Agenda Packet TIRZ No. 1 05/28/2019
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TIRZ Board1 of 7Meeting Date: Tuesday, May 28, 2019
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TIRZ Board2 of 7Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-237-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019TIRZ Board
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding the TIRZ No. 1 minutes dated January 29, 2019.
Attachments:
DRAFT Joint Session Minutes 01.29.2019.pdf
DateVer.Action ByActionResult
Consider and take appropriate action regarding the TIRZ No. 1 minutes dated January 29 Ͳ 2019.
TIRZ Board3 of 7Meeting Date: Tuesday, May 28, 2019
TOWN OF TROPHY CLUB
TAX INCREMENT REINVESTMENT ZONE No. 1 & ECONOMIC DEVELOPMENT CORPORATION 4B JOINT SESSION
MINUTES
TUESDAY, JANUARY 29, 2019, 6:00 P.M.
LOCATION: 1 TROPHY WOOD DRIVE, TROPHY CLUB, TEXAS
COUNCIL CHAMBERS
The Economic Development Corporation (EDC) 4B and the Tax Increment Reinvestment Zone (TIRZ) of the Town of
Trophy Club, Texas, met in a Joint Session on Tuesday, January 29, 2019. The meeting was held within the
boundaries of the Town and was open to the public.
EDC 4B MEMBERS PRESENT:
Sean Bone President
Cory McDonald Vice President
Michael Richmond Secretary/Treasurer
John Nordberg Director
Travis Inge Director
Chris Whipple Director
EDC 4B MEMBERS ABSENT:
Jared Hall Director
STAFF PRESENT:
Thomas Class Town Manager
Jonathan Phillips Director of Administrative & Financial Services
John Zagurski Finance Manager
Julie Smestad Recording Secretary
TAX INCREMENT REINVESTMENT ZONE (TIRZ) NO. 1 PRESENT:
Travis Inge Chairperson
Cory McDonald Director
Michael Richmond Director
Rebecca Barksdale Tarrant County Official
TIRZ NO. 1 ABSENT:
Jared Hall Vice Chairperson
STAFF PRESENT:
Thomas Class Town Manager
Jonathan Phillips Director of Administrative & Financial Services
John Zagurski Finance Manager
Julie Smestad Recording Secretary
President Bone and Chairperson Inge announced the date of Tuesday, January 29, 2019, called the joint EDC 4B
and TIRZ Board Regular Session meeting to order and announced a quorum at 6:02 p.m.
CITIZEN PRESENTATIONS
Citizens are allowed four (4) minutes to address the Corporation regarding an item over which the Corporation has
policy or oversight authority as provided by Texas law, the ethics order, or other policy order.
Brian Brennan, 2748 Chatswood Dr., Trophy Club spoke about ethics and stated if any kind of relationship exists
between OTD and/or OTD ownership with board or council members, it should be reported.
TIRZ Board4 of 7Meeting Date: Tuesday, May 28, 2019
REGULAR (JOINT) SESSION
1.Consider and take appropriate action regarding the TIRZ minutes dated June 12, 2018.
Motion:
Motion made by Director Richmond, seconded by Chairperson Inge, to approve the June 12, 2018 TIRZ minutes.
Motion carried 4-0-0 (TIRZ)
2.Fiscal Year 2019 Budget:
A)Consider and take appropriate action to amend an economic development agreement with OTD TC, LLC.
Staff presentation made with discussion by Board Members. Resident (Mayor) Nick Sanders spoke providing
historical data about the agreement dates. Chairperson Inge made a motion to recommend approval of the
amended agreement with OTD TC, LLC to obtain the certificate of occupancy with an amended date of
05/31/2019. Original agreement required obtaining the certificate(s) of occupancy by the date of December 31,
2019 and the motion amended that date to May 31, 2019. Motion was seconded by Director Richmond.
Motion carried 4-0-0 (TIRZ)
3.Consider and take appropriate action regarding the EDC 4B minutes dated December 18, 2018.
Motion:
Motion made by Secretary/Treasurer Richmond, seconded by Director Inge, to approve the December 18, 2018 EDC 4B
minutes.
Motion carried 7-0-0 (EDC 4B)
4.Fiscal Year 2019 Budget:
A)Consider and take appropriate action to amend an economic development agreement with OTD TC, LLC.
Staff presentation made with discussion by Board Members. Resident (Mayor) Nick Sanders spoke providing
historical data about the agreement dates. EDC President Bone made a motion to recommend approval of the
amended agreement with OTD TC, LLC to obtain the certificate of occupancy with an amended date of
05/31/2019. Original agreement required obtaining the certificate(s) of occupancy by the date of December
31, 2019 and the motion amended that date to May 31, 2019. Motion was seconded by Director Whipple.
Motion carried 7-0-0 (EDC 4B)
ADJOURN
Motion:
Motion made by Director Inge (TIRZ), seconded by Vice President McDonald (EDC 4B), to adjourn the meeting at
6:21 p.m.
Motion carried 7-0-0.
___________________________________ ___________________________________
Julie Smestad, Administrative Specialist Travis Inge, Chairperson
Town of Trophy Club, Texas Town of Trophy Club, Texas
TIRZ Board5 of 7Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-230-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter
551 (Texas Open Meetings Act), the Corporation will convene into executive session to discuss the
following:
A) Section 551.087 Deliberation regarding Economic Development Negotiations under Subsection (1)
to discuss or deliberate regarding commercial or financial information that the governmental body has
received from a business prospect that the governmental body seeks to have locate, stay, or expand
in or near the territory of the governmental body and with which the governmental body is conducting
economic development negotiations and Subsection (2) to deliberate the offer of a financial or other
incentive to a business prospect that the Town seeks to have locate within the territory of the Town:
1)Agreements with OTD
Attachments:
DateVer.Action ByActionResult
PursuanttothefollowingdesignatedsectionsoftheTexasGovernmentCode,Annotated,Chapter551(TexasOpen
Meetings Act), the Corporation will convene into executive session to discuss the following:
A)Section551.087DeliberationregardingEconomicDevelopmentNegotiationsunderSubsection(1)todiscussor
deliberateregardingcommercialorfinancialinformationthatthegovernmentalbodyhasreceivedfromabusiness
prospectthatthegovernmentalbodyseekstohavelocate,stay,orexpandinorneartheterritoryofthegovernmental
bodyandwithwhichthegovernmentalbodyisconductingeconomicdevelopmentnegotiationsandSubsection(2)to
deliberatetheofferofafinancialorotherincentivetoabusinessprospectthattheTownseekstohavelocatewithin
the territory of the Town:
1)Agreements with OTD
TIRZ Board6 of 7Meeting Date: Tuesday, May 28, 2019
1 Trophy Wood Drive
Town of Trophy Club
Trophy Club, Texas 76262
Legislation Details (With Text)
File #: Version:Name:
2019-231-T1
Type:Status:
Agenda ItemRegular Session
File created:In control:
5/21/2019Economic Development Corporation 4B (EDC 4B)
On agenda:Final action:
5/28/2019
Title:
Consider and take appropriate action regarding the Executive Session.
Attachments:
DateVer.Action ByActionResult
Consider and take appropriate action regarding the Executive Session.
TIRZ Board7 of 7Meeting Date: Tuesday, May 28, 2019