From
Lee Harriss
Title
Resolution appointing Herb Rolph, Chair of the Grand Prairie Chamber of Commerce, to the Boards of Directors for three Tax Increment Financing (TIF) Zones
Presenter
Lee Harriss, Special District Administrator
Recommend Action
Approve
Analysis
The "TIF Act" (Chapter 311 of the Tax Code) creates a Board of Directors to govern TIF Zones created by municipalities. Taxing entities (other than the City) contributing all or a portion of their tax increment are each allocated one seat on the Board of Directors. The City is given the power to appoint Directors representing the City in order to preserve a majority on the Board and the Chairpersons of the Boards of Directors. The Grand Prairie Chamber of Commerce recommends that their new Chair, Herb Rolph, replace their former Chair, Bill Moser, as their city representative for the TIF Board membership.
The attached Resolution appoints Herb Rolph to represent the City on the Board of Directors for each of the City's three (3) TIF zones. Mr. Rolph will serve the remainder of a two-year term (Jan. 1, 2014-December 31, 2015). The City of Grand Prairie holds a majority of the seats on each Board (TIF 1: 5 of 9; TIF 2: 9 of 17; TIF 3: 9 of 16).
Financial Consideration
There is no financial impact associated with approval of the attached resolution.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, APPOINTING HERB ROLPH, GRAND PRAIRIE CHAMBER OF COMMERCE, TO REPRESENT THE CITY ON THE BOARDS OF DIRECTORS FOR THREE TAX INCREMENT FINANCING ZONES
WHEREAS, the City of Grand Prairie has designated three areas as Tax Increment Financing (TIF) Reinvestment Zones within the City of Grand Prairie; and
WHEREAS, these Tax Increment Financing Zones are governed by a Board of Directors comprised of appointees from the various taxing entities who contribute tax increments to the TIF zones; and
WHEREAS, the City is appointing a new board member; and
WHEREAS, it is necessary for the City to nominate an appointee to each of the three Boards to serve the remainder of the January 1, 2014-December 31, 2015 term.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
SECTION 1. To the Board of Directors of TIF District Number 1 (I-30 Entertainment District) the City Council makes one (1) appointment:
Herb Rolph (Chamber of Commerce)
SECTION 2. To the Board of Directors of TIF District Number 2 (I-20 Retail District) the City Council makes one (1) appointment:
Herb Rolph (Chamber of Commerce)
SECTION 3. To the Board of Directors of TIF District Number 3 (Peninsula District) the City Council makes one (1) appointment:
Herb Rolph (Chamber of Commerce)
SECTION 4. That this resolution shall be in force immediately upon its passage in accordance with the Charter of the City of Grand Prairie and that it is accordingly so resolved.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 9TH DAY OF DECEMBER, 2014.