HomeMy WebLinkAboutResolution 5010-12-2018A Resolution
NO. 5010-12-2018
ACKNOWLEDGING THE APPOINTMENT OF THE CURRENT MEMBERS OF THE
BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER
TWO, CITY OF FORT WORTH, 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, m ay appoints 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. 12323; 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:
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
ORTWO
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indicated below:
NAME
Dennis Shingleton
Carlos Flores
Kenton Nelson
Phillip Vaden
Tom Kelly
Steve Sprowls
Ryder Warren
Tye Sheets Pierpont
Tan Parker
APPOINTING ENTITY
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
Northwest ISD
State Senator
Denton County
State Representative
EXPIRATION OF TERM
December 31, 2019
December 31, 2019
December 31, 2019
December 31, 2019
December 31, 2019
December 31, 2020
December 31, 2019
December 31, 2020
December 31, 2020
2 The City Council hereby appoints Dennis Shingleton as the Board's
chairperson for calendar year 2 0 19 .
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 I Ph day of December 2018
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ATTEST:
M.
Mary J. Kayser, City/ Secretary
FORTWORIM
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