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HomeMy WebLinkAboutResolution 5020-12-2018A Resolution NO. 5020-12-2018 APPOINTING CERTAIN MEMBERS TO THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER FOURTEEN, CITY OF FORT WORTH, TEXAS; ACKNOWLEDGING THE APPOINTMENT OF THE OTHER CURRENT MEMBERS OF THE BOARD AND APPOINTING A CHAIRPERSON FOR THE BOARD (TRINITY LAKES TIF) WHEREAS, the City Council of the City of Fort Worth (the "City Council") previously adopted Ordinance No. 20505-11-2012 creating Tax Increment Reinvestment Zone Number Fourteen, City of Fort Worth, Texas (the "Reinvestment Zone"); and WHEREAS, Ordinance No. 20505-11-2012 provides that the Reinvestment Zone is to be overseen by a seven (7) -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 82nd 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. 20505-11-2012; a n d WHEREAS, the terms for some Board members expire on December 31, 201 8, and the City Council wishes to make appointments to those places for terms beginning January 1, 2019, at this time; 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 appoints the persons listed below to the Board for terms beginning on January 1, 2019, and expiring as indicated below: ORTWOR�IT W_A NAME EXPIRATION OF TERM Gyna Bivens December 31, 2020 Ryan Martin December 31, 2020 2 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: AME APPOINTING ENTITY EXPIRATION OF TERM Cary Moon City of Fort Worth December 31, 2019 Bob Riley City of Fort Worth December 31, 2019 Mike Brennan City of Fort Worth December 31, 2019 Roderick Miles Tarrant County December 31, 2020 Linda Christie Tarrant Regional Water District December 31, 2020 3. The City Council hereby appoints Gyna Bivens as the Board's chairperson for calendar year 2019. 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 1 I"' day of December 2018 ATT IC Mar oRTWO T T