HomeMy WebLinkAboutResolution 4811-08-2017A Resolution
NO. 4811-08-2017
APPOINTING CARLOS FLORES TO THE BOARD OF DIRECTORS OF TAX
INCREMENT REINVESTMENT ZONE NUMBER TWO, CITY OF FORT WORTH,
TEXAS; ACKNOWLEDGING THE APPOINTMENT OF THE OTHER CURRENT
MEMBERS OF THE BOARD AND APPOINTING A CHAIRPERSON FOR THE
BOARD (SPEEDWAY TIF)
WHEREAS, the City Council of the City of Fort Worth (the "City Council")
previously adopted Ordinance No. 12323 creating Tax Increment Reinvestment Zone
Number Two, City of Fort Worth, Texas (the "Reinvestment Zone"); and
WHEREAS, Ordinance No. 12323 provides that the Reinvestment Zone is to be
overseen by a nine (9)-member Board of Directors (the "Board"), of which one (1) member
is the State Senator whose district lies within the Reinvestment Zone or a designee; one
(1) member is the State Representative whose district lies within the Reinvestment Zone
or a designee; the Northwest Independent School District and Denton County, if they have
elected to contribute tax increment to the Reinvestment Zone, may appoint one (1) member
each; and the City Council has the right to appoint all remaining members; and
WHEREAS, House Bili 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 inembers to the Board of tax increment reinvestment zones and prevails
over any conflicting provision of Ordinance No. 12323;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT:
l. The newly elected member of the City Council, Carlos Flores, District 2, is
hereby appointed to replace Sal Espino as members of the Board of Directors of
the Speedway TIF for the remainder of his term, expiring December 31, 2017
2. The City Council hereby acicnowledges that the following persons have been
appointed to the Board by the following entities for terms expiring on the dates
indicated below:
FORT,`. W0�
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Resolution No. 4811-08-2017
NAME
Dennis Shingleton
Tom Kelly
Kenton Nelson
Phillip Vaden
Tye Sheets Pierpoint
Mel Fuller
Tan Parker
Karen Rue
APPOINTING ENTITY
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
State Rept�esentative
State Senator
EXPIRATION OF TERM
December 31, 2017
December 31, 2017
December 31, 2017
December 31, 2017
December 31, 2018
December 31, 2018
December 31, 2018
December 31, 2017
3. The City Council hereby appoints Dennis Shingleton as the Board's chairpet•son
for calendar year 2017.
4. 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 lst day of August, 2017
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ATTEST; __
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Mary J, ayis �, , ty Secretary
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