Agenda Packet TIRZ No. 1 03/12/2014TIF Board
Trophy Club Entities
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Public Services Conference Room6:00 PMWednesday, March 12, 2014
CALL TO ORDER AND ANNOUNCE A QUORUM
CITIZEN PRESENTATIONS
REGULAR SESSION
1.2014-1003-T Discuss and take appropriate action regarding the January 27, 2014
Minutes.
001 January 27 2014 TIF Minutes.pdfAttachments:
2.2014-1004-T Discuss and take appropriate action regarding the next meeting date.
EXECUTIVE SESSION
3.2014-1005-T Pursuant to Texas Government Code, Annotated, Subchapter 551, the TIF
Board will convene into closed executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiations
to 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.
RECONVENE INTO REGULAR SESSION
4.2014-1006-T Consider and take appropriate action regarding Executive Session.
ADJOURN
Notice is hereby given that a quorum of the Town Council may be in attendance at
this meeting.
TIF Board Page 1 of 8 Wednesday, March 12, 2014
March 12, 2014TIF Board Meeting Agenda
CERTIFICATION
I certify that the above notice was posted on the front window of the Svore Municipal
Building, 100 Municipal Drive, Trophy Club, Texas, on Friday, March 7, 2014 by 7:00
P.M. in accordance with Chapter 551, Texas Government Code.
______________________________________________________________
Alora M. Wachholz
Economic Development & Marketing Coordinator
If you plan to attend this public meeting and have a disability that requires special
needs, please contact the Town Secretary’s Office at 682-831-4600, 48 hours in
advance and reasonable accommodations will be made to assist you.
I certify that the attached notice and agenda of items to be considered by this Board
was removed by me from the front window of the Svore Municipal Building, 100
Municipal Drive, Trophy Club, Texas, on the __________ day of
______________________, 2014.
________________________________, Title: ___________________________
TIF Board Page 2 of 8 Wednesday, March 12, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1003-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:3/7/2014 TIF Board
On agenda:Final action:3/12/2014
Title:Discuss and take appropriate action regarding the January 27, 2014 Minutes.
Attachments:001 January 27 2014 TIF Minutes.pdf
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the January 27, 2014 Minutes.
TIF Board Page 3 of 8 Wednesday, March 12, 2014
1
MINUTES OF REGULAR SESSION FOR THE
TAX INCREMENT REINVESTMENT ZONE (TIF) NO. 1 BOARD
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, January 27, 2014
6:00 PM
STATE OF TEXAS
COUNTY OF DENTON
The Tax Increment Reinvestment Zone (TIF) No. 1 Board of the Town of Trophy Club, Texas,
met in Regular Session on January 27, 2014. The meeting was held within the boundaries of
the Town and was open to the public.
TIF DIRECTORS PRESENT:
David Brod
Adam Broyles
Darrell Howard
Jared King
Carolyn Sims
STAFF AND GUEST(S) PRESENT:
Stephen Seidel Assistant Town Manager
Alora Wachholz Economic Development & Marketing Coordinator
David Pettit Guest Presenter
Call to order and announce a quorum at 6:00 PM. (Stephen Seidel called meeting)
CITIZEN PRESENTATIONS
REGULAR SESSION
1. Discuss and take appropriate action regarding appointing a temporary TIF Board
Chair to conduct January 27, 2014 meeting.
Assistant Town Manager Stephen Seidel explained that the Town Council would need to
formally appoint a Chair for the TIF Board and asked that a temporary Chair be assigned by the
TIF Board to fill in until the Town Council has appointed a permanent Chair. He also requested
the Board determine a recommendation for permanent Chair. Board Member Brod volunteered
himself as a potential option for temporary and permanent Chair.
A motion to approve Board Member Brod as Temporary and Permanent Chair was made by
Board Member King and seconded by Board Member Broyles. The motion was approved
unanimously.
2. Discuss and take appropriate action regarding election of a Vice -Chair, and
recommending a permanent Chair to the Town Council.
Board Chair Brod requested a volunteer to serve as Vice Chair. Board Member Broyles
volunteered himself.
Board Member King made a motion to approve Board Member Broyles as the new Vice Chair.
The motion was approved unanimously.
TIF Board Page 4 of 8 Wednesday, March 12, 2014
2
3. Presentation by David Pettit of Preliminary Project and Financing Plan for Tax
Increment Reinvestment Zone No. 1.
A brief introduction was given to David Pettit. He identified the TIRZ No. 1 boundaries,
discussed current and planned development, potential project improvements within the TIF
zone, and an explanation and outline of the financial analysis created for the project. The
presentation concluded with some general next steps for the process. There was discussion
regarding how TIF-generated monies could be used for incentive options.
4. Discuss and take appropriate action regarding a Resolution approving the
Preliminary Project and Financing Plan for Tax Increment Reinvestment Zone
No.1.
Vice Chair Broyles made a motion to recommend approval of Resolution No. RZ1 – 2012-01
and Chair Brod seconded. The motion was approved unanimously.
5. Requests for Future Agenda Items.
Assistant Town Manager Stephen Seidel offered a potential option for Community Development
Director Carolyn Huggins to come to a future TIF Board meeting and present an overview of
Trophy Club’s zoning and platting procedures. The Board agreed it would be beneficial to learn
the requirements.
EXECUTIVE SESSION
1. Pursuant to Texas Government Code, Annotated, Subchapter 551, the TIF Board
will convene into closed executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiations to
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.
Chair Brod convened Executive Session at 7:21 p.m.
RECONVENE INTO REGULAR SESSION
Chair Brod reconvened into Regular Session at 7:32 p.m.
ADJOURN
Board Member Howard moved to adjourn the meeting at 7:32 p.m. Board Member King
seconded. The motion passed unanimously.
______________________________ _______________________________
David Brod, Chair Adam Broyles, Vice Chair
TIF Board Page 5 of 8 Wednesday, March 12, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1004-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:3/7/2014 TIF Board
On agenda:Final action:3/12/2014
Title:Discuss and take appropriate action regarding the next meeting date.
Attachments:
Action ByDate Action ResultVer.
Discuss and take appropriate action regarding the next meeting date.
TIF Board Page 6 of 8 Wednesday, March 12, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1005-T Name:
Status:Type:Agenda Item Executive Session
File created:In control:3/7/2014 TIF Board
On agenda:Final action:3/12/2014
Title:Pursuant to Texas Government Code, Annotated, Subchapter 551, the TIF Board will convene into
closed executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiations to 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.
Attachments:
Action ByDate Action ResultVer.
Pursuant to Texas Government Code, Annotated, Subchapter 551, the TIF Board will convene into closed
executive session as authorized by:
Section 551.087 Deliberation Regarding Economic Development Negotiations to 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.
TIF Board Page 7 of 8 Wednesday, March 12, 2014
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12014-1006-T Name:
Status:Type:Agenda Item Regular Session
File created:In control:3/7/2014 TIF Board
On agenda:Final action:3/12/2014
Title:Consider and take appropriate action regarding Executive Session.
Attachments:
Action ByDate Action ResultVer.
Consider and take appropriate action regarding Executive Session.
TIF Board Page 8 of 8 Wednesday, March 12, 2014