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HomeMy WebLinkAboutResolution 5719-03-2023A Resolution No. 5719-03-2023 APPOINTING CERTAIN PERSONS TO THE BOARD OF DIRECTORS TO FILL VACANCIES ON CERTAIN OF THE CITY'S TAX INCREMENT REINVESTMENT ZONES; AMENDING RESOLUTION NO. 5673-12-2022 TO CORRECT THE NUMBER OF BOARD APPOINTMENTS BY THE CITY OF FORT WORTH AND TARRANT REGIONAL WATER DISTRICT WHEREAS , the City Council of the City of Fort Worth ("City Council" and "City", respectively) previously created the following Tax Increment Reinvestment Zones ("TIF(s)") via the respective ordinances referenced below ("Creation Ordinance(s)"): a. Tax Increment Reinvestment Zone Two (Ordinance No. 12323) b. Tax Increment Reinvestment Zone Three (Ordinance No. 12324) C. Tax Increment Reinvestment Zone Four (Ordinance No. 13259) d . Tax Increment Reinvestment Zone Six (Ordinance No. 15325) e. Tax Increment Reinvestment Zone E ight (Ordinance No. 15775) f. Tax Increment Reinvestment Zone Nine (Ordinance No. 15797) g. Tax Increment Reinvestment Zone Ten (Ordinance No. 16002) h . Tax Increment Reinvestment Zone Twelve (Ordinance No. 17061-07-2006) 1. Tax Increment Reinvestment Zone Thirteen (Ordinance No. 17889-11-2007) J . Tax Increment Reinvestment Zone Fourteen (Ordinance No. 20505-11-2012) k. Tax Increment Reinvestment Zone Fifteen (Ordinance No. 21550-12-2014); WHEREAS, each Creation Ordinance provides that each of the TIFs are governed by a Board of Directors ("Board"), which may include appointments by the City Council and other participating taxing entities; WHEREAS , House Bill 2853, which was passed by the 82 nd Texas Legislature and took effect on June 17, 2011 , amended Texas Tax Code Section 311.009 regarding appointment of Board members of tax increment reinvestment zones and prevails over any conflicting provision of Creation Ordinances dated prior to June 17 , 2011; WHEREAS , it is necessary to replace certain TIF Board Directors and fill vacancies on certain TIF Boards and the City Council wishes to make appointments to those places for term s as stated on Exhibit A; WHEREAS, the Tax Increment Reinvestment Zone Nine establishing Ordinance and amendments thereto which create the number of Board appointees from each respective taxing entity gives the City eleven (11) Board appointments and the Tarrant Regional Water District ("TRWD") one (1) Board appointment; WHEREAS, Resolution No. 5673-12-2022 incorrectly stated that the City has ten (10) board appointments to Tax Increment Reinvestment Zone Nine and TRWD has two (2) Board appointments to Tax Increment Reinvestment Zone Nine; WHEREAS, the City Council desires to amend Resolution No. 5673-12-2022 to correct the number of Board appointments so that the City has eleven (11) board appointments to Tax Increment Reinvestment Zone Nine and TRWD has one (1) Board appointments to Tax Increment Reinvestment Zone Nine; WHEREAS , Texas Tax Code Section 311.009(c) provides that Board members will 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. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT: 1. The City Council appoints each person identified in Exhibit A to represent the City of Fort Worth on the Board of each respective TIF for terms as stated thereon. 2. Resolution No. 5673-12-2022 is hereby amended to increase the number of the City's Board appointments to Tax Increment Reinvestment Zone Nine to eleven (11) and reduce the number of TRWD's Board appointments to Tax Increment Reinvestment Zone Nine to one (1 ). The appointment of Leah King hereto in Exhibit A by the City represents the City's eleventh appointment to the Board of Tax Increment Reinvestment Zone Nine . 3. The City Council reserves the right, at any time and for any reason, to remove a Board member or chairperson appointed by the City Council and to appoint individuals to the Board or as chairpersons to replace any of the City Council appointed Board members or chairpersons. AND IT IS SO RESOLVED. ADOPTED this March 21 , 2023. ATTEST: ~A~ By: U Jannette S. Goodall, City Secretary Exhibit A Replaced Director /Vacant New Board TIF Board position Appointee Term Expires Tl F 02 Speedway Phillip Vaden Neil Barrow 12/31/2023 TIF 09 Trinity River Vision James Hill Stacey Pierce 12/31/2023 TIF 09 Trinity River Vision Susan Alanis Felipe Gutierrez 12/31/2024 TIF 09 Trinity River Vision Vacant Leah King 12/31/2024 ------! TIF 12 East Berry Pamela Corbett Renaissance Vacant Murrin 12/31/2024 TIF 12 East Berry Renaissance Vacant Christopher Lewis 12/31/2024