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2014_10.28 TDD Packet ic KENNEDALE You're Here,Your Home www.cityofl,cennedale.com TOWNCENTER DEVELOPMENT DISTRICT AGENDA BOARD OF DIRECTORS - REGULAR MEETING October 28, 2014 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE REGULAR SESSION - 6:45 PM I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of minutes from October 22, 2013 meeting. IV. REGULAR ITEMS A. Consider setting an assessment rate and values for Fiscal Year 2014-2015 for the Kennedale TownCenter. V.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 the City Secretary at 817.985.2104 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the October 28, 2014, TownCenter Development District 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. City Secretary ic KENNEDALE You're Here,Your Home www.cityofl,cennedale.com Staff Report to the Board of Directors Date: October 28, 2014 Agenda Item No: MINUTES APPROVAL-A. I. Subject: Consider approval of minutes from October 22, 2013 meeting. II. Originated by: III.Summary: Minutes for your approval IV. Recommendation: V. Alternative Actions: VI. Attachments: 1. 12013 Minutes 110.22.2013 TDD Minutes.doc ic KENNEDALE You're Here,Your Home www.cityofl,cennedale.com TOWNCENTER DEVELOPMENT DISTRICT MINUTES BOARD OF DIRECTORS - REGULAR MEETING October 22, 2013 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE I. CALL TO ORDER Chair Robert Mundy called the meeting to order at 7:00 PM. II. ROLL CALL Present: Robert Mundy, Brian Johnson, Frank Fernandez, John Clark Absent: Donnie Graham III. MINUTES APPROVAL A. Consider approval of minutes from October 30, 2012 meeting. Motion To approve the minutes as presented. Action Approve, Moved By John Clark, Seconded By Frank Fernandez. Motion Passed Unanimously IV. REGULAR ITEMS A. Consider setting an assessment rate and values for Fiscal Year 2013-2014 for the Kennedale TownCenter. Motion To set the 2013-2014 assessment rate at 2.880965 as presented. Action Approve, Moved By John Clark, Seconded By Frank Fernandez Motion Passed Unanimously V.ADJOURNMENT Motion To adjourn Action Adjourn, Moved By John Clark, Seconded By Frank Fernandez. Motion Passed Unanimously The meeting was adjourned at 7:05 PM. APPROVED: ATTEST: Chair Robert Mundy City Secretary, Kelly Cooper ic KENNEDALE You're Here,Your Home www.cityofl,cennedale.com Staff Report to the Board of Directors Date: October 28, 2014 Agenda Item No: REGULAR ITEMS-A. I. Subject: Consider setting an assessment rate and values for Fiscal Year 2014-2015 for the Kennedale TownCenter. II. Originated by: Bob Hart Sakura Moten-Dedrick, Director of Finance& IT III.Summary: City can expect Cypress Properties (our management company)to bill our tenants a total of$25,951 ($18,068+ $7,883)for MMD Assessments based on 2014 assessed valuations per$100 from the Tarrant County Appraisal District, as well as$1623 ($1,338+$285)for Insurance. The city will receive funds from Cypress over the fiscal year in our monthly income check. Also,the City can expect$83,347 from TownCenter LLP (owner of Building 5)for MMD Assessments based on 2014 assessed valuations per$100 from the Tarrant County Appraisal District. Building 5 tenants do not belong to City;thus, we bill TownCenter LLP directly.The city does not bill them for insurance. They carry their own property/liability/personal/business loss insurance with City as an "additional insured." Please see the attached information. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. FY2014-2015 Assessment& Insurance IMMD & Insurance Assessment Worksheet.pdf FY2014-15 ENTITY 2014 TAX RATE Kennedale $ 0.747500 Kennedale Independent 3hool District $ 1.514717 Tamant County $ 0.264000 Tamat County Hospital $ 0.227897 Tamest County College $ 0.149500 TOTAL $ 2903614 TAD AOCOUNTNUMBEUTRACT VALUES NOTES 41494407(1 R)EDCONNBJ $ 2,819,310 S=_e Below 41494415(2R)EDCONNED $ 41,334 Vacant 41494423(3R)EDCONNED $ 94,860 Vacant 41569814(4Ri)EDCONNBJ $ 271,500 S=ue Below 41569822(5R)BDCONNBJ $ 2,870,474 S=ue Bdow 41494466(6)EDCaNNED $ 19,470 vacant 41494474(7)EDCOMED $ 104,070 Vacant 41547799(EIR)CInOWNED $ 250,000 Vacant TOTAL $ 6,471,018 MUNIQPALMANAGEM ENT DISTRICT BUSINESS %SHARE SOFT MMD INSURANCE REMARK ASSESSMENT DUE DUE 1R Montgomery Manufacturing 0.00009% - $ - 0 NOFWALLYWCULD PAYTAXESTO CMIESSMONTHLY,AND THEN CIiYREMVESFROM CYFFEMIN FEVEINUECHEDC BJTJJSTI€CBNTLYMOAD IN gVBIALMCNTHSAGC) (AFTB2.KW2014),SDDONOTBILLMMDAS3ESWBNTTHISYFAR WILLBILFORFriS 161FSI1LLTHE OCCUPANT.DO NOT BILL INSURANCE OR CAM. Dollar General 22.0717% - $ 18,068 1338 PA15TAXESANDINSURANCETOC Faai SYEAIiYPA15CAMTOC FESSMONTHLY. CITYTHBN FEMVESFROM CYPFESSIN REVENUECHBCC SUBTOTAL $ 18,068 1338 4R1 Chicken Epress 100.0% - $ 7,883 285 PAYSTAXE,,INSUPANCEANDCAM TOCt'RiESSMONTHLY a YTHBN REWVESFROM CYPRESSIN REVENUECHEDC SUBTOTAL $ 7,883 285 5R Doctors Office 32.7% 3000 $ 27,261 0CITYBILLSTAX ESIBNNEaAETONNCBNTB2LLPANNUALLYIN OCT.NOINSURANCE BILLED.CVFRaBMAINTAINSITSONN POLICY.SEEATACIED CITY INVOICE Subway 15.3% 1400 $ 12,722 0 CITYBILLSTAX 2iIBNNBa4LETONNCBNTB2LLPANNUALLYIN OCT.NOINSURANCE BILLED.CVFFEMMAINTAINSITSONN POLICY.SEEATACIED CITY INVOICE Ace Cash 15.3% 1400 $ 12,722 0 ONBILSTAX ESIa3NNEaAETONNCBNTB2L LPANNUALLYIN OCT.NO INSURANCE BILLED.CVFRM3MAINTAINS ITSONN POLICY SEEATACHED CITY INVOICE Dry Oeaners 10.99% 1000 $ 9,087 0CITYBILLSTAX ESI<ENNB74LETONNCBNTB2LLPANNUALLYIN OCT.NO INSURANCE BILLED.CVFRaBMAINTAINS ITSONN POLICY.EEEATTACHED CITY INVOICE Epitome of Beauty 15.3% 1400 $ 12,722 0CIYBILSTAX ESIBNNEa4LETONNCBNTB2L LPANNUALLYIN OCT.NO INSURANCE BILLED.CYFTNEMMAINTAINS ITSONN POLICY.SEEATACHED CITY INVOICE Insuraice0ffice 10.6% 972 $ 8,833 0CITYBILLSTAX ESK3NNB74LETONNCBNTB2LLPANNUALLYIN OCT.NO INSJRANCE BILLED.CYFIRM31MAINTAINS ITSONN POLICY SEEATTACHED CITY INVOICE SUBTOTAL 100% 9172 $ 83,347 0 7OIALSQUARERFTIS9300.HOWEVEt.OTYDOESNOTELLFORVAC/1NQ6 GRANDTOTAL $ 109,299 $ 1,623