbie Killingsworth
Chris Gordon Old Town Development
Old Town DevelopmentOld Town Development
Tarrant County EDC Coordinator
Lisa McMillan
Tarrant County EDC Coordinator
Call to order and announce a quorumat 6:36p.m.by Chair Brod.
Call to order and announce a quorum
CITIZEN PRESENTATIONS
REGULAR SESSION
1.Consider and take appropriate action by TIRZ No. 1 Board to appoint a Vice Chair.
A motion to appointTerry Kesterson as Vice Chairwas madeby Chair Brod, seconded by
Board MemberNakhwa. The motion was approved unanimously.
2.Discuss and take appropriate action regarding the November 25, 2014 Minutes.
A motion to approve the November 25, 2014 TIRZ No.1Board Minutes as presented was made
by Chair Brod,seconded by Board Member Kesterson. The motion was approved unanimously.
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TIRZ BoardPage 11 of 17August 24, 2016
3. Discuss and take appropriate action regarding an Economic Development
Agreement between Tax Increment Reinvestment Zone No. 1 and Old Town
Development.
A motion to approve the Economic Development Agreement as presented was made by Chair
Brod, seconded by Board Member Kesterson. The motion was approved unanimously.
ADJOURN
Chair Brodmoved to adjournthe meetingat 7:04p.m.,seconded by Board Member Kesterson.
seconded by Board Member Kesterson.
The motion was approved unanimously.
______________________________ _______________________________
____________________________________________________________
David Brod Robbie Killingsworth
David Brod
Chair Recording Secretary
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TIRZ BoardPage 12 of 17August 24, 2016
Town of Trophy Club 100 Municipal Drive
Trophy Club, Texas 76262
Legislation Details (With Text)
File #:2016-499-T Version:1 Name:
Type:Agenda Item Status:Regular Session
File created:8/17/2016 In control:TIRZ Board
On agenda:8/24/2016 Final action:
Title:Consider and take appropriate action regarding the Amendment to Town and TIRZ portions of
Agreement with OTD TC, LLC and OTD TC2, LLC; and authorizing the Chair to execute all necessary
documents.
Attachments:Amendment to Town and TIRZ Portions of Agreement.pdf
DateVer.Action ByActionResult
ConsiderandtakeappropriateactionregardingtheAmendmenttoTownandTIRZportionsofAgreementwithOTDTC,
LLC and OTD TC2, LLC; and authorizing the Chair to execute all necessary documents.
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