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HomeMy WebLinkAboutResolution 5011-12-2018A Resolution NO. 5011-12-2018 ACKNOWLEDGING THE APPOINTMENT OF THE OTHER CURRENT MEMBERS OF THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER THREE, CITY OF FORT WORTH AND APPOINTING A CHAIRPERSON FOR THE BOARD (DOWNTOWN TIF) WHEREAS, the City Council of the City of Fort Worth (the "City Council") previously adopted Ordinance No. 12324 creating Tax Increment Reinvestment Zone Number Three, City of Fort Worth, Texas (the "Reinvestment Zone"); and WHEREAS, Ordinance No. 12324 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 Fort Worth Independent School District, Tarrant County College District, and Tarrant 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 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. 12324; 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 terms for the current Board members appointed by the City Council all expire on December 31, 2019 and, thus there is no need to appoint or re -appoint any members to the Board at this time; 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: ORT WOR�TI 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: NAME Bryan Byrd Ann Zadeh Johnny Campbell Dr. Eugene Giovannini Scott Rule Adrian Murray Roy C. Brooks Leah King Rep. Nicole Collier APPOINTING ENTITY City of Fort Worth City of Fort Worth City of Fort Worth Tarrant County College District Tarrant County Hospital District State Senator Tarrant County Tarrant County Water District State Representative EXPIRATION OF TERM December 31, 2019 December 31, 2019 December 31, 2019 December 31, 2019 December 31, 2019 December 31, 2019 December 31, 2020 December 31, 2020 December 31, 2020 2 The City Council hereby appoints Ann Zadeh as the Board's chairperson for calendar year 2019. 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 l 11h day of December 2018 O<� � o... ATTEST: C-):—1 By' --- — — -- --i— ---- 2 Mary J. Kayser, C� Secretary '♦ ,TExAs RTN lk-A