2014_06.18 TIRZ Packet ic
KENNEDALE
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TAX INCREMEMENT REINVESTMENT ZONE ONE
NONCOTIGUIOUS GEOGRAPHIC AREA, NEW HOPE ROAD & BLOXOM PARK ROAD
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
June 18, 2014
CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE
REGULAR SESSION - 3:00 PM
I. CALL TO ORDER
II. ROLL CALL
III. REPORTS AND ANNOUNCEMENTS
A. Discuss the current status of the Kennedale TIRZ.
IV. MINUTES APPROVAL
A. Consider approval of minutes from October 26, 2012 meeting.
V. REGULAR ITEMS
A. Discuss and consider approval of a TIRZ Development Agreement with HM Real Estate
Management, Ltd. for reimbursement of project costs for the construction of public improvements in the
Project and Finance Plan for the City of Kennedale Tax Increment Reinvestment Zone#1.
VI.ADJOURNMENT
In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable
accommodations for persons attending City Council meetings. This building is wheelchair accessible, and
parking spaces for disabled citizens are available. Requests for sign interpreter services must be made
forty-eight (48) hours prior to the meetings. Please contact Amethyst Cirmo, City Secretary, at
817.985.2104 or(TDD) 1.800.735.2989
CERTIFICATION
I certify that a copy of the June 18, 2014, Tax Increment Reinvestment Zone#1 agenda was posted on the City Hall bulletin board
next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale, Texas, in a place convenient and
readily accessible to the general public at all times and said agenda was posted at least 72 hours preceding the schedule time of
said meeting,in accordance with Chapter 551 of the Texas Government Code.
Amethyst Irmo, City Secretary
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KENNEDALE
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www.cityofl,cennedale.com Staff Report to the Board of Directors
Date:June 18, 2014
Agenda Item No: REPORTS AND ANNOUNCEMENTS-A.
I. Subject:
Discuss the current status of the Kennedale TIRZ.
II. Originated by:
Amethyst G. Sloane, City Secretary and Communications Coordinator
III.Summary:
General update on the status of the TIRZ.
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
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KENNEDALE
You're Here,Your Home
www.cityofl,cennedale.com Staff Report to the Board of Directors
Date:June 18, 2014
Agenda Item No: MINUTES APPROVAL-A.
I. Subject:
Consider approval of minutes from October 26, 2012 meeting.
II. Originated by:
Amethyst G. Sloane, City Secretary and Communications Coordinator
III.Summary:
Minutes are attached for approval.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. Iminutes 110.26.2012 TIRZ Minutes.doc
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KENNEDALE
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www.cityofl,cennedale.com
TAX INCREMEMENT REINVESTMENT ZONE ONE
NONCOTIGUIOUS GEOGRAPHIC AREA, NEW HOPE ROAD & BLOXOM PARK ROAD
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
October 26, 2012
CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
The meeting was called to order at 2:17PM.
II. ROLL CALL
Present: Jeni McGarry, Frank Fernandez, Rebecca Mowell, Pat Turner,
Absent: Mark McLendon, Robert Mundy, Scott Rule
Katie Lattimore, Karen Kyser, Jack Thompson, Lisa McMillian, and Bob Hart were also present.
III. REGULAR ITEMS
A. Introduction of TIRZ board members.
All board members present were introduced.
B. Consider electing a Vice Chair.
Motion To appoint Pat Turner as the Vice Chair., Action Approve, Moved By Rebecca Mowell,
Seconded By Frank Fernandez
Motion Passed Unanimously
C. General review of Kennedale development activity and plans related to the proposed Tax Increment
Refinancing Zone.
Bob Hart gave a brief overview of the planned activity related to the proposed TIRZ plan.
D. Review and consider approval of the Tax Increment Reinvestment Zone Number One,
Noncontiguous Geographic Areas, New Hope Road and Bloxom Park Road, City of Kennedale plan.
Motion To approve the Tax Increment Reinvestment Zone Number One, Noncontiguous Geographic
Areas, New Hope Road and Bloxom Park Road, City of Kennedale plan as presented., Action
Approve, Moved By Frank Fernandez, Seconded By Jeni McGarry
Motion Passed Unanimously
E. Review and consider approval of the Tax Increment Reinvestment Zone Number One,
Noncontiguous Geographic Areas, New Hope Road and Bloxom Park Road, City of Kennedale
financing plan.
Motion To approve the Tax Increment Reinvestment Zone Number One, Noncontiguous Geographic
Areas, New Hope Road and Bloxom Park Road, City of Kennedale financing plan as presented.,
Action Approve, Moved By Rebecca Mowell, Seconded By Jeni McGarry
Motion Passed Unanimously
F. Discuss future meeting schedule.
The next meeting is scheduled for January 28, 2013 at 2:00 PM.
IV.ADJOURNMENT
Motion To adjourn., Action Adjourn, Moved By Rebecca Mowell, Seconded By Frank Fernandez
Motion Passed Unanimously
The meeting was adjourned at 3:15PM.
KENNEDALE
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www.cityofl<ennedale.com Staff Report to the Honorable Mayor and City Council
Date: June 18, 2014
Agenda Item No: REGULAR ITEMS-A.
I. Subject:
Discuss and consider approval of a TIRZ Development Agreement with HM Real Estate Management,
Ltd. for reimbursement of project costs for the construction of public improvements in the Project and
Finance Plan for the City of Kennedale Tax Increment Reinvestment Zone#1.
II. Originated by:
Bob Hart
III. Summary:
Bob Hart will provide information on this item during the meeting. The resolution was passed by
Kennedale City Council on June 3, 2014. The agreement requires approval of the TIRZ Board and the
signature of the President, Robert Mundy.
IV. Fiscal Impact Summary:
V. Legal Impact:
VI. Recommendation:
Approve
VII.Alternative Actions:
VIII.Attachments:
1. R426 &TIRZ Development Agreement JR426 - Final Version of TIRZ Agreement May 30 2014. df