HomeMy WebLinkAbout(0065) RESOLUTION - 2020 TIF 2 Speedway (3)A Resolution
NO.
APPOINTING CERTAIN MEMBERS 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 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, the terms for some Board members expire on December 31, 2018,
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 on January 1, 2020:
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 January 1, 2020, and expiring as indicated below:
NAME
Dennis Shingleton
Carlos Flores
Kenton Nelson
Phillip Vaden
Tom Kelly
APPOINTING ENTITY
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
City of Fort Worth
EXPIRATION OF TERM
December 31, 2021
December 31, 2021
December 31, 2021
December 31, 2021
December 31, 2021
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:
NAME APPOINTING ENTITY EXPIRATION OF TERM
Steve Sprowls Northwest ISD December 31, 2020
Ryder Warren State Senator December 31, 2021
Tye Sheets Pierpont State Representative December 31, 2020
Tan Parker State Representative December 31, 2020
3. The City Council hereby appoints Dennis Shingleton as the Board's
chairperson for calendar year 2020.
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 3rd day of __December—, 2019
ATTEST:
By: .............. -------------------
Mary Kayser, City Secretary