2014_06.18 TIRZ Minutesic
KENNEDALE
You're Here, Your Home
w .cityoH<ennedale.com
TAX INCREMENT REINVESTMENT ZONE ONE
NONCONTIGUIOUS GEOGRAPHIC AREA, NEW HOPE ROAD & BLOXOM PARK ROAD
MINUTES
BOARD OF DIRECTORS - REGULAR MEETING
June 18, 2014
CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE
I. CALL TO ORDER
Chair Robert Mundy called the meeting to order at 3:10PM.
II. ROLL CALL
Present:
Robert Mundy, Frank
Fernandez,
Rebecca Mowell, Pat Turner
Absent:
Mark McLendon, Scott
Rule, Jeni
McGarry
Staff Present: Bob Hart, City Manager
III. REPORTS AND ANNOUNCEMENTS
A. Discuss the current status of the Kennedale TIRZ.
Bob Hart noted that the agreement to be discussed on the regular agenda is a big step toward the
development of the TIRZ area. Mr. Hart also gave a brief overview of the TIRZ plan and process, as it
has been some months since the TIRZ board has held a meeting.
IV. MINUTES APPROVAL
A. Consider approval of minutes from October 26, 2012 meeting.
Motion To approve the minutes as presented., Action Approve, Moved By Pat Turner,
Seconded By Frank Fernandez
Motion Passed Unanimously
V.REGULARITEMS
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.
Bob Hart presented background information on this agreement, noting that the City of Kennedale City
Council had recently approved their portion of this agreement via the adoption of Resolution 426, as
well as a development agreement between the City and HM Real Estate. Mr. Hart noted that this
agreement is the first step for the TIRZ and a step toward bringing residential development to the
southern portion of town, which is in line with the city's adopted comprehensive land use plan.
Motion To approve the minutes as presented., Action Approve, Moved By Frank Fernandez,
Seconded By Rebecca Mowell
Motion Passed Unanimously
VI. ADJOURNMENT
Motion To adjourn., Action Adjourn, Moved By Pat Turner, Seconded By Rebecca Mowell
Motion Passed Unanimously
The meeting was adjourned at 3:55PM.
APPROVED: