HomeMy WebLinkAboutResolution 4577-01-2016 A Resolution
NO. 4577-01-2016
ACKNOWLEDGING THE APPOINTMENT OF THE CURRENT MEMBERS OF
THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE
NUMBER FIFTEEN, CITY OF FORT WORTH, TEXAS AND APPOINTING A
CHAIRPERSON FOR THE BOARD (STOCKYARDS/NORTHSIDE TIF)
WHEREAS, the City Council of the City of Fort Worth (the "City Council")
previously adopted Ordinance No. 21550-12-2014 creating Tax Increment Reinvestment
Zone Number Fifteen, City of Fort Worth, Texas (the "Reinvestment Zone"); and
WHEREAS, Ordinance No. 21550-12-2014 provides that the Reinvestment Zone
is to be overseen by a nine (9)-member Board of Directors (the "Board"), of which each
taxing unit that has approved the payment of all or part of the tax increment produced by
the unit into the tax increment fund for the Reinvestment Zone has the right to appoint
one (1) member each and the City Council has the right to appoint all remaining
members; and
WHEREAS, House Bill 2853, which was passed by the 82"d Texas Legislature and
took effect on June 17, 2011, amended Section 311.009 of the Texas Tax Code regarding
the appointment of members to the Board of tax increment reinvestment zones and
prevails over any conflicting provision of Ordinance No. 21550-12-2014; and
WHEREAS, Section 311.009(c) of the Texas Tax Code provides that Board
members shall be appointed for a term of two (2) years unless otherwise indicated; and
WHEREAS, the City Council has the right, at any time and for any reason, to
appoint an individual to the Board to replace any current member appointed by the City
Council for the remainder of that person's term; and
WHEREAS, Section 311.009(f) of the Texas Tax Code provides that the City
Council must appoint one (1) member of the Board to serve as the Board's chairperson
for a term of one (1) year beginning January 1 of the year:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT:
1. The City Council hereby acknowledges that the following persons have been
appointed to the Board by the following entities for terms expiring on the dates
indicated below:
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NAME APPOINTING ENTITY EXPIRATION OF TERM
Sal Espino City of Fort Worth December 31, 2016
Dennis Shingleton City of Fort Worth December 31, 2016
Teresa Ayala City of Fort Worth December 31, 2016
Hub Baker City of Fort Worth December 31, 2016
Gary Brinkley City of Fort Worth December 31, 2016
Jennifer Trevino City of Fort Worth December 31, 2016
Steve Townsend Tarrant County December 31, 2016
O.K. Carter Tarrant County College District December 31, 2016
Jim Lane Tarrant Regional Water District December 31, 2016
2. The City Council hereby appoints Sal Espino as the Board's chairperson for
calendar year 2016.
3. The City Council hereby reserves the right, at any time and for any reason, to
remove a Board member appointed by the City Council and to appoint
individuals to the Board to replace any of the City Council-appointed Board
members.
AND IT IS SO RESOLVED.
ADOPTED this 26 'h day of January, 2016
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