HomeMy WebLinkAbout(0105) RESOLUTION - Stockyards Northside TIF (2)A Resolution
NO.
APPOINTING JARED WILLIAMS AND FROST PRIOLEAU TO FILL THE
REMAINDER OF UNEXPIRED TERMS ON THE BOARD OF THE BOARD OF
DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER FIFTEEN,
CITY OF FORT WORTH, TEXAS (STOCKYARDS/NORTHSIDE TIF)
WHEREAS, the City Council of the City of Fort Worth ("City Council") previously
adopted Ordinance No. 21550-12-2014 creating Tax Increment Reinvestment Zone Number
Fifteen, City of Fort Worth, Texas ("Reinvestment Zone");
WHEREAS, Ordinance No. 21550-12-2014 provides that the Reinvestment Zone is to
be overseen by a nine (9)-member Board of Directors ("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;
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. 21550-12-2014;
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, on December 3, 2019, the City Council appointed Dennis Shingleton and
Hub Baker to serve on the Board for a term expiring on December 31, 2021 (Resolution No.
5162-12-2019);
WHEREAS, Dennis Shingleton and Hub Baker will no longer serve on the Board:
WHEREAS it is necessary for the City Council to appoint a person to fill such vacancies
on the Board for the remainder of the terms currently in effect; 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.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT:
1. The City Council hereby appoints Jared Williams and Frost Prioleau to serve the
remainder of Dennis Shingleton and Hub Baker's respective terms as indicated below:
NAME APPOINTING ENTITY EXPIRATION OF TERM
Jared Williams City of Fort Worth December 31, 2021
Frost Prioleau City of Fort Worth December 31, 2021
2. 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 241h day of August, 2021
ATTEST:
By:
Ronald P. Gonzales, Acting City Secretary